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Good Neighbor Next Door Program

Are you a good neighbor?

The Good Neighbor Next Door (GNND) program is sponsored by the US Department of Housing and Urban Development (HUD ). With this program,  full-time law enforcement officers, pre Kindergarten through 12th grade teachers and firefighters, emergency medical technicians can contribute to community revitalization and stabilization while becoming homeowners through HUD’s Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return you must commit to live in the property for 36 months as your sole residence.  Only certain homes qualify for the GNND program.  Those homes are owned by HUD (REOs). The number of properties available is limited, but new properties become available weekly. View current properties available.

Properties are available for purchase through the program only for five days so you must be ready to make an offer quickly in order to take advantage of this program. GNND and other special sales program properties are available for five days before they are for sale to the public.  Eligible buyers are selected by lottery from those who indicate a willingness to buy and who meet all the other requirements and restrictions.  They do not bid, but rather offer “full price” and get the appropriate discount (10% to 50% off the listed price) at the time of settlement and closing.  All buyers, including those who qualify for GNND participation, must be represented by a HUD registered broker with a NAID number.

In making an offer on a qualifying property, a home buyer must  agree to the list price. For example, if a home is listed for $140,000, a qualified applicant would make an offer for $140,000, but  the actual purchase price would be $70,000 (loan amount). All properties through the GNND program are sold “as is” (HUD will not make repairs). This great offer can be combined with HUD’s sale incentive which allows a home buyers to purchase a home with only $100 down if the home buyer finances the property using a FHA loan.

Buyers who wish to participate in the GNND program submit their bid with a registered broker.  The amount of the discount (50% of the sale price) becomes a silent second on the property.  The home buyer does not need to make any payments on this note nor is any interest accrued as long as the 36 month occupancy requirement is met.  The second lien is reduced to zero at the end of the three-year period.  Earlier move out may incur substantial penalties.  The home buyer must not have owned any other real estate for one year prior to participating in the GNND program.

Down Payment Assistance Programs & Grants


Would you like to find out if you qualify for the purchase of a home? A down payment assistance? Are you interested in having Cornerstone Realty help you to sell your home? Call us today or fill out the form below and we will contact you as soon as possible.

Mortgage Center

We have included below a few tools to help you determine your mortgage payments, closing costs and an estimator of how much you could afford based on your income. To get pre-approved for the purchase of a home, give us a call today or fill out an online inquiry from our website and we will contact you with 24 hours of your submission.


Start today with your pre-approval process. It's easy - simply provide your information below and will contact you and email you the contact information of one of Charlotte's best lenders.

About Us

This Charlotte real estate website provides search tools, information and market news for home buyers and sellers. All the properties displayed on this website are generated automatically from the Carolina MLS and are updated daily.

The down payment assistance programs discussed in this website are based on a 30-year fixed loan. Interest rate is the current market rate.

If you have questions, please contact us today. Your inquiry will be answered by a Realtor® licensed to practice real estate.

Contact Information

Office: (704) 837-4672
Email: info@nc-homeownership.com
Address: 317 Matthews Mint Hill Road, Suite 201 Matthews, NC 28105

Mon-Fri: 9am to 6pm EST
Sat & Sun: By appointment only

Charlotte Real Estate website – We provide Real Estate services to home buyers and home sellers in Mecklenburg, Union, Gaston, Cabarrus and Stanly Counties.

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