Government
Good Neighbor Next Door (HUD)
The Good Neighbor Next Door program from HUD offers a unique opportunity for law enforcement officers, pre-Kindergarten through 12th grade teachers, firefighters, and emergency medical technicians to purchase homes in revitalization areas. Eligible participants can purchase homes at a 50% discount off the list price. Take advantage of rates starting at 6.25% and invest in your community while securing your future.
Program Benefits
Purchase homes at a 50% discount in designated revitalization areas.
Contribute to community revitalization while achieving homeownership.
Enjoy rates starting at 6.25%, making homeownership more affordable.
Potentially build equity rapidly due to the significant initial discount.
Fulfill the dream of owning a home even with limited financial resources.
Benefit from a government-backed program designed to support community heroes.
Program Highlights
Max LTV
96.5%
Min Credit Score
580
Max DTI
55%
Loan Amount Range
Varies based on property value
Amortization Options
Eligible Properties
- Single Family
Program Requirements
Income Documentation
- •Must meet standard income requirements for mortgage approval.
- •Income verification documents are required (pay stubs, W-2s, tax returns).
- •Debt-to-income ratio must fall within acceptable limits.
- •Specific income limits may apply based on the location of the property.
Asset Verification
- •Sufficient funds for down payment and closing costs are required.
- •Asset verification documents are required (bank statements, investment account statements).
- •Gift funds may be allowed with proper documentation.
- •Reserves may be required depending on the lender.
Insurance & Title
- •Homeowner's insurance is required to protect the property.
- •Flood insurance may be required depending on the location of the property.
- •Mortgage insurance may be required if the down payment is less than 20%.
Property Requirements
- •Minimum FICO score of 580 is required.
- •A credit history free of serious delinquencies is preferred.
- •Bankruptcy or foreclosure may require waiting periods.
- •A higher credit score may qualify you for a lower interest rate.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
Full-time law enforcement officers, pre-Kindergarten through 12th grade teachers, firefighters, and emergency medical technicians are eligible.
Eligible participants can purchase homes in designated revitalization areas at a 50% discount off the list price.
Yes, a minimum FICO score of 580 is typically required.
Participants must commit to living in the home as their primary residence for at least three years. Failure to do so may result in penalties.
Available properties are listed on the HUD website.
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
