Homepath Lending wants to make American communities stronger, promote home ownership, and take an active role in the revitalization of cities. The purpose of the Good Neighbor Loan (GNL) program is to improve the quality of life in our nations communities by encouraging Law Enforcement Officers, Teachers (PreK-12), Firefighters, Nurses, Doctors, Emergency Responders (EMTs), and Veterans to purchase and live in a home in any community. The GNL program allows qualified buyers to receive a No-Closing-Cost mortgage or an incentive of up to 1% for closing costs, taxes or insurance on your new home.
If the home you want to purchase needs updating or repairs, you may use FHA’s 203(k) or the new 203(k) Streamline Mortgage program. This mortgage option allows you to finance both the purchase of the home and any needed repairs and/or updates you want to make to the home. You have the benefit of one loan for both costs and one monthly payment. It is a home improvement loan and property acquisition loan combined in one.
Who can participate?
All participants must be employed full-time by a federal, state, county, municipal government, Indian tribal government, division of local government, or public/private school.
Law Enforcement Officers
Teachers and School District Employees
Firefighters & Emergency Medical Technicians
Doctors & Nurses
Public Sector Employees (State, City, Local Municipalities)
Homepath Lending will assist you in connecting with knowledgeable REALTOR® and experienced Mortgage Bankers to help provide a greater understanding of the requirements of the program. Contact us today at 1-888-256-8076