Good Next Door Neighbor
The Good Next Door Neighbor Program is a down payment assistance program that helps eligible homebuyers with their down payment and closing costs.
Requirements: In order to qualify for the Good Next Door Neighbor Program, borrowers typically need to meet income eligibility requirements based on the location of the property and the size of the household. They also need to complete a homebuyer education course and contribute at least $500 toward the purchase of the home.
common objections and solution that you or your clients can encounter along the road:
"I don't have enough money for a down payment."
Solution: Borrowers can look into down payment assistance programs, such as the Good Next Door Neighbor Program, or consider applying for an FHA or VA loan that offers a lower down payment requirement.
"I'm worried about the closing costs."
Solution: Borrowers can negotiate with the seller to cover some or all of the closing costs. They can also look into programs that offer down payment and closing cost assistance.
"I'm not sure if I qualify for the program."
Solution: Borrowers can work with a lender who offers the Good Next Door Neighbor Program and can help determine their eligibility. They can also check the program's website for eligibility requirements and application instructions.