Officer Next Door Program

Low Down Payment Mortgage Financing for Uniformed Police Officers (NYPD Home). Uniformed members of the New York City Police Department who have successfully completed their two-year probationary periods are eligible to participate in NYPD Home. Applicants must meet certain financial and credit requirements to be approved for a mortgage.

Lenders participating in NYPD Home offer 95% to 100% mortgage financing to police officers purchasing homes in New York City. The lenders also contribute up to $3,500 per loan in closing costs.

Each purchaser is required to contribute a minimum of 3% to 5% of the purchase price of the home towards closing costs, depending on the type of property.

The home can be a condo, co-op, or one-, two-, or three-family home located anywhere within the five boroughs of New York City. The home must be your primary residence. Police officers who own other residential properties, except for vacation homes, are not eligible to participate.

Officers purchasing homes should call My Professionals.
Most mortgages originated under NYPD Home will be sold to Fannie Mae, the nation's largest source of home financing. Mortgage amounts must be within Fannie Mae's conforming loan limits. The New York City Residential Mortgage Insurance Corporation (REMIC) will be providing low cost mortgage insurance.

Every purchaser is required to take a free homeownership counseling course, and, where applicable, a landlord-tenant education course.

Police officers with unsatisfactory credit profiles may be eligible to participate in NYPD Home after successfully completing a credit counseling program arranged by a participating lender.

As part of NYPD Home, qualified police officers will receive preference for purchasing homes in HPD-sponsored homeownership programs. Police officers who want to purchase HPD-sponsored homes should call 311 to request a homeownership kit.