{"data":{"id":"us/24-cfr-291.545","jurisdiction":"us","citation":"24 CFR 291.545","heading":"Financing purchase of the home.","body":"(a) Purchase using conventional financing. If the law enforcement officer, teacher, or firefighter/emergency medical technician uses conventional financing to purchase a home under the GNND Sales Program, the amount of the mortgage may not exceed the discounted sales price of the home.\n(b) Purchase with FHA-insured mortgage. (1) A law enforcement officer, teacher, or firefighter/emergency medical technician using an FHA-insured mortgage to finance purchase of the home may finance reasonable and customary closing costs with the FHA-insured mortgage.\n(2) The amount of the FHA-insured mortgage may not exceed the discounted sales price of the home plus:\n(i) The closing costs; and\n(ii) The costs of rehabilitating and/or improving the home, where purchase of the home is being financed with an FHA-insured 203(k) rehabilitation loan (see 24 CFR part 203).\n(c) Closing costs and selling broker's commissions. In no event will HUD pay a buyer's closing costs on the purchase of a property or a selling broker's commission through the GNND Sales Program.","path":["Title 24—Housing and Urban Development","Subtitle B—Regulations Relating to Housing and Urban Development","CHAPTER II—OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT","SUBCHAPTER I—HUD-OWNED PROPERTIES","PART 291—DISPOSITION OF HUD-ACQUIRED AND -OWNED SINGLE FAMILY PROPERTY","Subpart F—Good Neighbor Next Door Sales Program"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-24.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:55Z","sha256":"402192224cf36529ac797616957f1b0cf68b178f6cad6b76781bb9e11786adb4","source_id":"us-cfr","stale":true,"prev":"us/24-cfr-291.540","next":"us/24-cfr-291.550"},"notice":"GroundRules: Original legal text. Not legal advice."}