Police Officer Loans - Special mortgage financing, with flexible qualifying guidelines, is available for police officers.

The Officer Next Door (OND) program helps make this goal a reality by making homeownership faster and more affordable for Law Enforcement Officers.

Many mortgage programs specifically geared to policemen and policewomen are available under different names, such as:
- PBA Mortgage
- Police Mortgage
- P & F Mortgage
and many more.

Following are the requirements that Officers must meet to use the Officer Next Door (OND) program:

* Officers must live in the property as their sole residence for at least three years after purchase.

* Officer must be a full-time, sworn law enforcement officer who works for a city, county, state or Federal law enforcement agency. You must have the general power of arrest - not just arrest authority limited to a building or facility.

Occasionally, grant money is made available for policeman to purchase homes in the respective town they serve.

Loans for police officers - Currently, there are loans for almost every imaginable scenario. Many people don’t realize that there are even loans that are specifically for police officers and other public employees.

These special programs also cover teachers.

These programs allow for reduced PMI (Private Mortgage Insurance) premiums and also some programs allow for higher debt to income ratios.

Many of these programs also have mimimal down payment requirements to allow even more people to qualify.

 

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