National Homebuyers Fund

This National Homebuyers Fund (NHF) program
is designed to help low-to
moderate-income buyers realize their dreams of home ownership

 

NHF FirstDown

Make home ownership a reality sooner than later.

  •  Total financing of up to 99.50% of the lower of the sales
    price and/or appraised value.
  • Help with down payhment and closing costs via low,
    fixed-rate second loan.
  •  Fixed interest rate on a 30-year FHA loan.
  • FHA flip transactions for properties purchased less
    than 90 days.  One-and two-unit properties okay.

 NHF FirstDown Details:

Borrower Eligibility:
   Owner-occupied only.  No first-time home buyer
   requirement.  May own other proeprty(within FHA
   requirements).  No minimum home buyer
   contribution required.

Credit Scores:
   580 minimum credit score required.  Those
   with no credit score may also qualify with
   alternative credit.  Two-unit properties require
   a minimum 640 credit score.  Manufactured
   homes require a 660 minimum credit score.

 Proeprty Eligibility:
   Single famliy residences, PUDs, FHA-approved
   condos (must meet FHA requirements and 
   lender overlays), two-unit properties and 
   manufactured homes.

Other Details:
   Income limits are 115%of HUD area median
   income (AMI).  Non-occupying co-borrowers 
   and co-signers are not allowed.  Home buyer
   education is required.

 

 

Sign Up TODAY for PROGRAM DETAILS!

 

 

Please describe your dream home.
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Last Name:
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Phone:
When are you moving: 

Describe your ideal property.
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