National Homebuyers Fund
This National Homebuyers Fund (NHF) program
is designed to help low-to
moderate-income buyers realize their dreams of home ownership
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:
Owner-occupied only. No first-time home buyer
requirement. May own other proeprty(within FHA
requirements). No minimum home buyer
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.
Single famliy residences, PUDs, FHA-approved
condos (must meet FHA requirements and
lender overlays), two-unit properties and
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!