National Homebuyers Fund, Inc. (NHF) – Diamond with Down Payment Assistance (DPA) Program

Special Alert

Property must be located within the state of: AZ, FL, GA, IA, KS, NE, OR, UT or WY

Maximum Purchase Price

Inquire for Details

Contact Info:

http://www.nhfloan.org/programs.html 1215 K Street, Suite 1650, Sacramento, CA 95814 866-643-4968


Retail, Correspondent

Credit Score Requirements

Minimum Credit Score: 620 FHA/VA: 620 USDA (RD): 640 Each borrower must have at least one credit score. For Government loans with FICO 45% use product code: LLADJ Manual Underwriting is permitted if FHA/VA credit scores are 620 or higher; 640 for USDA.

Deferred Payments?

Yes, for 30 years

Accepted First Mortgage Type:

FHA 203(b), FHA 203(k), FHA 234(c), VA, USDA / RD

Homeowners Education Class:

Required for FTHB

Is Forgivable?


626 Counties Property must be located within the state of: AZ, FL, GA, IA, KS, NE, OR, UT or WY

Income Limitations:

Yes, based on Qualifying (1003) Income Qualifying Income: Greater of 160% State Median Income (SMI) or Area Median Income (AMI). Follow agency guidelines to ensure income has been met.

Maximum Assistance

6.5% of Total Loan Amount 2% is a 30 year deferred, 0% second mortgage lien. The remaining DPA is a gift that doesn’t have to be repaid.

Education Requirements Info:

Required if ALL borrowers are first-time homebuyers, defined as a borrower who has not had ownership interest in a residential property in the last three years from closing date. . At least one borrower must take homebuyer education course . May select from any homebuyer education course

Eligible Property Types:

Single Family Detached Condo Townhome/PUD

Income By Household Size:

HH1-8 $193,300 *Income limits as of 05/24/2023

Qualifying Ratios:

Housing Ratio: — Total DTI: Up To 55% 55% with AUS approval. For DTI >45% with AUS approval, Lenders must use the pricing grid on the rate sheet labeled “GOVERNMENT NHF Diamond – LLADJ” (not cumulative). Manual Underwrite: FHA – 43% w/compensating factors per FHA VA – 41% w/compensating factors per VA USDA (RD) – 41% w/compensating factors per USDA
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