National Homebuyers Fund (NHF) – Data Mortgage, Inc. dba Essex Mortgage Repayable Down Payment Assistance Program
Special Alert
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
Limitations
Subordination is not permitted. Lenders are responsible for ensuring income and purchase price limits are met.
Credit Score Requirements
Minimum Credit Score: 600 Each borrower must have at least one credit score.
Deferred Payments?
No
Accepted First Mortgage Type:
FHA 203(b), FHA 234(c)
Homeowners Education Class:
Required
Is Forgivable?
Location:
2986 Counties, 41 Cities Nationwide except MA, NY, and WA.
Income Limitations:
Maximum Assistance
3.5% of Purchase Price Up to 3.5% of the Sales Price or Appraised Value (lesser of).
Education Requirements Info:
At least one borrower must receive housing counseling from a HUD approved non-profit housing counseling agency. https://hudgov-answers.force.com/housingcounseling/s/?language=en_US
Eligible Property Types:
Single Family Detached Condo Townhome/PUD Manufactured Home
Income By Household Size:
None
Qualifying Ratios:
AUS required.
