Homeownership is closer than you think!
DOWN PAYMENT ASSISTANCE
HIP For First-Time Homebuyers™
Down Payment Assistance
Home Is Possible For First-Time Homebuyers™
Owning a home is part of the American Dream and one of the best paths for working and middle-class families to build wealth, but it can be difficult to save the money necessary to get started. That’s why NHD created this new program exclusively for first-time homebuyers.
Key Benefits
✔ Get up to 4% of total loan amount
✔ Usable for down payment and closing costs
✔ Forgivable after 15 years (if you stay in your home)
✔ Attractive, 30-year fixed interest rate
✔ Statewide program
Requirements
✔ Must be a first-time homebuyer
(have not owned a home in the past 3 years)
✔ Maximum purchase price & income limits by county
✔ Minimum credit score of 660
✔ Must live in home as primary residence
✔ Homebuyer education course required
✔ Must meet standard underwriting requirements
✔ Additional one-time fee of $755
This down payment assistance program requires a home loan mortgage approval. Find out if you are approved by applying:
Home Loan Down Payment Assistance Programs:
For more information about mortgage related programs
Get in contact with our home loan mortgage lending experts
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