Home Is Possible Loan Program Highlights

NHD_151742-Web-Slider_3

Key Benefits

  • Fixed interest rate 30-year loan – current rate click here
  • No first-time homebuyer requirement
  • Grant is non-repayable
  • Available state-wide
  • No asset limits for homebuyers
  • Now offering up to a 4% grant with government loan types and up to a 5% grant with conventional loan financing
  • Grants are based upon the loan amount and can be used for down payment assistance and/or closing costs.
  • Can be combined with The Mortgage Tax Credit (MTC) Program. For more information, click here

Program Requirements

  • Minimum credit score of 640 for government insured loans and 680 for most conventional loans
  • Qualifying income on mortgage application must be below $95,500
  • Home price below $400,000
  • Must be homebuyer’s primary residence
  • Homebuyer education course is required
  • Must meet normal government or conventional loan underwriting requirements

 

2016-01-12T20:35:28-07:00

Share This, Choose Your Platform!

Go to Top