Directors Mortgage is pleased to announce that the NHF Grant program has returned! Now known as the NHF Sapphire Grant, the program has retained many of its features that were in effect when it was known as the NHF Platinum Grant, including:
- FHA first mortgage program used in conjunction with this Down Payment Assistance Grant (DPA Grant).
- Grant options include 3% or 5% of the first mortgage loan amount.
- DPA Grant is not a second lien and does not need to be repaid!
- Credit scores as low as 620 are eligible.
- Borrower(s) are not required to be First Time Homebuyers.
- Gifts and/or seller contributions up to 6% allowed, giving the potential to close with no money out-of-pocket!
To learn more about NHF eligibility guidelines, contact your Directors Mortgage Senior Mortgage Specialist today for more information!