to buy with a grant program. Help finance your home loan.
Like free money from grandma for your purchase mortgage
What is NHF Platinum?
A first mortgage program with a Down Payment Assistance Grant.
Can excess grant funds be used towards closing costs?
Yes, only towards “customary” closing costs.
Does the client have to be a first time homebuyer?
No, clients can still use this program if they have owned a home in previous 3
Do funds ever run out via too many reservations?
No, funds never run out as long as the program is offered.
NHF Platinum Q&A
What properties are allowed?
Owner Occupied, single family residences
Agency approved Condominiums and PUDs
Up to 4 units
Rental or investment properties
Recreational, vacation or second homes
Who funds the grant money at closing?
Funding sends a Grant Request to NHF and they fund Grant funds.
Example shown below is for WA State:
• 1180 - FHA - NHF Platinum
• 1280 - VA - NHF Platinum
• 4468 - USDA/RD - NHF Platinum
• 2180 - MCM Conventional AND Standard Conventional available
2180 - MCM Conventional AND Standard Conventional available
Standard Conventional NHF loans offer a maximum grant of 3%
Minimum credit score for the Standard Conventional NHF product is 740
All other NHF products have a minimum credit score of 640.
NHF Platinum Website
NHF Platinum website at: http://www.nhfloan.org/index.html
Online Reservation System
Find interest rates under reservation system (between 9am
– 4pm PST)
NHF website “Program Index”
Within the “Program Index” link:
Click on the “NHF Platinum” Blue link
This blue link opens up another webpage
Program Term Sheet
NHF Platinum Website
NHF Platinum Product 1st mortgage.
Click on the associated link that
correlates to the NHF product you are
Income limits by State
Income limits by County
FHA, VA and USDA
Select between a 0%, 3% or 5% grant
Each grant option comes with an
associated interest rate
Conventional (both Standard & MCM) FREE GRANT FOR DOWN PAYMENT IS SUCH AN AMAZING BENEFIT!
CALL NOW TO FIND OUT HOW
(949) 784-9699 C G BARBEAU
NMLS # 324982