National Homebuyers Fund (NHF) - Data Mortgage, Inc. dba Essex Mortgage Deferred Down Payment Assistance Program
National Homebuyers Fund (NHF) - Data Mortgage, Inc. dba Essex Mortgage Deferred Down Payment Assistance Program
Program Category
Down Payment Programs
Max Amount
Up to $14,490
3.5% of Purchase Price
3.5% of Purchase Price
Agency Website
Contact Info
NHF Customer Service:
(866) 643-4968
info@nhfloan.org
(866) 643-4968
info@nhfloan.org
Program Details
Buyer contribution type
Income calc method
Qualifying (1003) Income
First mortgage types
FHA 203(b),FHA 234(c)
First mortgage terms
Fully Amortizing,Fixed Rate,30-year
Property types
Single Family Detached, Condo, Townhome/PUD, Manufactured Home
Repayment triggers
Repayment Events:
The First Deed of Trust on the Property is refinanced; or
The First Deed of Trust on the Property becomes due and payable forany reason; or
Borrower sells, transfers or otherwise disposes of the Property, including, without limitation, through foreclosure or transfer pursuant to any power of sale.
Loan Forgiveness
Fully
Program Guide
https://www.essexmortgage.com/dpaResources:
https://essexcorrespondent.com/resourcesProgram Flyer/Summary:
https://essexcorrespondent.com/resources_down_payment.pdfDPA FAQ:
https://essexcorrespondent.com/resources_dpa_faq.pdfGet Connected:
https://www.essexmortgage.com/contact-usReservation Portal:
https://7608605446.encompasstpoconnect.com/#/content/idploginLimitations
Subordination is not permitted.
Lenders are responsible for ensuring income and purchase price limits are met.
Lenders are responsible for ensuring income and purchase price limits are met.
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