The grant, dispersed through NHF-approved lenders, is meant to assist homebuyers with down payments and/or closing costs that the home loan agreement may accrue. The NHF DPA Grant allows homeowners to build equity faster, and carry less of a financial burden by avoiding secondary mortgage options that are usually offered to cover the same costs, and involve pesky property liens.
Read MoreFirst time home buyer grants are issued by federal, state and local housing agencies to help borrowers purchase a home easily. The programs are designed to lower the hurdles of acquiring a home, by paying the down payment.
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