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 MoreYes. These programs assist with providing funds for down payment, closing costs, prepaids, principal reductions, and/or repairs. How much you get depends on whether you qualify, the area median income, and home prices.
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