One of the biggest challenges for homebuyers is coming up with the funds to cover the down payment requirements and/or closing costs associated with a mortgage loan.

To bridge that gap, NHF provides down payment and/or closing cost assistance (DPA), up to 5% of the mortgage loan amount. NHF DPA is provided in the form of either a Gift or a zero interest rate Second Mortgage that is forgiven after three years. It is available in all 50 U.S. States and qualifying guidelines are flexible. NHF DPA highlights(1): NHF DPA is provided as a Gift or a forgivable Second Mortgage There is no requirement that a borrower be a first-time homebuyer to qualify FICO score requirements and allowable debt-to-income ratios are flexible NHF DPA programs features generous income limits; higher than might be expected FHA, VA, USDA and Conventional Mortgage Loan financing is available NHF DPA is available for both purchase and refinance of a primary residence Sponsored by NHF and available nationwide through Participating Lenders