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Home price appreciation slowing

National Mortgage Professional
Nov 21, 2006

National Homebuyers Fund unveils down-payment assistance programMortgagePress.comDown payment assistance National Homebuyers Fund Inc. (NHF) has announced the expansion of its ACCESS home-loan program to potential buyers in Colorado. Mortgage loans offered by the program include 1) a combination of a 97 percent first-mortgage loan with a 7 percent second-mortgage loan, creating a 104 percent combined loan to value with a maximum first-mortgage amount of $417,000; and 2) a combination of a 100 percent first-mortgage loan with a 5 percent second-mortgage loan, creating a 105 percent combined loan to value with a maximum first-mortgage amount of $417,000. Sacramento, Calif.-based NHF is a nonprofit public benefit corporation, sponsored by the CRHMFA Homebuyers Fund, dedicated to providing a consistent source of financing for individuals without the resources to afford the down payment and closing costs associated with the purchase of a loan. For more information, call (866) 643-4968 or visit www.nhfloan.org.
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