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
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.