NHF Down Payment Assistance Programs Now Available with GMFS
GMFS Mortgage is excited to partner with the National Homebuyer’s Fund (NHF) to offer the Down Payment Assistance Program (DPA)
Program Highlights:
- FHA with CLTV 100%
- FHA 1st Lien 96.5%
- DPA 2nd Lien 3.5%
- Funds can be used for down payment
- Funds can be used for closing costs
- Minimal overlays to your standard FHA program
- No First Time Homebuyer Requirement
- DU Only
- Brokers must use Disclosure Desk – Compensation must be Borrower Paid
Guides and Tools
- NHF Broker Process
- DPA NHF Training
- DPA NHF Guidesheet- 10 year Amortization
- DPA NHF Guidesheet – Forgivable
- Disclosure Desk