Great news on the National Homebuyer’s Fund (NHF) Down Payment Assistance Program (DPA)

GMFS will now allow Lender Paid Compensation under the program to further benefit your borrowers.

We have seen a lot of success with this program, highlights include:

• 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
• Only available on brokered loans
• Brokers must use Disclosure Desk– If you do not select for GMFS to disclose the produce will show ineligible with the following reason: This Product is only available if disclosed by GMFS.

If you need to make a change to your original disclosure selection please contact [email protected] or [email protected] to update your loan.

Guides and Tools:

• NHF Broker Process
• DPA NHF Training
• DPA NHF Guidesheet- 10 year Amortization
• DPA NHF Guidesheet – Forgivable
• Disclosure Desk

This Product is only available if disclosed by GMFS. If you need to make a change to your original disclosure selection please contact [email protected] or [email protected] to update your loan.