For many households, the dream of homeownership has remained elusive because saving for a down payment is financially unrealistic. Mortgage Trust is proud to be a participating lender for the NHF Platinum™ Down Payment Assistance Program. Through this program, Mortgage Trust can help eligible families and individuals obtain a grant for a down payment and/or closing costs—a grant that does not need to be repaid.
The National Homebuyers Fund® is a nonprofit public benefit corporation that supports affordable, responsible homeownership. NHF manages several Down Payment Assistance (DPA) programs that help people purchase a home with fewer out-of-pocket costs. DPA programs follow standard mortgage loan underwriting guidelines to ensure that borrowers are able to afford their mortgage.
For eligible applicants, the process is simple. Mortgage Trust prequalifies borrowers for the NHF Platinum™ loan, determining eligibility through standard examination of income, credit, and debt. From there, we take care of registration, the reservation of DPA Funds, and confirmation of the Grant Letter. All you need to do is apply!
NHF Platinum Program Highlights*
- Non-repayable grant, up to 5% of loan amount
- No first-time homebuyer requirement
- For the purchase of primary residence
- Conventional, FHA, VA, and USDA mortgages
- FICO scores as low as 640
*Certain restrictions apply on all programs. Contact your mortgage advisor to learn more about borrower eligibility, rates, terms, and guidelines.
National Homebuyers Fund, Inc. (NHF) is a non‐profit public benefit corporation and Instrumentality of Government under Internal Revenue Service code section 115.