Sierra Pacific Mortgage has partnered with the National Homebuyer Fund (NHF Platinum Program) to offer a new program for New Hampshire and Massachusetts home buyers. This program provides grants towards the purchase of a home and can make a home purchase possible (or possible sooner) for many home buyers. Here’s what you need to know about this NH & MA home buyer grant program.
Qualification Criteria
This NH & MA home buyer grant may be used with Fannie Mae (conventional) My Community, FHA, VA, or USDA loans. Qualification criteria will vary with each of these programs. The criteria specific to the grant itself include:
- The home purchase must be used as a principal residence.
- Properties may be single family, condo, or homes in planned unit developments.
- Credit scores may not be lower than 640.
- You do NOT need to be a first time home buyer.
- Income criteria apply (ask for details).
What Does the Grant Cover
The NHF Platinum Program provides a grant that may be used towards a down payment and/or closing costs. Grants are provided for up to 5% of the loan amount. Frunds granted do not need to be repaid.
More Information on This NH & MA Home Buyer Grant Program
Sierra Pacific Mortgage will sponsor and obtain the grant for the borrower, so you no longer have to work with separate entities to obtain a down payment assistance grant. Contact us for specific information on the NHF Platinum Grant and other program in NH and MA for which you may qualify. We offer free consultations and free pre-approvals. Call Chris Graves at 978-376-5389 to get started.