National Home Buyers Fund Down Payment Assistance now available!


2013-03-07_0746EDITORS NOTE: It appears as though this program is being suspended effective the end of February 2016. If you’re considering using a grant, you might want to check out other down payment assistance options such as Home Advantage.

I am just learning about a down payment assistance program (dpa) that I now have available at Mortgage Master Service Corporation. The NHF Platinum Program is a little different than what you may be used to as it’s a grant that does not have to be repaid.

Here’s some quick information:

  • Primary residences only  (aka owner occupied)
  • You do not have to be a first time home buyer
  • Grant funds range up to 3 – 5% of the loan amount depending on the program type
  • Grant funds may go towards down payment and/or closing cost
  • Available in conjunction with Conventional (Fannie Mae’s My Community Mortgage), FHA, VA and USDA mortgages
  • 640 minimum credit score
  • 45% maximum debt to income ratio
  • Income limits do apply (see below).

Income limits for FHA, VA and USDA:

  • King and Snohomish Counties: $101,430
  • Kitsap County: $85,100
  • Island County: $83,950
  • all other Washington state counties: $82,110

Income limits for Conventional:

  • King, Pierce and Snohomish Counties: $114,380
  • Kitsap County: $73,100
  • all other Washington state counties vary.

If you are interested in buying a home located anywhere in Washington state, my team and I are happy to help you! If you would me to provide you with a rate quote for this or any program that I have available, please click here.


  1. I was wondering how I could get approved for a grant I am pre approved for a FHA loan and need 3.5% down I do not have the money I need help it would be for around $100,000. Thank you and if you could get back to me ASAP thank you!!

    • Anthony,
      I’m happy to help you with an FHA mortgage. We no longer have the grant program, however we do offer down payment assistance via the Washington State Housing Finance Commission.

      Even with the down payment assistance, you will need funds to buy the home. You will probably need an earnest money deposit when you submit the offer and you will need funds to pay for a home inspection. It’s not require, but I think it’s important, that you have some funds in savings set aside. Often times. your new home may require repairs or you may wind up needing extra funds should you have a cut back with your income.

      Again, I’m happy to help you – even if that means that we start a game plan and you buy in few months or even a year — as long as you’re buying a home located in Washington state, where I’m licensed.

  2. Would I qualify i f i had a shortsale in the past?

  3. The same wait periods apply with the first mortgage – with FHA the wait is 3 years. There are no overlays with the grant program.


  1. […] National Home Buyer Fund Grants. The NHF Grant program offers down payment assistance that is not paid back by the borrower. It’s kind of like a gift from your favorite Uncle or Auntie!  Grant funds range from 3 – 5% of the first mortgage loan amount and are in conjunction with a NHB first mortgage product. You do not need to be a first time home buyer and income limits do apply. Home buyer education classes are not required. […]

  2. […] FHA with 3.5% down payment with NFH Grant Program: […]

  3. […] $325,000 using an FHA mortgage with 3.5% down payment and the National Home Buyers Fund Grant. […]

  4. […] The National Home Buyers Fund (NHF) recently made changes as to how much grant funds a home buyer may be eligible for.  The grant funds are available to help qualified home buyers with funds for closing cost and down payment. Unlike other forms of down payment assistance, grant funds are not repaid by the home buyer – it’s kind of like a gift from a rich uncle or aunt that you didn’t know you had.  You can learn more about the NHF Grant program by clicking here. […]

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