National Homebuyers Fund, Inc. (NHF) is interested in creating
business relationships with
local housing and governmental agencies to better meet the
needs of local homebuyers, lenders, brokers and realtors.
View Current Partnerships here.Given its size, scope, lender base and experience, NHF can
offer local housing agencies Subordinate Loan financing
at a significantly lower cost.
NHF Advantages:
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NHF Subordinate Loans may be used by local housing agencies
as an eligible source of downpayment assistance in
connection with local first loan programs, such as
tax-exempt mortgage revenue bonds or mortgage credit
certificates.
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NHF Subordinate Loans may be also used as a complementary
source of downpayment assistance along with other local
Second Loan, gift or grant programs.
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Given its size and the geographic dispersion of its loan
portfolio, NHF can offer better terms on Subordinate Loan
financing than what a local housing agency may be able to obtain
independently – resulting in a lower cost and loan rate to
the homebuyer.
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NHF has invested heavily in an effective online
reservation, subordinate loan document and reporting system,
providing local housing agency partners with real-time
updates of loan production and demographic reporting.
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NHF’s expanding lender base, many of whom operate
nationally, provides an immediate lender network in most
local markets. New lenders are welcomed, at no cost, to be trained locally, via conference call or online.
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NHF can
assist local housing agencies with its extensive
experience and resources in addressing specific housing
needs.
Promoting homeownership within local communities makes good
economic sense, and NHF can provide local housing agencies
with the resources and commitments necessary to ensure that
qualified homebuyers can achieve the American Dream. For
more information about NHF, its programs, and how state and
local housing agencies can partner with NHF, please contact
NHF for more information.
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