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- Down Payment Assistance Program
- Down Payment Assistance Cost & Forms
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All qualifying home buyers will receive a grant equal to 4% of the original loan amount to be used for down payment and closing cost assistance. This 4% assistance is a non-repayable grant provided by the NRHA. There is a 1% origination fee and 0.5% discount points (1.5% total) will be paid at loan closing.
Loan Amount |
Down Payment Assistance Amount |
---|---|
$150,000 |
$6,000 |
$200,000 |
$8,000 |
$250,000 |
$10,000 |
These forms are to be submitted by the mortgage lender or realtor.