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Sapphire Grant is the Home Buyers Best Friend
There is little doubt the Sapphire Grant Program will be considered the Best Friend of Home Buyers and Real Estate Professionals as well.
There are Down Payment Assist Programs…and then there is the Sapphire Grant.  First time home buyers and seasoned home owners can both take advantage of this innovative funding source for assistance with down payment, closing costs and/or prepaids (taxes, insurance and mortgage insurance, as applicable).
The Sapphire Grant is sourced through National Homebuyers Fund (www.nhfloan.org) non-profit.  It is offered through qualified wholesale lenders directly to Mortgage Brokers throughout the Country.  The Sapphire Grant cannot be accessed through a retail bank or Credit Union.  The main qualification of the program is income based upon 115% of the AMI (Average Medium Income) of each County in the Nation.  The 115% calculation can be found at http://nhfloan.org/programs/dpa-limits.aspx  (remember, the calculations have already been performed).
What is so exciting about the Sapphire Grant is the shear simplicity of the program.  There are no specific forms, no lengthily application process and no restrictive guidelines that also guarantee no one will qualify (as in most Down Payment Assist Programs).  Further, it is a fully forgiven grant with absolutely no Recapture (required payback) Period in the event of sale or ... more

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