What happened to National Homebuyers Fund (NHF) and their 100% Financing?

Real Estate Agent with HomeWay.tv - Keller Williams Realty East Bay 925-337-8489

This morning I was looking for guidelines on the National Homebuyers Fund (NHF) Access Program for a client who is writing an offer.  I went as I normally do to their web site www.nhfloan.org to find what I was looking for...

NHF still offers 100% CLTV financing, even if the home is in a declining market.  The program can be leveraged for purchase money and rate-term refinances.  The program can help borrowers with credit scores as low as 600 with automated approval.  The program works by setting up a First Mortgage up to 95% and either a 2nd with low payments or Grant Funds with some down payment for the remainder.

So I typed in the url and nothing (Address Not Found)...  I tried it again...Still Nothing.  So I did a google search.  I have the right address so I click on the link again... NOTHING (Address Not Found)!!! Another casualty of the mortgage meltdown I figured....

BUT Wait!

I did not give up there.  I figured I'd try to call them.  I found a phone number on one of the newsletters I have received from them."Were Sorry but we can not connect you call at this time."  Maybe they really are gone.

I tried one last resource.  Citi Bank handles the servicing for NHF, let me call one of my friends over there.  I got my buddy Jay Cook on the line and he told me "NHF isn't there anymore." "They are moving down the street to a larger building."  Wow!  What a relief.  The program is still alive.

It turns out that they disconnected everything during the move which will be completed in December.  No Phones, No Website,  just fond memories of a program to be Thankful for.

Now to find out if there are still funds and if our offer has been accepted???


Danke Schoen & Happy Thanksgiving,

Nate Ellis




Check with your loan officer for specific details and restrictions about the program.

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