The income limits are only based on the borrowers on the loan, NOT the total household income! Take a look at the features of the grant below.
National Homebuyers Fund (NHF) Platinum Grant:
· No first time homebuyer requirement
· Income limits based on borrower and co-borrower only (does not apply to entire household - see attached county income limits)
· Offers up to 5% down payment and closing cost assistance
· No forgiveness period or repayment required - a true grant!
· Must be primary residence only
· 30-year mortgage only
· Minimum 640 credit score required
Senior Mortgage Banker