The Nehemiah Program which is a down payment assistance program has helped over 250 million Americans purchase homes. MN First time home buyers can seek down payment assistance from the Nehemiah Program (down payment assistance program supported by a non-profit organization). The intention’s of the Nehemiah program is lend a hand to first time home buyers who qualify for an approved FHA loan. Those MN first time buyers without a substantial down payment might consider a mortgage backed by the Federal Housing Administration (FHA), because down payment assistance is available to borrowers who qualify for a FHA loan. Read more about Nehemiah Program and eligibility.
The Nehemiah program offers:
- Up to 6% of the final contract sales price for down payment and/or closing costs.
- Available for first-time and repeat home buyers.
- No geographical restrictions.
- No repayment of gift money.
Not only is the application process simple for Nehemiah program, but the Nehemiah program is facilitated by a mortgage advisor. Contact a Mortgage Advisor.
Steps for the Nehemiah program:
- Tell your realtor you want to buy the home using the Nehemiah program.
- Find a house and make the seller an offer.
- When the offer is approved, contact your mortgage advisor.
- Your mortgage advisor applies to the Nehemiah program on your behalf.
- Nehemiah down payment assistance will be sent before you close on the home.
Down payment assistance programs require the seller to pay a flat fee to participate. This fee is considered a payment for services rendered and not a tax-deductible charitable contribution. Read more about the Nehemiah participation process.
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