NH Housing Offers 4% grant!

NH Housing will now provide a cash assistance grant equal to a maximum of 4% of the base loan amount to help borrowers defray the cost of down payment, closing costs, and prepaid escrow expenses associated with purchasing a home. Borrowers must contribute a minimum of 1% (based on purchase price) using their own funds (excluding gifts). No cash back is allowed at closing. Income, purchase price and all other NH Housing guidelines apply. There is no monthly payment on the cash assistance grant portion. If the mortgage is paid off within the first 48 months, the full amount of the grant is due. After 48 months, the full amount of the grant is forgiven. For more information, go to www.NHmortgages.com