Clark County WA Real Estate Blog

First time homebuyers have a friend in the Nehemiah downpayment assistance program.

What is The Nehemiah Program and how does it work?
The Nehemiah Program provides gift funds for downpayment and closing costs to qualified homebuyers who use an FHA insured mortgage or conventional loan. Gift funds up to 6% of the final contract sales price are available for the purchase of a participating home. These gift funds never have to be repaid. There are no buyer income limitations and no area restrictions. For the buyer to be eligible for the gift, the seller must make a contribution to Nehemiah Corporation of America that is equal to the gift amount, plus pay a small processing fee.

Why would a seller want to help me?
Sellers choose The Nehemiah Program to dramatically increase the number of qualified candidates that would be eligible to purchase their home. The simple factor of “supply and demand” goes to work for participating sellers to help increase their home’s market value.

What are the basic program requirements?

• Both the homebuyer and seller must agree to participate in the Nehemiah Program,
• Homebuyer must use an FHA loan or a conventional loan that allows gifts from charitable organizations
• Homebuyer must purchase a Nehemiah participating home
• Homebuyer must be the primary occupant of the property.

So, if you are a first time homebuyer, and wondering how you are going to come up with the downpayment, now you have an option. 

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