AFF administers The Dove Foundation, offering down payment and/or closing cost assistance to qualified American home buyers.
  FHA Refinance | FHA Lending Limits       >> FHA Loan (fixed rate) | FHA Facts | FHA Loan Types | Mortgage Calculators | Down Payment Grants | FHA Foreclosures



Nehemiah Program

FHA Loan Rates
May 17, 2008

30 Yr. Fixed
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No Points
Low Interest
Best APR

15 Yr. Fixed
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No Points
Low Interest
Best APR

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Remember, the FHA does not make home loans. They insure the FHA loans that we can assist you in getting.

FHA.com is a private mortgage company specializing in fha home loans and is not associated with the federal government or HUD / FHA.

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FHA LOAN TYPES

FHA Refinance
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FHA Loan (fixed rate)
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Energy Efficient Loan
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Growing Equity Mortgage
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FHA Condo Loans
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Graduated Payment Mortgage

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FHA Facts | FHA Loan Types | Down Payment Grants

FHA Down Payment Grants
-- American Family Funds

American Family Funds (AFF) administers The Dove Foundation, a non-profit charity offering down payment and/or closing cost assistance to qualified American home buyers. The program features:
  • A simple application completed by your loan officer.
  • No credit check.
  • No income requirements.
  • No limit on the amount of down payment assistance and/or closing costs.
Once you are pre-qualified for the FHA loan and find a property you want to buy, notify your loan officer, who will apply for the AFF down payment assistance on your behalf. Make an offer on the home that includes use of the AFF program.
  • The seller must accept the terms of your offer.
  • AFF provides the down payment money at the time of settlement.
  • The money is applied to your down payment and/or closing costs.
  • Typical down payments range between 3% and 6% of the contract price of a house, but individual terms may vary.
Ask your loan officer for details on American Family Funds, down payment assistance programs, or how to make an offer contingent on the use of the AFF program if you aren't sure how to proceed. AFF is only one of a wide variety of down payment assistance plans, be sure to explore all your options and find the program that meets your needs.

Down payment assistance programs generally require the seller to pay a fee to participate. This fee is considered a payment for services rendered and not a tax-deductible charitable contribution.

For more information on how the grant program can be beneficial to you, you must be a qualified home buyer under the fha home loan program. We recommend that you first get pre-approved for an FHA home loan and then your lender will assist with getting you educated on the down payment program that is right for you.



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