Have you heard of the Down Payment Grant Program called the NHF Sapphire? If not I am sure you will soon. This program is an acutal Grant and does not have to be paid back. I will be providing greater details in coming posts on this unique program but one aspect of this program that I couldn't wait to share with everyone is in regards to the minimum credit score for the program. Homebuyers who in the past were unable to take advantage of many of the programs that assist with funds to use for down payments and/or closings costs due to the minimum allowable credit scores may now have hope again.
The minimum credit score allowed on this program for FHA and VA First Mortgage Programs is as low as 550!
More to come....