NSP FAQ
Q

Does NSP require potential homebuyer to provide an earnest money deposit?

Date Published: October 2012

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A

NSP does not require homebuyers to provide an earnest money deposit. However, grantees may require earnest money deposits as a part of the local program rules. FHA loans do require an earnest money deposit.


Tags: NSP Underwriting and Project Selection - Structuring Financial Assistance Models

FAQ ID:

1163