NSP FAQ
Q

Can an NSP homebuyer refinance during the affordability period?

Date Published: October 2012

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A

Rules related to refinancing should be included in the agreement between the homebuyer and the grantee. Most subsidy programs will allow refinancing during the affordability period but may have different rules regarding increasing the private first mortgage, cashing in equity, and repaying the NSP assistance.


Tags: NSP Program Requirements - Affordability Period

FAQ ID:

465