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Guide to Understanding Mortgage Financing for NSP-Assisted Homebuyers

Date Published: May 2012

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Description

This component of the Homeownership Toolkit is intended for NSP grantees and their partnering housing providers seeking information and best practices on ways to help potential homebuyers successfully obtain permanent mortgage financing in their market. This guide will help you understand the basics of permanent mortgage financing and the current mortgage lending landscape; apply that understanding to the design and implementation of local efforts; and connect prospective buyers of NSP homes to the resources needed to successfully purchase properties.

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Tags: NSP

Disclaimer: All peer approved resources shared on the HUD Exchange have been provided by the organization that developed them. The documents have not been reviewed by HUD or its contractors for applicability, legality, or compliance with federal statutory and regulatory guidelines. The posting of these documents on the HUD Exchange is not intended as an endorsement of the documents by HUD or any of its contractors.

Please bear in mind that these documents were created by organizations based on their specific needs and objectives, and they may reflect local laws and policies. Grantees and their partners should go through their own process to develop policies and corresponding procedures that are appropriate locally and that are compliant with federal, state, and local law.

Author Organization
  • Enterprise Community Partners
  • National Community Stabilization Trust
Resource Approver
  • Peer Approved
Resource Sponsor
  • HUD