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NEHEMIAH DOWNPAYMENT GRANT
The Nehemiah program is a Private California Non-Profit Organization that offers down
payment assistance programs to qualified homebuyers. This programs offers free gift
funds to be used towards the down payment and closing costs for eligible FHA loan
programs. Under this program, these funds do not have to be paid back. Nehemiah
will gift up to 3% of the final sales price on a home.
Type of Assistance:
Potential applicants for this program must first get pre-qualified for this home
loan grant. Once approved, the applicant will then be referred to an approved
Real Estate agent in the applicants area in order to find a home that qualifies
under the program guidelines. Once the home is found, all offers are accepted
from the seller, and the loan is ready to close, then the gift funds are wired
to the title / escrow company and the buyer closes on the transaction.
Nehemiah's downpayment assistance is provided directly to the homebuyer in the form
of Gift Funds, which are wired to the Settlement/Closing Agent on the day of the
settlement/closing. The gift will be up to 5% of the home's purchase price and can
be used for the downpayment and/or closing costs.
Eligible Customers:
All persons who meet the requirements for the Nehemiah Program.
Additional Information:
Since the Nehemiah program uses many of the same items needed for an FHA loan,
we suggest that you familiarize yourself with all the characteristics of FHA loans by
going to Important Facts and then apply online.
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