HUD Certified Down Payment Assistance Workshop

1001 Indiana Avenue,Toledo OH 43607

25 January, 2023

Description

NID Housing delivers mortgage-ready client to partners. Our clients understand the benets of down payment assistance programs...and how they relates to their mortgage and future. NID's Down Payment Assistance workshop ensures the clients understand the range of programs offered by city, state, and federal agencies. Lender specic assistance programs are also introduced. Curriculum includes common down payment assistance criteria, including family size, location, and income. NID addresses the barriers that are unique to African-American homeownership: lower credit scores than other ethnic populations, insufcient funds for down payment and closing costs, high debt/income ratios, and difculty sustaining the course in the mortgage application and documentation process.