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 NHSA First Mortgage Non-Recourse
502 - Leveraged Loan Program
The First Mortgage Non-Recourse 502-Leveraged loan program enables NeighborWorks Organizations to access the secondary market funds to place first lien position leveraged loans. These loans serve rural populations, areas and borrowers with low or very-low incomes that are without adequate housing and unable to obtain credit elsewhere, yet have reasonable credit histories.
Learn More about the 502
Leveraged Loan Program
NHSA First Mortgage Non-Recourse FHA Loan Program
NHSA will facilitate approved loan correspondents to originate mortgages under the Non-Supervised Federal Housing Administration (FHA) guarantee program. Learn More
NHSA offers non-recourse loan products through its nonprofit subsidiary Just Price Solutions (JPS).
Just Price loan products (purchase, refinance, and debt consolidation) serve borrowers with thin credit files or no credit score at all. Just Price loan products feature 30-year fixed-rate terms and NO prepayment penalties. Learn More about Just Price Loan Products
Just Price loan products are featured in the R-HOME program, a collaboration of nonprofit, public, and private sector organizations working together to extend lower-cost mortgages to consumers with little or no credit history — a widely underserved population. Learn More about R-HOME |
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MyCommunityMortgage Tandem product is a unique 80% 1st and 20% 2nd—with both loans available at the same rate and both with 30-year terms. MyCommunityMortgage Tandem and single (97%) loan products serve borrowers with flexible underwriting and low minimum borrower contribution. Learn More about MyCommunityMortgage Loan Products
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All NHSA, Just Price and MyCommunityMortgage™ loan products are part of an overall process to support informed borrowers before, during, and after loan closing. All borrowers must complete a HUD approved homebuyer education program (accessed in person, over the phone, or online).
NHSA Recourse Loans
Loans that are underwritten and funded by, or assigned to, a NeighborWorks® organization and then sold to NHSA with recourse.
NHSA-CDFI Single Family/Rural
NHSA-CDFI facilites funding for first mortgages with the USDA RHS 502 Loan Program.
NHSA-CDFI Permanent Multifamily
Long-term, fixed-rate first mortgage for NeighborWorks-owned multifamily properties.
NHSA-CDFI Interim Development
Short-term, fixed-rate financing for acquisition and development of single-family and multifamily properties.
NHSA-CDFI Single Family/ Non-Rural*
Provides loan capital for single-family lending activities such as down payment and closing cost assistance and rehabilitation. These loans may be used to capitalize NeighborWorks organizations’ revolving loan funds.
*NHSA-CDFI single-family non-rural funds were previously offered through an investment which has been fully subscribed. A new agreement for additional funding is under negotiation. Please check back for program details and availability. |
Equal Housing Opportunity