Clark Harvey-The Utah Mortgage Guy 801-557-8540
Clark Harvey-The Utah Mortgage Guy801-557-8540

NHF Sapphire Grant

This program allows a grant of 3% or 4.5% and can be used for down payment and closing costs.  The Program is designed to increase homeownership opportunities for low-to-moderate income individuals

 

 

 

30-year fixed term with full amortization: 

 
FHA: 203(b); 203(b)(2); 203(h); 234(c); in accordance with FHA guidelines. Temporary buy-downs permitted, per limits and rules. 
 
VA: in accordance with VA guidelines under 1810 and 181A. Temporary buy-downs permitted, per limits and rules. 
 
USDA-RHS: in accordance with USDA guidelines. 2-1 or 1-1 Temporary buy-downs permitted, per limits and rules. 
 
Borrower must meet the following requirements: 
• Occupy the residence as their primary residence; non-occupant co-borrowers are not allowed. 
• Qualifying income cannot exceed NHF income limits for the county in which the property is located: 115% Area Median Income (AMI). Refer to www.nhfloan.org. 
• Minimum Credit Score of 620. 
• Meet all required FHA, VA, USDA-RHS underwriting criteria. 

FOLLOW ME ON

 

1st Rate Mortgage

14185 Orgill Band Rd

Draper, UT 84020

 

MAILING ADDRESS:

PO BOX 1308 

DRAPER, UT 84020

 

Or you can reach us at

(801) 562-9100

NMLS# 1172332

 

Branch Location

3690 E. Fort Union Blvd

Suite 102

Cottonwood Heights, UT 84121

Ph: 385-355-3335

NMLS # 1525772 branch

 

Clark@ClarkHarvey.com

 

You can also use our contact form

MLO# 240452

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