National Homebuyers Fund (NHF) - Data Mortgage, Inc. dba Essex Mortgage Deferred Down Payment Assistance Program

National Homebuyers Fund (NHF) - Data Mortgage, Inc. dba Essex Mortgage Deferred Down Payment Assistance Program is a deferred second loan for homebuyers in Statewide, California. 30-year deferred DPA. Forgiveness available after 3 years when required parameters are met. Not first-time homebuyer required. Compatible with conforming, high-balance, and FHA buydown structures. Up to 5% of mortgage loan amount as DPA, structured as a 30-year deferred loan with 3-year forgiveness option when conditions met. Available statewide through Essex Mortgage and approved correspondents. This is a nationwide program, so it is available beyond a single state or city. Funding comes from NHF municipal-instrumentality bond program.

National Homebuyers Fund (NHF) - Data Mortgage, Inc. dba Essex Mortgage Deferred Down Payment Assistance Program is forgiven after 3 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by sale, refinance, or end of 30-year term (forgivable after 3 years if conditions met). Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

National Homebuyers Fund (NHF) - Data Mortgage, Inc. dba Essex Mortgage Deferred Down Payment Assistance Program is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required, through Required - HUD-approved (per FHA guidelines). Sourced via Homebuyer Wallet (CA20250072). Available in most US states; NHF DPA is lender-administered. Lenders responsible for verifying income and purchase price limits. Conforming and high-balance loans permitted; 2/1 buydowns allowed on FHA first.

National Homebuyers Fund (NHF) - Data Mortgage, Inc. dba Essex Mortgage Deferred Down Payment Assistance Program sets its income limit as follows: Lender-set per program guidelines; flexible qualifying. Follow FHA guidelines for ownership of additional property. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

National Homebuyers Fund (NHF) - Data Mortgage, Inc. dba Essex Mortgage Deferred Down Payment Assistance Program can be used for Single-family, Condo, Townhouse, 2-4 unit owner-occupied.

National Homebuyers Fund (NHF) - Data Mortgage, Inc. dba Essex Mortgage Deferred Down Payment Assistance Program is a nationwide program, so it is not limited to one state.

Applications for National Homebuyers Fund (NHF) - Data Mortgage, Inc. dba Essex Mortgage Deferred Down Payment Assistance Program go through the administering agency. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.