FAQs
National Home Buyers Assistance Program FAQs
About National Home Buyers Assistance Program
NHBAP, short for National Home Buyers Assistance Program, connects aspiring homeowners with trusted mortgage lenders and expert loan officers across the United States.
We specialize in guiding buyers through affordable home financing solutions — including 100% no money down programs, first-time buyer assistance, and refinance options tailored to every budget.
Whether you’re purchasing your first home or exploring better rates, NHBAP helps you compare, qualify, and close with confidence.
You don’t need to pay out of pocket to close your refinance loan with National Home Buyers Assistance Program®. In fact, we only connect you with the best and trustworthy lender officer near you.
When you refinance with NHBAP®, you can get a loan to take cash out, lower your payment, shorten your term, or even do a combination of those depending on your numbers.
National Home Buyers Assistance Program® recommends loans you may be eligible for based on the information you provide. When you use NHBAP® help to apply, you may see mortgage recommendations for conventional loans, FHA loans (including FHA Streamlines), VA loans (including Interest Rate Reduction Refinance loans) and jumbo loans.
Refinancing With National Home Buyers Assistance Program
You don’t need to pay out of pocket to close your refinance loan with National Home Buyers Assistance Program®. We’ll automatically recommend a loan officer to help roll all your closing costs into your loan to make refinancing more affordable.
No. National Home Buyers Assistance Program® doesn’t currently offer HELOCs, so they’re not available through National Home Buyers Assistance Program®. But you can use National Home Buyers Assistance Program® to get a cash-out refinance, which gives you money you can put toward the same things as a HELOC, like paying down debt.
No. NHBAP doesn’t currently finance mortgages for mobile or manufactured homes.
Common reasons include replacing a higher rate with a lower one to reduce payment and lifetime interest, shortening the term to pay off the home faster, switching from an ARM to a fixed rate for predictability, or using a cash-out refinance to access equity for other needs.
You may encounter an application fee, an origination fee, and closing costs such as title services. You can also elect to pay discount points to lower the interest rate.
Yes. Cash-out programs allow qualified homeowners to tap equity in a primary residence, typically with requirements for credit, employment, and acceptable equity.
A rate lock holds your refinance rate while the loan is processed. Lenders often recommend lock periods around 30 to 45 days. Your decision should reflect current market conditions and your banker’s guidance.
Discount points are prepaid interest equal to 1 percent of the loan amount per point, exchanged for a lower rate. Whether they make sense depends largely on how long you plan to keep the loan and the time needed to break even on the upfront cost.
Buying A Home With National Home Buyers Assistance Program.
Most payments include principal, interest, property taxes, and homeowner’s insurance. If your loan amount exceeds 80 percent of the home’s value, your payment may also include private mortgage insurance
Pre-approval means a lender has reviewed your credit and cash flow to estimate an affordable loan range. It shows sellers you are a qualified buyer and helps you shop with confidence.
National Home Buyers Assistance Program® connect you with the nearest lender to provide you with a Prequalified Approval Letter, which is like a preapproval letter. It shows you and your real estate agent how much you can afford so you can make offers with confidence.
Once you’ve got your approval, you can make it even stronger by contacting a Home Loan Expert for a Verified ApprovalSM. With a Verified ApprovalSM, we verify your income, assets and credit before you shop for a home. It’s the next best thing to a cash offer, and it’s only available from NHBAP®.
Yes! Once you’ve filled out our online eligibility quote form, one of our Home Loan Experts will give you a call so we can speed up your mortgage process.
National Home Buyers Assistance Program® recommends loans you may be eligible for based on the information you provide through a loan office.
Many buyers think 20 percent is required, but loans are available with down payments as low as zero percent, subject to program guidelines.
A rate lock guarantees your mortgage rate for a set period while you complete the loan. Many lenders offer 30 to 60 day locks, with extensions sometimes available for a fee. Whether to lock depends on your view of near-term rate movements and guidance from your mortgage banker.
Lenders typically consider four areas: your income and debts, your assets, your credit history, and the property’s value as collateral.
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