FAQs

National Home Buyers Assistance Program FAQs

About National Home Buyers Assistance Program

What is NHBAP?

National Home Buyers Assistance Program® is an online mortgage experience developed to help you connect with the leading lender officers in the United State. 

National Home Buyers Assistance Program isn’t a calculator; it’s a way to get a mortgage. Just tell us about yourself, your home and your finances, and we’ll give you real interest rates and numbers – not just our best guess. Then, you can use National Home Buyers Assistance Program® to get approved, ask questions about your mortgage.

How much cash do I need to close with NHBAP?

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.

What kind of refinance loans can I get with NHBAP?

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

How much cash do I need to close 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.

What kind of refinance loans can I get with The Lender Exchanage?
We help ambitious businesses like yours generate more profits by building awareness, driving web traffic, connecting with customers, and growing overall sales. Give us a call.
Can I get a home equity line of credit (HELOC) with National Home Buyers Assistance Program?

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.

Can I use National Home Buyers Assistance Program to refinance a mobile or manufactured home?

No. NHBAP doesn’t currently finance mortgages for mobile or manufactured homes.

Buying A Home With National Home Buyers Assistance Program.

Can TLE tell me how much home I can afford?

Yes! If you’re ready to get approved to buy a home, National Home Buyers Assistance Program® is a great way to understand exactly how much you can afford. Because RNational Home Buyers Assistance Program® considers your credit score and financial information in determining how much you can afford, it’ll give you more accurate numbers than a calculator would.

How much money do I need to buy a home with NHBAP?

How much you need depends on the type of loan and the purchase price of the home. In general, you’ll want to have at least 3% of the home’s purchase price for a down payment. You’ll also want to have between 2% and 5% of the purchase price for closing costs – even for no-down-payment loans, such as VA loans.

Can I use National Home Buyers Assistance Program® to get a preapproval letter?

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®.

Can I use National Home Buyers Assistance Program if I already have a purchase agreement?

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.

What kind of loans can I get with National Home Buyers Assistance Program?

National Home Buyers Assistance Program® recommends loans you may be eligible for based on the information you provide through a loan office.

Expert advice is at your fingertips.

Connect With Our Top Producers

A new home or mortgage savings could be just a few screens away. Get started now – no commitment involved.

A loan officer await you..

Get started now – no commitment involved.

Are you looking to purchase or refinance a home?