FHA – NHF grant loan

QuestionsFHA – NHF grant loan
Tristan Schilling asked 5 years ago

Trying to buy a house in Massachusetts.

 

Lender got back to me with:

 

FHA 3.5% down due to lack of downpayment.

NHF Platinum Grant at 5%.

4.375% rate

$ 250,000 loan

 

Trans Union score 802

Equifax 771

Esperian 768

 

I make decent money so making the payments is no issue (currently rent a condo) but was in shock after seeing that the NHF Grant raises the rate by .5. 

 

Anyone else do FHA with NHF grant?

 

Not many lenders I have contacted deal with the NHF Grant. 

 

What do you think? 4.375% good? for this type of loan? 

 

With FHA you get 5% from the NHF for down payment/closing costs. 

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