#1 Problem for would-be homebuyers?

Downpayment & closing costs!

Nations Lending recognizes that for most people the primary barrier to homeownership is not income or credit, but rather the down payment and closing costs.

Worried about

income ?

If you can afford to pay rent, you may be able to afford a mortgage payment

Concerned about your credit?
Most people manage their debts, and we may be able to help if you’ve had a bump in the past and need a re-set.
Downpayment & Closing Costs
The primary perceived barrier to homeownership is the thought of saving up for the down payment and closing costs. It can seem overwhelming. To address this challenge, we have identified and can help you secure help in the form of grants, access no-downpayment financing options, and tap into local and regional down payment community assistance programs.

National Down Payment Assistance Programs

There are a number of national financing programs that may get you into a home with little to no downpayment whatsoever no matter where you may live. Nations Lending can help you navigate the maze and find the programs you qualify for and are a best fit to your needs.

1st Generation Homebuyers

There is a unique subset of homebuyer assistance programs geared specifically for individuals that are first generation homebuyers-you may qualify if you and your parent(s) have never owned a primary residence or lost a home in foreclosure. Nations Lending is dedicated to empowering first-generation homebuyers because homeownership remains the clearest path to building generational wealth for you and your family. Through strategic partnerships with regional and statewide initiatives, Nations Lending has established a comprehensive suite of programs tailored specifically for first generation buyers, with as much as $53,000 in interest free and forgivable loans and closing cost assistance.

Local Down Payment Assistance:

Many lenders–and homebuyers–are not aware of the large number of local community sponsored downpayment assistance programs. These funds are typically made available by city or county agencies to encourage homeownership. There are literally dozens of these programs and each has their own unique features and we can help you access these funds.

Working with buyers on their credit:

Nations Lending understands you may have concerns about your credit or simply not sure what your credit might look like or how to best improve it. We take a proactive approach to help borrowers understand their credit profile at no cost or obligation. The best time to review your credit is before you need financing so we have time to work on your credit profile and score together to ensure you get the best financing terms possible. We offer tailored advice and strategies to improve your credit. 

For more details reach to a Personal Mortgage Advisor:

ANNMARIE MORROW

Sales Manager | NMLS# 449214

(C) 701-741-7435 | [email protected]

Apply Now

Loan Types

FHA

Details

FHA loans are designed with the first-time home buyer in mind. It allows for little money down, lower closing costs, and an easy-to-meet credit score requirement.

It makes for the perfect type of loan to meet the needs of buyers from all walks of life.

FHA Loans Offer:
• Minimum down payment of only 3.5%
• Credit score as low as 500*
• Flexible debt-to-income ratios
• 100% of down payment and closing costs can be a gift
• Flexible reserve requirements
• Up to 6% seller contributions towards closing costs and pre-paid items

We Offer:
• Purchase loans
• Rate-term refinancing
• Cash-out refinancing
• Streamline refinance
• 203(h) - Mortgage Insurance for Disaster Victims

FHA

1st Time Buyers

Details

We help everyone with their housing goals, including the all important First-time homebuyer. Highlights and benefits for these first-timers are riddled throughout our product array, and they include:

We offer:
• Low down payment options
• Eligible sources of funds include gift funds from eligible sources
• DPA assistance that may be available in your local markets
• Zero down payment options for VA and USDA buyers
• Reduced Mortgage Insurance requirements for certain programs
• FICO scores as low as 500 on certain products

1st Time Buyers

Conventional

Details

We are an approved Fannie Mae and Freddie Mac seller and offer the best fixed and adjustable-rate loans for your home buying needs. As long as you meet the minimum requirements with down payment and credit score, we can help you secure the home of your dreams today!

We offer:
• Purchase loans
• Rate-term refinancing
• Cash-out refinancing

Conventional

Jumbo

Details

Our jumbo loans are a solution for borrowers who want to go big with the dream of primary homeownership, as well as securing a 2nd or vacation home.

This jumbo loan product also supports a lower-than-industry average required down payment -perfect for those buyers who want to keep more cash in the bank – with all the benefits exceeding those of a conforming loan.

We Offer:
• Purchase, no cash-out refinance and cash-out refinance
• All occupancy types
• Loans to $2M
• Jumbo AUS
• Non-Warrantable Condos
• No Mortgage Insurance
• First-time homebuyers permitted
• Blended ratios

Jumbo

VA

Details

VA home loans are offered to our country’s bravest men and women. No one knows the comfort of their home more than those who served and that’s why we’re proud to offer loans to our nation’s heroes.

Find the perfect place to kick off your boots with 100% financing available or explore interest rate reductions or cash out refinance options.

We Offer:
• Purchase loan
• Cash-out refinancing
• Interest Rate Reduction Refinance Loan (IRRRL)

VA

USDA

Details

Get a home loan with up to 100% financing

Whether you are an experienced or a first-time homebuyer, you may be able to qualify for a USDA home loan with no money down! These government backed loans are perfect for families and individuals interested in purchasing homes in rural communities. Ask your personal mortgage advisor if this is the right loan for you!

We Offer:
• Purchase
• No cash-out refinance
• Streamline Refinance
• Simple Refinance

USDA

Programs and products are available as of 11/24/2024 and may not be available in the future.
BRANCH NMLS. 2516083 | 3001 32ND AVE S STE 1A GRAND FORKS, ND 58201 | 844-375-2122

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