FAQ Topic: Lender
What mortgage programs are available?
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Do borrowers have to be first-time homebuyers?
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How much assistance can a borrower get?
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How do my borrowers apply?
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What is the minimum credit score?
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What are the income limits?
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Do you look at a borrower’s assets?
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Can borrowers combine this with other programs?
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Can HomeNow borrowers apply for a Mortgage Credit Certificate (MCC)?
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How Does MCC Work?
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Can HomeNow be used for new construction?
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Will borrowers face a penalty if they pay-off their loan early?
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Are borrowers required to take home buyer education classes?
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Are there any additional fees with this program?
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Are there any tax implications for the borrower?
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When should I lock the interest rate and reserve down payment assistance funds for my borrower(s)?
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Is there a limit to the amount of funds available?
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Am I a qualified lender?
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How is the program funded?
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