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HART DOWNPAYMENT GRANTS
The Housing Action Resource Trust (HART) program is a non-profit housing organization offering down payment assistance for home buyers qualified for FHA "first mortgage" loans. If you have pre-approval for an FHA loan or an existing FHA loan you qualify for HART. This program requires good credit and a solid employment history. If you have both, but lack the money for a down payment and/or closing costs, HART is for you;
- Make an offer on a home from a participating seller.
- Tell your loan officer you want to buy the home using the Housing Action Resource Trust program.
- Your loan officer applies to HART on your behalf.
- Your loan officer will let you know when funds are scheduled to be transferred in your name for the down payment and/or closing costs.
Most down payment assistance programs, including HART, require the seller to participate and pay a fee. If your seller has not signed up but wants to participate, ask your loan officer or realtor to explain how the seller may register with the House Action Resource Trust.
Additional Information:
Since the this program uses many of the same items needed for an FHA loan,
we suggest that you familiarize yourself with all the characteristics of FHA loans by
going to FHA Loan Program: Important Facts and then apply online.
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