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Mortgage and down payment assistance loans for non-first-time homebuyers.

NEXTHome

NEXTHome is a combination first mortgage loan and down payment assistance second loan that is available to first-time and non-first-time homebuyers. Here are some quick facts about the NEXTHome program:   

  • NEXTHome's first mortgage loan works with FHA, VA, USDA and HFA Preferred Conventional mortgage loans.
  • NEXTHome's down payment assistance second mortgage loan is 3 percent of the first mortgage loan amount. It may be used to finance down payment and closing costs, including pre-paid items.
  • The second loan may be forgiven if certain conditions are met.
  • Borrowers are eligible to use NEXTHome if they earn less than $91,000 annually.
  • The sale price of the home must not exceed $340,000.
  • Borrowers must contribute $500 from their own funds. The contribution cannot come from any type of gift, grant or down payment assistance

 

For more information about the NEXTHome program, click here to download a factsheet. 

Fact Sheets

MFA Non-Fillable Fact Sheets

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MFA Fillable Fact Sheets

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Current Rates

Current interest rates

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Mortgage Calculator

Use a mortgage calculator to find out what price home you can afford using a FHA or Conventional loan and how much your payments will be. 

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