NAF Pathway Program (No AMI Restrictions)
We’re excited to introduce the NAF Pathway Program, a fantastic opportunity for builders to sell more homes by offering special financing options and up to $8,500 in assistance toward closing costs and pre-paids. This program is tailored for First Time Homebuyers purchasing homes in designated areas across the U.S., with no income limits. The $6,000 assistance can help offset builder concessions and be used towards closing costs or buying down the interest rate.
How to Check Eligibility
Use the Pathway Look-Up Tool to see if your community qualifies for the NAF Pathway Program. If the property is shaded in yellow on the map, it qualifies. If not, it is ineligible.
The link that needs to work when clicking “Pathway Look-up Tool” above – https://hub.collateralanalytics.com/correspondentsearch
Key Program Highlights
- Eligible Property Types
- Primary Residence only (1 Unit/SFR)
- Condos, PUDs, Attached, and Detached units are allowed
- Ineligible: Condotels, Non-Warrantable Condos, Manufactured Homes, and agricultural properties
- Ownership Restrictions
- Occupant borrowers cannot own any financed 1-4 family properties at the time of loan closing
- First Time Homebuyer Requirement
- At least one occupying borrower must be a First Time Homebuyer and purchase a primary residence within an eligible Census Tract, located in a designated Metropolitan Statistical Area (MSA)
- Property Eligibility
- Verify property eligibility with the Pathway Look-Up Tool. A property qualifies if it is shaded in yellow on the map.
NAF Pathway HOME Program (No AMI Restrictions)
We’re excited to introduce the NAF Pathway HOME Program, a Conventional fixed-rate mortgage offering up to 97% LTV with NO Mortgage Insurance (MI). This program is available to both First Time and Repeat Homebuyers purchasing homes in designated areas across the United States.
This is another great tool we offer here at NAF. This program allows buyers to put as little as 3% down with no mortgage insurance saving thousands a year and making it easier to qualify when the Debt-to-Income ratios (DTI) are tight.
Please call or email to support@nafbuilder.com to see if your community qualifies.