Program Description

The "Homes for Heroes" program is a campaign to increase Homeownership opportunities for our local heroes through outreach and a line of mortgage products to easily meet the home financing needs of:

• Teachers (& other school district employees)
• Health care workers 
• Police, and other sworn officers
• Firefighters
• Veterans and Reservists

MORTGAGE PRODUCT Options

Community Solutions/Neighborhood Solutions

• No and low down payment options
• Higher qualifying ratios  
• Source of funds flexibility
• Flexible credit standards
• Temporary buydowns allow buyer to be qualified at the brought down rate

My Community/Home Possible

• No and low down payment options
• Only $500.00 borrower investment required
• Boarder income may be used to qualify

FHA Loans

• More flexible credit requirements than conventional loans
• All cash for down payment and closing may come from a gift
• Non-occupying co-borrower may help to qualify

VA Loans

• No money down
• No minimum credit score
• Higher qualifying ratios
• No payment reserves required
• Gift funds may be used for closing costs
• No income limits

National Dream. My Dream My Home. It's that simple.

• Income from secondary unverifiable sources or income from a boarder may be used to qualify
• Using a non-occupying co-borrower to help qualify
• Zero or low down payments
• Using alternative credit sources
• Higher qualifying ratios
• Sellers may contribute 6%, instead of just 3%
• Minimum credit score of 580

OptionsPlus+/NCM Nonprime

• 00% financing available, no cash reserves required

For more information, contact Tim Moffitt at Tim.Moffitt@NCMC.comor 614-276-LOAN.