Why was my application declined for The NHBA?
Why was my application declined for The NHBA?
What NHBA is trying to determine is whether you would be able to purchase a home in the program in 24-months or less with our help. About 80% of applications are accepted and the most common reasons for an application to be declined are a foreclosure within the preceding 12-months, or current monthly debt payments which exceed 27% of your income.
Who is the National Home Buyer’s Alliance ( NHBA )?
NHBA has a passion for those who work hard to achieve, but are kept down by circumstances that often are beyond their control. Contact National Home Buyer’s Alliance today and let us help you into the home of your dreams.
Can you get a better deal with NHBA?
NHBA client reps are professionals at removing, improving, and settling debts. Finally, when you consider in that NHBA helps cover your closing costs it is impossible to get a better deal. The closing costs alone are often twice what you will have paid to NHBA.
What happens when a company closes for 13 days?
After the 13 days, if it becomes clear to the employer that the temporary layoff will be permanent, employees are entitled to severance pay instead of notice. In the event of temporary closures and layoffs, employers are not required to continue benefits to employees.
If you’ve answered “Yes!” to any of the above questions, then you could benefit from the National Home Buyer’s Alliance (NHBA) program. NHBA specializes in home ownership for the credit-challenged as well as those who don’t have enough money for their down payment and closing costs.
What NHBA is trying to determine is whether you would be able to purchase a home in the program in 24-months or less with our help. About 80% of applications are accepted and the most common reasons for an application to be declined are a foreclosure within the preceding 12-months, or current monthly debt payments which exceed 27% of your income.
NHBA client reps are professionals at removing, improving, and settling debts. Finally, when you consider in that NHBA helps cover your closing costs it is impossible to get a better deal. The closing costs alone are often twice what you will have paid to NHBA.
Can you buy a home with a NHBA loan?
Yes, there are certain homes that cannot be purchased through the NHBA program and most are listed below. Build Job – To build you own home you need a construction loan which generally requires perfect credit and a large down payment. New homes which are already built can be purchased in the NHBA program.