LENDING SERVICES

As a federally certified Community Development Financial Institution (CDFI), NHSNYC offers affordable loans for the purchase of homes, down payment and closing costs assistance, refinancing, and home improvements. Eligible properties include 1-4 family, multi-family (up to 20 units), condos, and cooperatives (including Mitchell-Lama and HDFCs) within the New York metropolitan area. Minimum required FICO score of 620.

To apply, contact Marita Bankhead at 212-519-2534 or email: lending@nhsnyc.org.

LENDING

Refinance/Purchase Money

  • 105% Total Loan-to-Value Max
  • Minimum Loan Amount $20,000
  • Minimum 620 FICO
  • Up to 30-Year Fixed Rate term
  • Income Based or Census Tract Based

Down Payment Closing Costs Loan

  • Up to $65,000 Max
  • Up to 15-Year Term
  • 95% Total Loan-to-Value Max
  • Minimum 620 FICO
  • Income Based or Census Tract Based

Down Payment Closing Costs Grant

  • Up to $10,000 Max
  • 5-Year Term
  • Minimum 620 FICO
  • NHSNYC Purchase Money financing required
  • Income Based or Census Tract Based

REHAB

Rehab

  • 95% Total Loan-to-Value Max
  • Minimum Loan Amount $20,000
  • Minimum 620 FICO
  • Up to 20-Year Fixed Rate term
  • Income Based or Census Tract Based

NHS and AHC 60/40 Grant Rehab

  • 95% Total Loan-to-Value Max
  • Minimum Loan Amount $20,000
  • Minimum 620 FICO
  • Up to 20-Year Fixed Rate term
  • Grant Amount Up to 60% of the Total Rehab Cost (Max Grant $35,320)

Income Based or Census Tract Based

  • New York (Manhattan) / Brooklyn / Bronx
  • Rehab-Debt Consolidation
  • 95% Total Loan-to-Value Max
  • Minimum Loan Amount $20,000
  • Minimum 620 FICO
  • Up to 20-Year Fixed Rate term
  • Debt Consolidation up to 30% of the Total Loan Amount
  • All debts must be paid in full/closed out
  • Income Based or Census Tract Based
  • Financial Counseling required
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