What expenses can I use the NeighborhoodLIFT down payment assistance funds to cover as part of my purchase of a home?

NeighborhoodLIFT down payment assistance funds may be used for any eligible purpose including closing cost assistance, down payment assistance, or borrower minimum out-of-pocket investment if allowed by the first mortgage loan program. NeighborhoodLIFT funds may cover the closing costs or out-of-pocket requirements of a FHA first mortgage or other type of first mortgage loan, however for a FHA mortgage the borrower must still provide their own 3.5% down payment.  You should consult directly with your first mortgage lender and NHS of Greater Berks to determine how NeighborhoodLIFT program funds may be used in connection with your home purchase.

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