I was told by a rep with the city of Raleigh that the city doesn't require a minimum credit score for the $20,000 down payment assistance program

Asked by noelsluv, Raleigh, NC Mon Jul 9, 2012

but the participating lenders would have their own criteria. I had a loan officer at one bank tell me the minimum score for NCHFA funds was 650. An officer at another bank had a lower minimum score. I specifically asked both about the $20,000 program. The first officer seemed to steer me away from down payment assistance and pushed FHA "because it was a better loan". From what I've read, the NCHFA and $20,000 down payment assistance seem to be two different programs. Can anyone clarify this for me?

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Thomas Bohlm…, Agent, Rolesville, NC
Mon Jul 9, 2012
Best to go straight to the source. http://www.nchfa.com/

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