TULSA, OK, August 23, 2013 – Gateway Mortgage Group, a privately held mortgage company offering originations, servicing and correspondent lending, announced that the company has partnered with National Homebuyers Fund, Inc. (NHF) to offer the NHF Sapphire grant and down payment assistance program. Gateway is one of only five lenders to offer the unparalleled nationwide program.
The down payment assistance program provides a non-repayable grant and was created to help homeowners offset the highest one-time costs associated with buying a new home – down payment and closing costs. The grant can total up to 5% of the new home’s total value, with no limit on the sales price of the home. “NHF Sapphire is a perfect match for our mission of strengthening communities through homeownership,” said Scott Henley, chief production officer. “This program will help make the road to homeownership more accessible for our customers across the nation.”
“NHF Sapphire is a perfect match for Gateway’s national footprint, which now covers more than 35 states,” said Elizabeth Robertson, director of bond programs at Gateway. “We are excited to add this program to our product offerings. NHF Sapphire is another way Gateway can stand apart from other mortgage lenders with both our customers and referral partners.”
Additionally, the NHF Sapphire program does not come with first-time homebuyer requirements and it’s available to qualified buyers with a FICO score over 620. National Homebuyers Fund, Inc. (NHF) is a non-profit public benefit corporation and Instrumentality of Government under Internal Revenue Service code section 115.
Gateway now offers the program in all of its Mortgage Centers other than Oklahoma and Texas.
Founded in 2000, Tulsa, Okla.-based Gateway Mortgage Group LLC is a complete end-to-end mortgage banking firm that specializes in originations, servicing, and correspondent lending. The company services over $9.0 billion in residential mortgages. For more information about Gateway, visit www.GatewayLoan.com.