Writing an FHA and Nehemiah Program Offer: Structuring the Purchase Agreement

These are the instructions for writing an FHA and Nehemiah offer.

First and foremost, the seller must pay the tax service fee of $81.00.

Check the FHA Loan box.

Page 1:

If asking the seller to pay for a closing cost credit FHA allows a 1-6% closing cost.

“Seller to contribute 3% for non-recurring and recurring closing costs.”

If asking the seller to contribute toward the Nehemiah Program the seller can be asked to contribute up to 6% plus a $599 processing fee for re-sell (Short Sale and Foreclosure) properties and $399 for new construction.

“Seller to contribute 3% of the sales price toward the Nehemiah Program plus $499 processing fee.”

Page 6: Other financing terms (line 24)

“The seller is aware the homebuyer is receiving downpayment assistance through the Nehemiah program as set forth in the related Participating Home Agreement.”

Addendum – Participating Home Agreement to be completed and submitted with the offer.

0. Print the attached Participating Home Agreement to complete and
submit with offer.
1. Calculate the percentage of downpayment assistance requesting
1-6%. Typically 3%.
2. Add the processing fee. $499 for re-sell properties and $399 for
new construction.
3. Add the two dollar amounts together for a total dollar amount due
to the Nehemiah Corporation of America.

FHA Direct Endorsement

Dear Friends and Family,

I’d like to take a minute and let you know how the company I work for is staying competitive in this ever-changing market. I’ve found recently that FHA loans are one of the fastest growing loan programs in the market today. I am helping families buy homes with little to no money down. Zero to 3% down is still a possibility even in this difficult market.

Franklin Loan Center has just completed its FHA Direct Endorsement approval process. This means I am now able to process, underwrite, approve, draw loan documents, and fund FHA loans IN-HOUSE with my Team!!! FHA 30 days or less!! This means you get the house you want at low interest rates and payments with my no-hassle loan close guarantee.

The reason I share this with you is because we’ve you may have a friend, co-worker, or family members who have been thinking about buying a house. Let me know if I can help with my FHA program and expert knowledge.

By the way, I am never too busy for any of your FHA Lending Needs.

Happy New Year!

Happy New Year!

Well I’d say it’s about time… this week we are watching the geo-political environment with the assassination of Pakistani opposition leader Benazir Bhutto. This is a great example of external forces and their effect on mortgage market. After loosing some ground in mortgage bonds earlier in the week we are back above the 50-day moving average which is good for pricing. New home sales were reported at 647,000 which came in less than expected at 715,000. This could also be a result of home sales which are typically a bit slower before the holidays.

Keep in mind this information is nationally based. There has been a pick up in loan applications and I hear a buzz in the market regarding contracts flying about. Have a VERY Happy New Year, be SAFE, and I look forward to speaking with you soon!


Oh by the way, I’m NEVER too busy for any of your purchase or refinance mortgage referrals and I’ll be sure to treat them like family.