Intriguing NHF Down Payment Grant

[Anna W.]

I read an article today in another investment type forum about the National Homebuyers Fund Grant. Essentially it's 5% down from some sort of government funding, non profit organization. When I search the BP forum, there's not much on the topic. When I try to do more research on it, I can't find much information on it. Seems like it's offered in all 50 states, but you have to find a participating lender. We are looking for a primary residence mulitfamily/duplex/SFH+adu here on Oahu (we have 3 years rental income and buying/selling duplex experience). Our condo we live in now is on the market and ties up most of our VA entitlement, so would like to sell. If it doesn't sell, we will need to refi to investor loan to free up VA entitlement. Either way, our funding fee is 3.6% if we don't put down 5%. I was thinking this NHF grant, if legit, would be helpful. Would love to hear why you'd recommend it or not, if it's legit or not, sold to someone that used it, etc. Thanks!