Everyday Hero Housing Assistance Fund
Wondering if anyone has used EHHAF (Everyday hero housing assistance fund)? I was approved for their program to help pay for closing costs and they seem legit. However they only work with certain mortgage lenders and the one they paired me with gave me a higher rate than I would get with Rocket Mortgage. I think the goal is to help you pay almost $0 in closing costs but some of that is supposed to come through concessions. Our relator didn’t get us any concessions and we are paying 100% closing costs. When I asked the program if they could give me a rough estimate on how much they will help me with, they continue to say I won’t know nor will I get the money until after the transactions goes through. I even asked if they could give me a range of what I could get but with the understanding it’s not guaranteed but they still said no. With Rocket Mortgage, I’ll save over $4,000 in the first 5 years compared to the interest rate I’ll get with the programs approved lender. However, I don’t know if this savings with Rocket Mortgage will be more or less than what I will get back from EHHAF after closing on the home. Can anyone give insight into the program? I guess I’m not sure if they are truly helping us everyday hero’s if we could get screwed over with a higher interest to maybe get less back in funds to help you get back some of what you paid in closing costs.