Sorry, you need to enable javascript to visit this

URGENT NOTICE: Relief Available for Homeowners Affected by Hurricanes and Other Disasters. Learn More ›

Neighborhood Stabilization Program

Many state and local housing authorities offer financing programs that can assist you with the down payment and purchase of your new home. The federal government’s Neighborhood Stabilization Program (NSP) provides homebuyer funds through special financing programs.

Fannie Mae supports these public funds programs and offers additional assistance to those homebuyers and public entities (i.e., nonprofit agencies) purchasing a HomePath property (Fannie Mae-owned).


Benefits Include

For more information, visit or call the Fannie Mae Resource Center at 1-800-2FANNIE.

  • Fannie Mae waives the $500 earnest money requirement for individuals using NSP funds.Once an offer using NSP funds is accepted, buyers have the opportunity to renegotiate the home purchase price after receiving an NSP required Uniform Residential Appraisal value for the property.
  • The standard closing period for a public funds offer is 45 days, which allows time to fulfill the NSP requirements for funding.
  • Buyers using public funds to purchase a home can do so without competition from investors during the First Look marketing period (typically the first 15 days that the home is on the market).

Beware of Scams

Learn how to identify and avoid scam artists who promise immediate relief from foreclosure.

Find out more »


Find the answers to common questions concerning your mortgage and the various options to avoid foreclosure.

Find out more »


Visit our glossary of key terms to increase your understanding of the foreclosure options available.

Find out more »