Maximum Loan Amount

• Up to $647,200

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Property Type (limitations on non-occupied borrowers)

• Single family home

• Townhouse

• Condo*

• Modular home

• Manufactured home*

         *Restrictions apply

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Credit Score/Credit History

• 640+ with no late payments or collections accounts in the past 36 months

 

100% Financing Programs

• No down payment

• No private mortgage insurance

• No pre-payment penalty

• Low and no interest rate 2nd mortgage

 

Downpayment Assistance Program

• Income must be able to support housing expenses and reported debt

• Low or no interest rate, fixed 2nd mortgage*

• Some programs have forgivable 2nd mortgage*

• Money can be used for downpayment and closing costs*

• DACA borrowers allowed

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Closing Cost Options (options are dependent on credit scores)

• Borrower paid closing costs

• Seller paid closing costs

• Lender paid closing cost

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Restrictions

• Owner occupied only

• Can not currently own a home

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