Who funds the DPA?

  • REI will wire all gift and forgivable 2nd Mortgage funds to the title company prior to closing upon approval of the Funding Request Stage in the Lender Portal
  • The Lender will fund the amortizing 2nd mortgage funds prior to closing upon approval of the Funding Request State in the Lender Portal and service the 2nd mortgage until US Bank purchases the 1st and 2nd Mortgage from the lender.

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