Who funds the DPA?

  • REI will wire the Gift Funds to title 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 Stage 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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