For our DPA on conventional loans, we have multiple options in the form of a gift, forgivable 2nd mortgage, and amortizing 2nd mortgage. Freddie Mac HFA Advantage: Option 1A – …
The assistance the borrower receives with the Freddie Mac HFA Advantage loan is a gift and does not have to be repaid. The assistance the borrower receives with the Fannie …
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We offer a 30 year fixed rate loan with down payment assistance on the following conventional loan products: Fannie Mae HFA Preferred up to 97% LTV Freddie Mac HFA Advantage …
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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 …
The borrower’s qualifying income must not exceed Program Income Limits. Click the links at the bottom of the page to see the income limits. Lenders will be responsible for ensuring that …
1 ‐2 Units Condos and Townhomes – Condos must be approved by US Bank Home Mortgage HFA Division Manufactured Housing is permitted (multi-section only) Refer to the US Bank HFA …
1‐ 2 Units primary residence Condos & Townhomes approved by US Bank Home Mortgage’s HFA Division Manufactured Housing is permitted (multi-section only) Refer to the US Bank HFA Lending Guide …
3% maximum for CLTV greater than 90% 6% maximum for CLTV less than or equal to 90%. May be used for closing costs and/or single or split MI premiums
Required if all borrowers are first-time homebuyers, at least one borrower must complete pre-purchase homebuyer education and counseling. The following courses listed are acceptable: REI Homebuyer Education through EHome America, …
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Fannie Mae HFA Preferred DU finding of approve/eligible and meet all other guidelines listed in this Program Summary. (HFA Preferred is available through DU using the “Additional Data Screen – …
Freddie Mac HFA Advantage LP finding of Accept/Eligible and meet all other guidelines listed in this Program Summary. (Offering Identifier: HFA Advantage (LPA v5.0.06 or higher Home Possible Advantage for …
Arch Essent Enact MGIC National MI Radian
Borrower Paid – monthly with annual renewal Split Premium Single Premium ****Base loan plus financed MI cannot exceed 97% LTV.****