Please review the program summary via the link at the bottom of the page for compensation, loan fees, and purchase requirements.
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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The down payment assistance is based on a percentage of the total first mortgage loan amount. The type of assistance provided depends upon the conventional first mortgage loan type as …
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 …
The borrower’s qualifying income must not exceed Program Income Limits. The Freddie Program offers an under 80% of Area Median Income Option and an over 80% of Area Median Income option (See …
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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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.****
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
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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