Lenders must be approved by U.S. Bank HFA Division to participate in the REI Home100 Program. US Bank serves as the Master Servicer and purchases the loans associated with the …
REI Down Payment Assistance sends the first mortgage interest rates daily on a rate sheet email and posts on the lender portal at www.reihome100.org by 9:00 A.M. Central Time. Should you …
Continue reading “What are the first mortgage interest rates?”
No, there is no first-time homebuyer requirement. Please see the program summary via the link at the bottom of the page for more detailed information.
Lenders should be able to close a loan with the REI Home100 Program in the same amount of time it takes to close a traditional mortgage loan.
No, you cannot use the REI Down Payment Assistance on loans for manufactured housing.
No, the borrower must utilize the gift on their primary residence.