For our DPA on government loans, we have multiple options in the form of both a gift and an amortizing 2nd mortgage. Please see options below: Option 1A – Gift: …
Government Options 1A & 1B: No, the borrower is not required to pay back the gift upon sale or refinance; it is a true gift to the borrower. Government Option …
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We offer a 30 year fixed rate loan with down payment assistance on the following loan products: FHA – 203(b), 234(c) & 203ks (lenders must have an additional approval from …
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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 …
Government Option 1A and 1B (FHA & VA) : QUALIFYING income must not exceed Program Government Limits. Click the links at the bottom of the page to see the income …
Seller concessions are allowed as determined by the First Mortgage Program selected.
Homebuyer education is recommended, but not required.
Loans may be underwritten through an automated underwriting System (DU or LP) – Rural Development Loans (GUS). Source of funds should be Non-Seller funded Non-Profit (not a government agency) Automated …
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