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(193, 1, '2013-09-16 14:29:26', '2013-09-16 14:29:26', '<strong>REI CHOICE100</strong> - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.\r\n\r\nYou can also use this program for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Lenders:</strong> You may use the lender of your choice, if they are approved for the REI Choice100 program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on qualifying income (link to income limits).\r\n\r\n<strong>Credit Score:</strong> Minimum credit score of 680.\r\n\r\n<strong>Mortgage Insurance:</strong> Required coverage amount is lower than normal My Community Mortgage loans.\r\n\r\n<strong>First Time Homebuyer:</strong> You do not have to be a first-time homebuyer for this program.\r\n\r\n<strong>Homebuyer Education:</strong> If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.', 'Choice 100', '', 'inherit', 'open', 'open', '', '171-revision-v1', '', '', '2013-09-16 14:29:26', '2013-09-16 14:29:26', '', 171, 'http://reidownpayment.org/171-revision-4/', 0, 'revision', '', 0),
(194, 1, '2013-09-16 14:36:52', '2013-09-16 14:36:52', '<strong>REI CHOICE100</strong> - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.\r\n\r\nYou can also use this program for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Lenders:</strong> You may use the lender of your choice, if they are approved for the REI Choice100 program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on qualifying income.\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Bond-Program.pdf\">2013 Area Median Incomes - Bond Program</a>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Choice-100-Program.pdf\">2013 Area Median Incomes - Choice 100 Program</a>\r\n\r\n<strong>Credit Score:</strong> Minimum credit score of 680.\r\n\r\n<strong>Mortgage Insurance:</strong> Required coverage amount is lower than normal My Community Mortgage loans.\r\n\r\n<strong>First Time Homebuyer:</strong> You do not have to be a first-time homebuyer for this program.\r\n\r\n<strong>Homebuyer Education:</strong> If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.', 'Choice 100', '', 'inherit', 'open', 'open', '', '171-revision-v1', '', '', '2013-09-16 14:36:52', '2013-09-16 14:36:52', '', 171, 'http://reidownpayment.org/171-revision-5/', 0, 'revision', '', 0),
(195, 1, '2013-09-16 14:37:31', '2013-09-16 14:37:31', '<strong>REI CHOICE100</strong> - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.\r\n\r\nYou can also use this program for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Lenders:</strong> You may use the lender of your choice, if they are approved for the REI Choice100 program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on qualifying income.\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Bond-Program.pdf\">Bond Program</a>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Choice-100-Program.pdf\">Choice 100 Program</a>\r\n\r\n<strong>Credit Score:</strong> Minimum credit score of 680.\r\n\r\n<strong>Mortgage Insurance:</strong> Required coverage amount is lower than normal My Community Mortgage loans.\r\n\r\n<strong>First Time Homebuyer:</strong> You do not have to be a first-time homebuyer for this program.\r\n\r\n<strong>Homebuyer Education:</strong> If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.', 'Choice 100', '', 'inherit', 'open', 'open', '', '171-revision-v1', '', '', '2013-09-16 14:37:31', '2013-09-16 14:37:31', '', 171, 'http://reidownpayment.org/171-revision-6/', 0, 'revision', '', 0),
(196, 1, '2013-09-16 14:18:57', '2013-09-16 14:18:57', '<img class=\"alignright\" alt=\"homebuyers-pic-1\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" width=\"348\" height=\"348\" />Do you have a good job and the ability re-pay a loan, but have not been able to save for the down payment and closing costs on a home.  REI Down Payment Assistance can help!\r\n \r\nOur Market Rate Program is structured to help low-moderate income borrowers through a program that provides you with a First and Second Mortgage.  The Second Mortgage allows you to borrower the funds required for your down payment and closing cost assistance.\r\n \r\n \r\nProgram Highlights:\r\n \r\nLenders:  You may use the lender of your choice, if they are approved for the REI DPA program.  Many lenders throughout the state are approved.  If you come across a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n \r\nStructure:  This is a First and Second Loan Program offering financing to low-to-moderate income individuals and families in Oklahoma.\r\n \r\nFirst Mortgage Loan Types:   FHA, HUD 184, and Rural Development\r\n \r\nFirst Mortgage Rates:  First Mortgage rates are set daily.  \r\n \r\nStructure of Assistance:  Borrower is entitled to borrow from REI DPA an amount equal to 5%, 6%, or 7%, of the first mortgage total loan amount.  The assistance will be in the form of a Second Mortgage at 7.375% fixed rate for 20 years.  There is no pre-payment penalty on the Second Mortgage.  Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n \r\nIncome Limits:  Income limits apply based on household income (link to income limits for FHA & HUD 184).  Rural Development standard income limits apply.\r\n \r\nCredit Score:  Minimum 620 credit score.\r\n \r\nSeller Contributions:  Allowed up to first mortgage loan program maximum guidelines.\r\n \r\nFHA Loan Example: (attached) The example below assumes a $105,000 loan at an interest rate of 3.5% amortized for 30 years.  The first part of the chart will show you the total payment you could expect on this loan with the REI second mortgage.  As you can see, the payments for the Second Mortgage are minimal due to the 20 year amortization.  You can also prepay this loan at any time, thus reducing your monthly payment.\r\n \r\nThe second portion of the chart shows the borrowers out of pocket expenses at closing.  It assumes the same loan as above, with the Seller paying 3% of the borrowers closing costs.  The amount due from the borrower is lessened based on the size of the Second Mortgage.\r\n \r\n<a style=\"color:red; text-decoration:underline;\" title=\"Contact\" href=\"http://reidownpayment.org/?page_id=10\">Contact us</a> for more information about this program.\r\n\r\n&nbsp;', 'Home Buyers', '', 'inherit', 'open', 'open', '', '6-revision-v1', '', '', '2013-09-16 14:18:57', '2013-09-16 14:18:57', '', 6, 'http://reidownpayment.org/6-revision-27/', 0, 'revision', '', 0),
(197, 1, '2013-09-16 14:44:42', '2013-09-16 14:44:42', '<blockquote>\r\n<div lang=\"EN-US\">\r\n\r\nHomebuyer Page – will have two links\r\n\r\nREI Down Payment Assistance has created two different programs to meet your down payment and closing cost assistance needs. The programs are developed for people that have good jobs and the ability to re-pay a loan, but have not been able to save for the down payment or closing costs on a home.\r\n\r\nREI Market Rate Program - Closing Cost Assistance for Government Loans\r\n\r\nThe REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nClosing costs associated with a home loan include title fees, pre-paid costs, escrows, lender fees, and mortgage insurance or guarantee fees charged by the governmental program.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n\r\nSecond Mortgage: The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nLenders: You may use the lender of your choice, if they are approved for the REI Market Rate Program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\nIncome Limits: Income limits apply based on household income (link to income limits for FHA &amp; HUD 184). Rural Development standard income limits apply. Please email the Market Rate Income limits to Marla.\r\n\r\nCredit Score: Minimum credit score of 640\r\n\r\nFirst-Time Homebuyer: You do not have to be a first-time homebuyer for this program.\r\n\r\nFor Example: Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs. See chart below: We need to work on a new chart for this program. Jeremy please redo the FHA example that fits the new structure. We will probably need to assume a higher rate like around 5% on the first mortgage.\r\n\r\nREI CHOICE100 - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.\r\n\r\nYou can also use this program for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\nSecond Mortgage: The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nLenders: You may use the lender of your choice, if they are approved for the REI Choice100 program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\nIncome Limits: Income limits apply based on qualifying income (link to income limits). Jeremy please email Choice100 income limits to Marla\'\r\n\r\nCredit Score: Minimum credit score of 680.\r\n\r\nMortgage Insurance: Required coverage amount is lower than normal My Community Mortgage loans.\r\n\r\nFirst Time Homebuyer: You do not have to be a first-time homebuyer for this program.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\n\r\nFor Example:\r\n\r\n</div></blockquote>', 'Home Buyers', '', 'inherit', 'open', 'open', '', '6-revision-v1', '', '', '2013-09-16 14:44:42', '2013-09-16 14:44:42', '', 6, 'http://reidownpayment.org/6-revision-28/', 0, 'revision', '', 0),
(198, 1, '2013-09-16 14:45:44', '2013-09-16 14:45:44', '<div lang=\"EN-US\">\r\n\r\nREI Down Payment Assistance has created two different programs to meet your down payment and closing cost assistance needs. The programs are developed for people that have good jobs and the ability to re-pay a loan, but have not been able to save for the down payment or closing costs on a home.\r\n\r\n<a href=\"http://reidownpayment.org/market-rate-program/\">REI Market Rate Program</a> - Closing Cost Assistance for Government Loans\r\n\r\nThe REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nClosing costs associated with a home loan include title fees, pre-paid costs, escrows, lender fees, and mortgage insurance or guarantee fees charged by the governmental program.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n\r\nSecond Mortgage: The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nLenders: You may use the lender of your choice, if they are approved for the REI Market Rate Program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\nIncome Limits: Income limits apply based on household income (link to income limits for FHA &amp; HUD 184). Rural Development standard income limits apply. Please email the Market Rate Income limits to Marla.\r\n\r\nCredit Score: Minimum credit score of 640\r\n\r\nFirst-Time Homebuyer: You do not have to be a first-time homebuyer for this program.\r\n\r\nFor Example: Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs. See chart below: We need to work on a new chart for this program. Jeremy please redo the FHA example that fits the new structure. We will probably need to assume a higher rate like around 5% on the first mortgage.\r\n\r\nREI CHOICE100 - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.\r\n\r\nYou can also use this program for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\nSecond Mortgage: The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nLenders: You may use the lender of your choice, if they are approved for the REI Choice100 program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\nIncome Limits: Income limits apply based on qualifying income (link to income limits). Jeremy please email Choice100 income limits to Marla\'\r\n\r\nCredit Score: Minimum credit score of 680.\r\n\r\nMortgage Insurance: Required coverage amount is lower than normal My Community Mortgage loans.\r\n\r\nFirst Time Homebuyer: You do not have to be a first-time homebuyer for this program.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\nFor Example:\r\n\r\n</div>', 'Home Buyers', '', 'inherit', 'open', 'open', '', '6-revision-v1', '', '', '2013-09-16 14:45:44', '2013-09-16 14:45:44', '', 6, 'http://reidownpayment.org/6-revision-29/', 0, 'revision', '', 0),
(199, 1, '2013-09-16 14:46:40', '2013-09-16 14:46:40', '<div lang=\"EN-US\">\r\n\r\nREI Down Payment Assistance has created two different programs to meet your down payment and closing cost assistance needs. The programs are developed for people that have good jobs and the ability to re-pay a loan, but have not been able to save for the down payment or closing costs on a home.\r\n\r\n<a href=\"http://reidownpayment.org/market-rate-program/\">REI Market Rate Program</a> - Closing Cost Assistance for Government Loans\r\n\r\nThe REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nClosing costs associated with a home loan include title fees, pre-paid costs, escrows, lender fees, and mortgage insurance or guarantee fees charged by the governmental program.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n\r\nSecond Mortgage: The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nLenders: You may use the lender of your choice, if they are approved for the REI Market Rate Program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\nIncome Limits: Income limits apply based on household income (link to income limits for FHA &amp; HUD 184). Rural Development standard income limits apply. Please email the Market Rate Income limits to Marla.\r\n\r\nCredit Score: Minimum credit score of 640\r\n\r\nFirst-Time Homebuyer: You do not have to be a first-time homebuyer for this program.\r\n\r\nFor Example: Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs. See chart below: We need to work on a new chart for this program. Jeremy please redo the FHA example that fits the new structure. We will probably need to assume a higher rate like around 5% on the first mortgage.\r\n\r\n<a href=\"http://reidownpayment.org/choice-100/\">REI CHOICE100</a> - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.\r\n\r\nYou can also use this program for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\nSecond Mortgage: The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nLenders: You may use the lender of your choice, if they are approved for the REI Choice100 program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\nIncome Limits: Income limits apply based on qualifying income (link to income limits). Jeremy please email Choice100 income limits to Marla\'\r\n\r\nCredit Score: Minimum credit score of 680.\r\n\r\nMortgage Insurance: Required coverage amount is lower than normal My Community Mortgage loans.\r\n\r\nFirst Time Homebuyer: You do not have to be a first-time homebuyer for this program.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\nFor Example:\r\n\r\n</div>', 'Home Buyers', '', 'inherit', 'open', 'open', '', '6-revision-v1', '', '', '2013-09-16 14:46:40', '2013-09-16 14:46:40', '', 6, 'http://reidownpayment.org/6-revision-30/', 0, 'revision', '', 0),
(200, 1, '2013-09-16 14:48:33', '2013-09-16 14:48:33', '<div lang=\"EN-US\">\r\n\r\nREI Down Payment Assistance has created two different programs to meet your down payment and closing cost assistance needs. The programs are developed for people that have good jobs and the ability to re-pay a loan, but have not been able to save for the down payment or closing costs on a home.\r\n\r\n<a href=\"http://reidownpayment.org/market-rate-program/\">REI Market Rate Program</a> - Closing Cost Assistance for Government Loans\r\n\r\nThe REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nClosing costs associated with a home loan include title fees, pre-paid costs, escrows, lender fees, and mortgage insurance or guarantee fees charged by the governmental program.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Lenders:</strong> You may use the lender of your choice, if they are approved for the REI Market Rate Program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on household income (link to income limits for FHA &amp; HUD 184). Rural Development standard income limits apply. Please email the Market Rate Income limits to Marla.\r\n\r\n<strong>Credit Score:</strong> Minimum credit score of 640\r\n\r\n<strong>First-Time Homebuyer:</strong> You do not have to be a first-time homebuyer for this program.\r\n\r\n<strong>For Example:</strong> Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs. See chart below: We need to work on a new chart for this program. Jeremy please redo the FHA example that fits the new structure. We will probably need to assume a higher rate like around 5% on the first mortgage.\r\n\r\n<a href=\"http://reidownpayment.org/choice-100/\">REI CHOICE100</a> - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.\r\n\r\nYou can also use this program for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Lenders:</strong> You may use the lender of your choice, if they are approved for the REI Choice100 program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on qualifying income (link to income limits). Jeremy please email Choice100 income limits to Marla\'\r\n\r\n<strong>Credit Score:</strong> Minimum credit score of 680.\r\n\r\n<strong>Mortgage Insurance:</strong> Required coverage amount is lower than normal My Community Mortgage loans.\r\n\r\n<strong>First Time Homebuyer:</strong> You do not have to be a first-time homebuyer for this program.\r\n\r\n<strong>Homebuyer Education:</strong> If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\n<strong>For Example:</strong>\r\n\r\n</div>', 'Home Buyers', '', 'inherit', 'open', 'open', '', '6-revision-v1', '', '', '2013-09-16 14:48:33', '2013-09-16 14:48:33', '', 6, 'http://reidownpayment.org/6-revision-31/', 0, 'revision', '', 0),
(201, 1, '2013-09-16 14:54:20', '2013-09-16 14:54:20', '<div lang=\"EN-US\">\r\n\r\nREI Down Payment Assistance has created two different programs to meet your down payment and closing cost assistance needs. The programs are developed for people that have good jobs and the ability to re-pay a loan, but have not been able to save for the down payment or closing costs on a home.\r\n\r\n<a href=\"http://reidownpayment.org/market-rate-program/\">REI Market Rate Program</a> - Closing Cost Assistance for Government Loans\r\n\r\nThe REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nClosing costs associated with a home loan include title fees, pre-paid costs, escrows, lender fees, and mortgage insurance or guarantee fees charged by the governmental program.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Lenders:</strong> You may use the lender of your choice, if they are approved for the REI Market Rate Program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on household income (link to income limits for FHA &amp; HUD 184). Rural Development standard income limits apply. Please email the Market Rate Income limits to Marla.\r\n\r\n<strong>Credit Score:</strong> Minimum credit score of 640\r\n\r\n<strong>First-Time Homebuyer:</strong> You do not have to be a first-time homebuyer for this program.\r\n\r\n<strong>For Example:</strong> Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs. See chart below: We need to work on a new chart for this program. Jeremy please redo the FHA example that fits the new structure. We will probably need to assume a higher rate like around 5% on the first mortgage.\r\n\r\n<a href=\"http://reidownpayment.org/choice-100/\">REI CHOICE100</a> - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.\r\n\r\nYou can also use this program for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Lenders:</strong> You may use the lender of your choice, if they are approved for the REI Choice100 program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on qualifying income.\r\n\r\n<ul>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Bond-Program.pdf\">Bond Program</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Choice-100-Program.pdf\">Choice 100 Program</a></li>\r\n</ul>;\r\n\r\n<strong>Credit Score:</strong> Minimum credit score of 680.\r\n\r\n<strong>Mortgage Insurance:</strong> Required coverage amount is lower than normal My Community Mortgage loans.\r\n\r\n<strong>First Time Homebuyer:</strong> You do not have to be a first-time homebuyer for this program.\r\n\r\n<strong>Homebuyer Education:</strong> If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\n<strong>For Example:</strong>\r\n\r\n</div>', 'Home Buyers', '', 'inherit', 'open', 'open', '', '6-revision-v1', '', '', '2013-09-16 14:54:20', '2013-09-16 14:54:20', '', 6, 'http://reidownpayment.org/6-revision-32/', 0, 'revision', '', 0),
(203, 1, '2013-09-16 14:18:59', '2013-09-16 14:18:59', '<img class=\"size-full wp-image-146 alignright\" alt=\"homebuyers-pic-1\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" width=\"348\" height=\"348\" />\r\n\r\nREI Down Payment Assistance will allow you to offer up to 100% financing to your borrowers.   We are HUD approved as an instrumentality of government for this program, therefore our funds are an eligible source of down payment.  The program is flexible and meets the needs of many Oklahoma homebuyers.  Highlights of the program are listed below:\r\n\r\n<strong>Eligible Lenders:</strong>  Must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing or be associated with an approved Third Party Originator.\r\n\r\n<strong>Structure:</strong>  This is a First and Second Loan Program offering financing to low-to-moderate income individuals and families in Oklahoma.\r\n\r\n<strong>First Mortgage Loan Types:</strong>  FHA, HUD 184, and Rural Development\r\n\r\n<strong>Structure of Assistance:</strong>  Borrower is entitled to borrow from REI Oklahoma an amount equal to 5%, 6%, or 7%, of the first mortgage total loan amount including upfront MIP.  The assistance will be in the form of a Second Mortgage at 7.375% fixed rate for 20 years.  There is no pre-payment penalty on the Second Mortgage.  Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Income Limits:  </strong>FHA &amp; HUD 184 Limits – Limits are based on household income.  You must count the income of all adult income earning household members.\r\n\r\n<strong>Rural Development Limits:</strong>   Use Rural Development’s standard income guidelines.\r\n\r\n<strong>First Mortgage Rates:</strong>  First Mortgage rates are set daily by Mortgage Clearing.  Lenders will have a 45 day lock and delivery period.\r\n\r\n<strong>Second Mortgage Rates:</strong> 7.375%\r\n\r\n<strong>Credit Score:</strong>  Minimum 620 credit score – See Program Summary for detailed information about credit score requirements.\r\n\r\n<strong>DTI:</strong>  Maximum of 45% on DU approved loans.\r\n\r\n<strong>Seller Contributions:</strong>  Allowed up to first mortgage loan program maximum guidelines.\r\n\r\n<strong>Lender Compensation/First Mortgage Fees:</strong>  There is no yield spread on the first mortgage loan, the lender will charge a 2% origination fee and Mortgage Clearing Correspondent lenders will receive an SRP.    There will also be a $295 delivery fee paid to MCC and must be disclosed on the First Mortgage.\r\n\r\n<strong>Second Mortgage Fees:</strong>  There are no fees associated with the Second Mortgage with the exception of Mortgage Tax, Recording Fees, and title company charges.\r\n\r\n<strong>FHA Loan Example:</strong> <i><span style=\"text-decoration: underline;\">\r\n</span></i>\r\n\r\nFor more detailed information please review the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/REIOKdpamccprogramsummary.pdf\">Program Summary</a> or call Dena Sherrill, REI Down Payment Assistance Program Manager at <a>800-658-2823</a> or <a>dsherrill@reiok.org</a> to become an approved lender today.\r\n\r\nProgram Information &amp; Forms:\r\n<ul>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/REIOKdpamccprogramsummary.pdf\">Program Summary</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/incomeguidelines.pdf\">Income Guidelines</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/Loan-Registration-Form.xls\">Loan Registration Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/Income-Worksheet.xls\">Family Income Worksheet</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">Mortgagor’s Agreement and Acknowledgement of Disclosure</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/SECOND-LIEN-RIDER.pdf\">Second Lien Rider</a></li>\r\n</ul>', 'Lenders', '', 'inherit', 'open', 'open', '', '7-revision-v1', '', '', '2013-09-16 14:18:59', '2013-09-16 14:18:59', '', 7, 'http://reidownpayment.org/7-revision-14/', 0, 'revision', '', 0);
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(204, 1, '2013-09-24 14:25:48', '2013-09-24 14:25:48', 'Saving for the down payment and/or closing costs can be one of the biggest hurdles many people face when purchasing a home.  To help homebuyers attain homeownership affordably, REI Down Payment Assistance offers two options.  The REI Market Rate Program can help meet your closing cost needs associated with FHA, HUD 184 and Rural Development Loans.  REI CHOICE100, a more versatile option, allows you and your lender to structure the mortgage loan to fit your individual closing cost and down payment requirements.  \r\n \r\nREI Market Rate Program – link to new page for market rate program\r\nClosing Cost Assistance for Government Loans\r\n \r\nThe REI Market Rate Program provides the homebuyer with the closing costs associated with an FHA, HUD 184, and Rural Development Loan.  Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n \r\nEligible closing costs for this program include title fees, pre-paid costs, escrows, lender fees, and up front mortgage insurance or guarantee fees. \r\n \r\nPlease review the Program Summary for more detailed information, below are some highlights of the program.\r\n \r\nEligible Lenders:  Lenders must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing.  MCC requires that lenders must meet the FHA net worth requirements and be FHA approved to be eligible for MCC Correspondent Lender status.  Lenders should contact Chris Jones, MCC at (918)749-2274 or chrisjones@mortgageclearing.com to inquire about becoming a participating lender. If you don\'t meet these requirements, please contact Dena Sherrill at dsherrill@reiok.org or Jeremy Layman at jlayman@reiok.org.\r\n \r\nProgram Highlights: \r\n \r\nStructure:  This is a first and second mortgage program that are packaged together.  The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n \r\nSecond Mortgage:  The second mortgage is sized a 3% of the total first mortgage loan amount.  The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%.  There is no pre-payment penalties on the second mortgage.   Second loan proceeds may be used to cover any gap between the FHA-insured first mortgage and the amount necessary to acquire the property, including closing costs, prepaid expenses, and payment of upfront mortgage insurance premiums and/or guarantee fees.  Borrower may be reimbursed for their earnest money and prepaid expenses. \r\n \r\nInterest Rates:  Interest rates are distributed by email daily by MCC.\r\n \r\nIncome Limits:  Income limits apply based on household income (link to income limits for FHA & HUD 184).  Rural Development standard income limits apply. \r\n \r\nCredit Score:  Minimum credit score of 640\r\n \r\nCLTV:  Cannot exceed 105%\r\n \r\nDTI:  Cannot exceed 45%\r\n \r\nFirst-Time Homebuyer:  No first-time homebuyer requirement.\r\n \r\nLender Compensation, Fees, and Purchase:  Please review the Program Summary for lender compensation, fees, and purchase information.\r\n \r\nLoan Funding:  Lender will fund the First Mortgage.  The second mortgage will be table funded by REI. \r\n \r\nFor Example:  Borrower is purchasing a home for a total first mortgage loan amount of $100,000.  The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs.  See chart below:  Still working on charts.\r\n \r\nJeremy will send below information in separate email:\r\n \r\nDetailed Information for Lenders: \r\nProgram Summary \r\n \r\nForms: \r\nLoan Registration Form\r\nMortgagors Agreement & Disclosure Form\r\nREI Down Payment Assistance Income Verification Form\r\nSecond Lien Rider\r\nREI Down Payment Assistance Wire Request Form\r\n \r\n \r\nREI CHOICE100 – link to new page for choice 100 program\r\nDown Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n \r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers.  The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan.  We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance.  As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n \r\nThis program can also be used for a rate/term refinance of existing loans.  Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates).  Cash out refinances are not eligible.\r\n \r\nPlease review Program Guidelines for more detailed information, below are some highlights of the program.\r\n \r\nEligible Lenders:  Lenders must be approved as a 360 Mortgage Delegated Correspondent Lender and in good standing.  360 Mortgage requires that Lenders meet a minimum net worth requirement of $2.5 million to be eligible to sell this Program.  Lenders should contact Priscilla Bohot at (512)418-6094 or pbohot@360mortgage.com to inquire about becoming a participating lender.  If you do not meet this requirement, please contact Dena Sherrill at dsherrill@reiok.org or jlayman@reiok.org.\r\n \r\nProgram Highlights: \r\n \r\nStructure:  This is a first and second mortgage program that are packaged together.  The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n \r\nSecond Mortgage:  The second mortgage is sized at 5% of the total first mortgage loan amount.  The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%.  There is no pre-payment penalties on the second mortgage.  Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n \r\nInterest rates:  Multiple choices of Mortgage Loan Rates will be posted daily by 360 Mortgage.  Rates are subject to change and confirmation by 360 Mortgage. \r\n  \r\nIncome Limits:  Income limits apply based on qualifying income (link to income limits). \r\nBorrower Investment:  Minimum borrower investment of 15, which must be derived from verified assets.\r\n \r\nCredit Score:  Minimum credit score of 660.\r\n \r\nMaximum DTI:  45%\r\n \r\nMortgage Insurance:  MCM 95 loans require 16% charter coverage.  MI coverage rates should match the MI coverage recommended by AUS and are subject to change.   Lenders may select from the various monthly, split and single “lender paid” MI premium plans available, subject to mortgage insurer terms and conditions.  Upfront single or split premiums may be funded by the Second Loan proceeds or from any available rebate pricing, as reflected in the daily rate sheet, or from a Seller’s concession. \r\n \r\nWe are currently working with the following MI companies:  Genworth, MGIC, and National MI.  You must follow the MI companies HFA guidelines.\r\n \r\nFirst Time Homebuyer:  No first-time homebuyer requirement.\r\n \r\nHomebuyer Education:  If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling. \r\n \r\nLender Compensation, Fees, and Purchase:  Please review the Program Guidelines for compensation, loan fees, and purchase requirements.\r\n \r\nFor Example:', 'Lenders', '', 'inherit', 'open', 'open', '', '7-revision-v1', '', '', '2013-09-24 14:25:48', '2013-09-24 14:25:48', '', 7, 'http://reidownpayment.org/7-revision-15/', 0, 'revision', '', 0),
(205, 1, '2013-09-24 14:27:25', '2013-09-24 14:27:25', 'Saving for the down payment and/or closing costs can be one of the biggest hurdles many people face when purchasing a home.  To help homebuyers attain homeownership affordably, REI Down Payment Assistance offers two options.  The REI Market Rate Program can help meet your closing cost needs associated with FHA, HUD 184 and Rural Development Loans.  REI CHOICE100, a more versatile option, allows you and your lender to structure the mortgage loan to fit your individual closing cost and down payment requirements.  \r\n \r\n<strong>REI Market Rate Program – link to new page for market rate program\r\nClosing Cost Assistance for Government Loans</strong>\r\n \r\nThe REI Market Rate Program provides the homebuyer with the closing costs associated with an FHA, HUD 184, and Rural Development Loan.  Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n \r\nEligible closing costs for this program include title fees, pre-paid costs, escrows, lender fees, and up front mortgage insurance or guarantee fees. \r\n \r\nPlease review the Program Summary for more detailed information, below are some highlights of the program.\r\n \r\nEligible Lenders:  Lenders must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing.  MCC requires that lenders must meet the FHA net worth requirements and be FHA approved to be eligible for MCC Correspondent Lender status.  Lenders should contact Chris Jones, MCC at (918)749-2274 or <a href=\"chrisjones@mortgageclearing.com\">chrisjones@mortgageclearing.com</a> to inquire about becoming a participating lender. If you don\'t meet these requirements, please contact Dena Sherrill at dsherrill@reiok.org or Jeremy Layman at jlayman@reiok.org.\r\n \r\nProgram Highlights: \r\n \r\nStructure:  This is a first and second mortgage program that are packaged together.  The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n \r\nSecond Mortgage:  The second mortgage is sized a 3% of the total first mortgage loan amount.  The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%.  There is no pre-payment penalties on the second mortgage.   Second loan proceeds may be used to cover any gap between the FHA-insured first mortgage and the amount necessary to acquire the property, including closing costs, prepaid expenses, and payment of upfront mortgage insurance premiums and/or guarantee fees.  Borrower may be reimbursed for their earnest money and prepaid expenses. \r\n \r\nInterest Rates:  Interest rates are distributed by email daily by MCC.\r\n \r\nIncome Limits:  Income limits apply based on household income (link to income limits for FHA & HUD 184).  Rural Development standard income limits apply. \r\n \r\nCredit Score:  Minimum credit score of 640\r\n \r\nCLTV:  Cannot exceed 105%\r\n \r\nDTI:  Cannot exceed 45%\r\n \r\nFirst-Time Homebuyer:  No first-time homebuyer requirement.\r\n \r\nLender Compensation, Fees, and Purchase:  Please review the Program Summary for lender compensation, fees, and purchase information.\r\n \r\nLoan Funding:  Lender will fund the First Mortgage.  The second mortgage will be table funded by REI. \r\n \r\nFor Example:  Borrower is purchasing a home for a total first mortgage loan amount of $100,000.  The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs.  See chart below:  Still working on charts.\r\n \r\nJeremy will send below information in separate email:\r\n \r\nDetailed Information for Lenders: \r\nProgram Summary \r\n \r\nForms: \r\nLoan Registration Form\r\nMortgagors Agreement & Disclosure Form\r\nREI Down Payment Assistance Income Verification Form\r\nSecond Lien Rider\r\nREI Down Payment Assistance Wire Request Form\r\n \r\n \r\nREI CHOICE100 – link to new page for choice 100 program\r\nDown Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n \r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers.  The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan.  We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance.  As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n \r\nThis program can also be used for a rate/term refinance of existing loans.  Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates).  Cash out refinances are not eligible.\r\n \r\nPlease review Program Guidelines for more detailed information, below are some highlights of the program.\r\n \r\nEligible Lenders:  Lenders must be approved as a 360 Mortgage Delegated Correspondent Lender and in good standing.  360 Mortgage requires that Lenders meet a minimum net worth requirement of $2.5 million to be eligible to sell this Program.  Lenders should contact Priscilla Bohot at (512)418-6094 or pbohot@360mortgage.com to inquire about becoming a participating lender.  If you do not meet this requirement, please contact Dena Sherrill at dsherrill@reiok.org or jlayman@reiok.org.\r\n \r\nProgram Highlights: \r\n \r\nStructure:  This is a first and second mortgage program that are packaged together.  The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n \r\nSecond Mortgage:  The second mortgage is sized at 5% of the total first mortgage loan amount.  The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%.  There is no pre-payment penalties on the second mortgage.  Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n \r\nInterest rates:  Multiple choices of Mortgage Loan Rates will be posted daily by 360 Mortgage.  Rates are subject to change and confirmation by 360 Mortgage. \r\n  \r\nIncome Limits:  Income limits apply based on qualifying income (link to income limits). \r\nBorrower Investment:  Minimum borrower investment of 15, which must be derived from verified assets.\r\n \r\nCredit Score:  Minimum credit score of 660.\r\n \r\nMaximum DTI:  45%\r\n \r\nMortgage Insurance:  MCM 95 loans require 16% charter coverage.  MI coverage rates should match the MI coverage recommended by AUS and are subject to change.   Lenders may select from the various monthly, split and single “lender paid” MI premium plans available, subject to mortgage insurer terms and conditions.  Upfront single or split premiums may be funded by the Second Loan proceeds or from any available rebate pricing, as reflected in the daily rate sheet, or from a Seller’s concession. \r\n \r\nWe are currently working with the following MI companies:  Genworth, MGIC, and National MI.  You must follow the MI companies HFA guidelines.\r\n \r\nFirst Time Homebuyer:  No first-time homebuyer requirement.\r\n \r\nHomebuyer Education:  If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling. \r\n \r\nLender Compensation, Fees, and Purchase:  Please review the Program Guidelines for compensation, loan fees, and purchase requirements.\r\n \r\nFor Example:', 'Lenders', '', 'inherit', 'open', 'open', '', '7-revision-v1', '', '', '2013-09-24 14:27:25', '2013-09-24 14:27:25', '', 7, 'http://reidownpayment.org/7-revision-16/', 0, 'revision', '', 0),
(206, 1, '2013-09-24 16:04:05', '2013-09-24 16:04:05', 'Saving for the down payment and/or closing costs can be one of the biggest hurdles many people face when purchasing a home. To help homebuyers attain homeownership affordably, REI Down Payment Assistance offers two options. The REI Market Rate Program can help meet your closing cost needs associated with FHA, HUD 184 and Rural Development Loans. REI CHOICE100, a more versatile option, allows you and your lender to structure the mortgage loan to fit your individual closing cost and down payment requirements.\r\n\r\n<strong>REI Market Rate Program – link to new page for market rate program\r\nClosing Cost Assistance for Government Loans</strong>\r\n\r\nThe REI Market Rate Program provides the homebuyer with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nEligible closing costs for this program include title fees, pre-paid costs, escrows, lender fees, and up front mortgage insurance or guarantee fees.\r\n\r\nPlease review the Program Summary for more detailed information, below are some highlights of the program.\r\n\r\nEligible Lenders: Lenders must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing. MCC requires that lenders must meet the FHA net worth requirements and be FHA approved to be eligible for MCC Correspondent Lender status. Lenders should contact Chris Jones, MCC at (918)749-2274 or <a href=\"mailto:chrisjones@mortgageclearing.com\">chrisjones@mortgageclearing.com</a> to inquire about becoming a participating lender. If you don\'t meet these requirements, please contact Dena Sherrill at dsherrill@reiok.org or Jeremy Layman at jlayman@reiok.org.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n\r\nSecond Mortgage: The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Second loan proceeds may be used to cover any gap between the FHA-insured first mortgage and the amount necessary to acquire the property, including closing costs, prepaid expenses, and payment of upfront mortgage insurance premiums and/or guarantee fees. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nInterest Rates: Interest rates are distributed by email daily by MCC.\r\n\r\nIncome Limits: Income limits apply based on household income (link to income limits for FHA &amp; HUD 184). Rural Development standard income limits apply.\r\n\r\nCredit Score: Minimum credit score of 640\r\n\r\nCLTV: Cannot exceed 105%\r\n\r\nDTI: Cannot exceed 45%\r\n\r\nFirst-Time Homebuyer: No first-time homebuyer requirement.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Summary for lender compensation, fees, and purchase information.\r\n\r\nLoan Funding: Lender will fund the First Mortgage. The second mortgage will be table funded by REI.\r\n\r\nFor Example: Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs. See chart below: Still working on charts.\r\n\r\nJeremy will send below information in separate email:\r\n\r\nDetailed Information for Lenders:\r\nProgram Summary\r\n\r\nForms:\r\nLoan Registration Form\r\nMortgagors Agreement &amp; Disclosure Form\r\nREI Down Payment Assistance Income Verification Form\r\nSecond Lien Rider\r\nREI Down Payment Assistance Wire Request Form\r\n\r\nREI CHOICE100 – link to new page for choice 100 program\r\nDown Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n\r\nThis program can also be used for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nPlease review Program Guidelines for more detailed information, below are some highlights of the program.\r\n\r\nEligible Lenders: Lenders must be approved as a 360 Mortgage Delegated Correspondent Lender and in good standing. 360 Mortgage requires that Lenders meet a minimum net worth requirement of $2.5 million to be eligible to sell this Program. Lenders should contact Priscilla Bohot at (512)418-6094 or pbohot@360mortgage.com to inquire about becoming a participating lender. If you do not meet this requirement, please contact Dena Sherrill at dsherrill@reiok.org or jlayman@reiok.org.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\nSecond Mortgage: The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nInterest rates: Multiple choices of Mortgage Loan Rates will be posted daily by 360 Mortgage. Rates are subject to change and confirmation by 360 Mortgage.\r\n\r\nIncome Limits: Income limits apply based on qualifying income (link to income limits).\r\nBorrower Investment: Minimum borrower investment of 15, which must be derived from verified assets.\r\n\r\nCredit Score: Minimum credit score of 660.\r\n\r\nMaximum DTI: 45%\r\n\r\nMortgage Insurance: MCM 95 loans require 16% charter coverage. MI coverage rates should match the MI coverage recommended by AUS and are subject to change. Lenders may select from the various monthly, split and single “lender paid” MI premium plans available, subject to mortgage insurer terms and conditions. Upfront single or split premiums may be funded by the Second Loan proceeds or from any available rebate pricing, as reflected in the daily rate sheet, or from a Seller’s concession.\r\n\r\nWe are currently working with the following MI companies: Genworth, MGIC, and National MI. You must follow the MI companies HFA guidelines.\r\n\r\nFirst Time Homebuyer: No first-time homebuyer requirement.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Guidelines for compensation, loan fees, and purchase requirements.\r\n\r\nFor Example:', 'Lenders', '', 'inherit', 'open', 'open', '', '7-revision-v1', '', '', '2013-09-24 16:04:05', '2013-09-24 16:04:05', '', 7, 'http://reidownpayment.org/7-revision-17/', 0, 'revision', '', 0),
(208, 1, '2013-09-24 16:34:21', '2013-09-24 16:34:21', '', 'REI Down Payment Assistance Income Verification Form', '', 'inherit', 'open', 'open', '', 'income-worksheet-2', '', '', '2013-09-24 16:34:21', '2013-09-24 16:34:21', '', 217, 'http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls', 0, 'attachment', 'application/vnd.ms-excel', 0),
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(210, 1, '2013-09-24 16:34:22', '2013-09-24 16:34:22', '', 'Mortgagors Agreement & Disclosure Form', '', 'inherit', 'open', 'open', '', 'mortgagors-agreement-disclosure-form-2', '', '', '2013-09-24 16:34:22', '2013-09-24 16:34:22', '', 7, 'http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf', 0, 'attachment', 'application/pdf', 0),
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(212, 1, '2013-09-24 16:34:23', '2013-09-24 16:34:23', '', 'REI Down Payment Assistance Wire Request Form', '', 'inherit', 'open', 'open', '', 'wire-request-form', '', '', '2013-09-24 16:34:23', '2013-09-24 16:34:23', '', 7, 'http://reidownpayment.org/wp/wp-content/uploads/2013/09/Wire-Request-Form.xlsx', 0, 'attachment', 'application/vnd.openxmlformats-officedocument.spreadsheetml.sheet', 0),
(213, 1, '2013-09-24 16:04:53', '2013-09-24 16:04:53', 'Saving for the down payment and/or closing costs can be one of the biggest hurdles many people face when purchasing a home. To help homebuyers attain homeownership affordably, REI Down Payment Assistance offers two options. The REI Market Rate Program can help meet your closing cost needs associated with FHA, HUD 184 and Rural Development Loans. REI CHOICE100, a more versatile option, allows you and your lender to structure the mortgage loan to fit your individual closing cost and down payment requirements.\r\n\r\n<strong>REI Market Rate Program – link to new page for market rate program\r\nClosing Cost Assistance for Government Loans</strong>\r\n\r\nThe REI Market Rate Program provides the homebuyer with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nEligible closing costs for this program include title fees, pre-paid costs, escrows, lender fees, and up front mortgage insurance or guarantee fees.\r\n\r\nPlease review the Program Summary for more detailed information, below are some highlights of the program.\r\n\r\nEligible Lenders: Lenders must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing. MCC requires that lenders must meet the FHA net worth requirements and be FHA approved to be eligible for MCC Correspondent Lender status. Lenders should contact Chris Jones, MCC at (918)749-2274 or <a href=\"mailto:chrisjones@mortgageclearing.com\">chrisjones@mortgageclearing.com</a> to inquire about becoming a participating lender. If you don\'t meet these requirements, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or Jeremy Layman at jlayman@reiok.org.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n\r\nSecond Mortgage: The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Second loan proceeds may be used to cover any gap between the FHA-insured first mortgage and the amount necessary to acquire the property, including closing costs, prepaid expenses, and payment of upfront mortgage insurance premiums and/or guarantee fees. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nInterest Rates: Interest rates are distributed by email daily by MCC.\r\n\r\nIncome Limits: Income limits apply based on household income (link to income limits for FHA &amp; HUD 184). Rural Development standard income limits apply.\r\n\r\nCredit Score: Minimum credit score of 640\r\n\r\nCLTV: Cannot exceed 105%\r\n\r\nDTI: Cannot exceed 45%\r\n\r\nFirst-Time Homebuyer: No first-time homebuyer requirement.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Summary for lender compensation, fees, and purchase information.\r\n\r\nLoan Funding: Lender will fund the First Mortgage. The second mortgage will be table funded by REI.\r\n\r\nFor Example: Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs. See chart below: Still working on charts.\r\n\r\nJeremy will send below information in separate email:\r\n\r\nDetailed Information for Lenders:\r\nProgram Summary\r\n\r\nForms:\r\nLoan Registration Form\r\nMortgagors Agreement &amp; Disclosure Form\r\nREI Down Payment Assistance Income Verification Form\r\nSecond Lien Rider\r\nREI Down Payment Assistance Wire Request Form\r\n\r\nREI CHOICE100 – link to new page for choice 100 program\r\nDown Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n\r\nThis program can also be used for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nPlease review Program Guidelines for more detailed information, below are some highlights of the program.\r\n\r\nEligible Lenders: Lenders must be approved as a 360 Mortgage Delegated Correspondent Lender and in good standing. 360 Mortgage requires that Lenders meet a minimum net worth requirement of $2.5 million to be eligible to sell this Program. Lenders should contact Priscilla Bohot at (512)418-6094 or pbohot@360mortgage.com to inquire about becoming a participating lender. If you do not meet this requirement, please contact Dena Sherrill at dsherrill@reiok.org or jlayman@reiok.org.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\nSecond Mortgage: The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nInterest rates: Multiple choices of Mortgage Loan Rates will be posted daily by 360 Mortgage. Rates are subject to change and confirmation by 360 Mortgage.\r\n\r\nIncome Limits: Income limits apply based on qualifying income (link to income limits).\r\nBorrower Investment: Minimum borrower investment of 15, which must be derived from verified assets.\r\n\r\nCredit Score: Minimum credit score of 660.\r\n\r\nMaximum DTI: 45%\r\n\r\nMortgage Insurance: MCM 95 loans require 16% charter coverage. MI coverage rates should match the MI coverage recommended by AUS and are subject to change. Lenders may select from the various monthly, split and single “lender paid” MI premium plans available, subject to mortgage insurer terms and conditions. Upfront single or split premiums may be funded by the Second Loan proceeds or from any available rebate pricing, as reflected in the daily rate sheet, or from a Seller’s concession.\r\n\r\nWe are currently working with the following MI companies: Genworth, MGIC, and National MI. You must follow the MI companies HFA guidelines.\r\n\r\nFirst Time Homebuyer: No first-time homebuyer requirement.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Guidelines for compensation, loan fees, and purchase requirements.\r\n\r\nFor Example:', 'Lenders', '', 'inherit', 'open', 'open', '', '7-revision-v1', '', '', '2013-09-24 16:04:53', '2013-09-24 16:04:53', '', 7, 'http://reidownpayment.org/7-revision-18/', 0, 'revision', '', 0),
(214, 1, '2013-09-24 16:39:11', '2013-09-24 16:39:11', 'Saving for the down payment and/or closing costs can be one of the biggest hurdles many people face when purchasing a home. To help homebuyers attain homeownership affordably, REI Down Payment Assistance offers two options. The REI Market Rate Program can help meet your closing cost needs associated with FHA, HUD 184 and Rural Development Loans. REI CHOICE100, a more versatile option, allows you and your lender to structure the mortgage loan to fit your individual closing cost and down payment requirements.\r\n\r\n<strong>REI Market Rate Program – link to new page for market rate program\r\nClosing Cost Assistance for Government Loans</strong>\r\n\r\nThe REI Market Rate Program provides the homebuyer with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nEligible closing costs for this program include title fees, pre-paid costs, escrows, lender fees, and up front mortgage insurance or guarantee fees.\r\n\r\nPlease review the Program Summary for more detailed information, below are some highlights of the program.\r\n\r\nEligible Lenders: Lenders must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing. MCC requires that lenders must meet the FHA net worth requirements and be FHA approved to be eligible for MCC Correspondent Lender status. Lenders should contact Chris Jones, MCC at (918)749-2274 or <a href=\"mailto:chrisjones@mortgageclearing.com\">chrisjones@mortgageclearing.com</a> to inquire about becoming a participating lender. If you don\'t meet these requirements, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or Jeremy Layman at jlayman@reiok.org.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n\r\nSecond Mortgage: The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Second loan proceeds may be used to cover any gap between the FHA-insured first mortgage and the amount necessary to acquire the property, including closing costs, prepaid expenses, and payment of upfront mortgage insurance premiums and/or guarantee fees. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nInterest Rates: Interest rates are distributed by email daily by MCC.\r\n\r\nIncome Limits: Income limits apply based on household income (link to income limits for FHA &amp; HUD 184). Rural Development standard income limits apply.\r\n\r\nCredit Score: Minimum credit score of 640\r\n\r\nCLTV: Cannot exceed 105%\r\n\r\nDTI: Cannot exceed 45%\r\n\r\nFirst-Time Homebuyer: No first-time homebuyer requirement.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Summary for lender compensation, fees, and purchase information.\r\n\r\nLoan Funding: Lender will fund the First Mortgage. The second mortgage will be table funded by REI.\r\n\r\nFor Example: Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs. See chart below: Still working on charts.\r\n\r\nJeremy will send below information in separate email:\r\n\r\nDetailed Information for Lenders:\r\nProgram Summary\r\n\r\nForms:\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Loan-Registration-Form-1.xls\">Loan Registration Form</a>\r\nMortgagors Agreement &amp; Disclosure Form\r\nREI Down Payment Assistance Income Verification Form\r\nSecond Lien Rider\r\nREI Down Payment Assistance Wire Request Form\r\n\r\nREI CHOICE100 – link to new page for choice 100 program\r\nDown Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n\r\nThis program can also be used for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nPlease review Program Guidelines for more detailed information, below are some highlights of the program.\r\n\r\nEligible Lenders: Lenders must be approved as a 360 Mortgage Delegated Correspondent Lender and in good standing. 360 Mortgage requires that Lenders meet a minimum net worth requirement of $2.5 million to be eligible to sell this Program. Lenders should contact Priscilla Bohot at (512)418-6094 or pbohot@360mortgage.com to inquire about becoming a participating lender. If you do not meet this requirement, please contact Dena Sherrill at dsherrill@reiok.org or jlayman@reiok.org.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\nSecond Mortgage: The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nInterest rates: Multiple choices of Mortgage Loan Rates will be posted daily by 360 Mortgage. Rates are subject to change and confirmation by 360 Mortgage.\r\n\r\nIncome Limits: Income limits apply based on qualifying income (link to income limits).\r\nBorrower Investment: Minimum borrower investment of 15, which must be derived from verified assets.\r\n\r\nCredit Score: Minimum credit score of 660.\r\n\r\nMaximum DTI: 45%\r\n\r\nMortgage Insurance: MCM 95 loans require 16% charter coverage. MI coverage rates should match the MI coverage recommended by AUS and are subject to change. Lenders may select from the various monthly, split and single “lender paid” MI premium plans available, subject to mortgage insurer terms and conditions. Upfront single or split premiums may be funded by the Second Loan proceeds or from any available rebate pricing, as reflected in the daily rate sheet, or from a Seller’s concession.\r\n\r\nWe are currently working with the following MI companies: Genworth, MGIC, and National MI. You must follow the MI companies HFA guidelines.\r\n\r\nFirst Time Homebuyer: No first-time homebuyer requirement.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Guidelines for compensation, loan fees, and purchase requirements.\r\n\r\nFor Example:', 'Lenders', '', 'inherit', 'open', 'open', '', '7-revision-v1', '', '', '2013-09-24 16:39:11', '2013-09-24 16:39:11', '', 7, 'http://reidownpayment.org/7-revision-19/', 0, 'revision', '', 0),
(215, 1, '2013-09-24 17:52:50', '2013-09-24 17:52:50', 'All loans must be delivered and purchased by U.S. Bank within 60 days of rate lock. One time extension can be purchased at the following rates:\r\n<ul>\r\n 	<li>  7 Days – 0.06250 Points</li>\r\n 	<li>15 Days – 0.12500 Points</li>\r\n 	<li>22 Days – 0.18750 Points</li>\r\n 	<li>30 Days – 0.2500 Points</li>\r\n</ul>\r\nClick to access <u><a href=\"https://www.reigift100.org/Bin/Display.exe/ShowSection\" target=\"_blank\">Lender Portal.</a></u>', '', '', 'draft', 'open', 'open', '', 'gift100', '', '', '2018-09-12 15:39:12', '2018-09-12 15:39:12', '', 7, 'http://reidownpayment.org/?page_id=215', 0, 'page', '', 0),
(216, 1, '2013-09-24 17:52:39', '2013-09-24 17:52:39', '', 'REI Market Rate Program', '', 'inherit', 'open', 'open', '', '215-revision-v1', '', '', '2013-09-24 17:52:39', '2013-09-24 17:52:39', '', 215, 'http://reidownpayment.org/215-revision/', 0, 'revision', '', 0),
(217, 1, '2013-09-24 17:53:06', '2013-09-24 17:53:06', '[hs-faq-cat id=\"6\"]\r\n\r\n&nbsp;\r\n<ul>\r\n 	<li><a href=\"https://reidownpayment.org/wp/wp-content/uploads/2021/09/REI-Home100-Conventional-Program-Summary-21.08.17.pdf\" target=\"_blank\" rel=\"noopener\">Program Summary</a></li>\r\n 	<li><a href=\"https://reidownpayment.org/wp/wp-content/uploads/2021/06/2021-Area-Median-Incomes-Conventional-Fannie-and-Freddie-At-or-Below-80-AMI.pdf\">Fannie and Freddie Income Limits At or Below 80% AMI</a></li>\r\n 	<li><a href=\"https://reidownpayment.org/wp/wp-content/uploads/2021/06/2021-Area-Median-Incomes-Conventional-Freddie-Mac-Over-80-AMI.pdf\">Freddie Mac Income Limits Above 80% AMI</a></li>\r\n 	<li><a href=\"https://reidownpayment.org/wp/wp-content/uploads/2020/08/US-Bank-Conventional-File-Checklist.pdf\">Conventional Stacking Order</a></li>\r\n 	<li><a href=\"http://www.reihome100.org\" target=\"_blank\" rel=\"noopener\">Lender Portal</a></li>\r\n</ul>', 'REI Home100 Conventional Loan Program FAQ', '', 'publish', 'open', 'closed', '', 'conventional-program', '', '', '2021-09-13 19:10:00', '2021-09-13 19:10:00', '', 7, 'http://reidownpayment.org/?page_id=217', 0, 'page', '', 0),
(218, 1, '2013-09-24 17:53:04', '2013-09-24 17:53:04', '', 'Choice100 Program', '', 'inherit', 'open', 'open', '', '217-revision-v1', '', '', '2013-09-24 17:53:04', '2013-09-24 17:53:04', '', 217, 'http://reidownpayment.org/217-revision/', 0, 'revision', '', 0),
(219, 1, '2013-09-24 17:53:39', '2013-09-24 17:53:39', '', 'Home100 Conventional FAQ', '', 'publish', 'open', 'closed', '', '219', '', '', '2020-05-11 21:57:12', '2020-05-11 21:57:12', '', 7, 'http://reidownpayment.org/?p=219', 7, 'nav_menu_item', '', 0);
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(221, 1, '2013-09-24 17:52:03', '2013-09-24 17:52:03', 'Saving for the down payment and/or closing costs can be one of the biggest hurdles many people face when purchasing a home. To help homebuyers attain homeownership affordably, REI Down Payment Assistance offers two options. The REI Market Rate Program can help meet your closing cost needs associated with FHA, HUD 184 and Rural Development Loans. REI CHOICE100, a more versatile option, allows you and your lender to structure the mortgage loan to fit your individual closing cost and down payment requirements.\r\n\r\n<strong>REI Market Rate Program – link to new page for market rate program\r\nClosing Cost Assistance for Government Loans</strong>\r\n\r\nThe REI Market Rate Program provides the homebuyer with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nEligible closing costs for this program include title fees, pre-paid costs, escrows, lender fees, and up front mortgage insurance or guarantee fees.\r\n\r\nPlease review the Program Summary for more detailed information, below are some highlights of the program.\r\n\r\nEligible Lenders: Lenders must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing. MCC requires that lenders must meet the FHA net worth requirements and be FHA approved to be eligible for MCC Correspondent Lender status. Lenders should contact Chris Jones, MCC at (918)749-2274 or <a href=\"mailto:chrisjones@mortgageclearing.com\">chrisjones@mortgageclearing.com</a> to inquire about becoming a participating lender. If you don\'t meet these requirements, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or Jeremy Layman at jlayman@reiok.org.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n\r\nSecond Mortgage: The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Second loan proceeds may be used to cover any gap between the FHA-insured first mortgage and the amount necessary to acquire the property, including closing costs, prepaid expenses, and payment of upfront mortgage insurance premiums and/or guarantee fees. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nInterest Rates: Interest rates are distributed by email daily by MCC.\r\n\r\nIncome Limits: Income limits apply based on household income (link to income limits for FHA &amp; HUD 184). Rural Development standard income limits apply.\r\n\r\nCredit Score: Minimum credit score of 640\r\n\r\nCLTV: Cannot exceed 105%\r\n\r\nDTI: Cannot exceed 45%\r\n\r\nFirst-Time Homebuyer: No first-time homebuyer requirement.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Summary for lender compensation, fees, and purchase information.\r\n\r\nLoan Funding: Lender will fund the First Mortgage. The second mortgage will be table funded by REI.\r\n\r\nFor Example: Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs. See chart below: Still working on charts.\r\n\r\nJeremy will send below information in separate email:\r\n\r\nDetailed Information for Lenders:\r\nProgram Summary\r\n\r\nForms:\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Loan-Registration-Form-1.xls\">Loan Registration Form</a>\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">MORTGAGORS AGREEMENT &amp; DISCLOSURE FORM</a>\r\nREI Down Payment Assistance Income Verification Form\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">SECOND LIEN RIDER</a>\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Wire-Request-Form.xlsx\">Wire Request Form</a>\r\n\r\nREI CHOICE100 – link to new page for choice 100 program\r\nDown Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n\r\nThis program can also be used for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nPlease review Program Guidelines for more detailed information, below are some highlights of the program.\r\n\r\nEligible Lenders: Lenders must be approved as a 360 Mortgage Delegated Correspondent Lender and in good standing. 360 Mortgage requires that Lenders meet a minimum net worth requirement of $2.5 million to be eligible to sell this Program. Lenders should contact Priscilla Bohot at (512)418-6094 or pbohot@360mortgage.com to inquire about becoming a participating lender. If you do not meet this requirement, please contact Dena Sherrill at dsherrill@reiok.org or jlayman@reiok.org.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\nSecond Mortgage: The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nInterest rates: Multiple choices of Mortgage Loan Rates will be posted daily by 360 Mortgage. Rates are subject to change and confirmation by 360 Mortgage.\r\n\r\nIncome Limits: Income limits apply based on qualifying income (link to income limits).\r\nBorrower Investment: Minimum borrower investment of 15, which must be derived from verified assets.\r\n\r\nCredit Score: Minimum credit score of 660.\r\n\r\nMaximum DTI: 45%\r\n\r\nMortgage Insurance: MCM 95 loans require 16% charter coverage. MI coverage rates should match the MI coverage recommended by AUS and are subject to change. Lenders may select from the various monthly, split and single “lender paid” MI premium plans available, subject to mortgage insurer terms and conditions. Upfront single or split premiums may be funded by the Second Loan proceeds or from any available rebate pricing, as reflected in the daily rate sheet, or from a Seller’s concession.\r\n\r\nWe are currently working with the following MI companies: Genworth, MGIC, and National MI. You must follow the MI companies HFA guidelines.\r\n\r\nFirst Time Homebuyer: No first-time homebuyer requirement.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Guidelines for compensation, loan fees, and purchase requirements.\r\n\r\nFor Example:', 'Lenders', '', 'inherit', 'open', 'open', '', '7-revision-v1', '', '', '2013-09-24 17:52:03', '2013-09-24 17:52:03', '', 7, 'http://reidownpayment.org/7-revision-20/', 0, 'revision', '', 0),
(222, 1, '2013-09-24 17:55:29', '2013-09-24 17:55:29', 'Saving for the down payment and/or closing costs can be one of the biggest hurdles many people face when purchasing a home.  To help homebuyers attain homeownership affordably, REI Down Payment Assistance offers two options.  The REI Market Rate Program can help meet your closing cost needs associated with FHA, HUD 184 and Rural Development Loans.  REI CHOICE100, a more versatile option, allows you and your lender to structure the mortgage loan to fit your individual closing cost and down payment requirements.  \r\n \r\nREI Market Rate Program – link to new page for market rate program\r\nClosing Cost Assistance for Government Loans\r\n \r\nThe REI Market Rate Program provides the homebuyer with the closing costs associated with an FHA, HUD 184, and Rural Development Loan.  Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n \r\nEligible closing costs for this program include title fees, pre-paid costs, escrows, lender fees, and up front mortgage insurance or guarantee fees. ', 'Lenders', '', 'inherit', 'open', 'open', '', '7-revision-v1', '', '', '2013-09-24 17:55:29', '2013-09-24 17:55:29', '', 7, 'http://reidownpayment.org/7-revision-21/', 0, 'revision', '', 0),
(223, 1, '2013-09-24 17:52:50', '2013-09-24 17:52:50', '', 'REI Market Rate Program', '', 'inherit', 'open', 'open', '', '215-revision-v1', '', '', '2013-09-24 17:52:50', '2013-09-24 17:52:50', '', 215, 'http://reidownpayment.org/215-revision-2/', 0, 'revision', '', 0),
(224, 1, '2013-09-24 17:53:06', '2013-09-24 17:53:06', '', 'Choice100 Program', '', 'inherit', 'open', 'open', '', '217-revision-v1', '', '', '2013-09-24 17:53:06', '2013-09-24 17:53:06', '', 217, 'http://reidownpayment.org/217-revision-2/', 0, 'revision', '', 0),
(225, 1, '2013-09-24 18:01:08', '2013-09-24 18:01:08', 'Saving for the down payment and/or closing costs can be one of the biggest hurdles many people face when purchasing a home.  To help homebuyers attain homeownership affordably, REI Down Payment Assistance offers two options.  The REI Market Rate Program can help meet your closing cost needs associated with FHA, HUD 184 and Rural Development Loans.  REI CHOICE100, a more versatile option, allows you and your lender to structure the mortgage loan to fit your individual closing cost and down payment requirements.  \r\n \r\nREI Market Rate Program – link to new page for market rate program\r\nClosing Cost Assistance for Government Loans\r\n \r\nThe REI Market Rate Program provides the homebuyer with the closing costs associated with an FHA, HUD 184, and Rural Development Loan.  Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n \r\nEligible closing costs for this program include title fees, pre-paid costs, escrows, lender fees, and up front mortgage insurance or guarantee fees. ', 'Lenders', '', 'inherit', 'open', 'open', '', '7-revision-v1', '', '', '2013-09-24 18:01:08', '2013-09-24 18:01:08', '', 7, 'http://reidownpayment.org/7-revision-22/', 0, 'revision', '', 0),
(226, 1, '2013-09-16 14:38:01', '2013-09-16 14:38:01', '<strong>REI CHOICE100</strong> - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.\r\n\r\nYou can also use this program for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Lenders:</strong> You may use the lender of your choice, if they are approved for the REI Choice100 program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on qualifying income.\r\n<ul>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Bond-Program.pdf\">Bond Program</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Choice-100-Program.pdf\">Choice 100 Program</a></li>\r\n</ul>\r\n<strong>Credit Score:</strong> Minimum credit score of 680.\r\n\r\n<strong>Mortgage Insurance:</strong> Required coverage amount is lower than normal My Community Mortgage loans.\r\n\r\n<strong>First Time Homebuyer:</strong> You do not have to be a first-time homebuyer for this program.\r\n\r\n<strong>Homebuyer Education:</strong> If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.', 'Choice 100', '', 'inherit', 'open', 'open', '', '171-revision-v1', '', '', '2013-09-16 14:38:01', '2013-09-16 14:38:01', '', 171, 'http://reidownpayment.org/171-revision-7/', 0, 'revision', '', 0),
(227, 1, '2013-09-16 14:19:22', '2013-09-16 14:19:22', '<img class=\"size-full wp-image-146 alignright\" alt=\"homebuyers-pic-1\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" width=\"348\" height=\"348\" />\r\n\r\nREI Down Payment Assistance will allow you to offer up to 100% financing to your borrowers.   We are HUD approved as an instrumentality of government for this program, therefore our funds are an eligible source of down payment.  The program is flexible and meets the needs of many Oklahoma homebuyers.  Highlights of the program are listed below:\r\n\r\n<strong>Eligible Lenders:</strong>  Must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing or be associated with an approved Third Party Originator.\r\n\r\n<strong>Structure:</strong>  This is a First and Second Loan Program offering financing to low-to-moderate income individuals and families in Oklahoma.\r\n\r\n<strong>First Mortgage Loan Types:</strong>  FHA, HUD 184, and Rural Development\r\n\r\n<strong>Structure of Assistance:</strong>  Borrower is entitled to borrow from REI Oklahoma an amount equal to 5%, 6%, or 7%, of the first mortgage total loan amount including upfront MIP.  The assistance will be in the form of a Second Mortgage at 7.375% fixed rate for 20 years.  There is no pre-payment penalty on the Second Mortgage.  Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Income Limits:  </strong>FHA &amp; HUD 184 Limits – Limits are based on household income.  You must count the income of all adult income earning household members.\r\n\r\n<strong>Rural Development Limits:</strong>   Use Rural Development’s standard income guidelines.\r\n\r\n<strong>First Mortgage Rates:</strong>  First Mortgage rates are set daily by Mortgage Clearing.  Lenders will have a 45 day lock and delivery period.\r\n\r\n<strong>Second Mortgage Rates:</strong> 7.375%\r\n\r\n<strong>Credit Score:</strong>  Minimum 620 credit score – See Program Summary for detailed information about credit score requirements.\r\n\r\n<strong>DTI:</strong>  Maximum of 45% on DU approved loans.\r\n\r\n<strong>Seller Contributions:</strong>  Allowed up to first mortgage loan program maximum guidelines.\r\n\r\n<strong>Lender Compensation/First Mortgage Fees:</strong>  There is no yield spread on the first mortgage loan, the lender will charge a 2% origination fee and Mortgage Clearing Correspondent lenders will receive an SRP.    There will also be a $295 delivery fee paid to MCC and must be disclosed on the First Mortgage.\r\n\r\n<strong>Second Mortgage Fees:</strong>  There are no fees associated with the Second Mortgage with the exception of Mortgage Tax, Recording Fees, and title company charges.\r\n\r\n<strong>FHA Loan Example:</strong> <i><span style=\"text-decoration: underline;\">\r\n</span></i>\r\n\r\nFor more detailed information please review the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/REIOKdpamccprogramsummary.pdf\">Program Summary</a> or call Dena Sherrill, REI Down Payment Assistance Program Manager at <a>800-658-2823</a> or <a>dsherrill@reiok.org</a> to become an approved lender today.\r\n\r\nProgram Information &amp; Forms:\r\n<ul>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/REIOKdpamccprogramsummary.pdf\">Program Summary</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/incomeguidelines.pdf\">Income Guidelines</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/Loan-Registration-Form.xls\">Loan Registration Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/Income-Worksheet.xls\">Family Income Worksheet</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">Mortgagor’s Agreement and Acknowledgement of Disclosure</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/SECOND-LIEN-RIDER.pdf\">Second Lien Rider</a></li>\r\n</ul>', 'Market Rate Program', '', 'inherit', 'open', 'open', '', '168-revision-v1', '', '', '2013-09-16 14:19:22', '2013-09-16 14:19:22', '', 168, 'http://reidownpayment.org/168-revision-2/', 0, 'revision', '', 0),
(228, 1, '2013-09-24 18:04:30', '2013-09-24 18:04:30', 'Saving for the down payment and/or closing costs can be one of the biggest hurdles many people face when purchasing a home.  To help homebuyers attain homeownership affordably, REI Down Payment Assistance offers two options.  The REI Market Rate Program can help meet your closing cost needs associated with FHA, HUD 184 and Rural Development Loans.  REI CHOICE100, a more versatile option, allows you and your lender to structure the mortgage loan to fit your individual closing cost and down payment requirements.  \r\n \r\nREI Market Rate Program – link to new page for market rate program\r\nClosing Cost Assistance for Government Loans\r\n \r\nThe REI Market Rate Program provides the homebuyer with the closing costs associated with an FHA, HUD 184, and Rural Development Loan.  Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n \r\nEligible closing costs for this program include title fees, pre-paid costs, escrows, lender fees, and up front mortgage insurance or guarantee fees. \r\n\r\nREI CHOICE100 – link to new page for choice 100 program\r\nDown Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n \r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers.  The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan.  We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance.  As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n \r\nThis program can also be used for a rate/term refinance of existing loans.  Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates).  Cash out refinances are not eligible.', 'Lenders', '', 'inherit', 'open', 'open', '', '7-revision-v1', '', '', '2013-09-24 18:04:30', '2013-09-24 18:04:30', '', 7, 'http://reidownpayment.org/7-revision-23/', 0, 'revision', '', 0),
(229, 1, '2013-09-24 18:05:39', '2013-09-24 18:05:39', 'Saving for the down payment and/or closing costs can be one of the biggest hurdles many people face when purchasing a home.  To help homebuyers attain homeownership affordably, REI Down Payment Assistance offers two options.  The REI Market Rate Program can help meet your closing cost needs associated with FHA, HUD 184 and Rural Development Loans.  REI CHOICE100, a more versatile option, allows you and your lender to structure the mortgage loan to fit your individual closing cost and down payment requirements.  \r\n \r\nREI Market Rate Program – link to new page for market rate program\r\nClosing Cost Assistance for Government Loans\r\n \r\nThe REI Market Rate Program provides the homebuyer with the closing costs associated with an FHA, HUD 184, and Rural Development Loan.  Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n \r\nEligible closing costs for this program include title fees, pre-paid costs, escrows, lender fees, and up front mortgage insurance or guarantee fees. \r\n\r\nREI CHOICE100 – link to new page for choice 100 program\r\nDown Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n \r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers.  The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan.  We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance.  As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n \r\nThis program can also be used for a rate/term refinance of existing loans.  Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates).  Cash out refinances are not eligible.', 'Lenders', '', 'inherit', 'open', 'open', '', '7-revision-v1', '', '', '2013-09-24 18:05:39', '2013-09-24 18:05:39', '', 7, 'http://reidownpayment.org/7-revision-24/', 0, 'revision', '', 0),
(230, 1, '2013-09-24 18:07:36', '2013-09-24 18:07:36', 'Saving for the down payment and/or closing costs can be one of the biggest hurdles many people face when purchasing a home.  To help homebuyers attain homeownership affordably, REI Down Payment Assistance offers two options.  The REI Market Rate Program can help meet your closing cost needs associated with FHA, HUD 184 and Rural Development Loans.  REI CHOICE100, a more versatile option, allows you and your lender to structure the mortgage loan to fit your individual closing cost and down payment requirements.  \r\n \r\nREI Market Rate Program – link to new page for market rate program\r\nClosing Cost Assistance for Government Loans\r\n \r\nThe REI Market Rate Program provides the homebuyer with the closing costs associated with an FHA, HUD 184, and Rural Development Loan.  Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n \r\nEligible closing costs for this program include title fees, pre-paid costs, escrows, lender fees, and up front mortgage insurance or guarantee fees. \r\n\r\nREI CHOICE100 – link to new page for choice 100 program\r\nDown Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n \r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers.  The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan.  We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance.  As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n \r\nThis program can also be used for a rate/term refinance of existing loans.  Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates).  Cash out refinances are not eligible.', 'Lenders', '', 'inherit', 'open', 'open', '', '7-revision-v1', '', '', '2013-09-24 18:07:36', '2013-09-24 18:07:36', '', 7, 'http://reidownpayment.org/7-revision-25/', 0, 'revision', '', 0),
(231, 1, '2013-09-24 18:10:17', '2013-09-24 18:10:17', 'Saving for the down payment and/or closing costs can be one of the biggest hurdles many people face when purchasing a home. To help homebuyers attain homeownership affordably, REI Down Payment Assistance offers two options. The REI Market Rate Program can help meet your closing cost needs associated with FHA, HUD 184 and Rural Development Loans. REI CHOICE100, a more versatile option, allows you and your lender to structure the mortgage loan to fit your individual closing cost and down payment requirements.\r\n\r\n<strong><a title=\"REI Market Rate Program\" href=\"http://reidownpayment.org/lenders/rei-market-rate-program/\">REI Market Rate Program</a>\r\nClosing Cost Assistance for Government Loans</strong>\r\n\r\nThe REI Market Rate Program provides the homebuyer with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nEligible closing costs for this program include title fees, pre-paid costs, escrows, lender fees, and up front mortgage insurance or guarantee fees.\r\n\r\n<a title=\"Choice100 Program\" href=\"http://reidownpayment.org/lenders/choice100-program/\">REI CHOICE100</a>\r\n<strong>Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans</strong>\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n\r\nThis program can also be used for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.', 'Lenders', '', 'inherit', 'open', 'open', '', '7-revision-v1', '', '', '2013-09-24 18:10:17', '2013-09-24 18:10:17', '', 7, 'http://reidownpayment.org/7-revision-26/', 0, 'revision', '', 0),
(232, 1, '2013-09-24 18:03:57', '2013-09-24 18:03:57', 'REI CHOICE100 – link to new page for choice 100 program\r\nDown Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n \r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers.  The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan.  We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance.  As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n \r\nThis program can also be used for a rate/term refinance of existing loans.  Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates).  Cash out refinances are not eligible.\r\n \r\nPlease review Program Guidelines for more detailed information, below are some highlights of the program.\r\n \r\nEligible Lenders:  Lenders must be approved as a 360 Mortgage Delegated Correspondent Lender and in good standing.  360 Mortgage requires that Lenders meet a minimum net worth requirement of $2.5 million to be eligible to sell this Program.  Lenders should contact Priscilla Bohot at (512)418-6094 or pbohot@360mortgage.com to inquire about becoming a participating lender.  If you do not meet this requirement, please contact Dena Sherrill at dsherrill@reiok.org or jlayman@reiok.org.\r\n \r\nProgram Highlights: \r\n \r\nStructure:  This is a first and second mortgage program that are packaged together.  The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n \r\nSecond Mortgage:  The second mortgage is sized at 5% of the total first mortgage loan amount.  The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%.  There is no pre-payment penalties on the second mortgage.  Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n \r\nInterest rates:  Multiple choices of Mortgage Loan Rates will be posted daily by 360 Mortgage.  Rates are subject to change and confirmation by 360 Mortgage. \r\n  \r\nIncome Limits:  Income limits apply based on qualifying income (link to income limits). \r\nBorrower Investment:  Minimum borrower investment of 15, which must be derived from verified assets.\r\n \r\nCredit Score:  Minimum credit score of 660.\r\n \r\nMaximum DTI:  45%\r\n \r\nMortgage Insurance:  MCM 95 loans require 16% charter coverage.  MI coverage rates should match the MI coverage recommended by AUS and are subject to change.   Lenders may select from the various monthly, split and single “lender paid” MI premium plans available, subject to mortgage insurer terms and conditions.  Upfront single or split premiums may be funded by the Second Loan proceeds or from any available rebate pricing, as reflected in the daily rate sheet, or from a Seller’s concession. \r\n \r\nWe are currently working with the following MI companies:  Genworth, MGIC, and National MI.  You must follow the MI companies HFA guidelines.\r\n \r\nFirst Time Homebuyer:  No first-time homebuyer requirement.\r\n \r\nHomebuyer Education:  If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling. \r\n \r\nLender Compensation, Fees, and Purchase:  Please review the Program Guidelines for compensation, loan fees, and purchase requirements.\r\n \r\nFor Example:  Working on examples\r\n \r\nJeremy will send below information in separate email:\r\n \r\nDetailed Information for Lenders:\r\nProgram Guidelines\r\n \r\nForms: \r\nMortgagors Agreement & Disclosure Form\r\nSecond Lien Rider', 'Choice100 Program', '', 'inherit', 'open', 'open', '', '217-revision-v1', '', '', '2013-09-24 18:03:57', '2013-09-24 18:03:57', '', 217, 'http://reidownpayment.org/217-revision-3/', 0, 'revision', '', 0),
(233, 1, '2013-09-24 18:44:15', '2013-09-24 18:44:15', 'REI CHOICE100 – link to new page for choice 100 program\r\nDown Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n \r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers.  The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan.  We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance.  As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n \r\nThis program can also be used for a rate/term refinance of existing loans.  Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates).  Cash out refinances are not eligible.\r\n \r\nPlease review Program Guidelines for more detailed information, below are some highlights of the program.\r\n \r\nEligible Lenders:  Lenders must be approved as a 360 Mortgage Delegated Correspondent Lender and in good standing.  360 Mortgage requires that Lenders meet a minimum net worth requirement of $2.5 million to be eligible to sell this Program.  Lenders should contact Priscilla Bohot at (512)418-6094 or pbohot@360mortgage.com to inquire about becoming a participating lender.  If you do not meet this requirement, please contact Dena Sherrill at dsherrill@reiok.org or jlayman@reiok.org.\r\n \r\nProgram Highlights: \r\n \r\nStructure:  This is a first and second mortgage program that are packaged together.  The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n \r\nSecond Mortgage:  The second mortgage is sized at 5% of the total first mortgage loan amount.  The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%.  There is no pre-payment penalties on the second mortgage.  Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n \r\nInterest rates:  Multiple choices of Mortgage Loan Rates will be posted daily by 360 Mortgage.  Rates are subject to change and confirmation by 360 Mortgage. \r\n  \r\nIncome Limits:  Income limits apply based on qualifying income (link to income limits). \r\nBorrower Investment:  Minimum borrower investment of 15, which must be derived from verified assets.\r\n \r\nCredit Score:  Minimum credit score of 660.\r\n \r\nMaximum DTI:  45%\r\n \r\nMortgage Insurance:  MCM 95 loans require 16% charter coverage.  MI coverage rates should match the MI coverage recommended by AUS and are subject to change.   Lenders may select from the various monthly, split and single “lender paid” MI premium plans available, subject to mortgage insurer terms and conditions.  Upfront single or split premiums may be funded by the Second Loan proceeds or from any available rebate pricing, as reflected in the daily rate sheet, or from a Seller’s concession. \r\n \r\nWe are currently working with the following MI companies:  Genworth, MGIC, and National MI.  You must follow the MI companies HFA guidelines.\r\n \r\nFirst Time Homebuyer:  No first-time homebuyer requirement.\r\n \r\nHomebuyer Education:  If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling. \r\n \r\nLender Compensation, Fees, and Purchase:  Please review the Program Guidelines for compensation, loan fees, and purchase requirements.\r\n \r\nFor Example:  Working on examples\r\n \r\nJeremy will send below information in separate email:\r\n \r\nDetailed Information for Lenders:\r\nProgram Guidelines\r\n \r\nForms: \r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">MORTGAGORS AGREEMENT & DISCLOSURE FORM</a>\r\nSecond Lien Rider', 'Choice100 Program', '', 'inherit', 'open', 'open', '', '217-revision-v1', '', '', '2013-09-24 18:44:15', '2013-09-24 18:44:15', '', 217, 'http://reidownpayment.org/217-revision-4/', 0, 'revision', '', 0),
(234, 1, '2013-09-24 18:44:26', '2013-09-24 18:44:26', 'REI CHOICE100 – link to new page for choice 100 program\r\nDown Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n\r\nThis program can also be used for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nPlease review Program Guidelines for more detailed information, below are some highlights of the program.\r\n\r\nEligible Lenders: Lenders must be approved as a 360 Mortgage Delegated Correspondent Lender and in good standing. 360 Mortgage requires that Lenders meet a minimum net worth requirement of $2.5 million to be eligible to sell this Program. Lenders should contact Priscilla Bohot at (512)418-6094 or pbohot@360mortgage.com to inquire about becoming a participating lender. If you do not meet this requirement, please contact Dena Sherrill at dsherrill@reiok.org or jlayman@reiok.org.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\nSecond Mortgage: The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nInterest rates: Multiple choices of Mortgage Loan Rates will be posted daily by 360 Mortgage. Rates are subject to change and confirmation by 360 Mortgage.\r\n\r\nIncome Limits: Income limits apply based on qualifying income (link to income limits).\r\nBorrower Investment: Minimum borrower investment of 15, which must be derived from verified assets.\r\n\r\nCredit Score: Minimum credit score of 660.\r\n\r\nMaximum DTI: 45%\r\n\r\nMortgage Insurance: MCM 95 loans require 16% charter coverage. MI coverage rates should match the MI coverage recommended by AUS and are subject to change. Lenders may select from the various monthly, split and single “lender paid” MI premium plans available, subject to mortgage insurer terms and conditions. Upfront single or split premiums may be funded by the Second Loan proceeds or from any available rebate pricing, as reflected in the daily rate sheet, or from a Seller’s concession.\r\n\r\nWe are currently working with the following MI companies: Genworth, MGIC, and National MI. You must follow the MI companies HFA guidelines.\r\n\r\nFirst Time Homebuyer: No first-time homebuyer requirement.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Guidelines for compensation, loan fees, and purchase requirements.\r\n\r\nFor Example: Working on examples\r\n\r\nJeremy will send below information in separate email:\r\n\r\nDetailed Information for Lenders:\r\nProgram Guidelines\r\n\r\nForms:\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">MORTGAGORS AGREEMENT &amp; DISCLOSURE FORM</a>\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">SECOND LIEN RIDER</a>', 'Choice100 Program', '', 'inherit', 'open', 'open', '', '217-revision-v1', '', '', '2013-09-24 18:44:26', '2013-09-24 18:44:26', '', 217, 'http://reidownpayment.org/217-revision-5/', 0, 'revision', '', 0),
(235, 1, '2013-09-24 18:45:33', '2013-09-24 18:45:33', 'REI CHOICE100 – link to new page for choice 100 program\r\nDown Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n\r\nThis program can also be used for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nPlease review Program Guidelines for more detailed information, below are some highlights of the program.\r\n\r\nEligible Lenders: Lenders must be approved as a 360 Mortgage Delegated Correspondent Lender and in good standing. 360 Mortgage requires that Lenders meet a minimum net worth requirement of $2.5 million to be eligible to sell this Program. Lenders should contact Priscilla Bohot at (512)418-6094 or pbohot@360mortgage.com to inquire about becoming a participating lender. If you do not meet this requirement, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\nSecond Mortgage: The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nInterest rates: Multiple choices of Mortgage Loan Rates will be posted daily by 360 Mortgage. Rates are subject to change and confirmation by 360 Mortgage.\r\n\r\nIncome Limits: Income limits apply based on qualifying income (link to income limits).\r\nBorrower Investment: Minimum borrower investment of 15, which must be derived from verified assets.\r\n\r\nCredit Score: Minimum credit score of 660.\r\n\r\nMaximum DTI: 45%\r\n\r\nMortgage Insurance: MCM 95 loans require 16% charter coverage. MI coverage rates should match the MI coverage recommended by AUS and are subject to change. Lenders may select from the various monthly, split and single “lender paid” MI premium plans available, subject to mortgage insurer terms and conditions. Upfront single or split premiums may be funded by the Second Loan proceeds or from any available rebate pricing, as reflected in the daily rate sheet, or from a Seller’s concession.\r\n\r\nWe are currently working with the following MI companies: Genworth, MGIC, and National MI. You must follow the MI companies HFA guidelines.\r\n\r\nFirst Time Homebuyer: No first-time homebuyer requirement.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Guidelines for compensation, loan fees, and purchase requirements.\r\n\r\nFor Example: Working on examples\r\n\r\nJeremy will send below information in separate email:\r\n\r\nDetailed Information for Lenders:\r\nProgram Guidelines\r\n\r\nForms:\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">MORTGAGORS AGREEMENT &amp; DISCLOSURE FORM</a>\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">SECOND LIEN RIDER</a>', 'Choice100 Program', '', 'inherit', 'open', 'open', '', '217-revision-v1', '', '', '2013-09-24 18:45:33', '2013-09-24 18:45:33', '', 217, 'http://reidownpayment.org/217-revision-6/', 0, 'revision', '', 0);
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(236, 1, '2013-09-24 18:46:19', '2013-09-24 18:46:19', 'REI CHOICE100 – link to new page for choice 100 program\r\nDown Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n\r\nThis program can also be used for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nPlease review Program Guidelines for more detailed information, below are some highlights of the program.\r\n\r\nEligible Lenders: Lenders must be approved as a 360 Mortgage Delegated Correspondent Lender and in good standing. 360 Mortgage requires that Lenders meet a minimum net worth requirement of $2.5 million to be eligible to sell this Program. Lenders should contact Priscilla Bohot at (512)418-6094 or pbohot@360mortgage.com to inquire about becoming a participating lender. If you do not meet this requirement, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\nSecond Mortgage: The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nInterest rates: Multiple choices of Mortgage Loan Rates will be posted daily by 360 Mortgage. Rates are subject to change and confirmation by 360 Mortgage.\r\n\r\nIncome Limits: Income limits apply based on qualifying income (link to income limits).\r\nBorrower Investment: Minimum borrower investment of 15, which must be derived from verified assets.\r\n\r\nCredit Score: Minimum credit score of 660.\r\n\r\nMaximum DTI: 45%\r\n\r\nMortgage Insurance: MCM 95 loans require 16% charter coverage. MI coverage rates should match the MI coverage recommended by AUS and are subject to change. Lenders may select from the various monthly, split and single “lender paid” MI premium plans available, subject to mortgage insurer terms and conditions. Upfront single or split premiums may be funded by the Second Loan proceeds or from any available rebate pricing, as reflected in the daily rate sheet, or from a Seller’s concession.\r\n\r\nWe are currently working with the following MI companies: Genworth, MGIC, and National MI. You must follow the MI companies HFA guidelines.\r\n\r\nFirst Time Homebuyer: No first-time homebuyer requirement.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Guidelines for compensation, loan fees, and purchase requirements.\r\n\r\nFor Example: Working on examples\r\n\r\nJeremy will send below information in separate email:\r\n\r\nDetailed Information for Lenders:\r\nProgram Guidelines\r\n\r\nForms:\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">MORTGAGORS AGREEMENT &amp; DISCLOSURE FORM</a>\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">SECOND LIEN RIDER</a>', 'Choice100 Program', '', 'inherit', 'open', 'open', '', '217-revision-v1', '', '', '2013-09-24 18:46:19', '2013-09-24 18:46:19', '', 217, 'http://reidownpayment.org/217-revision-7/', 0, 'revision', '', 0),
(237, 1, '2013-09-24 18:43:20', '2013-09-24 18:43:20', 'Saving for the down payment and/or closing costs can be one of the biggest hurdles many people face when purchasing a home. To help homebuyers attain homeownership affordably, REI Down Payment Assistance offers two options. The REI Market Rate Program can help meet your closing cost needs associated with FHA, HUD 184 and Rural Development Loans. REI CHOICE100, a more versatile option, allows you and your lender to structure the mortgage loan to fit your individual closing cost and down payment requirements.\r\n\r\n<strong><a title=\"REI Market Rate Program\" href=\"http://reidownpayment.org/lenders/rei-market-rate-program/\">REI Market Rate Program</a>\r\nClosing Cost Assistance for Government Loans</strong>\r\n\r\nThe REI Market Rate Program provides the homebuyer with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nEligible closing costs for this program include title fees, pre-paid costs, escrows, lender fees, and up front mortgage insurance or guarantee fees.\r\n\r\n<a title=\"Choice100 Program\" href=\"http://reidownpayment.org/lenders/choice100-program/\">REI CHOICE100</a>\r\n<strong>Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans</strong>\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n\r\nThis program can also be used for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.', 'Lenders', '', 'inherit', 'open', 'open', '', '7-revision-v1', '', '', '2013-09-24 18:43:20', '2013-09-24 18:43:20', '', 7, 'http://reidownpayment.org/7-revision-27/', 0, 'revision', '', 0),
(239, 1, '2013-09-24 18:03:36', '2013-09-24 18:03:36', 'REI Market Rate Program – link to new page for market rate program\r\nClosing Cost Assistance for Government Loans\r\n \r\nThe REI Market Rate Program provides the homebuyer with the closing costs associated with an FHA, HUD 184, and Rural Development Loan.  Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n \r\nEligible closing costs for this program include title fees, pre-paid costs, escrows, lender fees, and up front mortgage insurance or guarantee fees. \r\n \r\nPlease review the Program Summary for more detailed information, below are some highlights of the program.\r\n \r\nEligible Lenders:  Lenders must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing.  MCC requires that lenders must meet the FHA net worth requirements and be FHA approved to be eligible for MCC Correspondent Lender status.  Lenders should contact Chris Jones, MCC at (918)749-2274 or chrisjones@mortgageclearing.com to inquire about becoming a participating lender. If you don\'t meet these requirements, please contact Dena Sherrill at dsherrill@reiok.org or Jeremy Layman at jlayman@reiok.org.\r\n \r\nProgram Highlights: \r\n \r\nStructure:  This is a first and second mortgage program that are packaged together.  The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n \r\nSecond Mortgage:  The second mortgage is sized a 3% of the total first mortgage loan amount.  The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%.  There is no pre-payment penalties on the second mortgage.   Second loan proceeds may be used to cover any gap between the FHA-insured first mortgage and the amount necessary to acquire the property, including closing costs, prepaid expenses, and payment of upfront mortgage insurance premiums and/or guarantee fees.  Borrower may be reimbursed for their earnest money and prepaid expenses. \r\n \r\nInterest Rates:  Interest rates are distributed by email daily by MCC.\r\n \r\nIncome Limits:  Income limits apply based on household income (link to income limits for FHA & HUD 184).  Rural Development standard income limits apply. \r\n \r\nCredit Score:  Minimum credit score of 640\r\n \r\nCLTV:  Cannot exceed 105%\r\n \r\nDTI:  Cannot exceed 45%\r\n \r\nFirst-Time Homebuyer:  No first-time homebuyer requirement.\r\n \r\nLender Compensation, Fees, and Purchase:  Please review the Program Summary for lender compensation, fees, and purchase information.\r\n \r\nLoan Funding:  Lender will fund the First Mortgage.  The second mortgage will be table funded by REI. \r\n \r\nFor Example:  Borrower is purchasing a home for a total first mortgage loan amount of $100,000.  The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs.  See chart below:  Still working on charts.\r\n \r\nJeremy will send below information in separate email:\r\n \r\nDetailed Information for Lenders: \r\nProgram Summary \r\n \r\nForms: \r\nLoan Registration Form\r\nMortgagors Agreement & Disclosure Form\r\nREI Down Payment Assistance Income Verification Form\r\nSecond Lien Rider\r\nREI Down Payment Assistance Wire Request Form', 'REI Market Rate Program', '', 'inherit', 'open', 'open', '', '215-revision-v1', '', '', '2013-09-24 18:03:36', '2013-09-24 18:03:36', '', 215, 'http://reidownpayment.org/215-revision-3/', 0, 'revision', '', 0),
(240, 1, '2013-09-24 18:52:01', '2013-09-24 18:52:01', 'Closing Cost Assistance for Government Loans\r\n \r\nThe REI Market Rate Program provides the homebuyer with the closing costs associated with an FHA, HUD 184, and Rural Development Loan.  Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n \r\nEligible closing costs for this program include title fees, pre-paid costs, escrows, lender fees, and up front mortgage insurance or guarantee fees. \r\n \r\nPlease review the Program Summary for more detailed information, below are some highlights of the program.\r\n \r\nEligible Lenders:  Lenders must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing.  MCC requires that lenders must meet the FHA net worth requirements and be FHA approved to be eligible for MCC Correspondent Lender status.  Lenders should contact Chris Jones, MCC at (918)749-2274 or chrisjones@mortgageclearing.com to inquire about becoming a participating lender. If you don\'t meet these requirements, please contact Dena Sherrill at dsherrill@reiok.org or Jeremy Layman at jlayman@reiok.org.\r\n \r\nProgram Highlights: \r\n \r\nStructure:  This is a first and second mortgage program that are packaged together.  The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n \r\nSecond Mortgage:  The second mortgage is sized a 3% of the total first mortgage loan amount.  The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%.  There is no pre-payment penalties on the second mortgage.   Second loan proceeds may be used to cover any gap between the FHA-insured first mortgage and the amount necessary to acquire the property, including closing costs, prepaid expenses, and payment of upfront mortgage insurance premiums and/or guarantee fees.  Borrower may be reimbursed for their earnest money and prepaid expenses. \r\n \r\nInterest Rates:  Interest rates are distributed by email daily by MCC.\r\n \r\nIncome Limits:  Income limits apply based on household income (link to income limits for FHA & HUD 184).  Rural Development standard income limits apply. \r\n \r\nCredit Score:  Minimum credit score of 640\r\n \r\nCLTV:  Cannot exceed 105%\r\n \r\nDTI:  Cannot exceed 45%\r\n \r\nFirst-Time Homebuyer:  No first-time homebuyer requirement.\r\n \r\nLender Compensation, Fees, and Purchase:  Please review the Program Summary for lender compensation, fees, and purchase information.\r\n \r\nLoan Funding:  Lender will fund the First Mortgage.  The second mortgage will be table funded by REI. \r\n \r\nFor Example:  Borrower is purchasing a home for a total first mortgage loan amount of $100,000.  The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs.  See chart below:  Still working on charts.\r\n \r\nJeremy will send below information in separate email:\r\n \r\nDetailed Information for Lenders: \r\nProgram Summary \r\n \r\nForms: \r\nLoan Registration Form\r\nMortgagors Agreement & Disclosure Form\r\nREI Down Payment Assistance Income Verification Form\r\nSecond Lien Rider\r\nREI Down Payment Assistance Wire Request Form', 'REI Market Rate Program', '', 'inherit', 'open', 'open', '', '215-revision-v1', '', '', '2013-09-24 18:52:01', '2013-09-24 18:52:01', '', 215, 'http://reidownpayment.org/215-revision-4/', 0, 'revision', '', 0),
(241, 1, '2013-09-24 18:51:04', '2013-09-24 18:51:04', 'Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n\r\nThis program can also be used for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nPlease review Program Guidelines for more detailed information, below are some highlights of the program.\r\n\r\nEligible Lenders: Lenders must be approved as a 360 Mortgage Delegated Correspondent Lender and in good standing. 360 Mortgage requires that Lenders meet a minimum net worth requirement of $2.5 million to be eligible to sell this Program. Lenders should contact Priscilla Bohot at (512)418-6094 or pbohot@360mortgage.com to inquire about becoming a participating lender. If you do not meet this requirement, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\nSecond Mortgage: The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nInterest rates: Multiple choices of Mortgage Loan Rates will be posted daily by 360 Mortgage. Rates are subject to change and confirmation by 360 Mortgage.\r\n\r\nIncome Limits: Income limits apply based on qualifying <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">Income Worksheet</a>.\r\nBorrower Investment: Minimum borrower investment of 15, which must be derived from verified assets.\r\n\r\nCredit Score: Minimum credit score of 660.\r\n\r\nMaximum DTI: 45%\r\n\r\nMortgage Insurance: MCM 95 loans require 16% charter coverage. MI coverage rates should match the MI coverage recommended by AUS and are subject to change. Lenders may select from the various monthly, split and single “lender paid” MI premium plans available, subject to mortgage insurer terms and conditions. Upfront single or split premiums may be funded by the Second Loan proceeds or from any available rebate pricing, as reflected in the daily rate sheet, or from a Seller’s concession.\r\n\r\nWe are currently working with the following MI companies: Genworth, MGIC, and National MI. You must follow the MI companies HFA guidelines.\r\n\r\nFirst Time Homebuyer: No first-time homebuyer requirement.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Guidelines for compensation, loan fees, and purchase requirements.\r\n\r\nFor Example: Working on examples\r\n\r\nJeremy will send below information in separate email:\r\n\r\nDetailed Information for Lenders:\r\nProgram Guidelines\r\n\r\nForms:\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">MORTGAGORS AGREEMENT &amp; DISCLOSURE FORM</a>\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">SECOND LIEN RIDER</a>', 'Choice100 Program', '', 'inherit', 'open', 'open', '', '217-revision-v1', '', '', '2013-09-24 18:51:04', '2013-09-24 18:51:04', '', 217, 'http://reidownpayment.org/217-revision-8/', 0, 'revision', '', 0),
(242, 1, '2013-09-24 18:55:09', '2013-09-24 18:55:09', 'Closing Cost Assistance for Government Loans\r\n \r\nThe REI Market Rate Program provides the homebuyer with the closing costs associated with an FHA, HUD 184, and Rural Development Loan.  Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n \r\nEligible closing costs for this program include title fees, pre-paid costs, escrows, lender fees, and up front mortgage insurance or guarantee fees. \r\n \r\nPlease review the Program Summary for more detailed information, below are some highlights of the program.\r\n \r\nEligible Lenders:  Lenders must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing.  MCC requires that lenders must meet the FHA net worth requirements and be FHA approved to be eligible for MCC Correspondent Lender status.  Lenders should contact Chris Jones, MCC at (918)749-2274 or chrisjones@mortgageclearing.com to inquire about becoming a participating lender. If you don\'t meet these requirements, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n \r\nProgram Highlights: \r\n \r\nStructure:  This is a first and second mortgage program that are packaged together.  The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n \r\nSecond Mortgage:  The second mortgage is sized a 3% of the total first mortgage loan amount.  The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%.  There is no pre-payment penalties on the second mortgage.   Second loan proceeds may be used to cover any gap between the FHA-insured first mortgage and the amount necessary to acquire the property, including closing costs, prepaid expenses, and payment of upfront mortgage insurance premiums and/or guarantee fees.  Borrower may be reimbursed for their earnest money and prepaid expenses. \r\n \r\nInterest Rates:  Interest rates are distributed by email daily by MCC.\r\n \r\nIncome Limits:  Income limits apply based on household <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">Income Worksheet</a> (link to income limits for FHA & HUD 184).  Rural Development standard income limits apply. \r\n \r\nCredit Score:  Minimum credit score of 640\r\n \r\nCLTV:  Cannot exceed 105%\r\n \r\nDTI:  Cannot exceed 45%\r\n \r\nFirst-Time Homebuyer:  No first-time homebuyer requirement.\r\n \r\nLender Compensation, Fees, and Purchase:  Please review the Program Summary for lender compensation, fees, and purchase information.\r\n \r\nLoan Funding:  Lender will fund the First Mortgage.  The second mortgage will be table funded by REI. \r\n \r\nFor Example:  Borrower is purchasing a home for a total first mortgage loan amount of $100,000.  The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs.  See chart below:  Still working on charts.\r\n \r\nJeremy will send below information in separate email:\r\n \r\nDetailed Information for Lenders: \r\nProgram Summary \r\n \r\nForms: \r\nLoan Registration Form\r\nMortgagors Agreement & Disclosure Form\r\nREI Down Payment Assistance Income Verification Form\r\nSecond Lien Rider\r\nREI Down Payment Assistance Wire Request Form', 'REI Market Rate Program', '', 'inherit', 'open', 'open', '', '215-revision-v1', '', '', '2013-09-24 18:55:09', '2013-09-24 18:55:09', '', 215, 'http://reidownpayment.org/215-revision-5/', 0, 'revision', '', 0),
(243, 1, '2013-09-24 18:56:53', '2013-09-24 18:56:53', 'Closing Cost Assistance for Government Loans\r\n \r\nThe REI Market Rate Program provides the homebuyer with the closing costs associated with an FHA, HUD 184, and Rural Development Loan.  Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n \r\nEligible closing costs for this program include title fees, pre-paid costs, escrows, lender fees, and up front mortgage insurance or guarantee fees. \r\n \r\nPlease review the Program Summary for more detailed information, below are some highlights of the program.\r\n \r\nEligible Lenders:  Lenders must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing.  MCC requires that lenders must meet the FHA net worth requirements and be FHA approved to be eligible for MCC Correspondent Lender status.  Lenders should contact Chris Jones, MCC at (918)749-2274 or chrisjones@mortgageclearing.com to inquire about becoming a participating lender. If you don\'t meet these requirements, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or Jeremy Layman <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n \r\nProgram Highlights: \r\n \r\nStructure:  This is a first and second mortgage program that are packaged together.  The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n \r\nSecond Mortgage:  The second mortgage is sized a 3% of the total first mortgage loan amount.  The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%.  There is no pre-payment penalties on the second mortgage.   Second loan proceeds may be used to cover any gap between the FHA-insured first mortgage and the amount necessary to acquire the property, including closing costs, prepaid expenses, and payment of upfront mortgage insurance premiums and/or guarantee fees.  Borrower may be reimbursed for their earnest money and prepaid expenses. \r\n \r\nInterest Rates:  Interest rates are distributed by email daily by MCC.\r\n \r\nIncome Limits:  Income limits apply based on household <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">Income Worksheet</a> (link to income limits for FHA & HUD 184).  Rural Development standard income limits apply. \r\n \r\nCredit Score:  Minimum credit score of 640\r\n \r\nCLTV:  Cannot exceed 105%\r\n \r\nDTI:  Cannot exceed 45%\r\n \r\nFirst-Time Homebuyer:  No first-time homebuyer requirement.\r\n \r\nLender Compensation, Fees, and Purchase:  Please review the Program Summary for lender compensation, fees, and purchase information.\r\n \r\nLoan Funding:  Lender will fund the First Mortgage.  The second mortgage will be table funded by REI. \r\n \r\nFor Example:  Borrower is purchasing a home for a total first mortgage loan amount of $100,000.  The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs.  See chart below:  Still working on charts.\r\n \r\nJeremy will send below information in separate email:\r\n \r\nDetailed Information for Lenders: \r\nProgram Summary \r\n \r\nForms: \r\nLoan Registration Form\r\nMortgagors Agreement & Disclosure Form\r\nREI Down Payment Assistance Income Verification Form\r\nSecond Lien Rider\r\nREI Down Payment Assistance Wire Request Form', 'REI Market Rate Program', '', 'inherit', 'open', 'open', '', '215-revision-v1', '', '', '2013-09-24 18:56:53', '2013-09-24 18:56:53', '', 215, 'http://reidownpayment.org/215-revision-6/', 0, 'revision', '', 0),
(244, 1, '2013-09-24 18:56:20', '2013-09-24 18:56:20', 'Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n\r\nThis program can also be used for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nPlease review Program Guidelines for more detailed information, below are some highlights of the program.\r\n\r\nEligible Lenders: Lenders must be approved as a 360 Mortgage Delegated Correspondent Lender and in good standing. 360 Mortgage requires that Lenders meet a minimum net worth requirement of $2.5 million to be eligible to sell this Program. Lenders should contact Priscilla Bohot at (512)418-6094 or pbohot@360mortgage.com to inquire about becoming a participating lender. If you do not meet this requirement, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or Jeremy Layman at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\nSecond Mortgage: The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nInterest rates: Multiple choices of Mortgage Loan Rates will be posted daily by 360 Mortgage. Rates are subject to change and confirmation by 360 Mortgage.\r\n\r\nIncome Limits: Income limits apply based on qualifying <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">Income Worksheet</a>.\r\nBorrower Investment: Minimum borrower investment of 15, which must be derived from verified assets.\r\n\r\nCredit Score: Minimum credit score of 660.\r\n\r\nMaximum DTI: 45%\r\n\r\nMortgage Insurance: MCM 95 loans require 16% charter coverage. MI coverage rates should match the MI coverage recommended by AUS and are subject to change. Lenders may select from the various monthly, split and single “lender paid” MI premium plans available, subject to mortgage insurer terms and conditions. Upfront single or split premiums may be funded by the Second Loan proceeds or from any available rebate pricing, as reflected in the daily rate sheet, or from a Seller’s concession.\r\n\r\nWe are currently working with the following MI companies: Genworth, MGIC, and National MI. You must follow the MI companies HFA guidelines.\r\n\r\nFirst Time Homebuyer: No first-time homebuyer requirement.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Guidelines for compensation, loan fees, and purchase requirements.\r\n\r\nFor Example: Working on examples\r\n\r\nJeremy will send below information in separate email:\r\n\r\nDetailed Information for Lenders:\r\nProgram Guidelines\r\n\r\nForms:\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">MORTGAGORS AGREEMENT &amp; DISCLOSURE FORM</a>\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">SECOND LIEN RIDER</a>', 'Choice100 Program', '', 'inherit', 'open', 'open', '', '217-revision-v1', '', '', '2013-09-24 18:56:20', '2013-09-24 18:56:20', '', 217, 'http://reidownpayment.org/217-revision-9/', 0, 'revision', '', 0),
(245, 1, '2013-10-16 04:23:13', '2013-10-16 04:23:13', 'Closing Cost Assistance for Government Loans\n\nThe REI Market Rate Program provides the homebuyer with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\n\nEligible closing costs for this program include title fees, pre-paid costs, escrows, lender fees, and up front mortgage insurance or guarantee fees.\n\nPlease review the Program Summary for more detailed information, below are some highlights of the program.\n\n<strong>Eligible Lenders:</strong> Lenders must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing. MCC requires that lenders must meet the FHA net worth requirements and be FHA approved to be eligible for MCC Correspondent Lender status. Lenders should contact Chris Jones, MCC at (918)749-2274 or <a href=\"mailto:chrisjones@mortgageclearing.com\">chrisjones@mortgageclearing.com</a> to inquire about becoming a participating lender. If you don\'t meet these requirements, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or Jeremy Layman <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\n\n<strong>Program Highlights:</strong>\n\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\n\n<strong>Second Mortgage:</strong> The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Second loan proceeds may be used to cover any gap between the FHA-insured first mortgage and the amount necessary to acquire the property, including closing costs, prepaid expenses, and payment of upfront mortgage insurance premiums and/or guarantee fees. Borrower may be reimbursed for their earnest money and prepaid expenses.\n\n<strong>Interest Rates:</strong> Interest rates are distributed by email daily by MCC.\n\n<strong>Income Limits:</strong> Income limits apply based on household <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">Income Worksheet</a> (link to income limits for FHA &amp; HUD 184). Rural Development standard income limits apply.\n\n<strong>Credit Score:</strong> Minimum credit score of 640\n\n<strong>CLTV:</strong> Cannot exceed 105%\n\n<strong>DTI:</strong> Cannot exceed 45%\n\n<strong>First-Time Homebuyer:</strong> No first-time homebuyer requirement.\n\nLender Compensation, Fees, and Purchase: Please review the Program Summary for lender compensation, fees, and purchase information.\n\n<strong>Loan Funding:</strong> Lender will fund the First Mortgage. The second mortgage will be table funded by REI.\n\n<strong>For Example:</strong> Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs.\n\nForms:\n<ul>\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/REIOK-MCC-Program-Summary-Closing-Costs-Only-1.pdf\">REIOK MCC Program Summary Closing Costs Only</a></li>\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Wire-Request-Form.xlsx\">REI Down Payment Assistance Wire Request Form</a></li>\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">REI Down Payment Assistance Income Verification Form</a></li>\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Loan-Registration-Form-1.xls\">Loan Registration Form</a></li>\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">Second Lien Rider</a></li>\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">Mortgagors Agreement &amp; Disclosure Form</a></li>\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/2013-Area-Median-Incomes-Bond-Program-2.pdf\">2013 Area Median Incomes - Bond Program</a></li>\n</ul>', 'REI Market Rate Program', '', 'inherit', 'open', 'open', '', '215-autosave-v1', '', '', '2013-10-16 04:23:13', '2013-10-16 04:23:13', '', 215, 'http://reidownpayment.org/215-autosave/', 0, 'revision', '', 0),
(246, 1, '2017-04-25 15:32:30', '2017-04-25 15:32:30', '[hs-faq-cat id=\"6\"]', 'REI Gift100 Conventional Loan Program FAQ', '', 'inherit', 'open', 'open', '', '217-autosave-v1', '', '', '2017-04-25 15:32:30', '2017-04-25 15:32:30', '', 217, 'http://reidownpayment.org/217-autosave/', 0, 'revision', '', 0),
(247, 1, '2013-09-16 14:54:38', '2013-09-16 14:54:38', '<div lang=\"EN-US\">\r\n\r\nREI Down Payment Assistance has created two different programs to meet your down payment and closing cost assistance needs. The programs are developed for people that have good jobs and the ability to re-pay a loan, but have not been able to save for the down payment or closing costs on a home.\r\n\r\n<a href=\"http://reidownpayment.org/market-rate-program/\">REI Market Rate Program</a> - Closing Cost Assistance for Government Loans\r\n\r\nThe REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nClosing costs associated with a home loan include title fees, pre-paid costs, escrows, lender fees, and mortgage insurance or guarantee fees charged by the governmental program.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Lenders:</strong> You may use the lender of your choice, if they are approved for the REI Market Rate Program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on household income (link to income limits for FHA &amp; HUD 184). Rural Development standard income limits apply. Please email the Market Rate Income limits to Marla.\r\n\r\n<strong>Credit Score:</strong> Minimum credit score of 640\r\n\r\n<strong>First-Time Homebuyer:</strong> You do not have to be a first-time homebuyer for this program.\r\n\r\n<strong>For Example:</strong> Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs. See chart below: We need to work on a new chart for this program. Jeremy please redo the FHA example that fits the new structure. We will probably need to assume a higher rate like around 5% on the first mortgage.\r\n\r\n<a href=\"http://reidownpayment.org/choice-100/\">REI CHOICE100</a> - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.\r\n\r\nYou can also use this program for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Lenders:</strong> You may use the lender of your choice, if they are approved for the REI Choice100 program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on qualifying income.\r\n\r\n<ul>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Bond-Program.pdf\">Bond Program</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Choice-100-Program.pdf\">Choice 100 Program</a></li>\r\n</ul>\r\n\r\n<strong>Credit Score:</strong> Minimum credit score of 680.\r\n\r\n<strong>Mortgage Insurance:</strong> Required coverage amount is lower than normal My Community Mortgage loans.\r\n\r\n<strong>First Time Homebuyer:</strong> You do not have to be a first-time homebuyer for this program.\r\n\r\n<strong>Homebuyer Education:</strong> If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\n<strong>For Example:</strong>\r\n\r\n</div>', 'Home Buyers', '', 'inherit', 'open', 'open', '', '6-revision-v1', '', '', '2013-09-16 14:54:38', '2013-09-16 14:54:38', '', 6, 'http://reidownpayment.org/6-revision-33/', 0, 'revision', '', 0),
(249, 1, '2013-09-24 18:05:29', '2013-09-24 18:05:29', '<strong>REI CHOICE100</strong> - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.\r\n\r\nYou can also use this program for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Lenders:</strong> You may use the lender of your choice, if they are approved for the REI Choice100 program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on qualifying income.\r\n<ul>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Bond-Program.pdf\">Bond Program</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Choice-100-Program.pdf\">Choice 100 Program</a></li>\r\n</ul>\r\n<strong>Credit Score:</strong> Minimum credit score of 680.\r\n\r\n<strong>Mortgage Insurance:</strong> Required coverage amount is lower than normal My Community Mortgage loans.\r\n\r\n<strong>First Time Homebuyer:</strong> You do not have to be a first-time homebuyer for this program.\r\n\r\n<strong>Homebuyer Education:</strong> If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.', 'Choice 100', '', 'inherit', 'open', 'open', '', '171-revision-v1', '', '', '2013-09-24 18:05:29', '2013-09-24 18:05:29', '', 171, 'http://reidownpayment.org/171-revision-8/', 0, 'revision', '', 0),
(250, 1, '2013-09-24 19:28:49', '2013-09-24 19:28:49', '<strong>REI CHOICE100</strong> - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.\r\n\r\nYou can also use this program for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Lenders:</strong> You may use the lender of your choice, if they are approved for the REI Choice100 program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on qualifying income.\r\n<ul>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Bond-Program.pdf\">Bond Program</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Choice-100-Program.pdf\">Choice 100 Program</a></li>\r\n</ul>\r\n<strong>Credit Score:</strong> Minimum credit score of 680.\r\n\r\n<strong>Mortgage Insurance:</strong> Required coverage amount is lower than normal My Community Mortgage loans.\r\n\r\n<strong>First Time Homebuyer:</strong> You do not have to be a first-time homebuyer for this program.\r\n\r\n<strong>Homebuyer Education:</strong> If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\n<strong>Forms:</strong>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Bond-Program-1.pdf\">2013 Area Median Incomes - Choice 100 Programs</a>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">Mortgagors Agreement &amp; Disclosure Form</a>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/Program-Guidelines-choice-100.pdf\">Program Guidelines choice 100</a>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">Second Lien Rider</a>', 'Choice 100', '', 'inherit', 'open', 'open', '', '171-revision-v1', '', '', '2013-09-24 19:28:49', '2013-09-24 19:28:49', '', 171, 'http://reidownpayment.org/171-revision-9/', 0, 'revision', '', 0);
INSERT INTO `wp_posts` (`ID`, `post_author`, `post_date`, `post_date_gmt`, `post_content`, `post_title`, `post_excerpt`, `post_status`, `comment_status`, `ping_status`, `post_password`, `post_name`, `to_ping`, `pinged`, `post_modified`, `post_modified_gmt`, `post_content_filtered`, `post_parent`, `guid`, `menu_order`, `post_type`, `post_mime_type`, `comment_count`) VALUES
(251, 1, '2013-10-15 18:28:40', '2013-10-15 18:28:40', '<img class=\"size-full wp-image-146 alignright\" alt=\"homebuyers-pic-1\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" width=\"348\" height=\"348\" />\n\n<strong>REI Market Rate Program</strong> - Closing Cost Assistance for Government Loans\n\nThe REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\n\nClosing costs associated with a home loan include title fees, pre-paid costs, escrows, lender fees, and mortgage insurance or guarantee fees charged by the governmental program.\n\n<strong>Program Highlights:</strong>\n\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\n\n<strong>Second Mortgage:</strong> The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\n\n<strong>Lenders:</strong> You may use the lender of your choice, if they are approved for the REI Market Rate Program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a>.\n\n<strong>Income Limits:</strong> Income limits apply based on household <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/2013-Area-Median-Incomes-Bond-Program-2.pdf\">income</a>. Rural Development standard income limits apply.<strong>\n</strong>\n\n<strong>Credit Score:</strong> Minimum credit score of 640\n\n<strong>First-Time Homebuyer:</strong> You do not have to be a first-time homebuyer for this program.\n\n<strong>For Example:</strong> Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs.', 'Market Rate Program', '', 'inherit', 'open', 'open', '', '168-autosave-v1', '', '', '2013-10-15 18:28:40', '2013-10-15 18:28:40', '', 168, 'http://reidownpayment.org/168-autosave/', 0, 'revision', '', 0),
(252, 1, '2013-09-24 19:30:49', '2013-09-24 19:30:49', '', 'REIOK MCC Program Summary Closing Costs Only (1)', '', 'inherit', 'open', 'open', '', 'reiok-mcc-program-summary-closing-costs-only-1', '', '', '2013-09-24 19:30:49', '2013-09-24 19:30:49', '', 168, 'http://reidownpayment.org/wp/wp-content/uploads/2013/08/REIOK-MCC-Program-Summary-Closing-Costs-Only-1.pdf', 0, 'attachment', 'application/pdf', 0),
(254, 1, '2013-09-24 18:05:38', '2013-09-24 18:05:38', '<img class=\"size-full wp-image-146 alignright\" alt=\"homebuyers-pic-1\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" width=\"348\" height=\"348\" />\r\n\r\nREI Down Payment Assistance will allow you to offer up to 100% financing to your borrowers.   We are HUD approved as an instrumentality of government for this program, therefore our funds are an eligible source of down payment.  The program is flexible and meets the needs of many Oklahoma homebuyers.  Highlights of the program are listed below:\r\n\r\n<strong>Eligible Lenders:</strong>  Must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing or be associated with an approved Third Party Originator.\r\n\r\n<strong>Structure:</strong>  This is a First and Second Loan Program offering financing to low-to-moderate income individuals and families in Oklahoma.\r\n\r\n<strong>First Mortgage Loan Types:</strong>  FHA, HUD 184, and Rural Development\r\n\r\n<strong>Structure of Assistance:</strong>  Borrower is entitled to borrow from REI Oklahoma an amount equal to 5%, 6%, or 7%, of the first mortgage total loan amount including upfront MIP.  The assistance will be in the form of a Second Mortgage at 7.375% fixed rate for 20 years.  There is no pre-payment penalty on the Second Mortgage.  Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Income Limits:  </strong>FHA &amp; HUD 184 Limits – Limits are based on household income.  You must count the income of all adult income earning household members.\r\n\r\n<strong>Rural Development Limits:</strong>   Use Rural Development’s standard income guidelines.\r\n\r\n<strong>First Mortgage Rates:</strong>  First Mortgage rates are set daily by Mortgage Clearing.  Lenders will have a 45 day lock and delivery period.\r\n\r\n<strong>Second Mortgage Rates:</strong> 7.375%\r\n\r\n<strong>Credit Score:</strong>  Minimum 620 credit score – See Program Summary for detailed information about credit score requirements.\r\n\r\n<strong>DTI:</strong>  Maximum of 45% on DU approved loans.\r\n\r\n<strong>Seller Contributions:</strong>  Allowed up to first mortgage loan program maximum guidelines.\r\n\r\n<strong>Lender Compensation/First Mortgage Fees:</strong>  There is no yield spread on the first mortgage loan, the lender will charge a 2% origination fee and Mortgage Clearing Correspondent lenders will receive an SRP.    There will also be a $295 delivery fee paid to MCC and must be disclosed on the First Mortgage.\r\n\r\n<strong>Second Mortgage Fees:</strong>  There are no fees associated with the Second Mortgage with the exception of Mortgage Tax, Recording Fees, and title company charges.\r\n\r\n<strong>FHA Loan Example:</strong> <i><span style=\"text-decoration: underline;\">\r\n</span></i>\r\n\r\nFor more detailed information please review the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/REIOKdpamccprogramsummary.pdf\">Program Summary</a> or call Dena Sherrill, REI Down Payment Assistance Program Manager at <a>800-658-2823</a> or <a>dsherrill@reiok.org</a> to become an approved lender today.\r\n\r\nProgram Information &amp; Forms:\r\n<ul>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/REIOKdpamccprogramsummary.pdf\">Program Summary</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/incomeguidelines.pdf\">Income Guidelines</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/Loan-Registration-Form.xls\">Loan Registration Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/Income-Worksheet.xls\">Family Income Worksheet</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">Mortgagor’s Agreement and Acknowledgement of Disclosure</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/SECOND-LIEN-RIDER.pdf\">Second Lien Rider</a></li>\r\n</ul>', 'Market Rate Program', '', 'inherit', 'open', 'open', '', '168-revision-v1', '', '', '2013-09-24 18:05:38', '2013-09-24 18:05:38', '', 168, 'http://reidownpayment.org/168-revision-3/', 0, 'revision', '', 0),
(255, 1, '2013-09-24 19:32:42', '2013-09-24 19:32:42', '<img class=\"size-full wp-image-146 alignright\" alt=\"homebuyers-pic-1\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" width=\"348\" height=\"348\" />\r\n\r\nREI Down Payment Assistance will allow you to offer up to 100% financing to your borrowers.   We are HUD approved as an instrumentality of government for this program, therefore our funds are an eligible source of down payment.  The program is flexible and meets the needs of many Oklahoma homebuyers.  Highlights of the program are listed below:\r\n\r\n<strong>Eligible Lenders:</strong>  Must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing or be associated with an approved Third Party Originator.\r\n\r\n<strong>Structure:</strong>  This is a First and Second Loan Program offering financing to low-to-moderate income individuals and families in Oklahoma.\r\n\r\n<strong>First Mortgage Loan Types:</strong>  FHA, HUD 184, and Rural Development\r\n\r\n<strong>Structure of Assistance:</strong>  Borrower is entitled to borrow from REI Oklahoma an amount equal to 5%, 6%, or 7%, of the first mortgage total loan amount including upfront MIP.  The assistance will be in the form of a Second Mortgage at 7.375% fixed rate for 20 years.  There is no pre-payment penalty on the Second Mortgage.  Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Income Limits:  </strong>FHA &amp; HUD 184 Limits – Limits are based on household income.  You must count the income of all adult income earning household members.\r\n\r\n<strong>Rural Development Limits:</strong>   Use Rural Development’s standard income guidelines.\r\n\r\n<strong>First Mortgage Rates:</strong>  First Mortgage rates are set daily by Mortgage Clearing.  Lenders will have a 45 day lock and delivery period.\r\n\r\n<strong>Second Mortgage Rates:</strong> 7.375%\r\n\r\n<strong>Credit Score:</strong>  Minimum 620 credit score – See Program Summary for detailed information about credit score requirements.\r\n\r\n<strong>DTI:</strong>  Maximum of 45% on DU approved loans.\r\n\r\n<strong>Seller Contributions:</strong>  Allowed up to first mortgage loan program maximum guidelines.\r\n\r\n<strong>Lender Compensation/First Mortgage Fees:</strong>  There is no yield spread on the first mortgage loan, the lender will charge a 2% origination fee and Mortgage Clearing Correspondent lenders will receive an SRP.    There will also be a $295 delivery fee paid to MCC and must be disclosed on the First Mortgage.\r\n\r\n<strong>Second Mortgage Fees:</strong>  There are no fees associated with the Second Mortgage with the exception of Mortgage Tax, Recording Fees, and title company charges.\r\n\r\n<strong>FHA Loan Example:</strong> <i><span style=\"text-decoration: underline;\">\r\n</span></i>\r\n\r\nFor more detailed information please review the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/REIOKdpamccprogramsummary.pdf\">Program Summary</a> or call Dena Sherrill, REI Down Payment Assistance Program Manager at <a>800-658-2823</a> or <a>dsherrill@reiok.org</a> to become an approved lender today.\r\n\r\nProgram Information &amp; Forms:\r\n<ul>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/REIOK-MCC-Program-Summary-Closing-Costs-Only-1.pdf\">REIOK MCC Program Summary Closing Costs Only</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Wire-Request-Form.xlsx\">REI Down Payment Assistance Wire Request Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">REI Down Payment Assistance Income Verification Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Loan-Registration-Form-1.xls\">Loan Registration Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">Second Lien Rider</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">Mortgagors Agreement &amp; Disclosure Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/2013-Area-Median-Incomes-Bond-Program-2.pdf\">2013 Area Median Incomes - Bond Program</a></li>\r\n</ul>', 'Market Rate Program', '', 'inherit', 'open', 'open', '', '168-revision-v1', '', '', '2013-09-24 19:32:42', '2013-09-24 19:32:42', '', 168, 'http://reidownpayment.org/168-revision-4/', 0, 'revision', '', 0),
(256, 1, '2013-09-24 19:29:30', '2013-09-24 19:29:30', '<strong>REI CHOICE100</strong> - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.\r\n\r\nYou can also use this program for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Lenders:</strong> You may use the lender of your choice, if they are approved for the REI Choice100 program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on qualifying income.\r\n<ul>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Bond-Program.pdf\">Bond Program</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Choice-100-Program.pdf\">Choice 100 Program</a></li>\r\n</ul>\r\n<strong>Credit Score:</strong> Minimum credit score of 680.\r\n\r\n<strong>Mortgage Insurance:</strong> Required coverage amount is lower than normal My Community Mortgage loans.\r\n\r\n<strong>First Time Homebuyer:</strong> You do not have to be a first-time homebuyer for this program.\r\n\r\n<strong>Homebuyer Education:</strong> If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\n<strong>Forms:</strong>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Bond-Program-1.pdf\">2013 Area Median Incomes - Choice 100 Programs</a>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">Mortgagors Agreement &amp; Disclosure Form</a>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/Program-Guidelines-choice-100.pdf\">Program Guidelines choice 100</a>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">Second Lien Rider</a>', 'Choice 100', '', 'inherit', 'open', 'open', '', '171-revision-v1', '', '', '2013-09-24 19:29:30', '2013-09-24 19:29:30', '', 171, 'http://reidownpayment.org/171-revision-10/', 0, 'revision', '', 0),
(257, 1, '2013-09-24 19:32:52', '2013-09-24 19:32:52', '<img class=\"size-full wp-image-146 alignright\" alt=\"homebuyers-pic-1\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" width=\"348\" height=\"348\" />\r\n\r\nREI Down Payment Assistance will allow you to offer up to 100% financing to your borrowers.   We are HUD approved as an instrumentality of government for this program, therefore our funds are an eligible source of down payment.  The program is flexible and meets the needs of many Oklahoma homebuyers.  Highlights of the program are listed below:\r\n\r\n<strong>Eligible Lenders:</strong>  Must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing or be associated with an approved Third Party Originator.\r\n\r\n<strong>Structure:</strong>  This is a First and Second Loan Program offering financing to low-to-moderate income individuals and families in Oklahoma.\r\n\r\n<strong>First Mortgage Loan Types:</strong>  FHA, HUD 184, and Rural Development\r\n\r\n<strong>Structure of Assistance:</strong>  Borrower is entitled to borrow from REI Oklahoma an amount equal to 5%, 6%, or 7%, of the first mortgage total loan amount including upfront MIP.  The assistance will be in the form of a Second Mortgage at 7.375% fixed rate for 20 years.  There is no pre-payment penalty on the Second Mortgage.  Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Income Limits:  </strong>FHA &amp; HUD 184 Limits – Limits are based on household income.  You must count the income of all adult income earning household members.\r\n\r\n<strong>Rural Development Limits:</strong>   Use Rural Development’s standard income guidelines.\r\n\r\n<strong>First Mortgage Rates:</strong>  First Mortgage rates are set daily by Mortgage Clearing.  Lenders will have a 45 day lock and delivery period.\r\n\r\n<strong>Second Mortgage Rates:</strong> 7.375%\r\n\r\n<strong>Credit Score:</strong>  Minimum 620 credit score – See Program Summary for detailed information about credit score requirements.\r\n\r\n<strong>DTI:</strong>  Maximum of 45% on DU approved loans.\r\n\r\n<strong>Seller Contributions:</strong>  Allowed up to first mortgage loan program maximum guidelines.\r\n\r\n<strong>Lender Compensation/First Mortgage Fees:</strong>  There is no yield spread on the first mortgage loan, the lender will charge a 2% origination fee and Mortgage Clearing Correspondent lenders will receive an SRP.    There will also be a $295 delivery fee paid to MCC and must be disclosed on the First Mortgage.\r\n\r\n<strong>Second Mortgage Fees:</strong>  There are no fees associated with the Second Mortgage with the exception of Mortgage Tax, Recording Fees, and title company charges.\r\n\r\n<strong>FHA Loan Example:</strong> <i><span style=\"text-decoration: underline;\">\r\n</span></i>\r\n\r\nFor more detailed information please review the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/REIOKdpamccprogramsummary.pdf\">Program Summary</a> or call Dena Sherrill, REI Down Payment Assistance Program Manager at <a>800-658-2823</a> or <a>dsherrill@reiok.org</a> to become an approved lender today.\r\n\r\nProgram Information &amp; Forms:\r\n<ul>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/REIOK-MCC-Program-Summary-Closing-Costs-Only-1.pdf\">REIOK MCC Program Summary Closing Costs Only</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Wire-Request-Form.xlsx\">REI Down Payment Assistance Wire Request Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">REI Down Payment Assistance Income Verification Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Loan-Registration-Form-1.xls\">Loan Registration Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">Second Lien Rider</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">Mortgagors Agreement &amp; Disclosure Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/2013-Area-Median-Incomes-Bond-Program-2.pdf\">2013 Area Median Incomes - Bond Program</a></li>\r\n</ul>', 'Market Rate Program', '', 'inherit', 'open', 'open', '', '168-revision-v1', '', '', '2013-09-24 19:32:52', '2013-09-24 19:32:52', '', 168, 'http://reidownpayment.org/168-revision-5/', 0, 'revision', '', 0),
(258, 1, '2013-09-24 19:01:45', '2013-09-24 19:01:45', 'Closing Cost Assistance for Government Loans\r\n\r\nThe REI Market Rate Program provides the homebuyer with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nEligible closing costs for this program include title fees, pre-paid costs, escrows, lender fees, and up front mortgage insurance or guarantee fees.\r\n\r\nPlease review the Program Summary for more detailed information, below are some highlights of the program.\r\n\r\nEligible Lenders: Lenders must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing. MCC requires that lenders must meet the FHA net worth requirements and be FHA approved to be eligible for MCC Correspondent Lender status. Lenders should contact Chris Jones, MCC at (918)749-2274 or chrisjones@mortgageclearing.com to inquire about becoming a participating lender. If you don\'t meet these requirements, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or Jeremy Layman <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n\r\nSecond Mortgage: The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Second loan proceeds may be used to cover any gap between the FHA-insured first mortgage and the amount necessary to acquire the property, including closing costs, prepaid expenses, and payment of upfront mortgage insurance premiums and/or guarantee fees. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nInterest Rates: Interest rates are distributed by email daily by MCC.\r\n\r\nIncome Limits: Income limits apply based on household <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">Income Worksheet</a> (link to income limits for FHA &amp; HUD 184). Rural Development standard income limits apply.\r\n\r\nCredit Score: Minimum credit score of 640\r\n\r\nCLTV: Cannot exceed 105%\r\n\r\nDTI: Cannot exceed 45%\r\n\r\nFirst-Time Homebuyer: No first-time homebuyer requirement.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Summary for lender compensation, fees, and purchase information.\r\n\r\nLoan Funding: Lender will fund the First Mortgage. The second mortgage will be table funded by REI.\r\n\r\nFor Example: Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs. See chart below: Still working on charts.\r\n\r\nJeremy will send below information in separate email:\r\n\r\nDetailed Information for Lenders:\r\nProgram Summary\r\n\r\nForms:\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Loan-Registration-Form-1.xls\">Loan Registration Form</a>\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">Mortgagors Agreement &amp; Disclosure Form</a>\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">REI Down Payment Assistance Income Verification Form</a>\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">Second Lien Rider</a>\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Wire-Request-Form.xlsx\">REI Down Payment Assistance Wire Request Form</a>', 'REI Market Rate Program', '', 'inherit', 'open', 'open', '', '215-revision-v1', '', '', '2013-09-24 19:01:45', '2013-09-24 19:01:45', '', 215, 'http://reidownpayment.org/215-revision-7/', 0, 'revision', '', 0),
(259, 1, '2013-09-24 19:02:38', '2013-09-24 19:02:38', 'Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n\r\nThis program can also be used for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nPlease review Program Guidelines for more detailed information, below are some highlights of the program.\r\n\r\nEligible Lenders: Lenders must be approved as a 360 Mortgage Delegated Correspondent Lender and in good standing. 360 Mortgage requires that Lenders meet a minimum net worth requirement of $2.5 million to be eligible to sell this Program. Lenders should contact Priscilla Bohot at (512)418-6094 or pbohot@360mortgage.com to inquire about becoming a participating lender. If you do not meet this requirement, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or Jeremy Layman at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\nSecond Mortgage: The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nInterest rates: Multiple choices of Mortgage Loan Rates will be posted daily by 360 Mortgage. Rates are subject to change and confirmation by 360 Mortgage.\r\n\r\nIncome Limits: Income limits apply based on qualifying <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">Income Worksheet</a>.\r\nBorrower Investment: Minimum borrower investment of 15, which must be derived from verified assets.\r\n\r\nCredit Score: Minimum credit score of 660.\r\n\r\nMaximum DTI: 45%\r\n\r\nMortgage Insurance: MCM 95 loans require 16% charter coverage. MI coverage rates should match the MI coverage recommended by AUS and are subject to change. Lenders may select from the various monthly, split and single “lender paid” MI premium plans available, subject to mortgage insurer terms and conditions. Upfront single or split premiums may be funded by the Second Loan proceeds or from any available rebate pricing, as reflected in the daily rate sheet, or from a Seller’s concession.\r\n\r\nWe are currently working with the following MI companies: Genworth, MGIC, and National MI. You must follow the MI companies HFA guidelines.\r\n\r\nFirst Time Homebuyer: No first-time homebuyer requirement.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Guidelines for compensation, loan fees, and purchase requirements.\r\n\r\nFor Example: Working on examples\r\n\r\nJeremy will send below information in separate email:\r\n\r\nDetailed Information for Lenders:\r\nProgram Guidelines\r\n\r\nForms:\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">Mortgagors Agreement & Disclosure Form</a>\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">Second Lien Rider</a>', 'Choice100 Program', '', 'inherit', 'open', 'open', '', '217-revision-v1', '', '', '2013-09-24 19:02:38', '2013-09-24 19:02:38', '', 217, 'http://reidownpayment.org/217-revision-10/', 0, 'revision', '', 0),
(260, 1, '2013-09-24 19:43:24', '2013-09-24 19:43:24', 'Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n\r\nThis program can also be used for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nPlease review Program Guidelines for more detailed information, below are some highlights of the program.\r\n\r\nEligible Lenders: Lenders must be approved as a 360 Mortgage Delegated Correspondent Lender and in good standing. 360 Mortgage requires that Lenders meet a minimum net worth requirement of $2.5 million to be eligible to sell this Program. Lenders should contact Priscilla Bohot at (512)418-6094 or pbohot@360mortgage.com to inquire about becoming a participating lender. If you do not meet this requirement, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or Jeremy Layman at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\nSecond Mortgage: The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nInterest rates: Multiple choices of Mortgage Loan Rates will be posted daily by 360 Mortgage. Rates are subject to change and confirmation by 360 Mortgage.\r\n\r\nIncome Limits: Income limits apply based on qualifying <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">Income Worksheet</a>.\r\nBorrower Investment: Minimum borrower investment of 15, which must be derived from verified assets.\r\n\r\nCredit Score: Minimum credit score of 660.\r\n\r\nMaximum DTI: 45%\r\n\r\nMortgage Insurance: MCM 95 loans require 16% charter coverage. MI coverage rates should match the MI coverage recommended by AUS and are subject to change. Lenders may select from the various monthly, split and single “lender paid” MI premium plans available, subject to mortgage insurer terms and conditions. Upfront single or split premiums may be funded by the Second Loan proceeds or from any available rebate pricing, as reflected in the daily rate sheet, or from a Seller’s concession.\r\n\r\nWe are currently working with the following MI companies: Genworth, MGIC, and National MI. You must follow the MI companies HFA guidelines.\r\n\r\nFirst Time Homebuyer: No first-time homebuyer requirement.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Guidelines for compensation, loan fees, and purchase requirements.\r\n\r\nFor Example: Working on examples\r\n\r\nJeremy will send below information in separate email:\r\n\r\nDetailed Information for Lenders:\r\nProgram Guidelines\r\n\r\nForms:\r\n\r\n&lt;strong&gt;Forms:&lt;/strong&gt;\r\n\r\n&lt;a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Bond-Program-1.pdf\"&gt;2013 Area Median Incomes - Choice 100 Programs&lt;/a&gt;\r\n\r\n&lt;a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\"&gt;Mortgagors Agreement &amp;amp; Disclosure Form&lt;/a&gt;\r\n\r\n&lt;a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/Program-Guidelines-choice-100.pdf\"&gt;Program Guidelines choice 100&lt;/a&gt;\r\n\r\n&lt;a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\"&gt;Second Lien Rider&lt;/a&gt;', 'Choice100 Program', '', 'inherit', 'open', 'open', '', '217-revision-v1', '', '', '2013-09-24 19:43:24', '2013-09-24 19:43:24', '', 217, 'http://reidownpayment.org/217-revision-11/', 0, 'revision', '', 0),
(261, 1, '2013-09-24 19:43:45', '2013-09-24 19:43:45', 'Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n\r\nThis program can also be used for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nPlease review Program Guidelines for more detailed information, below are some highlights of the program.\r\n\r\nEligible Lenders: Lenders must be approved as a 360 Mortgage Delegated Correspondent Lender and in good standing. 360 Mortgage requires that Lenders meet a minimum net worth requirement of $2.5 million to be eligible to sell this Program. Lenders should contact Priscilla Bohot at (512)418-6094 or pbohot@360mortgage.com to inquire about becoming a participating lender. If you do not meet this requirement, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or Jeremy Layman at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\nSecond Mortgage: The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nInterest rates: Multiple choices of Mortgage Loan Rates will be posted daily by 360 Mortgage. Rates are subject to change and confirmation by 360 Mortgage.\r\n\r\nIncome Limits: Income limits apply based on qualifying <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">Income Worksheet</a>.\r\nBorrower Investment: Minimum borrower investment of 15, which must be derived from verified assets.\r\n\r\nCredit Score: Minimum credit score of 660.\r\n\r\nMaximum DTI: 45%\r\n\r\nMortgage Insurance: MCM 95 loans require 16% charter coverage. MI coverage rates should match the MI coverage recommended by AUS and are subject to change. Lenders may select from the various monthly, split and single “lender paid” MI premium plans available, subject to mortgage insurer terms and conditions. Upfront single or split premiums may be funded by the Second Loan proceeds or from any available rebate pricing, as reflected in the daily rate sheet, or from a Seller’s concession.\r\n\r\nWe are currently working with the following MI companies: Genworth, MGIC, and National MI. You must follow the MI companies HFA guidelines.\r\n\r\nFirst Time Homebuyer: No first-time homebuyer requirement.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Guidelines for compensation, loan fees, and purchase requirements.\r\n\r\nFor Example: Working on examples\r\n\r\nJeremy will send below information in separate email:\r\n\r\nDetailed Information for Lenders:\r\nProgram Guidelines\r\n\r\nForms:\r\n\r\n&lt;strong&gt;Forms:&lt;/strong&gt;\r\n\r\n&lt;a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Bond-Program-1.pdf\"&gt;2013 Area Median Incomes - Choice 100 Programs&lt;/a&gt;\r\n\r\n&lt;a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\"&gt;Mortgagors Agreement &amp;amp; Disclosure Form&lt;/a&gt;\r\n\r\n&lt;a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/Program-Guidelines-choice-100.pdf\"&gt;Program Guidelines choice 100&lt;/a&gt;\r\n\r\n&lt;a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\"&gt;Second Lien Rider&lt;/a&gt;', 'Choice100 Program', '', 'inherit', 'open', 'open', '', '217-revision-v1', '', '', '2013-09-24 19:43:45', '2013-09-24 19:43:45', '', 217, 'http://reidownpayment.org/217-revision-12/', 0, 'revision', '', 0),
(262, 1, '2013-09-24 19:43:45', '2013-09-24 19:43:45', 'Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n\r\nThis program can also be used for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nPlease review Program Guidelines for more detailed information, below are some highlights of the program.\r\n\r\nEligible Lenders: Lenders must be approved as a 360 Mortgage Delegated Correspondent Lender and in good standing. 360 Mortgage requires that Lenders meet a minimum net worth requirement of $2.5 million to be eligible to sell this Program. Lenders should contact Priscilla Bohot at (512)418-6094 or pbohot@360mortgage.com to inquire about becoming a participating lender. If you do not meet this requirement, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or Jeremy Layman at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\nSecond Mortgage: The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nInterest rates: Multiple choices of Mortgage Loan Rates will be posted daily by 360 Mortgage. Rates are subject to change and confirmation by 360 Mortgage.\r\n\r\nIncome Limits: Income limits apply based on qualifying <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">Income Worksheet</a>.\r\nBorrower Investment: Minimum borrower investment of 15, which must be derived from verified assets.\r\n\r\nCredit Score: Minimum credit score of 660.\r\n\r\nMaximum DTI: 45%\r\n\r\nMortgage Insurance: MCM 95 loans require 16% charter coverage. MI coverage rates should match the MI coverage recommended by AUS and are subject to change. Lenders may select from the various monthly, split and single “lender paid” MI premium plans available, subject to mortgage insurer terms and conditions. Upfront single or split premiums may be funded by the Second Loan proceeds or from any available rebate pricing, as reflected in the daily rate sheet, or from a Seller’s concession.\r\n\r\nWe are currently working with the following MI companies: Genworth, MGIC, and National MI. You must follow the MI companies HFA guidelines.\r\n\r\nFirst Time Homebuyer: No first-time homebuyer requirement.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Guidelines for compensation, loan fees, and purchase requirements.\r\n\r\nFor Example: Working on examples\r\n\r\nJeremy will send below information in separate email:\r\n\r\nDetailed Information for Lenders:\r\nProgram Guidelines\r\n\r\nForms:\r\n\r\n&lt;strong&gt;Forms:&lt;/strong&gt;\r\n\r\n&lt;a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Bond-Program-1.pdf\"&gt;2013 Area Median Incomes - Choice 100 Programs&lt;/a&gt;\r\n\r\n&lt;a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\"&gt;Mortgagors Agreement &amp;amp; Disclosure Form&lt;/a&gt;\r\n\r\n&lt;a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/Program-Guidelines-choice-100.pdf\"&gt;Program Guidelines choice 100&lt;/a&gt;\r\n\r\n&lt;a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\"&gt;Second Lien Rider&lt;/a&gt;', 'Choice100 Program', '', 'inherit', 'open', 'open', '', '217-revision-v1', '', '', '2013-09-24 19:43:45', '2013-09-24 19:43:45', '', 217, 'http://reidownpayment.org/217-revision-13/', 0, 'revision', '', 0),
(263, 1, '2013-09-24 19:51:04', '2013-09-24 19:51:04', 'Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n\r\nThis program can also be used for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nPlease review Program Guidelines for more detailed information, below are some highlights of the program.\r\n\r\nEligible Lenders: Lenders must be approved as a 360 Mortgage Delegated Correspondent Lender and in good standing. 360 Mortgage requires that Lenders meet a minimum net worth requirement of $2.5 million to be eligible to sell this Program. Lenders should contact Priscilla Bohot at (512)418-6094 or pbohot@360mortgage.com to inquire about becoming a participating lender. If you do not meet this requirement, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or Jeremy Layman at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\nSecond Mortgage: The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nInterest rates: Multiple choices of Mortgage Loan Rates will be posted daily by 360 Mortgage. Rates are subject to change and confirmation by 360 Mortgage.\r\n\r\nIncome Limits: Income limits apply based on qualifying <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">Income Worksheet</a>.\r\nBorrower Investment: Minimum borrower investment of 15, which must be derived from verified assets.\r\n\r\nCredit Score: Minimum credit score of 660.\r\n\r\nMaximum DTI: 45%\r\n\r\nMortgage Insurance: MCM 95 loans require 16% charter coverage. MI coverage rates should match the MI coverage recommended by AUS and are subject to change. Lenders may select from the various monthly, split and single “lender paid” MI premium plans available, subject to mortgage insurer terms and conditions. Upfront single or split premiums may be funded by the Second Loan proceeds or from any available rebate pricing, as reflected in the daily rate sheet, or from a Seller’s concession.\r\n\r\nWe are currently working with the following MI companies: Genworth, MGIC, and National MI. You must follow the MI companies HFA guidelines.\r\n\r\nFirst Time Homebuyer: No first-time homebuyer requirement.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Guidelines for compensation, loan fees, and purchase requirements.\r\n\r\nFor Example: Working on examples\r\n\r\nJeremy will send below information in separate email:\r\n\r\nDetailed Information for Lenders:\r\nProgram Guidelines\r\n\r\n<strong>Forms:</strong>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Bond-Program-1.pdf\">2013 Area Median Incomes - Choice 100 Programs</a>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">Mortgagors Agreement &amp; Disclosure Form</a>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/Program-Guidelines-choice-100.pdf\">Program Guidelines choice 100</a>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">Second Lien Rider</a>', 'Choice100 Program', '', 'inherit', 'open', 'open', '', '217-revision-v1', '', '', '2013-09-24 19:51:04', '2013-09-24 19:51:04', '', 217, 'http://reidownpayment.org/217-revision-14/', 0, 'revision', '', 0);
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(264, 1, '2013-09-24 19:41:03', '2013-09-24 19:41:03', '<strong>REI CHOICE100</strong> - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.\r\n\r\nYou can also use this program for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Lenders:</strong> You may use the lender of your choice, if they are approved for the REI Choice100 program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on qualifying income.\r\n<ul>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Bond-Program.pdf\">Bond Program</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Choice-100-Program.pdf\">Choice 100 Program</a></li>\r\n</ul>\r\n<strong>Credit Score:</strong> Minimum credit score of 680.\r\n\r\n<strong>Mortgage Insurance:</strong> Required coverage amount is lower than normal My Community Mortgage loans.\r\n\r\n<strong>First Time Homebuyer:</strong> You do not have to be a first-time homebuyer for this program.\r\n\r\n<strong>Homebuyer Education:</strong> If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\n<strong>Forms:</strong>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Bond-Program-1.pdf\">2013 Area Median Incomes - Choice 100 Programs</a>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">Mortgagors Agreement &amp; Disclosure Form</a>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/Program-Guidelines-choice-100.pdf\">Program Guidelines choice 100</a>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">Second Lien Rider</a>', 'Choice 100', '', 'inherit', 'open', 'open', '', '171-revision-v1', '', '', '2013-09-24 19:41:03', '2013-09-24 19:41:03', '', 171, 'http://reidownpayment.org/171-revision-11/', 0, 'revision', '', 0),
(265, 1, '2013-09-24 19:41:05', '2013-09-24 19:41:05', '<img class=\"size-full wp-image-146 alignright\" alt=\"homebuyers-pic-1\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" width=\"348\" height=\"348\" />\r\n\r\nREI Down Payment Assistance will allow you to offer up to 100% financing to your borrowers.   We are HUD approved as an instrumentality of government for this program, therefore our funds are an eligible source of down payment.  The program is flexible and meets the needs of many Oklahoma homebuyers.  Highlights of the program are listed below:\r\n\r\n<strong>Eligible Lenders:</strong>  Must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing or be associated with an approved Third Party Originator.\r\n\r\n<strong>Structure:</strong>  This is a First and Second Loan Program offering financing to low-to-moderate income individuals and families in Oklahoma.\r\n\r\n<strong>First Mortgage Loan Types:</strong>  FHA, HUD 184, and Rural Development\r\n\r\n<strong>Structure of Assistance:</strong>  Borrower is entitled to borrow from REI Oklahoma an amount equal to 5%, 6%, or 7%, of the first mortgage total loan amount including upfront MIP.  The assistance will be in the form of a Second Mortgage at 7.375% fixed rate for 20 years.  There is no pre-payment penalty on the Second Mortgage.  Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Income Limits:  </strong>FHA &amp; HUD 184 Limits – Limits are based on household income.  You must count the income of all adult income earning household members.\r\n\r\n<strong>Rural Development Limits:</strong>   Use Rural Development’s standard income guidelines.\r\n\r\n<strong>First Mortgage Rates:</strong>  First Mortgage rates are set daily by Mortgage Clearing.  Lenders will have a 45 day lock and delivery period.\r\n\r\n<strong>Second Mortgage Rates:</strong> 7.375%\r\n\r\n<strong>Credit Score:</strong>  Minimum 620 credit score – See Program Summary for detailed information about credit score requirements.\r\n\r\n<strong>DTI:</strong>  Maximum of 45% on DU approved loans.\r\n\r\n<strong>Seller Contributions:</strong>  Allowed up to first mortgage loan program maximum guidelines.\r\n\r\n<strong>Lender Compensation/First Mortgage Fees:</strong>  There is no yield spread on the first mortgage loan, the lender will charge a 2% origination fee and Mortgage Clearing Correspondent lenders will receive an SRP.    There will also be a $295 delivery fee paid to MCC and must be disclosed on the First Mortgage.\r\n\r\n<strong>Second Mortgage Fees:</strong>  There are no fees associated with the Second Mortgage with the exception of Mortgage Tax, Recording Fees, and title company charges.\r\n\r\n<strong>FHA Loan Example:</strong> <i><span style=\"text-decoration: underline;\">\r\n</span></i>\r\n\r\nFor more detailed information please review the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/REIOKdpamccprogramsummary.pdf\">Program Summary</a> or call Dena Sherrill, REI Down Payment Assistance Program Manager at <a>800-658-2823</a> or <a>dsherrill@reiok.org</a> to become an approved lender today.\r\n\r\nProgram Information &amp; Forms:\r\n<ul>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/REIOK-MCC-Program-Summary-Closing-Costs-Only-1.pdf\">REIOK MCC Program Summary Closing Costs Only</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Wire-Request-Form.xlsx\">REI Down Payment Assistance Wire Request Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">REI Down Payment Assistance Income Verification Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Loan-Registration-Form-1.xls\">Loan Registration Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">Second Lien Rider</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">Mortgagors Agreement &amp; Disclosure Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/2013-Area-Median-Incomes-Bond-Program-2.pdf\">2013 Area Median Incomes - Bond Program</a></li>\r\n</ul>', 'Market Rate Program', '', 'inherit', 'open', 'open', '', '168-revision-v1', '', '', '2013-09-24 19:41:05', '2013-09-24 19:41:05', '', 168, 'http://reidownpayment.org/168-revision-6/', 0, 'revision', '', 0),
(266, 1, '2013-09-24 19:55:37', '2013-09-24 19:55:37', '<img class=\"size-full wp-image-146 alignright\" alt=\"homebuyers-pic-1\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" width=\"348\" height=\"348\" />\r\n\r\nREI Down Payment Assistance will allow you to offer up to 100% financing to your borrowers.   We are HUD approved as an instrumentality of government for this program, therefore our funds are an eligible source of down payment.  The program is flexible and meets the needs of many Oklahoma homebuyers.  Highlights of the program are listed below:\r\n\r\n<strong>Eligible Lenders:</strong>  Must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing or be associated with an approved Third Party Originator.\r\n\r\n<strong>Structure:</strong>  This is a First and Second Loan Program offering financing to low-to-moderate income individuals and families in Oklahoma.\r\n\r\n<strong>First Mortgage Loan Types:</strong>  FHA, HUD 184, and Rural Development\r\n\r\n<strong>Structure of Assistance:</strong>  Borrower is entitled to borrow from REI Oklahoma an amount equal to 5%, 6%, or 7%, of the first mortgage total loan amount including upfront MIP.  The assistance will be in the form of a Second Mortgage at 7.375% fixed rate for 20 years.  There is no pre-payment penalty on the Second Mortgage.  Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Income Limits:  </strong>FHA &amp; HUD 184 Limits – Limits are based on household income.  You must count the income of all adult income earning household members.\r\n\r\n<strong>Rural Development Limits:</strong>   Use Rural Development’s standard income guidelines.\r\n\r\n<strong>First Mortgage Rates:</strong>  First Mortgage rates are set daily by Mortgage Clearing.  Lenders will have a 45 day lock and delivery period.\r\n\r\n<strong>Second Mortgage Rates:</strong> 7.375%\r\n\r\n<strong>Credit Score:</strong>  Minimum 620 credit score – See Program Summary for detailed information about credit score requirements.\r\n\r\n<strong>DTI:</strong>  Maximum of 45% on DU approved loans.\r\n\r\n<strong>Seller Contributions:</strong>  Allowed up to first mortgage loan program maximum guidelines.\r\n\r\n<strong>Lender Compensation/First Mortgage Fees:</strong>  There is no yield spread on the first mortgage loan, the lender will charge a 2% origination fee and Mortgage Clearing Correspondent lenders will receive an SRP.    There will also be a $295 delivery fee paid to MCC and must be disclosed on the First Mortgage.\r\n\r\n<strong>Second Mortgage Fees:</strong>  There are no fees associated with the Second Mortgage with the exception of Mortgage Tax, Recording Fees, and title company charges.\r\n\r\n<strong>FHA Loan Example:</strong> <i><span style=\"text-decoration: underline;\">\r\n</span></i>\r\n\r\nFor more detailed information please review the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/REIOKdpamccprogramsummary.pdf\">Program Summary</a> or call Dena Sherrill, REI Down Payment Assistance Program Manager at <a>800-658-2823</a> or <a>dsherrill@reiok.org</a> to become an approved lender today.\r\n\r\nProgram Information &amp; Forms:\r\n<ul>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/2013-Area-Median-Incomes-Bond-Program-2.pdf\">2013 Area Median Incomes - Bond Program</a></li>\r\n</ul>', 'Market Rate Program', '', 'inherit', 'open', 'open', '', '168-revision-v1', '', '', '2013-09-24 19:55:37', '2013-09-24 19:55:37', '', 168, 'http://reidownpayment.org/168-revision-7/', 0, 'revision', '', 0),
(267, 1, '2013-09-24 19:55:48', '2013-09-24 19:55:48', '<img class=\"size-full wp-image-146 alignright\" alt=\"homebuyers-pic-1\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" width=\"348\" height=\"348\" />\r\n\r\nREI Down Payment Assistance will allow you to offer up to 100% financing to your borrowers.   We are HUD approved as an instrumentality of government for this program, therefore our funds are an eligible source of down payment.  The program is flexible and meets the needs of many Oklahoma homebuyers.  Highlights of the program are listed below:\r\n\r\n<strong>Eligible Lenders:</strong>  Must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing or be associated with an approved Third Party Originator.\r\n\r\n<strong>Structure:</strong>  This is a First and Second Loan Program offering financing to low-to-moderate income individuals and families in Oklahoma.\r\n\r\n<strong>First Mortgage Loan Types:</strong>  FHA, HUD 184, and Rural Development\r\n\r\n<strong>Structure of Assistance:</strong>  Borrower is entitled to borrow from REI Oklahoma an amount equal to 5%, 6%, or 7%, of the first mortgage total loan amount including upfront MIP.  The assistance will be in the form of a Second Mortgage at 7.375% fixed rate for 20 years.  There is no pre-payment penalty on the Second Mortgage.  Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Income Limits:  </strong>FHA &amp; HUD 184 Limits – Limits are based on household income.  You must count the income of all adult income earning household members.\r\n\r\n<strong>Rural Development Limits:</strong>   Use Rural Development’s standard income guidelines.\r\n\r\n<strong>First Mortgage Rates:</strong>  First Mortgage rates are set daily by Mortgage Clearing.  Lenders will have a 45 day lock and delivery period.\r\n\r\n<strong>Second Mortgage Rates:</strong> 7.375%\r\n\r\n<strong>Credit Score:</strong>  Minimum 620 credit score – See Program Summary for detailed information about credit score requirements.\r\n\r\n<strong>DTI:</strong>  Maximum of 45% on DU approved loans.\r\n\r\n<strong>Seller Contributions:</strong>  Allowed up to first mortgage loan program maximum guidelines.\r\n\r\n<strong>Lender Compensation/First Mortgage Fees:</strong>  There is no yield spread on the first mortgage loan, the lender will charge a 2% origination fee and Mortgage Clearing Correspondent lenders will receive an SRP.    There will also be a $295 delivery fee paid to MCC and must be disclosed on the First Mortgage.\r\n\r\n<strong>Second Mortgage Fees:</strong>  There are no fees associated with the Second Mortgage with the exception of Mortgage Tax, Recording Fees, and title company charges.\r\n\r\n<strong>FHA Loan Example:</strong> <i><span style=\"text-decoration: underline;\">\r\n</span></i>\r\n\r\nFor more detailed information please review the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/REIOKdpamccprogramsummary.pdf\">Program Summary</a> or call Dena Sherrill, REI Down Payment Assistance Program Manager at <a>800-658-2823</a> or <a>dsherrill@reiok.org</a> to become an approved lender today.\r\n\r\nProgram Information &amp; Forms:\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/2013-Area-Median-Incomes-Bond-Program-2.pdf\">2013 Area Median Incomes - Bond Program</a>', 'Market Rate Program', '', 'inherit', 'open', 'open', '', '168-revision-v1', '', '', '2013-09-24 19:55:48', '2013-09-24 19:55:48', '', 168, 'http://reidownpayment.org/168-revision-8/', 0, 'revision', '', 0),
(268, 1, '2013-09-24 19:52:10', '2013-09-24 19:52:10', 'Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n\r\nThis program can also be used for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nPlease review Program Guidelines for more detailed information, below are some highlights of the program.\r\n\r\nEligible Lenders: Lenders must be approved as a 360 Mortgage Delegated Correspondent Lender and in good standing. 360 Mortgage requires that Lenders meet a minimum net worth requirement of $2.5 million to be eligible to sell this Program. Lenders should contact Priscilla Bohot at (512)418-6094 or pbohot@360mortgage.com to inquire about becoming a participating lender. If you do not meet this requirement, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or Jeremy Layman at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\nSecond Mortgage: The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nInterest rates: Multiple choices of Mortgage Loan Rates will be posted daily by 360 Mortgage. Rates are subject to change and confirmation by 360 Mortgage.\r\n\r\nIncome Limits: Income limits apply based on qualifying <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">Income Worksheet</a>.\r\nBorrower Investment: Minimum borrower investment of 15, which must be derived from verified assets.\r\n\r\nCredit Score: Minimum credit score of 660.\r\n\r\nMaximum DTI: 45%\r\n\r\nMortgage Insurance: MCM 95 loans require 16% charter coverage. MI coverage rates should match the MI coverage recommended by AUS and are subject to change. Lenders may select from the various monthly, split and single “lender paid” MI premium plans available, subject to mortgage insurer terms and conditions. Upfront single or split premiums may be funded by the Second Loan proceeds or from any available rebate pricing, as reflected in the daily rate sheet, or from a Seller’s concession.\r\n\r\nWe are currently working with the following MI companies: Genworth, MGIC, and National MI. You must follow the MI companies HFA guidelines.\r\n\r\nFirst Time Homebuyer: No first-time homebuyer requirement.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Guidelines for compensation, loan fees, and purchase requirements.\r\n\r\nFor Example: Working on examples\r\n\r\nJeremy will send below information in separate email:\r\n\r\nDetailed Information for Lenders:\r\nProgram Guidelines\r\n\r\n<strong>Forms:</strong>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Bond-Program-1.pdf\">2013 Area Median Incomes - Choice 100 Programs</a>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">Mortgagors Agreement &amp; Disclosure Form</a>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/Program-Guidelines-choice-100.pdf\">Program Guidelines choice 100</a>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">Second Lien Rider</a>', 'Choice100 Program', '', 'inherit', 'open', 'open', '', '217-revision-v1', '', '', '2013-09-24 19:52:10', '2013-09-24 19:52:10', '', 217, 'http://reidownpayment.org/217-revision-15/', 0, 'revision', '', 0),
(270, 1, '2013-10-07 16:21:13', '2013-10-07 16:21:13', '[response]\r\n<p>Email<br />\r\n    [email* your-email] </p>\r\n<p>First Name<br />\r\n    [text* first-name] </p>\r\n<p>Last Name<br />\r\n    [text* last-name] </p>\r\n<p>Choose One...\r\n[select* visitor-type \"Lender\" \"Home Buyer\" \"Other\"]</p>\r\n[recaptcha]\r\n<p>[submit \"Submit\"]</p>\n1\nE-news sign up request from Rei DPA\n[your-name] <me@reidownpayment.org>\ninfo@reiok.org\nE-news Signup :\r\n\r\nEmail: [your-email]\r\nFirst name: [first-name]\r\nLast Name: [last-name]\r\nVisitor Type: [visitor-type]\r\n\r\n\r\n--\r\nThis e-mail was sent from a contact form on REI DPA\n\n\n\n\n\n\n\n\n\n\n\n\n\nYour message was sent successfully. Thanks.\nFailed to send your message. Please try later or contact the administrator by another method.\nValidation errors occurred. Please confirm the fields and submit it again.\nFailed to send your message. Please try later or contact the administrator by another method.\nPlease accept the terms to proceed.\nPlease fill the required field.\nThis input is too long.\nThis input is too short.\nDate format seems invalid.\nThis date is too early.\nThis date is too late.\nFailed to upload file.\nThis file type is not allowed.\nThis file is too large.\nFailed to upload file. Error occurred.\nNumber format seems invalid.\nThis number is too small.\nThis number is too large.\nYour answer is not correct.\nYour entered code is incorrect.\nEmail address seems invalid.\nURL seems invalid.\nTelephone number seems invalid.', 'Newsletter signup', '', 'publish', 'open', 'open', '', 'newsletter-signup', '', '', '2018-08-28 15:23:21', '2018-08-28 15:23:21', '', 0, 'http://reidownpayment.org/?post_type=wpcf7_contact_form&#038;p=270', 0, 'wpcf7_contact_form', '', 0),
(271, 1, '2013-10-07 16:22:09', '2013-10-07 16:22:09', '<strong>Please sign up for our newsletter.</strong>\r\n\r\n[contact-form-7 id=\"270\" title=\"Newsletter signup\"]', 'Newsletter Sign up', '', 'publish', 'open', 'open', '', 'newsletter-sign-up', '', '', '2018-03-05 15:02:31', '2018-03-05 15:02:31', '', 0, 'http://reidownpayment.org/?page_id=271', 5, 'page', '', 0),
(272, 1, '2013-10-07 16:21:34', '2013-10-07 16:21:34', '', 'Newsletter Sign up', '', 'inherit', 'open', 'open', '', '271-revision', '', '', '2013-10-07 16:21:34', '2013-10-07 16:21:34', '', 271, 'http://reidownpayment.org/271-revision/', 0, 'revision', '', 0),
(274, 1, '2013-09-24 19:57:02', '2013-09-24 19:57:02', 'Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n\r\nThis program can also be used for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nPlease review Program Guidelines for more detailed information, below are some highlights of the program.\r\n\r\nEligible Lenders: Lenders must be approved as a 360 Mortgage Delegated Correspondent Lender and in good standing. 360 Mortgage requires that Lenders meet a minimum net worth requirement of $2.5 million to be eligible to sell this Program. Lenders should contact Priscilla Bohot at (512)418-6094 or pbohot@360mortgage.com to inquire about becoming a participating lender. If you do not meet this requirement, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or Jeremy Layman at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\nSecond Mortgage: The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nInterest rates: Multiple choices of Mortgage Loan Rates will be posted daily by 360 Mortgage. Rates are subject to change and confirmation by 360 Mortgage.\r\n\r\nIncome Limits: Income limits apply based on qualifying <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">Income Worksheet</a>.\r\nBorrower Investment: Minimum borrower investment of 15, which must be derived from verified assets.\r\n\r\nCredit Score: Minimum credit score of 660.\r\n\r\nMaximum DTI: 45%\r\n\r\nMortgage Insurance: MCM 95 loans require 16% charter coverage. MI coverage rates should match the MI coverage recommended by AUS and are subject to change. Lenders may select from the various monthly, split and single “lender paid” MI premium plans available, subject to mortgage insurer terms and conditions. Upfront single or split premiums may be funded by the Second Loan proceeds or from any available rebate pricing, as reflected in the daily rate sheet, or from a Seller’s concession.\r\n\r\nWe are currently working with the following MI companies: Genworth, MGIC, and National MI. You must follow the MI companies HFA guidelines.\r\n\r\nFirst Time Homebuyer: No first-time homebuyer requirement.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Guidelines for compensation, loan fees, and purchase requirements.\r\n\r\nFor Example: Working on examples\r\n\r\nJeremy will send below information in separate email:\r\n\r\nDetailed Information for Lenders:\r\nProgram Guidelines\r\n\r\n<strong>Forms:</strong>\r\n\r\n<ul>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Bond-Program-1.pdf\">2013 Area Median Incomes - Choice 100 Programs</a>\r\n</li>\r\n\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">Mortgagors Agreement &amp; Disclosure Form</a></li>\r\n\r\n\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/Program-Guidelines-choice-100.pdf\">Program Guidelines choice 100</a></li>\r\n\r\n\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">Second Lien Rider</a></ul></li>\r\n\r\n\r\n', 'Choice100 Program', '', 'inherit', 'open', 'open', '', '217-revision-v1', '', '', '2013-09-24 19:57:02', '2013-09-24 19:57:02', '', 217, 'http://reidownpayment.org/217-revision-16/', 0, 'revision', '', 0),
(275, 1, '2013-09-24 19:42:51', '2013-09-24 19:42:51', 'Closing Cost Assistance for Government Loans\r\n\r\nThe REI Market Rate Program provides the homebuyer with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nEligible closing costs for this program include title fees, pre-paid costs, escrows, lender fees, and up front mortgage insurance or guarantee fees.\r\n\r\nPlease review the Program Summary for more detailed information, below are some highlights of the program.\r\n\r\nEligible Lenders: Lenders must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing. MCC requires that lenders must meet the FHA net worth requirements and be FHA approved to be eligible for MCC Correspondent Lender status. Lenders should contact Chris Jones, MCC at (918)749-2274 or chrisjones@mortgageclearing.com to inquire about becoming a participating lender. If you don\'t meet these requirements, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or Jeremy Layman <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n\r\nSecond Mortgage: The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Second loan proceeds may be used to cover any gap between the FHA-insured first mortgage and the amount necessary to acquire the property, including closing costs, prepaid expenses, and payment of upfront mortgage insurance premiums and/or guarantee fees. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nInterest Rates: Interest rates are distributed by email daily by MCC.\r\n\r\nIncome Limits: Income limits apply based on household <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">Income Worksheet</a> (link to income limits for FHA &amp; HUD 184). Rural Development standard income limits apply.\r\n\r\nCredit Score: Minimum credit score of 640\r\n\r\nCLTV: Cannot exceed 105%\r\n\r\nDTI: Cannot exceed 45%\r\n\r\nFirst-Time Homebuyer: No first-time homebuyer requirement.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Summary for lender compensation, fees, and purchase information.\r\n\r\nLoan Funding: Lender will fund the First Mortgage. The second mortgage will be table funded by REI.\r\n\r\nFor Example: Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs. See chart below: Still working on charts.\r\n\r\nJeremy will send below information in separate email:\r\n\r\nDetailed Information for Lenders:\r\nProgram Summary\r\n\r\nForms:\r\n<ul>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/REIOK-MCC-Program-Summary-Closing-Costs-Only-1.pdf\">REIOK MCC Program Summary Closing Costs Only</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Wire-Request-Form.xlsx\">REI Down Payment Assistance Wire Request Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">REI Down Payment Assistance Income Verification Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Loan-Registration-Form-1.xls\">Loan Registration Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">Second Lien Rider</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">Mortgagors Agreement &amp; Disclosure Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/2013-Area-Median-Incomes-Bond-Program-2.pdf\">2013 Area Median Incomes - Bond Program</a></li>\r\n</ul>', 'REI Market Rate Program', '', 'inherit', 'open', 'open', '', '215-revision-v1', '', '', '2013-09-24 19:42:51', '2013-09-24 19:42:51', '', 215, 'http://reidownpayment.org/215-revision-8/', 0, 'revision', '', 0),
(276, 1, '2013-10-07 16:48:44', '2013-10-07 16:48:44', 'Closing Cost Assistance for Government Loans\r\n\r\nThe REI Market Rate Program provides the homebuyer with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nEligible closing costs for this program include title fees, pre-paid costs, escrows, lender fees, and up front mortgage insurance or guarantee fees.\r\n\r\nPlease review the Program Summary for more detailed information, below are some highlights of the program.\r\n\r\n<strong>Eligible Lenders:</strong> Lenders must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing. MCC requires that lenders must meet the FHA net worth requirements and be FHA approved to be eligible for MCC Correspondent Lender status. Lenders should contact Chris Jones, MCC at (918)749-2274 or chrisjones@mortgageclearing.com to inquire about becoming a participating lender. If you don\'t meet these requirements, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or Jeremy Layman <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Second loan proceeds may be used to cover any gap between the FHA-insured first mortgage and the amount necessary to acquire the property, including closing costs, prepaid expenses, and payment of upfront mortgage insurance premiums and/or guarantee fees. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Interest Rates:</strong> Interest rates are distributed by email daily by MCC.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on household <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">Income Worksheet</a> (link to income limits for FHA &amp; HUD 184). Rural Development standard income limits apply.\r\n\r\n<strong>Credit Score:</strong> Minimum credit score of 640\r\n\r\nCLTV: Cannot exceed 105%\r\n\r\nDTI: Cannot exceed 45%\r\n\r\nFirst-Time Homebuyer: No first-time homebuyer requirement.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Summary for lender compensation, fees, and purchase information.\r\n\r\nLoan Funding: Lender will fund the First Mortgage. The second mortgage will be table funded by REI.\r\n\r\nFor Example: Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs. See chart below: Still working on charts.\r\n\r\nJeremy will send below information in separate email:\r\n\r\nDetailed Information for Lenders:\r\nProgram Summary\r\n\r\nForms:\r\n<ul>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/REIOK-MCC-Program-Summary-Closing-Costs-Only-1.pdf\">REIOK MCC Program Summary Closing Costs Only</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Wire-Request-Form.xlsx\">REI Down Payment Assistance Wire Request Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">REI Down Payment Assistance Income Verification Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Loan-Registration-Form-1.xls\">Loan Registration Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">Second Lien Rider</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">Mortgagors Agreement &amp; Disclosure Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/2013-Area-Median-Incomes-Bond-Program-2.pdf\">2013 Area Median Incomes - Bond Program</a></li>\r\n</ul>', 'REI Market Rate Program', '', 'inherit', 'open', 'open', '', '215-revision-v1', '', '', '2013-10-07 16:48:44', '2013-10-07 16:48:44', '', 215, 'http://reidownpayment.org/215-revision-9/', 0, 'revision', '', 0),
(277, 1, '2013-09-24 19:18:37', '2013-09-24 19:18:37', '<div lang=\"EN-US\">\r\n\r\nREI Down Payment Assistance has created two different programs to meet your down payment and closing cost assistance needs. The programs are developed for people that have good jobs and the ability to re-pay a loan, but have not been able to save for the down payment or closing costs on a home.\r\n\r\n<a href=\"http://reidownpayment.org/market-rate-program/\">REI Market Rate Program</a> - Closing Cost Assistance for Government Loans\r\n\r\nThe REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nClosing costs associated with a home loan include title fees, pre-paid costs, escrows, lender fees, and mortgage insurance or guarantee fees charged by the governmental program.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Lenders:</strong> You may use the lender of your choice, if they are approved for the REI Market Rate Program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on household income (link to income limits for FHA &amp; HUD 184). Rural Development standard income limits apply. Please email the Market Rate Income limits to Marla.\r\n\r\n<strong>Credit Score:</strong> Minimum credit score of 640\r\n\r\n<strong>First-Time Homebuyer:</strong> You do not have to be a first-time homebuyer for this program.\r\n\r\n<strong>For Example:</strong> Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs. See chart below: We need to work on a new chart for this program. Jeremy please redo the FHA example that fits the new structure. We will probably need to assume a higher rate like around 5% on the first mortgage.\r\n\r\n<a href=\"http://reidownpayment.org/choice-100/\">REI CHOICE100</a> - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.\r\n\r\nYou can also use this program for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Lenders:</strong> You may use the lender of your choice, if they are approved for the REI Choice100 program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on qualifying income.\r\n<ul>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Bond-Program.pdf\">Bond Program</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Choice-100-Program.pdf\">Choice 100 Program</a></li>\r\n</ul>\r\n<strong>Credit Score:</strong> Minimum credit score of 680.\r\n\r\n<strong>Mortgage Insurance:</strong> Required coverage amount is lower than normal My Community Mortgage loans.\r\n\r\n<strong>First Time Homebuyer:</strong> You do not have to be a first-time homebuyer for this program.\r\n\r\n<strong>Homebuyer Education:</strong> If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\n<strong>For Example:</strong>\r\n\r\n&nbsp;\r\n\r\n<strong>Forms:</strong>\r\n\r\n<strong></strong><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Bond-Program-1.pdf\">2013 Area Median Incomes - Choice 100 Program</a>\r\n\r\n</div>', 'Home Buyers', '', 'inherit', 'open', 'open', '', '6-revision-v1', '', '', '2013-09-24 19:18:37', '2013-09-24 19:18:37', '', 6, 'http://reidownpayment.org/6-revision-34/', 0, 'revision', '', 0),
(278, 1, '2013-10-07 20:17:33', '2013-10-07 20:17:33', '<div lang=\"EN-US\">\r\n\r\n<span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">REI Down Payment</span><span style=\"color: #1f497d; font-family: Tahoma, sans-serif; font-size: small;\"> Assistance </span><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">has created two different programs to meet your down payment and closing cost assistance needs.  The programs are developed for people that have good jobs and the ability to re-pay a loan, but have not been able to save for the down payment or closing costs on a home. </span></span>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>REI Market Rate Program - Closing Cost Assistance for Government Loans</b></span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">The REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan.  Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: #1f497d;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>REI CHOICE100 - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans</b></span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">The REI Choice100 program is just that, it provides you with numerous choices and types of assistance.  The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan.  We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance.  The choice is yours and can be made with direction from your lender.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"> </span></div>\r\n</div>', 'Home Buyers', '', 'inherit', 'open', 'open', '', '6-revision-v1', '', '', '2013-10-07 20:17:33', '2013-10-07 20:17:33', '', 6, 'http://reidownpayment.org/6-revision-35/', 0, 'revision', '', 0);
INSERT INTO `wp_posts` (`ID`, `post_author`, `post_date`, `post_date_gmt`, `post_content`, `post_title`, `post_excerpt`, `post_status`, `comment_status`, `ping_status`, `post_password`, `post_name`, `to_ping`, `pinged`, `post_modified`, `post_modified_gmt`, `post_content_filtered`, `post_parent`, `guid`, `menu_order`, `post_type`, `post_mime_type`, `comment_count`) VALUES
(279, 1, '2013-09-24 19:56:17', '2013-09-24 19:56:17', '<img class=\"size-full wp-image-146 alignright\" alt=\"homebuyers-pic-1\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" width=\"348\" height=\"348\" />\r\n\r\nREI Down Payment Assistance will allow you to offer up to 100% financing to your borrowers.   We are HUD approved as an instrumentality of government for this program, therefore our funds are an eligible source of down payment.  The program is flexible and meets the needs of many Oklahoma homebuyers.  Highlights of the program are listed below:\r\n\r\n<strong>Eligible Lenders:</strong>  Must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing or be associated with an approved Third Party Originator.\r\n\r\n<strong>Structure:</strong>  This is a First and Second Loan Program offering financing to low-to-moderate income individuals and families in Oklahoma.\r\n\r\n<strong>First Mortgage Loan Types:</strong>  FHA, HUD 184, and Rural Development\r\n\r\n<strong>Structure of Assistance:</strong>  Borrower is entitled to borrow from REI Oklahoma an amount equal to 5%, 6%, or 7%, of the first mortgage total loan amount including upfront MIP.  The assistance will be in the form of a Second Mortgage at 7.375% fixed rate for 20 years.  There is no pre-payment penalty on the Second Mortgage.  Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Income Limits:  </strong>FHA &amp; HUD 184 Limits – Limits are based on household income.  You must count the income of all adult income earning household members.\r\n\r\n<strong>Rural Development Limits:</strong>   Use Rural Development’s standard income guidelines.\r\n\r\n<strong>First Mortgage Rates:</strong>  First Mortgage rates are set daily by Mortgage Clearing.  Lenders will have a 45 day lock and delivery period.\r\n\r\n<strong>Second Mortgage Rates:</strong> 7.375%\r\n\r\n<strong>Credit Score:</strong>  Minimum 620 credit score – See Program Summary for detailed information about credit score requirements.\r\n\r\n<strong>DTI:</strong>  Maximum of 45% on DU approved loans.\r\n\r\n<strong>Seller Contributions:</strong>  Allowed up to first mortgage loan program maximum guidelines.\r\n\r\n<strong>Lender Compensation/First Mortgage Fees:</strong>  There is no yield spread on the first mortgage loan, the lender will charge a 2% origination fee and Mortgage Clearing Correspondent lenders will receive an SRP.    There will also be a $295 delivery fee paid to MCC and must be disclosed on the First Mortgage.\r\n\r\n<strong>Second Mortgage Fees:</strong>  There are no fees associated with the Second Mortgage with the exception of Mortgage Tax, Recording Fees, and title company charges.\r\n\r\n<strong>FHA Loan Example:</strong> <i><span style=\"text-decoration: underline;\">\r\n</span></i>\r\n\r\nFor more detailed information please review the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/REIOKdpamccprogramsummary.pdf\">Program Summary</a> or call Dena Sherrill, REI Down Payment Assistance Program Manager at <a>800-658-2823</a> or <a>dsherrill@reiok.org</a> to become an approved lender today.\r\n\r\nProgram Information &amp; Forms:\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/2013-Area-Median-Incomes-Bond-Program-2.pdf\">2013 Area Median Incomes - Bond Program</a>', 'Market Rate Program', '', 'inherit', 'open', 'open', '', '168-revision-v1', '', '', '2013-09-24 19:56:17', '2013-09-24 19:56:17', '', 168, 'http://reidownpayment.org/168-revision-9/', 0, 'revision', '', 0),
(280, 1, '2013-09-24 19:52:44', '2013-09-24 19:52:44', '<strong>REI CHOICE100</strong> - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.\r\n\r\nYou can also use this program for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Lenders:</strong> You may use the lender of your choice, if they are approved for the REI Choice100 program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on qualifying income.\r\n<ul>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Bond-Program.pdf\">Bond Program</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Choice-100-Program.pdf\">Choice 100 Program</a></li>\r\n</ul>\r\n<strong>Credit Score:</strong> Minimum credit score of 680.\r\n\r\n<strong>Mortgage Insurance:</strong> Required coverage amount is lower than normal My Community Mortgage loans.\r\n\r\n<strong>First Time Homebuyer:</strong> You do not have to be a first-time homebuyer for this program.\r\n\r\n<strong>Homebuyer Education:</strong> If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\n<strong>Forms:</strong>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Bond-Program-1.pdf\">2013 Area Median Incomes - Choice 100 Programs</a>', 'Choice 100', '', 'inherit', 'open', 'open', '', '171-revision-v1', '', '', '2013-09-24 19:52:44', '2013-09-24 19:52:44', '', 171, 'http://reidownpayment.org/171-revision-12/', 0, 'revision', '', 0),
(281, 1, '2013-10-07 20:19:20', '2013-10-07 20:19:20', '<span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>REI CHOICE100 - </b></span><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans</span></span>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">The REI Choice100 program is just that, it provides you with numerous choices and types of assistance.  The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan.  We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance.  The choice is yours and can be made with direction from your lender.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">You can also use this program for a rate/term refinance of existing loans.  Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates).  Cash out refinances are not eligible.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Program Highlights: </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Structure:  This is a first and second mortgage program that are packaged together.  The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Second Mortgage:  The second mortgage is sized at 5% of the total first mortgage loan amount.  The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%.  There is no pre-payment penalties on the second mortgage.  Borrower may be reimbursed for their earnest money and prepaid expenses.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Lenders:  You may use the lender of your choice, if they are approved for the REI Choice100 program.  Many lenders throughout the state are approved.  If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or </span><a href=\"mailto:dsherrill@reiok.org\" target=\"_blank\"><span style=\"font-family: Tahoma, sans-serif; font-size: small;\">dsherrill@reiok.org</span></a><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Income Limits:  Income limits apply based on qualifying income (link to income limits). </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Credit Score:  Minimum credit score of 680.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Mortgage Insurance:  Required coverage amount is lower than normal My Community Mortgage loans. </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">First Time Homebuyer:  You do not have to be a first-time homebuyer for this program.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Homebuyer Education:  If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling. </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">For Example: </span></span></div>', 'Choice 100', '', 'inherit', 'open', 'open', '', '171-revision-v1', '', '', '2013-10-07 20:19:20', '2013-10-07 20:19:20', '', 171, 'http://reidownpayment.org/171-revision-13/', 0, 'revision', '', 0),
(282, 1, '2013-10-07 20:17:46', '2013-10-07 20:17:46', '<div lang=\"EN-US\">\r\n\r\n<span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">REI Down Payment</span><span style=\"color: #1f497d; font-family: Tahoma, sans-serif; font-size: small;\"> Assistance </span><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">has created two different programs to meet your down payment and closing cost assistance needs.  The programs are developed for people that have good jobs and the ability to re-pay a loan, but have not been able to save for the down payment or closing costs on a home. </span></span>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>REI Market Rate Program - Closing Cost Assistance for Government Loans</b></span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">The REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan.  Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: #1f497d;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>REI CHOICE100 - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans</b></span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">The REI Choice100 program is just that, it provides you with numerous choices and types of assistance.  The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan.  We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance.  The choice is yours and can be made with direction from your lender.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"> </span></div>\r\n</div>', 'Home Buyers', '', 'inherit', 'open', 'open', '', '6-revision-v1', '', '', '2013-10-07 20:17:46', '2013-10-07 20:17:46', '', 6, 'http://reidownpayment.org/6-revision-36/', 0, 'revision', '', 0),
(283, 1, '2013-10-07 20:28:42', '2013-10-07 20:28:42', '<div lang=\"EN-US\">\r\n\r\n<span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">REI Down Payment</span><span style=\"color: #1f497d; font-family: Tahoma, sans-serif; font-size: small;\"> Assistance </span><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">has created two different programs to meet your down payment and closing cost assistance needs.  The programs are developed for people that have good jobs and the ability to re-pay a loan, but have not been able to save for the down payment or closing costs on a home. </span></span>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>REI Market Rate Program - Closing Cost Assistance for Government Loans</b></span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">The REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan.  Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: #1f497d;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>REI CHOICE100 - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans</b></span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">The REI Choice100 program is just that, it provides you with numerous choices and types of assistance.  The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan.  We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance.  The choice is yours and can be made with direction from your lender.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"> </span></div>\r\n</div>', 'Home Buyers', '', 'inherit', 'open', 'open', '', '6-revision-v1', '', '', '2013-10-07 20:28:42', '2013-10-07 20:28:42', '', 6, 'http://reidownpayment.org/6-revision-37/', 0, 'revision', '', 0),
(284, 1, '2013-10-07 20:19:32', '2013-10-07 20:19:32', '<span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>REI CHOICE100 - </b></span><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans</span></span>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">The REI Choice100 program is just that, it provides you with numerous choices and types of assistance.  The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan.  We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance.  The choice is yours and can be made with direction from your lender.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">You can also use this program for a rate/term refinance of existing loans.  Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates).  Cash out refinances are not eligible.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Program Highlights: </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Structure:  This is a first and second mortgage program that are packaged together.  The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Second Mortgage:  The second mortgage is sized at 5% of the total first mortgage loan amount.  The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%.  There is no pre-payment penalties on the second mortgage.  Borrower may be reimbursed for their earnest money and prepaid expenses.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Lenders:  You may use the lender of your choice, if they are approved for the REI Choice100 program.  Many lenders throughout the state are approved.  If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or </span><a href=\"mailto:dsherrill@reiok.org\" target=\"_blank\"><span style=\"font-family: Tahoma, sans-serif; font-size: small;\">dsherrill@reiok.org</span></a><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Income Limits:  Income limits apply based on qualifying income (link to income limits). </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Credit Score:  Minimum credit score of 680.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Mortgage Insurance:  Required coverage amount is lower than normal My Community Mortgage loans. </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">First Time Homebuyer:  You do not have to be a first-time homebuyer for this program.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Homebuyer Education:  If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling. </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">For Example: </span></span></div>', 'Choice 100', '', 'inherit', 'open', 'open', '', '171-revision-v1', '', '', '2013-10-07 20:19:32', '2013-10-07 20:19:32', '', 171, 'http://reidownpayment.org/171-revision-14/', 0, 'revision', '', 0),
(285, 1, '2013-10-07 20:28:48', '2013-10-07 20:28:48', '<div lang=\"EN-US\">\r\n\r\n<span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">REI Down Payment</span><span style=\"color: #1f497d; font-family: Tahoma, sans-serif; font-size: small;\"> Assistance </span><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">has created two different programs to meet your down payment and closing cost assistance needs.  The programs are developed for people that have good jobs and the ability to re-pay a loan, but have not been able to save for the down payment or closing costs on a home. </span></span>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>REI Market Rate Program - Closing Cost Assistance for Government Loans</b></span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">The REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan.  Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: #1f497d;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>REI CHOICE100 - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans</b></span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">The REI Choice100 program is just that, it provides you with numerous choices and types of assistance.  The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan.  We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance.  The choice is yours and can be made with direction from your lender.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"> </span></div>\r\n</div>', 'Home Buyers', '', 'inherit', 'open', 'open', '', '6-revision-v1', '', '', '2013-10-07 20:28:48', '2013-10-07 20:28:48', '', 6, 'http://reidownpayment.org/6-revision-38/', 0, 'revision', '', 0),
(286, 1, '2013-10-07 20:29:22', '2013-10-07 20:29:22', '<div lang=\"EN-US\">\r\n\r\n<span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">REI Down Payment</span><span style=\"color: #1f497d; font-family: Tahoma, sans-serif; font-size: small;\"> Assistance </span><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">has created two different programs to meet your down payment and closing cost assistance needs.  The programs are developed for people that have good jobs and the ability to re-pay a loan, but have not been able to save for the down payment or closing costs on a home. </span></span>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>REI Market Rate Program - Closing Cost Assistance for Government Loans</b></span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">The REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan.  Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: #1f497d;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>REI CHOICE100 - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans</b></span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">The REI Choice100 program is just that, it provides you with numerous choices and types of assistance.  The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan.  We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance.  The choice is yours and can be made with direction from your lender.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"> </span></div>\r\n</div>', 'Home Buyers', '', 'inherit', 'open', 'open', '', '6-revision-v1', '', '', '2013-10-07 20:29:22', '2013-10-07 20:29:22', '', 6, 'http://reidownpayment.org/6-revision-39/', 0, 'revision', '', 0),
(287, 1, '2013-10-07 20:18:34', '2013-10-07 20:18:34', '<img class=\"size-full wp-image-146 alignright\" alt=\"homebuyers-pic-1\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" width=\"348\" height=\"348\" />\r\n\r\n<span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>REI Market Rate Program - </b></span><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Closing Cost Assistance for Government Loans</span></span>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">The REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan.  Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Closing costs associated with a home loan include title fees, pre-paid costs, escrows, lender fees, and mortgage insurance or guarantee fees charged by the governmental program. </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Program Highlights: </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Structure:  This is a first and second mortgage program that are packaged together.  The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Second Mortgage:  The second mortgage is sized a 3% of the total first mortgage loan amount.  The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%.  There is no pre-payment penalties on the second mortgage.  Borrower may be reimbursed for their earnest money and prepaid expenses.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Lenders:  You may use the lender of your choice, if they are approved for the REI Market Rate Program.  Many lenders throughout the state are approved.  If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or </span><a href=\"mailto:dsherrill@reiok.org\" target=\"_blank\"><span style=\"font-family: Tahoma, sans-serif; font-size: small;\">dsherrill@reiok.org</span></a><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Income Limits:  Income limits apply based on household income (link to income limits for FHA &amp; HUD 184).  Rural Development standard income limits apply.  </span><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>Please email the Market Rate Income limits to Marla.</b></span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Credit Score:  Minimum credit score of 640</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">First-Time Homebuyer:  You do not have to be a first-time homebuyer for this program.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">For Example:  Borrower is purchasing a home for a total first mortgage loan amount of $100,000.  The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs.  See chart below:  </span><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>We need to work on a new chart for this program.  Jeremy please redo the FHA example that fits the new structure.  We will probably need to assume a higher rate like around 5% on the first mortgage.</b></span></span></div>', 'Market Rate Program', '', 'inherit', 'open', 'open', '', '168-revision-v1', '', '', '2013-10-07 20:18:34', '2013-10-07 20:18:34', '', 168, 'http://reidownpayment.org/168-revision-10/', 0, 'revision', '', 0),
(288, 1, '2013-10-07 20:30:16', '2013-10-07 20:30:16', '<img class=\"size-full wp-image-146 alignright\" alt=\"homebuyers-pic-1\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" width=\"348\" height=\"348\" />\r\n\r\n<span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>REI Market Rate Program - </b></span><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Closing Cost Assistance for Government Loans</span></span><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">The REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan.  Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Closing costs associated with a home loan include title fees, pre-paid costs, escrows, lender fees, and mortgage insurance or guarantee fees charged by the governmental program. </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Program Highlights: </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Structure:  This is a first and second mortgage program that are packaged together.  The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Second Mortgage:  The second mortgage is sized a 3% of the total first mortgage loan amount.  The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%.  There is no pre-payment penalties on the second mortgage.  Borrower may be reimbursed for their earnest money and prepaid expenses.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Lenders:  You may use the lender of your choice, if they are approved for the REI Market Rate Program.  Many lenders throughout the state are approved.  If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or </span><a href=\"mailto:dsherrill@reiok.org\" target=\"_blank\"><span style=\"font-family: Tahoma, sans-serif; font-size: small;\">dsherrill@reiok.org</span></a><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Income Limits:  Income limits apply based on household income (link to income limits for FHA &amp; HUD 184).  Rural Development standard income limits apply.  </span><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>Please email the Market Rate Income limits to Marla.</b></span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Credit Score:  Minimum credit score of 640</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">First-Time Homebuyer:  You do not have to be a first-time homebuyer for this program.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">For Example:  Borrower is purchasing a home for a total first mortgage loan amount of $100,000.  The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs.  See chart below:  </span><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>We need to work on a new chart for this program.  Jeremy please redo the FHA example that fits the new structure.  We will probably need to assume a higher rate like around 5% on the first mortgage.</b></span></span></div>', 'Market Rate Program', '', 'inherit', 'open', 'open', '', '168-revision-v1', '', '', '2013-10-07 20:30:16', '2013-10-07 20:30:16', '', 168, 'http://reidownpayment.org/168-revision-11/', 0, 'revision', '', 0);
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(289, 1, '2013-10-07 20:30:32', '2013-10-07 20:30:32', '<img class=\"size-full wp-image-146 alignright\" alt=\"homebuyers-pic-1\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" width=\"348\" height=\"348\" />\r\n\r\n<span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>REI Market Rate Program - </b></span><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Closing Cost Assistance for Government Loans</span></span><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">The REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan.  Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Closing costs associated with a home loan include title fees, pre-paid costs, escrows, lender fees, and mortgage insurance or guarantee fees charged by the governmental program. </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Program Highlights: </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Structure:  This is a first and second mortgage program that are packaged together.  The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Second Mortgage:  The second mortgage is sized a 3% of the total first mortgage loan amount.  The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%.  There is no pre-payment penalties on the second mortgage.  Borrower may be reimbursed for their earnest money and prepaid expenses.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Lenders:  You may use the lender of your choice, if they are approved for the REI Market Rate Program.  Many lenders throughout the state are approved.  If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or </span><a href=\"mailto:dsherrill@reiok.org\" target=\"_blank\"><span style=\"font-family: Tahoma, sans-serif; font-size: small;\">dsherrill@reiok.org</span></a><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Income Limits:  Income limits apply based on household income (link to income limits for FHA &amp; HUD 184).  Rural Development standard income limits apply.  </span><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>Please email the Market Rate Income limits to Marla.</b></span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Credit Score:  Minimum credit score of 640</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">First-Time Homebuyer:  You do not have to be a first-time homebuyer for this program.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">For Example:  Borrower is purchasing a home for a total first mortgage loan amount of $100,000.  The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs.  See chart below:  </span><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>We need to work on a new chart for this program.  Jeremy please redo the FHA example that fits the new structure.  We will probably need to assume a higher rate like around 5% on the first mortgage.</b></span></span></div>\r\n<div></div>', 'Market Rate Program', '', 'inherit', 'open', 'open', '', '168-revision-v1', '', '', '2013-10-07 20:30:32', '2013-10-07 20:30:32', '', 168, 'http://reidownpayment.org/168-revision-12/', 0, 'revision', '', 0),
(290, 1, '2013-10-07 20:29:10', '2013-10-07 20:29:10', '<span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>REI CHOICE100 - </b></span><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans</span></span>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">The REI Choice100 program is just that, it provides you with numerous choices and types of assistance.  The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan.  We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance.  The choice is yours and can be made with direction from your lender.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">You can also use this program for a rate/term refinance of existing loans.  Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates).  Cash out refinances are not eligible.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Program Highlights: </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Structure:  This is a first and second mortgage program that are packaged together.  The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Second Mortgage:  The second mortgage is sized at 5% of the total first mortgage loan amount.  The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%.  There is no pre-payment penalties on the second mortgage.  Borrower may be reimbursed for their earnest money and prepaid expenses.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Lenders:  You may use the lender of your choice, if they are approved for the REI Choice100 program.  Many lenders throughout the state are approved.  If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or </span><a href=\"mailto:dsherrill@reiok.org\" target=\"_blank\"><span style=\"font-family: Tahoma, sans-serif; font-size: small;\">dsherrill@reiok.org</span></a><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Income Limits:  Income limits apply based on qualifying income (link to income limits). </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Credit Score:  Minimum credit score of 680.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Mortgage Insurance:  Required coverage amount is lower than normal My Community Mortgage loans. </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">First Time Homebuyer:  You do not have to be a first-time homebuyer for this program.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Homebuyer Education:  If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling. </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">For Example: </span></span></div>', 'Choice 100', '', 'inherit', 'open', 'open', '', '171-revision-v1', '', '', '2013-10-07 20:29:10', '2013-10-07 20:29:10', '', 171, 'http://reidownpayment.org/171-revision-15/', 0, 'revision', '', 0),
(291, 1, '2013-10-07 20:31:53', '2013-10-07 20:31:53', '<img class=\"size-full wp-image-146 alignright\" alt=\"homebuyers-pic-1\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" width=\"348\" height=\"348\" />\r\n\r\n<span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>REI Market Rate Program - </b></span><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Closing Cost Assistance for Government Loans</span></span><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">The REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan.  Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Closing costs associated with a home loan include title fees, pre-paid costs, escrows, lender fees, and mortgage insurance or guarantee fees charged by the governmental program. </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Program Highlights: </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Structure:  This is a first and second mortgage program that are packaged together.  The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Second Mortgage:  The second mortgage is sized a 3% of the total first mortgage loan amount.  The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%.  There is no pre-payment penalties on the second mortgage.  Borrower may be reimbursed for their earnest money and prepaid expenses.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Lenders:  You may use the lender of your choice, if they are approved for the REI Market Rate Program.  Many lenders throughout the state are approved.  If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or </span><a href=\"mailto:dsherrill@reiok.org\" target=\"_blank\"><span style=\"font-family: Tahoma, sans-serif; font-size: small;\">dsherrill@reiok.org</span></a><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Income Limits:  Income limits apply based on household income (link to income limits for FHA &amp; HUD 184).  Rural Development standard income limits apply.  </span><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>Please email the Market Rate Income limits to Marla.</b></span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">Credit Score:  Minimum credit score of 640</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">First-Time Homebuyer:  You do not have to be a first-time homebuyer for this program.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">For Example:  Borrower is purchasing a home for a total first mortgage loan amount of $100,000.  The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs.  See chart below:  </span><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>We need to work on a new chart for this program.  Jeremy please redo the FHA example that fits the new structure.  We will probably need to assume a higher rate like around 5% on the first mortgage.</b></span></span></div>\r\n<div></div>', 'Market Rate Program', '', 'inherit', 'open', 'open', '', '168-revision-v1', '', '', '2013-10-07 20:31:53', '2013-10-07 20:31:53', '', 168, 'http://reidownpayment.org/168-revision-13/', 0, 'revision', '', 0),
(292, 1, '2013-10-07 20:29:32', '2013-10-07 20:29:32', '<div lang=\"EN-US\">\r\n\r\n<span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">REI Down Payment</span><span style=\"color: #1f497d; font-family: Tahoma, sans-serif; font-size: small;\"> Assistance </span><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">has created two different programs to meet your down payment and closing cost assistance needs.  The programs are developed for people that have good jobs and the ability to re-pay a loan, but have not been able to save for the down payment or closing costs on a home. </span></span>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>REI Market Rate Program - Closing Cost Assistance for Government Loans</b></span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">The REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan.  Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: #1f497d;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"><b>REI CHOICE100 - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans</b></span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\"> </span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"><span style=\"color: black; font-family: Tahoma, sans-serif; font-size: small;\">The REI Choice100 program is just that, it provides you with numerous choices and types of assistance.  The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan.  We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance.  The choice is yours and can be made with direction from your lender.</span></span></div>\r\n<div><span style=\"font-family: Calibri, sans-serif; font-size: small;\"> </span></div>\r\n</div>', 'Home Buyers', '', 'inherit', 'open', 'open', '', '6-revision-v1', '', '', '2013-10-07 20:29:32', '2013-10-07 20:29:32', '', 6, 'http://reidownpayment.org/6-revision-40/', 0, 'revision', '', 0),
(293, 1, '2013-10-07 20:43:15', '2013-10-07 20:43:15', 'REI CHOICE100 - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.\r\n\r\nYou can also use this program for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\nSecond Mortgage: The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nLenders: You may use the lender of your choice, if they are approved for the REI Choice100 program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\nIncome Limits: Income limits apply based on qualifying income (link to income limits).\r\n\r\nCredit Score: Minimum credit score of 680.\r\n\r\nMortgage Insurance: Required coverage amount is lower than normal My Community Mortgage loans.\r\n\r\nFirst Time Homebuyer: You do not have to be a first-time homebuyer for this program.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\nFor Example:', 'Choice 100', '', 'inherit', 'open', 'open', '', '171-revision-v1', '', '', '2013-10-07 20:43:15', '2013-10-07 20:43:15', '', 171, 'http://reidownpayment.org/171-revision-16/', 0, 'revision', '', 0),
(295, 1, '2013-10-07 20:47:27', '2013-10-07 20:47:27', '<strong>REI CHOICE100</strong> - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.\r\n\r\nYou can also use this program for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\nSecond Mortgage: The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nLenders: You may use the lender of your choice, if they are approved for the REI Choice100 program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\nIncome Limits: Income limits apply based on qualifying income (link to income limits).\r\n\r\nCredit Score: Minimum credit score of 680.\r\n\r\nMortgage Insurance: Required coverage amount is lower than normal My Community Mortgage loans.\r\n\r\nFirst Time Homebuyer: You do not have to be a first-time homebuyer for this program.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\nFor Example:', 'Choice 100', '', 'inherit', 'open', 'open', '', '171-revision-v1', '', '', '2013-10-07 20:47:27', '2013-10-07 20:47:27', '', 171, 'http://reidownpayment.org/171-revision-17/', 0, 'revision', '', 0),
(296, 1, '2013-10-15 18:06:33', '2013-10-15 18:06:33', '<strong>REI CHOICE100</strong> - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.\r\n\r\nYou can also use this program for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\nSecond Mortgage: The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nLenders: You may use the lender of your choice, if they are approved for the REI Choice100 program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/2013-Area-Median-Incomes-Bond-Program-2.pdf\">Income Limits: Income limits apply based on qualifying income.</a>\r\n\r\nCredit Score: Minimum credit score of 680.\r\n\r\nMortgage Insurance: Required coverage amount is lower than normal My Community Mortgage loans.\r\n\r\nFirst Time Homebuyer: You do not have to be a first-time homebuyer for this program.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\nFor Example:', 'Choice 100', '', 'inherit', 'open', 'open', '', '171-revision-v1', '', '', '2013-10-15 18:06:33', '2013-10-15 18:06:33', '', 171, 'http://reidownpayment.org/171-revision-18/', 0, 'revision', '', 0),
(297, 1, '2013-10-15 18:06:45', '2013-10-15 18:06:45', '<strong>REI CHOICE100</strong> - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.\r\n\r\nYou can also use this program for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\nSecond Mortgage: The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nLenders: You may use the lender of your choice, if they are approved for the REI Choice100 program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/2013-Area-Median-Incomes-Bond-Program-2.pdf\">Income Limits</a>: Income limits apply based on qualifying income.\r\n\r\nCredit Score: Minimum credit score of 680.\r\n\r\nMortgage Insurance: Required coverage amount is lower than normal My Community Mortgage loans.\r\n\r\nFirst Time Homebuyer: You do not have to be a first-time homebuyer for this program.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\nFor Example:', 'Choice 100', '', 'inherit', 'open', 'open', '', '171-revision-v1', '', '', '2013-10-15 18:06:45', '2013-10-15 18:06:45', '', 171, 'http://reidownpayment.org/171-revision-19/', 0, 'revision', '', 0),
(298, 1, '2013-10-07 20:45:17', '2013-10-07 20:45:17', '<img class=\"size-full wp-image-146 alignright\" alt=\"homebuyers-pic-1\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" width=\"348\" height=\"348\" />\r\n\r\n<strong>REI Market Rate Program</strong> - Closing Cost Assistance for Government Loans\r\n\r\nThe REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nClosing costs associated with a home loan include title fees, pre-paid costs, escrows, lender fees, and mortgage insurance or guarantee fees charged by the governmental program.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n\r\nSecond Mortgage: The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nLenders: You may use the lender of your choice, if they are approved for the REI Market Rate Program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\nIncome Limits: Income limits apply based on household income (link to income limits for FHA &amp; HUD 184). Rural Development standard income limits apply. <strong>Please email the Market Rate Income limits to Marla.</strong>\r\n\r\nCredit Score: Minimum credit score of 640\r\n\r\nFirst-Time Homebuyer: You do not have to be a first-time homebuyer for this program.\r\n\r\nFor Example: Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs. See chart below: <strong>We need to work on a new chart for this program. Jeremy please redo the FHA example that fits the new structure. We will probably need to assume a higher rate like around 5% on the first mortgage.</strong>', 'Market Rate Program', '', 'inherit', 'open', 'open', '', '168-revision-v1', '', '', '2013-10-07 20:45:17', '2013-10-07 20:45:17', '', 168, 'http://reidownpayment.org/168-revision-14/', 0, 'revision', '', 0),
(299, 1, '2013-10-15 18:10:18', '2013-10-15 18:10:18', '<img class=\"size-full wp-image-146 alignright\" alt=\"homebuyers-pic-1\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" width=\"348\" height=\"348\" />\r\n\r\n<strong>REI Market Rate Program</strong> - Closing Cost Assistance for Government Loans\r\n\r\nThe REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nClosing costs associated with a home loan include title fees, pre-paid costs, escrows, lender fees, and mortgage insurance or guarantee fees charged by the governmental program.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n\r\nSecond Mortgage: The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nLenders: You may use the lender of your choice, if they are approved for the REI Market Rate Program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\nIncome Limits: Income limits apply based on household income (link to income limits for FHA &amp; HUD 184). Rural Development standard income limits apply. <strong>Please email the Market Rate Income limits to Marla.</strong>\r\n\r\nCredit Score: Minimum credit score of 640\r\n\r\nFirst-Time Homebuyer: You do not have to be a first-time homebuyer for this program.\r\n\r\nFor Example: Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs.', 'Market Rate Program', '', 'inherit', 'open', 'open', '', '168-revision-v1', '', '', '2013-10-15 18:10:18', '2013-10-15 18:10:18', '', 168, 'http://reidownpayment.org/168-revision-15/', 0, 'revision', '', 0),
(300, 1, '2013-10-15 18:10:45', '2013-10-15 18:10:45', '<img class=\"size-full wp-image-146 alignright\" alt=\"homebuyers-pic-1\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" width=\"348\" height=\"348\" />\r\n\r\n<strong>REI Market Rate Program</strong> - Closing Cost Assistance for Government Loans\r\n\r\nThe REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nClosing costs associated with a home loan include title fees, pre-paid costs, escrows, lender fees, and mortgage insurance or guarantee fees charged by the governmental program.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n\r\nSecond Mortgage: The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nLenders: You may use the lender of your choice, if they are approved for the REI Market Rate Program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/2013-Area-Median-Incomes-Bond-Program-2.pdf\">Income Limits</a>: Income limits apply based on household income (link to income limits for FHA &amp; HUD 184). Rural Development standard income limits apply.<strong>\r\n</strong>\r\n\r\nCredit Score: Minimum credit score of 640\r\n\r\nFirst-Time Homebuyer: You do not have to be a first-time homebuyer for this program.\r\n\r\nFor Example: Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs.', 'Market Rate Program', '', 'inherit', 'open', 'open', '', '168-revision-v1', '', '', '2013-10-15 18:10:45', '2013-10-15 18:10:45', '', 168, 'http://reidownpayment.org/168-revision-16/', 0, 'revision', '', 0),
(301, 1, '2013-10-15 18:13:31', '2013-10-15 18:13:31', '<img class=\"size-full wp-image-146 alignright\" alt=\"homebuyers-pic-1\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" width=\"348\" height=\"348\" />\r\n\r\n<strong>REI Market Rate Program</strong> - Closing Cost Assistance for Government Loans\r\n\r\nThe REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nClosing costs associated with a home loan include title fees, pre-paid costs, escrows, lender fees, and mortgage insurance or guarantee fees charged by the governmental program.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n\r\nSecond Mortgage: The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nLenders: You may use the lender of your choice, if they are approved for the REI Market Rate Program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or <a href=\"dsherrill@reiok.org\">dsherrill@reiok.org</a>.\r\n\r\nIncome Limits: Income limits apply based on household <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/2013-Area-Median-Incomes-Bond-Program-2.pdf\">income</a>. Rural Development standard income limits apply.<strong>\r\n</strong>\r\n\r\nCredit Score: Minimum credit score of 640\r\n\r\nFirst-Time Homebuyer: You do not have to be a first-time homebuyer for this program.\r\n\r\nFor Example: Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs.', 'Market Rate Program', '', 'inherit', 'open', 'open', '', '168-revision-v1', '', '', '2013-10-15 18:13:31', '2013-10-15 18:13:31', '', 168, 'http://reidownpayment.org/168-revision-17/', 0, 'revision', '', 0),
(302, 1, '2013-10-15 18:13:59', '2013-10-15 18:13:59', '<img class=\"size-full wp-image-146 alignright\" alt=\"homebuyers-pic-1\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" width=\"348\" height=\"348\" />\r\n\r\n<strong>REI Market Rate Program</strong> - Closing Cost Assistance for Government Loans\r\n\r\nThe REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nClosing costs associated with a home loan include title fees, pre-paid costs, escrows, lender fees, and mortgage insurance or guarantee fees charged by the governmental program.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n\r\nSecond Mortgage: The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nLenders: You may use the lender of your choice, if they are approved for the REI Market Rate Program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a>.\r\n\r\nIncome Limits: Income limits apply based on household <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/2013-Area-Median-Incomes-Bond-Program-2.pdf\">income</a>. Rural Development standard income limits apply.<strong>\r\n</strong>\r\n\r\nCredit Score: Minimum credit score of 640\r\n\r\nFirst-Time Homebuyer: You do not have to be a first-time homebuyer for this program.\r\n\r\nFor Example: Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs.', 'Market Rate Program', '', 'inherit', 'open', 'open', '', '168-revision-v1', '', '', '2013-10-15 18:13:59', '2013-10-15 18:13:59', '', 168, 'http://reidownpayment.org/168-revision-18/', 0, 'revision', '', 0);
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(303, 1, '2013-10-07 16:47:37', '2013-10-07 16:47:37', 'Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n\r\nThis program can also be used for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nPlease review Program Guidelines for more detailed information, below are some highlights of the program.\r\n\r\n<strong>Eligible Lenders:</strong> Lenders must be approved as a 360 Mortgage Delegated Correspondent Lender and in good standing. 360 Mortgage requires that Lenders meet a minimum net worth requirement of $2.5 million to be eligible to sell this Program. Lenders should contact Priscilla Bohot at (512)418-6094 or pbohot@360mortgage.com to inquire about becoming a participating lender. If you do not meet this requirement, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or Jeremy Layman at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Interest rates:</strong> Multiple choices of Mortgage Loan Rates will be posted daily by 360 Mortgage. Rates are subject to change and confirmation by 360 Mortgage.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on qualifying <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">Income Worksheet</a>.\r\nBorrower Investment: Minimum borrower investment of 15, which must be derived from verified assets.\r\n\r\n<strong>Credit Score:</strong> Minimum credit score of 660.\r\n\r\n<strong>Maximum DTI:</strong> 45%\r\n\r\n<strong>Mortgage Insurance:</strong> MCM 95 loans require 16% charter coverage. MI coverage rates should match the MI coverage recommended by AUS and are subject to change. Lenders may select from the various monthly, split and single “lender paid” MI premium plans available, subject to mortgage insurer terms and conditions. Upfront single or split premiums may be funded by the Second Loan proceeds or from any available rebate pricing, as reflected in the daily rate sheet, or from a Seller’s concession.\r\n\r\nWe are currently working with the following MI companies: Genworth, MGIC, and National MI. You must follow the MI companies HFA guidelines.\r\n\r\nFirst Time Homebuyer: No first-time homebuyer requirement.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Guidelines for compensation, loan fees, and purchase requirements.\r\n\r\n<strong>For Example:</strong> (missing content)\r\n\r\n<strong>Forms:</strong>\r\n<ul>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Bond-Program-1.pdf\">2013 Area Median Incomes - Choice 100 Programs</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">Mortgagors Agreement &amp; Disclosure Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/Program-Guidelines-choice-100.pdf\">Program Guidelines choice 100</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">Second Lien Rider</a></li>\r\n</ul>', 'Choice100 Program', '', 'inherit', 'open', 'open', '', '217-revision-v1', '', '', '2013-10-07 16:47:37', '2013-10-07 16:47:37', '', 217, 'http://reidownpayment.org/217-revision-17/', 0, 'revision', '', 0),
(304, 1, '2013-10-15 18:15:01', '2013-10-15 18:15:01', 'Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance for your borrowers. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide the borrower with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. As the borrower\'s lender, you can advise them of the different \"choices\" available to them and what will be best for their situation.\r\n\r\nThis program can also be used for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nPlease review Program Guidelines for more detailed information, below are some highlights of the program.\r\n\r\n<strong>Eligible Lenders:</strong> Lenders must be approved as a 360 Mortgage Delegated Correspondent Lender and in good standing. 360 Mortgage requires that Lenders meet a minimum net worth requirement of $2.5 million to be eligible to sell this Program. Lenders should contact Priscilla Bohot at (512)418-6094 or pbohot@360mortgage.com to inquire about becoming a participating lender. If you do not meet this requirement, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or Jeremy Layman at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Interest rates:</strong> Multiple choices of Mortgage Loan Rates will be posted daily by 360 Mortgage. Rates are subject to change and confirmation by 360 Mortgage.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on qualifying <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">Income Worksheet</a>.\r\nBorrower Investment: Minimum borrower investment of 15, which must be derived from verified assets.\r\n\r\n<strong>Credit Score:</strong> Minimum credit score of 660.\r\n\r\n<strong>Maximum DTI:</strong> 45%\r\n\r\n<strong>Mortgage Insurance:</strong> MCM 95 loans require 16% charter coverage. MI coverage rates should match the MI coverage recommended by AUS and are subject to change. Lenders may select from the various monthly, split and single “lender paid” MI premium plans available, subject to mortgage insurer terms and conditions. Upfront single or split premiums may be funded by the Second Loan proceeds or from any available rebate pricing, as reflected in the daily rate sheet, or from a Seller’s concession.\r\n\r\nWe are currently working with the following MI companies: Genworth, MGIC, and National MI. You must follow the MI companies HFA guidelines.\r\n\r\nFirst Time Homebuyer: No first-time homebuyer requirement.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Guidelines for compensation, loan fees, and purchase requirements.\r\n\r\n<strong>For Example:</strong> (missing content)\r\n\r\n<strong>Forms:</strong>\r\n<ul>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Bond-Program-1.pdf\">2013 Area Median Incomes - Choice 100 Programs</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">Mortgagors Agreement &amp; Disclosure Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/Program-Guidelines-choice-100.pdf\">Program Guidelines choice 100</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">Second Lien Rider</a></li>\r\n</ul>', 'Choice100 Program', '', 'inherit', 'open', 'open', '', '217-revision-v1', '', '', '2013-10-15 18:15:01', '2013-10-15 18:15:01', '', 217, 'http://reidownpayment.org/217-revision-18/', 0, 'revision', '', 0),
(305, 1, '2013-10-07 16:49:24', '2013-10-07 16:49:24', 'Closing Cost Assistance for Government Loans\r\n\r\nThe REI Market Rate Program provides the homebuyer with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nEligible closing costs for this program include title fees, pre-paid costs, escrows, lender fees, and up front mortgage insurance or guarantee fees.\r\n\r\nPlease review the Program Summary for more detailed information, below are some highlights of the program.\r\n\r\n<strong>Eligible Lenders:</strong> Lenders must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing. MCC requires that lenders must meet the FHA net worth requirements and be FHA approved to be eligible for MCC Correspondent Lender status. Lenders should contact Chris Jones, MCC at (918)749-2274 or chrisjones@mortgageclearing.com to inquire about becoming a participating lender. If you don\'t meet these requirements, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or Jeremy Layman <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Second loan proceeds may be used to cover any gap between the FHA-insured first mortgage and the amount necessary to acquire the property, including closing costs, prepaid expenses, and payment of upfront mortgage insurance premiums and/or guarantee fees. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Interest Rates:</strong> Interest rates are distributed by email daily by MCC.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on household <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">Income Worksheet</a> (link to income limits for FHA &amp; HUD 184). Rural Development standard income limits apply.\r\n\r\n<strong>Credit Score:</strong> Minimum credit score of 640\r\n\r\n<strong>CLTV:</strong> Cannot exceed 105%\r\n\r\n<strong>DTI:</strong> Cannot exceed 45%\r\n\r\n<strong>First-Time Homebuyer:</strong> No first-time homebuyer requirement.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Summary for lender compensation, fees, and purchase information.\r\n\r\n<strong>Loan Funding:</strong> Lender will fund the First Mortgage. The second mortgage will be table funded by REI.\r\n\r\n<strong>For Example:</strong> Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs. See chart below: Still working on charts.\r\n\r\nJeremy will send below information in separate email:\r\n\r\nDetailed Information for Lenders:\r\nProgram Summary\r\n\r\nForms:\r\n<ul>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/REIOK-MCC-Program-Summary-Closing-Costs-Only-1.pdf\">REIOK MCC Program Summary Closing Costs Only</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Wire-Request-Form.xlsx\">REI Down Payment Assistance Wire Request Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">REI Down Payment Assistance Income Verification Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Loan-Registration-Form-1.xls\">Loan Registration Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">Second Lien Rider</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">Mortgagors Agreement &amp; Disclosure Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/2013-Area-Median-Incomes-Bond-Program-2.pdf\">2013 Area Median Incomes - Bond Program</a></li>\r\n</ul>', 'REI Market Rate Program', '', 'inherit', 'open', 'open', '', '215-revision-v1', '', '', '2013-10-07 16:49:24', '2013-10-07 16:49:24', '', 215, 'http://reidownpayment.org/215-revision-10/', 0, 'revision', '', 0),
(306, 1, '2013-10-15 18:18:18', '2013-10-15 18:18:18', 'Closing Cost Assistance for Government Loans\r\n\r\nThe REI Market Rate Program provides the homebuyer with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nEligible closing costs for this program include title fees, pre-paid costs, escrows, lender fees, and up front mortgage insurance or guarantee fees.\r\n\r\nPlease review the Program Summary for more detailed information, below are some highlights of the program.\r\n\r\n<strong>Eligible Lenders:</strong> Lenders must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing. MCC requires that lenders must meet the FHA net worth requirements and be FHA approved to be eligible for MCC Correspondent Lender status. Lenders should contact Chris Jones, MCC at (918)749-2274 or <a href=\"chrisjones@mortgageclearing.com\">chrisjones@mortgageclearing.com</a> to inquire about becoming a participating lender. If you don\'t meet these requirements, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or Jeremy Layman <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Second loan proceeds may be used to cover any gap between the FHA-insured first mortgage and the amount necessary to acquire the property, including closing costs, prepaid expenses, and payment of upfront mortgage insurance premiums and/or guarantee fees. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Interest Rates:</strong> Interest rates are distributed by email daily by MCC.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on household <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">Income Worksheet</a> (link to income limits for FHA &amp; HUD 184). Rural Development standard income limits apply.\r\n\r\n<strong>Credit Score:</strong> Minimum credit score of 640\r\n\r\n<strong>CLTV:</strong> Cannot exceed 105%\r\n\r\n<strong>DTI:</strong> Cannot exceed 45%\r\n\r\n<strong>First-Time Homebuyer:</strong> No first-time homebuyer requirement.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Summary for lender compensation, fees, and purchase information.\r\n\r\n<strong>Loan Funding:</strong> Lender will fund the First Mortgage. The second mortgage will be table funded by REI.\r\n\r\n<strong>For Example:</strong> Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs. See chart below: Still working on charts.\r\n\r\nForms:\r\n<ul>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/REIOK-MCC-Program-Summary-Closing-Costs-Only-1.pdf\">REIOK MCC Program Summary Closing Costs Only</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Wire-Request-Form.xlsx\">REI Down Payment Assistance Wire Request Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">REI Down Payment Assistance Income Verification Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Loan-Registration-Form-1.xls\">Loan Registration Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">Second Lien Rider</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">Mortgagors Agreement &amp; Disclosure Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/2013-Area-Median-Incomes-Bond-Program-2.pdf\">2013 Area Median Incomes - Bond Program</a></li>\r\n</ul>', 'REI Market Rate Program', '', 'inherit', 'open', 'open', '', '215-revision-v1', '', '', '2013-10-15 18:18:18', '2013-10-15 18:18:18', '', 215, 'http://reidownpayment.org/215-revision-11/', 0, 'revision', '', 0),
(307, 1, '2013-10-15 18:08:37', '2013-10-15 18:08:37', '<strong>REI CHOICE100</strong> - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.\r\n\r\nYou can also use this program for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\nSecond Mortgage: The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nLenders: You may use the lender of your choice, if they are approved for the REI Choice100 program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or dsherrill@reiok.org.\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/2013-Area-Median-Incomes-Bond-Program-2.pdf\">Income Limits</a>: Income limits apply based on qualifying income.\r\n\r\nCredit Score: Minimum credit score of 680.\r\n\r\nMortgage Insurance: Required coverage amount is lower than normal My Community Mortgage loans.\r\n\r\nFirst Time Homebuyer: You do not have to be a first-time homebuyer for this program.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.', 'Choice 100', '', 'inherit', 'open', 'open', '', '171-revision-v1', '', '', '2013-10-15 18:08:37', '2013-10-15 18:08:37', '', 171, 'http://reidownpayment.org/171-revision-20/', 0, 'revision', '', 0),
(308, 1, '2013-10-15 18:18:36', '2013-10-15 18:18:36', 'Closing Cost Assistance for Government Loans\r\n\r\nThe REI Market Rate Program provides the homebuyer with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nEligible closing costs for this program include title fees, pre-paid costs, escrows, lender fees, and up front mortgage insurance or guarantee fees.\r\n\r\nPlease review the Program Summary for more detailed information, below are some highlights of the program.\r\n\r\n<strong>Eligible Lenders:</strong> Lenders must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing. MCC requires that lenders must meet the FHA net worth requirements and be FHA approved to be eligible for MCC Correspondent Lender status. Lenders should contact Chris Jones, MCC at (918)749-2274 or <a href=\"chrisjones@mortgageclearing.com\">chrisjones@mortgageclearing.com</a> to inquire about becoming a participating lender. If you don\'t meet these requirements, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or Jeremy Layman <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Second loan proceeds may be used to cover any gap between the FHA-insured first mortgage and the amount necessary to acquire the property, including closing costs, prepaid expenses, and payment of upfront mortgage insurance premiums and/or guarantee fees. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Interest Rates:</strong> Interest rates are distributed by email daily by MCC.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on household <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">Income Worksheet</a> (link to income limits for FHA &amp; HUD 184). Rural Development standard income limits apply.\r\n\r\n<strong>Credit Score:</strong> Minimum credit score of 640\r\n\r\n<strong>CLTV:</strong> Cannot exceed 105%\r\n\r\n<strong>DTI:</strong> Cannot exceed 45%\r\n\r\n<strong>First-Time Homebuyer:</strong> No first-time homebuyer requirement.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Summary for lender compensation, fees, and purchase information.\r\n\r\n<strong>Loan Funding:</strong> Lender will fund the First Mortgage. The second mortgage will be table funded by REI.\r\n\r\n<strong>For Example:</strong> Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs.\r\n\r\nForms:\r\n<ul>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/REIOK-MCC-Program-Summary-Closing-Costs-Only-1.pdf\">REIOK MCC Program Summary Closing Costs Only</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Wire-Request-Form.xlsx\">REI Down Payment Assistance Wire Request Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">REI Down Payment Assistance Income Verification Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Loan-Registration-Form-1.xls\">Loan Registration Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">Second Lien Rider</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">Mortgagors Agreement &amp; Disclosure Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/2013-Area-Median-Incomes-Bond-Program-2.pdf\">2013 Area Median Incomes - Bond Program</a></li>\r\n</ul>', 'REI Market Rate Program', '', 'inherit', 'open', 'open', '', '215-revision-v1', '', '', '2013-10-15 18:18:36', '2013-10-15 18:18:36', '', 215, 'http://reidownpayment.org/215-revision-12/', 0, 'revision', '', 0),
(309, 1, '2013-10-15 18:19:58', '2013-10-15 18:19:58', '<strong>REI CHOICE100</strong> - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.\r\n\r\nYou can also use this program for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\nSecond Mortgage: The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nLenders: You may use the lender of your choice, if they are approved for the REI Choice100 program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a>.\r\n\r\nIncome Limits: Income limits apply based on qualifying <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/2013-Area-Median-Incomes-Bond-Program-2.pdf\">income</a>.\r\n\r\nCredit Score: Minimum credit score of 680.\r\n\r\nMortgage Insurance: Required coverage amount is lower than normal My Community Mortgage loans.\r\n\r\nFirst Time Homebuyer: You do not have to be a first-time homebuyer for this program.\r\n\r\nHomebuyer Education: If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.', 'Choice 100', '', 'inherit', 'open', 'open', '', '171-revision-v1', '', '', '2013-10-15 18:19:58', '2013-10-15 18:19:58', '', 171, 'http://reidownpayment.org/171-revision-21/', 0, 'revision', '', 0),
(310, 1, '2013-10-15 18:14:15', '2013-10-15 18:14:15', '<img class=\"size-full wp-image-146 alignright\" alt=\"homebuyers-pic-1\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" width=\"348\" height=\"348\" />\r\n\r\n<strong>REI Market Rate Program</strong> - Closing Cost Assistance for Government Loans\r\n\r\nThe REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nClosing costs associated with a home loan include title fees, pre-paid costs, escrows, lender fees, and mortgage insurance or guarantee fees charged by the governmental program.\r\n\r\nProgram Highlights:\r\n\r\nStructure: This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n\r\nSecond Mortgage: The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\nLenders: You may use the lender of your choice, if they are approved for the REI Market Rate Program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a>.\r\n\r\nIncome Limits: Income limits apply based on household <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/2013-Area-Median-Incomes-Bond-Program-2.pdf\">income</a>. Rural Development standard income limits apply.<strong>\r\n</strong>\r\n\r\nCredit Score: Minimum credit score of 640\r\n\r\nFirst-Time Homebuyer: You do not have to be a first-time homebuyer for this program.\r\n\r\nFor Example: Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs.', 'Market Rate Program', '', 'inherit', 'open', 'open', '', '168-revision-v1', '', '', '2013-10-15 18:14:15', '2013-10-15 18:14:15', '', 168, 'http://reidownpayment.org/168-revision-19/', 0, 'revision', '', 0),
(311, 1, '2013-09-16 14:18:57', '2013-09-16 14:18:57', '[contact-form-7 id=\"4\" title=\"Contact form 1\"]\r\n\r\n[column]\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/pic-contact.png\"><img class=\"alignnone size-medium wp-image-66\" alt=\"pic-contact\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/pic-contact-300x300.png\" width=\"300\" height=\"300\" /></a>\r\n\r\n&nbsp;\r\n<div class=\"one-half\">Phone\r\n<strong>800.658.2823</strong></div>\r\n<div class=\"clearfix\"></div>\r\nAddress\r\n<strong>PO Box 1335</strong>\r\n<strong>Durant, OK 74702</strong>', 'Contact', '', 'inherit', 'open', 'open', '', '10-revision-8', '', '', '2013-09-16 14:18:57', '2013-09-16 14:18:57', '', 10, 'http://reidownpayment.org/10-revision-8/', 0, 'revision', '', 0),
(312, 1, '2013-10-15 18:21:09', '2013-10-15 18:21:09', 'Closing Cost Assistance for Government Loans\r\n\r\nThe REI Market Rate Program provides the homebuyer with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nEligible closing costs for this program include title fees, pre-paid costs, escrows, lender fees, and up front mortgage insurance or guarantee fees.\r\n\r\nPlease review the Program Summary for more detailed information, below are some highlights of the program.\r\n\r\n<strong>Eligible Lenders:</strong> Lenders must be approved as a Mortgage Clearing Corporation (MCC) Correspondent Lender and in good standing. MCC requires that lenders must meet the FHA net worth requirements and be FHA approved to be eligible for MCC Correspondent Lender status. Lenders should contact Chris Jones, MCC at (918)749-2274 or <a href=\"mailto:chrisjones@mortgageclearing.com\">chrisjones@mortgageclearing.com</a> to inquire about becoming a participating lender. If you don\'t meet these requirements, please contact Dena Sherrill at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a> or Jeremy Layman <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Second loan proceeds may be used to cover any gap between the FHA-insured first mortgage and the amount necessary to acquire the property, including closing costs, prepaid expenses, and payment of upfront mortgage insurance premiums and/or guarantee fees. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Interest Rates:</strong> Interest rates are distributed by email daily by MCC.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on household <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">Income Worksheet</a> (link to income limits for FHA &amp; HUD 184). Rural Development standard income limits apply.\r\n\r\n<strong>Credit Score:</strong> Minimum credit score of 640\r\n\r\n<strong>CLTV:</strong> Cannot exceed 105%\r\n\r\n<strong>DTI:</strong> Cannot exceed 45%\r\n\r\n<strong>First-Time Homebuyer:</strong> No first-time homebuyer requirement.\r\n\r\nLender Compensation, Fees, and Purchase: Please review the Program Summary for lender compensation, fees, and purchase information.\r\n\r\n<strong>Loan Funding:</strong> Lender will fund the First Mortgage. The second mortgage will be table funded by REI.\r\n\r\n<strong>For Example:</strong> Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs.\r\n\r\nForms:\r\n<ul>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/REIOK-MCC-Program-Summary-Closing-Costs-Only-1.pdf\">REIOK MCC Program Summary Closing Costs Only</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Wire-Request-Form.xlsx\">REI Down Payment Assistance Wire Request Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Income-Worksheet.xls\">REI Down Payment Assistance Income Verification Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/Loan-Registration-Form-1.xls\">Loan Registration Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/SECOND-LIEN-RIDER.pdf\">Second Lien Rider</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/MORTGAGORS-AGREEMENT-DISCLOSURE-FORM.pdf\">Mortgagors Agreement &amp; Disclosure Form</a></li>\r\n	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/2013-Area-Median-Incomes-Bond-Program-2.pdf\">2013 Area Median Incomes - Bond Program</a></li>\r\n</ul>', 'REI Market Rate Program', '', 'inherit', 'open', 'open', '', '215-revision-v1', '', '', '2013-10-15 18:21:09', '2013-10-15 18:21:09', '', 215, 'http://reidownpayment.org/215-revision-13/', 0, 'revision', '', 0),
(313, 1, '2013-10-07 20:46:18', '2013-10-07 20:46:18', '<div lang=\"EN-US\">\r\n\r\nREI Down Payment Assistance has created two different programs to meet your down payment and closing cost assistance needs. The programs are developed for people that have good jobs and the ability to re-pay a loan, but have not been able to save for the down payment or closing costs on a home.\r\n\r\n<strong>REI Market Rate Program - Closing Cost Assistance for Government Loans</strong>\r\n\r\nThe REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\n<strong>REI CHOICE100 - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans</strong>\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.\r\n\r\n</div>', 'Home Buyers', '', 'inherit', 'open', 'open', '', '6-revision-v1', '', '', '2013-10-07 20:46:18', '2013-10-07 20:46:18', '', 6, 'http://reidownpayment.org/6-revision-41/', 0, 'revision', '', 0),
(314, 1, '2013-10-15 18:23:37', '2013-10-15 18:23:37', '<img class=\"size-full wp-image-146 alignright\" alt=\"homebuyers-pic-1\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" width=\"348\" height=\"348\" />\r\n\r\n<strong>REI Market Rate Program</strong> - Closing Cost Assistance for Government Loans\r\n\r\nThe REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.\r\n\r\nClosing costs associated with a home loan include title fees, pre-paid costs, escrows, lender fees, and mortgage insurance or guarantee fees charged by the governmental program.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate government loan and the second mortgage is utilized to pay the closing costs associated with closing of the first mortgage loan.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized a 3% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 7.375%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Lenders:</strong> You may use the lender of your choice, if they are approved for the REI Market Rate Program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a>.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on household <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/2013-Area-Median-Incomes-Bond-Program-2.pdf\">income</a>. Rural Development standard income limits apply.<strong>\r\n</strong>\r\n\r\n<strong>Credit Score:</strong> Minimum credit score of 640\r\n\r\n<strong>First-Time Homebuyer:</strong> You do not have to be a first-time homebuyer for this program.\r\n\r\n<strong>For Example:</strong> Borrower is purchasing a home for a total first mortgage loan amount of $100,000. The second mortgage will be 3% of the total loan amount for a total of $3,000 to be used to pay the borrowers closing costs.', 'Market Rate Program', '', 'inherit', 'open', 'open', '', '168-revision-v1', '', '', '2013-10-15 18:23:37', '2013-10-15 18:23:37', '', 168, 'http://reidownpayment.org/168-revision-20/', 0, 'revision', '', 0),
(315, 1, '2013-10-15 18:22:55', '2013-10-15 18:22:55', '<strong>REI CHOICE100</strong> - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.\r\n\r\nYou can also use this program for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Lenders:</strong> You may use the lender of your choice, if they are approved for the REI Choice100 program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a>.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on qualifying <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/2013-Area-Median-Incomes-Bond-Program-2.pdf\">income</a>.\r\n\r\n<strong>Credit Score:</strong> Minimum credit score of 680.\r\n\r\n<strong>Mortgage Insurance:</strong> Required coverage amount is lower than normal My Community Mortgage loans.\r\n\r\n<strong>First Time Homebuyer:</strong> You do not have to be a first-time homebuyer for this program.\r\n\r\n<strong>Homebuyer Education:</strong> If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.', 'Choice 100', '', 'inherit', 'open', 'open', '', '171-revision-v1', '', '', '2013-10-15 18:22:55', '2013-10-15 18:22:55', '', 171, 'http://reidownpayment.org/171-revision-22/', 0, 'revision', '', 0),
(316, 1, '2013-10-16 14:22:54', '2013-10-16 14:22:54', '<strong>REI CHOICE100</strong> - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans\r\n\r\nThe REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae\'s 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the \"choice\" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.\r\n\r\nYou can also use this program for a rate/term refinance of existing loans. Any loan that is refinanced must prove a demonstrable benefit to the borrower (i.e. lower payments, term, or interest rates). Cash out refinances are not eligible.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure:</strong> This is a first and second mortgage program that are packaged together. The first mortgage loan is a 30 year fixed rate 95% My Community Mortgage and the second mortgage is utilized to pay the down payment, closing or mortgage insurance premiums associated with the first mortgage.\r\n\r\n<strong>Second Mortgage:</strong> The second mortgage is sized at 5% of the total first mortgage loan amount. The second mortgage is a 20 year fixed rate mortgage with an interest rate of 6.00%. There is no pre-payment penalties on the second mortgage. Borrower may be reimbursed for their earnest money and prepaid expenses.\r\n\r\n<strong>Lenders:</strong> You may use the lender of your choice, if they are approved for the REI Choice100 program. Many lenders throughout the state are approved. If you are using a lender that is not familiar with the program or is not approved, please have them contact Dena Sherrill, REI Down Payment Assistance Manager at 800-658-2823 or <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a>.\r\n\r\n<strong>Income Limits:</strong> Income limits apply based on qualifying <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/08/2013-Area-Median-Incomes-Bond-Program-2.pdf\">income</a>.\r\n\r\n<strong>Credit Score:</strong> Minimum credit score of 680.\r\n\r\n<strong>Mortgage Insurance:</strong> Required coverage amount is lower than normal My Community Mortgage loans.\r\n\r\n<strong>First Time Homebuyer:</strong> You do not have to be a first-time homebuyer for this program.\r\n\r\n<strong>Homebuyer Education:</strong> If all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home-buyer education and counseling.\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/09/2013-Area-Median-Incomes-Choice-100-Program.pdf\">2013 Area Median Incomes - Choice 100 Program</a>', 'Choice 100', '', 'inherit', 'open', 'open', '', '171-revision-v1', '', '', '2013-10-16 14:22:54', '2013-10-16 14:22:54', '', 171, 'http://reidownpayment.org/171-revision-23/', 0, 'revision', '', 0);
