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(1426, 2, '2016-09-07 20:30:22', '2016-09-07 20:30:22', '<strong>REI GIFT100 - Conventional</strong>\r\n\r\nREI Down Payment Assistance invests in Oklahoma’s future by providing housing opportunities to low income individuals and families. The statewide REI Gift100 Program provides a competitive first mortgage and down payment and closing cost assistance to eligible mortgagors. The down payment is in the form of a gift. There are no second liens or deed restrictions filed against the property. The program includes the following loan types:\r\n<ul>\r\n 	<li>Fannie Mae HFA Preferred - up to 97% LTV</li>\r\n</ul>\r\nRate/term refinance on any of the above loan products.\r\n\r\n<strong>Lenders:</strong> Lenders must be approved by U.S. Bank to participate in the REI Gift100 program. Interested lenders should contact Dena Sherrill, Housing Program Manager, REI Down Payment Assistance at 1-800-658-2823 or dsherrill@reiok.org or Jeremy Layman, Housing Program Specialist at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n\r\n<strong>***Third Party Origination is not allowed***</strong>\r\n\r\n<strong>Program Highlights</strong>\r\n\r\n<strong>Structure:</strong> The funds may be used to fund up to 100% of the Borrower\'s cash requirement to close, including the down payment, closing costs, pre-paid items and other related Mortgage Loan fees and expenses. No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for an overage of his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied. Under the rate/term refinance option, any funds above the amount needed to pay the Borrower\'s loan related costs must be used to reduce the principal amount of the First Mortgage loan.\r\n<ul>\r\n 	<li>Fannie Mae HFA Preferred\r\n<ul>\r\n 	<li>Gift of 3.0, 4.0, or 5.0% of the total loan amount</li>\r\n</ul>\r\n</li>\r\n</ul>\r\n<strong>First Mortgage Origination Fee: </strong>Usual and customary at lender’s discretion.\r\n\r\n<strong>Interest rates:</strong> REI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily on the Lender Portal at www.reigift100.org. <strong>All loans must be delivered and purchased by U.S. Bank prior within 60 days of rate lock.</strong> One time extension can be purchased at the following rates:\r\n<ul>\r\n 	<li>7 days is 0.09375%</li>\r\n 	<li>15 days is 0.1875%</li>\r\n 	<li>22 days is 0.28125%</li>\r\n 	<li>30 days is 0.375%</li>\r\n</ul>\r\n<strong>***Rates can be subject to intra-day pricing changes***</strong>\r\n\r\n<strong>Income Limits:</strong> The Borrower\'s qualifying income must not exceed Program Income Limits. Click on Area Median Income below to view income limits. They can also be found in the Lender Portal at www.reigift100.org.\r\n\r\n<strong>***Lenders will be responsible for ensuring that the income meets program guidelines.***</strong>\r\n\r\n<strong>Credit Score: </strong>Minimum credit score of 640\r\n\r\n<strong>Maximum DTI:</strong> 45% no exceptions. See Program Summary below for more specific underwriting and/or manual underwriting details.\r\n\r\n<strong>Mortgage Insurance: </strong>Approved MI Companies are Arch, Essent, Genworth, MGIC, Radian, and United Guaranty\r\n\r\n<strong>MI Coverage:</strong>\r\n18% for LTVs &gt;95% and &lt; = 97%\r\n16% for LTVs &gt;90% and &lt;= 95%\r\n12% for LTVs &gt;85% and &lt;= 90%\r\n6% for LTVs &gt;80% and &lt;= 85%\r\n\r\n<strong>Seller Contributions:</strong> 3% Maximum for CLTV Greater than 90% and 6% maximum of CLTV less than or equal to 90%. May be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>First Time Home Buyer:</strong> No first-time home buyer requirement, however the borrower cannot as of the note date, have any individual or joint ownership interest in any other residential properties.\r\n\r\n<strong>Home Buyer Education:</strong>\r\n\r\nRequired if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n\r\n<strong>REI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course.  The cost is $99.00.  </strong><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a>\r\n<ul>\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/08/REI-Gift100-Fannie-Mae-Conventional-Program-Summary-16.08.19.pdf\" target=\"_blank\">REI Gift100 Conventional Program Summary</a></li>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">2016 Area Median Income – Gift100 Program</a></li>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/05/Conventional-Loan-Delivery-Checklist-2.12.16.pdf\" target=\"_blank\">Conventional Stacking Order</a></li>\r\n</ul>\r\n</ul>\r\n&nbsp;', 'REI Gift100 Conventional Loan Program', '', 'inherit', 'closed', 'closed', '', '217-revision-v1', '', '', '2016-09-07 20:30:22', '2016-09-07 20:30:22', '', 217, 'http://reidownpayment.org/217-revision-v1/', 0, 'revision', '', 0),
(1427, 2, '2016-09-08 13:52:30', '2016-09-08 13:52:30', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-09-08 13:52:30', '2016-09-08 13:52:30', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1428, 2, '2016-09-08 16:00:21', '2016-09-08 16:00:21', '', 'alyssa', '', 'inherit', 'open', 'closed', '', 'alyssa', '', '', '2016-09-08 16:00:21', '2016-09-08 16:00:21', '', 0, 'http://reidownpayment.org/wp/wp-content/uploads/2016/09/alyssa.jpg', 0, 'attachment', 'image/jpeg', 0),
(1429, 2, '2016-09-08 16:00:26', '2016-09-08 16:00:26', '', 'hailey', '', 'inherit', 'open', 'closed', '', 'hailey', '', '', '2016-09-08 16:00:26', '2016-09-08 16:00:26', '', 0, 'http://reidownpayment.org/wp/wp-content/uploads/2016/09/hailey.jpg', 0, 'attachment', 'image/jpeg', 0),
(1430, 2, '2016-09-08 16:01:23', '2016-09-08 16:01:23', '<h3></h3>\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/11/dena-mug.jpg\"><img class=\"size-full wp-image-45 alignleft\" style=\"margin-top: 0;\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/11/dena-mug.jpg\" alt=\"dena\" width=\"258\" height=\"260\" /></a>\r\n<h3></h3>\r\n<h3>Dena Sherrill</h3>\r\nHousing Manager\r\n<a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<div class=\"clearfix\"></div>\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/11/Jeremy-mug.jpg\"><img class=\"size-medium wp-image-46 alignleft\" style=\"margin-top: 40px;\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/11/Jeremy-mug.jpg\" alt=\"staff-2\" width=\"258\" height=\"260\" /></a>\r\n<h3>Jeremy Layman</h3>\r\nSr. Housing Program Specialist\r\n<a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<div class=\"clearfix\"></div>\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/11/linda-mug.jpg\"><img class=\"size-full wp-image-47 alignleft\" style=\"margin-top: 40px;\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/11/linda-mug.jpg\" alt=\"staff-3\" width=\"258\" height=\"261\" /></a>\r\n<h3>Linda Davis</h3>\r\nHousing Coordinator\r\n<a href=\"mailto:ldavis@reiok.org\">ldavis@reiok.org</a>\r\n\r\n&nbsp;\r\n<div class=\"clearfix\"></div>\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/alyssa.jpg\"><img class=\"size-full wp-image-47 alignleft\" style=\"margin-top: 40px;\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/alyssa.jpg\" alt=\"staff-3\" width=\"258\" height=\"261\" /></a>\r\n<h3>Alyssa Bowen</h3>\r\nHousing Program Specialist\r\n<a href=\"mailto:abowen@reiok.org\">abowen@reiok.org</a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<em>REI Oklahoma is an equal opportunity employer.</em>', 'Staff', '', 'inherit', 'closed', 'closed', '', '9-revision-v1', '', '', '2016-09-08 16:01:23', '2016-09-08 16:01:23', '', 9, 'http://reidownpayment.org/9-revision-v1/', 0, 'revision', '', 0),
(1431, 2, '2016-09-08 16:05:46', '2016-09-08 16:05:46', '<h3></h3>\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/11/dena-mug.jpg\"><img class=\"size-full wp-image-45 alignleft\" style=\"margin-top: 0;\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/11/dena-mug.jpg\" alt=\"dena\" width=\"258\" height=\"260\" /></a>\r\n<h3></h3>\r\n<h3>Dena Sherrill</h3>\r\nHousing Manager\r\n<a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<div class=\"clearfix\"></div>\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/11/Jeremy-mug.jpg\"><img class=\"size-medium wp-image-46 alignleft\" style=\"margin-top: 40px;\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/11/Jeremy-mug.jpg\" alt=\"staff-2\" width=\"258\" height=\"260\" /></a>\r\n<h3>Jeremy Layman</h3>\r\nSr. Housing Program Specialist\r\n<a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<div class=\"clearfix\"></div>\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2013/11/linda-mug.jpg\"><img class=\"size-full wp-image-47 alignleft\" style=\"margin-top: 40px;\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/11/linda-mug.jpg\" alt=\"staff-3\" width=\"258\" height=\"261\" /></a>\r\n<h3>Linda Davis</h3>\r\nHousing Coordinator\r\n<a href=\"mailto:ldavis@reiok.org\">ldavis@reiok.org</a>\r\n\r\n&nbsp;\r\n<div class=\"clearfix\"></div>\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/alyssa.jpg\"><img class=\"size-full wp-image-47 alignleft\" style=\"margin-top: 40px;\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/alyssa.jpg\" alt=\"staff-3\" width=\"258\" height=\"261\" /></a>\r\n<h3>Alyssa Bowen</h3>\r\nHousing Program Specialist\r\n<a href=\"mailto:abowen@reiok.org\">abowen@reiok.org</a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n<div class=\"clearfix\"></div>\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/hailey.jpg\"><img class=\"size-full wp-image-47 alignleft\" style=\"margin-top: 40px;\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/hailey.jpg\" alt=\"staff-3\" width=\"258\" height=\"261\" /></a>\r\n<h3>Hailey Perkins</h3>\r\nHousing Program Specialist\r\n<a href=\"mailto:hperkins@reiok.org\">hperkins@reiok.org</a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n<em>REI Oklahoma is an equal opportunity employer.</em>', 'Staff', '', 'inherit', 'closed', 'closed', '', '9-revision-v1', '', '', '2016-09-08 16:05:46', '2016-09-08 16:05:46', '', 9, 'http://reidownpayment.org/9-revision-v1/', 0, 'revision', '', 0),
(1433, 2, '2016-09-12 17:58:00', '2016-09-12 17:58:00', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-09-12 17:58:00', '2016-09-12 17:58:00', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1434, 2, '2016-09-12 17:58:13', '2016-09-12 17:58:13', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-09-12 17:58:13', '2016-09-12 17:58:13', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1435, 2, '2016-09-13 14:02:43', '2016-09-13 14:02:43', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-09-13 14:02:43', '2016-09-13 14:02:43', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1436, 2, '2016-09-14 14:18:26', '2016-09-14 14:18:26', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-09-14 14:18:26', '2016-09-14 14:18:26', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1437, 2, '2016-09-15 14:10:22', '2016-09-15 14:10:22', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-09-15 14:10:22', '2016-09-15 14:10:22', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1438, 2, '2016-09-16 14:02:43', '2016-09-16 14:02:43', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-09-16 14:02:43', '2016-09-16 14:02:43', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1439, 2, '2016-09-16 20:35:26', '2016-09-16 20:35:26', '', 'rei-dpa-steps-to-buying-a-home', '', 'inherit', 'open', 'closed', '', 'rei-dpa-steps-to-buying-a-home', '', '', '2016-09-16 20:35:26', '2016-09-16 20:35:26', '', 0, 'http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf', 0, 'attachment', 'application/pdf', 0),
(1440, 2, '2016-09-16 20:35:53', '2016-09-16 20:35:53', '<img class=\"size-full wp-image-146 alignright\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" alt=\"homebuyers-pic-1\" width=\"348\" height=\"348\" />\r\n<div lang=\"EN-US\">\r\n\r\nREI Down Payment Assistance provides down payment and closing cost assistance to eligible borrowers through partnerships with lenders across the state. The programs are developed for people who 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. Buying a home can be exciting, but also one of the most important financial decisions you make.  REI DPA has created “<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\">10 Steps to Homeownership</a>” to walk you through the home buying process.\r\n\r\nThe statewide REI Gift100 Program provides a competitive first mortgage and down payment/closing cost assistance to eligible mortgagors. The down payment is in the form of a gift that you are not required to pay back and there will not be second liens or deed restrictions against your property. This program can be used with the following loan types:\r\n<ul>\r\n 	<li>FHA</li>\r\n 	<li>VA</li>\r\n 	<li>Rural Development</li>\r\n 	<li>HUD Section 184</li>\r\n 	<li>Fannie Mae HFA Preferred</li>\r\n</ul>\r\nRate/term refinance on any of the above loan products.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure: </strong>The funds may be used to fund up to 100% of the Borrower\'s cash requirement to close, including the down payment, closing costs, pre-paid items and other related mortgage loan fees and expenses. The following is a breakdown of the assistance available:\r\n<ul>\r\n 	<li>FHA\r\n<ul>\r\n 	<li>Gift of up to 5.0% of the total loan amount. The amount of assistance varies based on credit score and underwriting.</li>\r\n</ul>\r\n</li>\r\n 	<li>VA, Rural Development &amp; HUD Section 184\r\n<ul>\r\n 	<li>Gift of 3.5% or 5.0% of the total loan amount</li>\r\n</ul>\r\n</li>\r\n 	<li>Fannie Mae HFA Preferred\r\n<ul>\r\n 	<li>Gift of 3.0, 4.0, or 5.0% of the total loan amount</li>\r\n</ul>\r\n</li>\r\n</ul>\r\n<strong>Lenders:</strong> You may use the REI Gift100 approved lender of your choice. 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 income and household size. Click on the appropriate link below for the Area Median Income requirements.\r\n\r\n<strong>Credit Score:</strong>\r\n<ul>\r\n 	<li>FHA, VA, Rural Development &amp; HUD Section 184\r\n<ul>\r\n 	<li><span style=\"color: #190707;\">Minimum Credit Score of 640 for assistance of 3.5% of 5.0%\r\n</span></li>\r\n</ul>\r\n</li>\r\n 	<li>Fannie Mae HFA Preferred\r\n<ul>\r\n 	<li><span style=\"color: #190707;\">Loan to Value (LTV) of 95.01% - 97% - minimum credit score of 680 for assistance of 3.5% of 5.0%\r\n</span></li>\r\n 	<li><span style=\"color: #190707;\">Loan to Value (LTV) =&lt;95% - minimum credit score of 640 for assistance of 3.5% or 5.0%\r\n</span></li>\r\n</ul>\r\n</li>\r\n</ul>\r\n<strong>First Time Home Buyer: </strong>No first-time home buyer requirement, however for the Fannie Mae HFA Preferred, the borrower cannot as of the note date, have any individual or joint ownership interest in any other residential properties.<strong>\r\n</strong>\r\n\r\n<strong>REI can provide Homebuyer Education through EHome America. Homebuyer education is required for most Fannie Mae HFA Preferred loans. Please click on the following link to take the online course. The cost is $99.00. </strong><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a>\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">2016 Income Limits for FHA, VA, &amp; HUD 184</a></li>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">2016 Income Limits for Conventional Program</a></li>\r\n</ul>\r\n</div>', 'Home Buyers', '', 'inherit', 'closed', 'closed', '', '6-revision-v1', '', '', '2016-09-16 20:35:53', '2016-09-16 20:35:53', '', 6, 'http://reidownpayment.org/6-revision-v1/', 0, 'revision', '', 0),
(1441, 2, '2016-09-16 20:36:19', '2016-09-16 20:36:19', '<img class=\"size-full wp-image-146 alignright\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" alt=\"homebuyers-pic-1\" width=\"348\" height=\"348\" />\r\n<div lang=\"EN-US\">\r\n\r\nREI Down Payment Assistance provides down payment and closing cost assistance to eligible borrowers through partnerships with lenders across the state. The programs are developed for people who 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. Buying a home can be exciting, but also one of the most important financial decisions you make.  REI DPA has created “<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a>” to walk you through the home buying process.\r\n\r\nThe statewide REI Gift100 Program provides a competitive first mortgage and down payment/closing cost assistance to eligible mortgagors. The down payment is in the form of a gift that you are not required to pay back and there will not be second liens or deed restrictions against your property. This program can be used with the following loan types:\r\n<ul>\r\n 	<li>FHA</li>\r\n 	<li>VA</li>\r\n 	<li>Rural Development</li>\r\n 	<li>HUD Section 184</li>\r\n 	<li>Fannie Mae HFA Preferred</li>\r\n</ul>\r\nRate/term refinance on any of the above loan products.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure: </strong>The funds may be used to fund up to 100% of the Borrower\'s cash requirement to close, including the down payment, closing costs, pre-paid items and other related mortgage loan fees and expenses. The following is a breakdown of the assistance available:\r\n<ul>\r\n 	<li>FHA\r\n<ul>\r\n 	<li>Gift of up to 5.0% of the total loan amount. The amount of assistance varies based on credit score and underwriting.</li>\r\n</ul>\r\n</li>\r\n 	<li>VA, Rural Development &amp; HUD Section 184\r\n<ul>\r\n 	<li>Gift of 3.5% or 5.0% of the total loan amount</li>\r\n</ul>\r\n</li>\r\n 	<li>Fannie Mae HFA Preferred\r\n<ul>\r\n 	<li>Gift of 3.0, 4.0, or 5.0% of the total loan amount</li>\r\n</ul>\r\n</li>\r\n</ul>\r\n<strong>Lenders:</strong> You may use the REI Gift100 approved lender of your choice. 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 income and household size. Click on the appropriate link below for the Area Median Income requirements.\r\n\r\n<strong>Credit Score:</strong>\r\n<ul>\r\n 	<li>FHA, VA, Rural Development &amp; HUD Section 184\r\n<ul>\r\n 	<li><span style=\"color: #190707;\">Minimum Credit Score of 640 for assistance of 3.5% of 5.0%\r\n</span></li>\r\n</ul>\r\n</li>\r\n 	<li>Fannie Mae HFA Preferred\r\n<ul>\r\n 	<li><span style=\"color: #190707;\">Loan to Value (LTV) of 95.01% - 97% - minimum credit score of 680 for assistance of 3.5% of 5.0%\r\n</span></li>\r\n 	<li><span style=\"color: #190707;\">Loan to Value (LTV) =&lt;95% - minimum credit score of 640 for assistance of 3.5% or 5.0%\r\n</span></li>\r\n</ul>\r\n</li>\r\n</ul>\r\n<strong>First Time Home Buyer: </strong>No first-time home buyer requirement, however for the Fannie Mae HFA Preferred, the borrower cannot as of the note date, have any individual or joint ownership interest in any other residential properties.<strong>\r\n</strong>\r\n\r\n<strong>REI can provide Homebuyer Education through EHome America. Homebuyer education is required for most Fannie Mae HFA Preferred loans. Please click on the following link to take the online course. The cost is $99.00. </strong><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a>\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">2016 Income Limits for FHA, VA, &amp; HUD 184</a></li>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">2016 Income Limits for Conventional Program</a></li>\r\n</ul>\r\n</div>', 'Home Buyers', '', 'inherit', 'closed', 'closed', '', '6-revision-v1', '', '', '2016-09-16 20:36:19', '2016-09-16 20:36:19', '', 6, 'http://reidownpayment.org/6-revision-v1/', 0, 'revision', '', 0),
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(1446, 2, '2016-09-16 20:51:55', '2016-09-16 20:51:55', '<strong>How Do You Buy a Home?</strong>\n\nBuying a home can be exciting, but also one of the most important financial decisions you make.  REI DPA has created a step-by-step resource to walk you through the home buying process.', '10 Steps to Homeownership', '', 'inherit', 'closed', 'closed', '', '1442-autosave-v1', '', '', '2016-09-16 20:51:55', '2016-09-16 20:51:55', '', 1442, 'http://reidownpayment.org/1442-autosave-v1/', 0, 'revision', '', 0),
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(1449, 2, '2016-09-19 14:24:09', '2016-09-19 14:24:09', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-09-19 14:24:09', '2016-09-19 14:24:09', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1450, 2, '2016-09-20 13:52:51', '2016-09-20 13:52:51', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-09-20 13:52:51', '2016-09-20 13:52:51', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1452, 2, '2016-09-21 13:57:35', '2016-09-21 13:57:35', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-09-21 13:57:35', '2016-09-21 13:57:35', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1453, 2, '2016-09-22 13:53:28', '2016-09-22 13:53:28', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-09-22 13:53:28', '2016-09-22 13:53:28', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1454, 2, '2016-09-23 14:09:00', '2016-09-23 14:09:00', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-09-23 14:09:00', '2016-09-23 14:09:00', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1455, 2, '2016-09-26 14:00:10', '2016-09-26 14:00:10', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-09-26 14:00:10', '2016-09-26 14:00:10', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1456, 2, '2016-09-28 14:06:00', '2016-09-28 14:06:00', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-09-28 14:06:00', '2016-09-28 14:06:00', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1457, 2, '2016-09-28 14:07:16', '2016-09-28 14:07:16', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-09-28 14:07:16', '2016-09-28 14:07:16', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1459, 2, '2016-09-29 14:02:14', '2016-09-29 14:02:14', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-09-29 14:02:14', '2016-09-29 14:02:14', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1460, 2, '2016-09-30 14:02:15', '2016-09-30 14:02:15', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-09-30 14:02:15', '2016-09-30 14:02:15', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1461, 2, '2016-10-03 13:53:22', '2016-10-03 13:53:22', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-10-03 13:53:22', '2016-10-03 13:53:22', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1462, 2, '2016-10-04 14:00:40', '2016-10-04 14:00:40', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-10-04 14:00:40', '2016-10-04 14:00:40', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1463, 2, '2016-10-05 14:02:43', '2016-10-05 14:02:43', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-10-05 14:02:43', '2016-10-05 14:02:43', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1464, 2, '2016-10-06 13:53:04', '2016-10-06 13:53:04', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-10-06 13:53:04', '2016-10-06 13:53:04', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1466, 2, '2016-10-07 14:06:14', '2016-10-07 14:06:14', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-10-07 14:06:14', '2016-10-07 14:06:14', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1467, 2, '2016-10-11 14:00:24', '2016-10-11 14:00:24', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-10-11 14:00:24', '2016-10-11 14:00:24', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1468, 2, '2016-10-12 14:02:27', '2016-10-12 14:02:27', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-10-12 14:02:27', '2016-10-12 14:02:27', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1469, 2, '2016-10-13 14:01:23', '2016-10-13 14:01:23', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-10-13 14:01:23', '2016-10-13 14:01:23', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1470, 2, '2016-10-14 14:07:42', '2016-10-14 14:07:42', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-10-14 14:07:42', '2016-10-14 14:07:42', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1472, 2, '2016-10-17 13:56:47', '2016-10-17 13:56:47', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-10-17 13:56:47', '2016-10-17 13:56:47', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1473, 2, '2016-10-17 13:57:12', '2016-10-17 13:57:12', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-10-17 13:57:12', '2016-10-17 13:57:12', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1474, 2, '2016-10-18 13:51:07', '2016-10-18 13:51:07', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-10-18 13:51:07', '2016-10-18 13:51:07', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1475, 2, '2016-10-18 13:54:35', '2016-10-18 13:54:35', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-10-18 13:54:35', '2016-10-18 13:54:35', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1476, 2, '2016-10-18 14:18:29', '2016-10-18 14:18:29', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-10-18 14:18:29', '2016-10-18 14:18:29', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
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(1478, 2, '2016-10-18 16:13:54', '2016-10-18 16:13:54', '<strong>REI GIFT100 - Conventional</strong>\r\n\r\nREI Down Payment Assistance invests in Oklahoma’s future by providing housing opportunities to low income individuals and families. The statewide REI Gift100 Program provides a competitive first mortgage and down payment and closing cost assistance to eligible mortgagors. The down payment is in the form of a gift. There are no second liens or deed restrictions filed against the property. The program includes the following loan types:\r\n<ul>\r\n 	<li>Fannie Mae HFA Preferred - up to 97% LTV</li>\r\n</ul>\r\nRate/term refinance on any of the above loan products.\r\n\r\n<strong>Lenders:</strong> Lenders must be approved by U.S. Bank to participate in the REI Gift100 program. Interested lenders should contact Dena Sherrill, Housing Program Manager, REI Down Payment Assistance at 1-800-658-2823 or dsherrill@reiok.org or Jeremy Layman, Housing Program Specialist at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n\r\n<strong>***Third Party Origination is not allowed***</strong>\r\n\r\n<strong>Program Highlights</strong>\r\n\r\n<strong>Structure:</strong> The funds may be used to fund up to 100% of the Borrower\'s cash requirement to close, including the down payment, closing costs, pre-paid items and other related Mortgage Loan fees and expenses. No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for an overage of his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied. Under the rate/term refinance option, any funds above the amount needed to pay the Borrower\'s loan related costs must be used to reduce the principal amount of the First Mortgage loan.\r\n<ul>\r\n 	<li>Fannie Mae HFA Preferred\r\n<ul>\r\n 	<li>Gift of 3.0, 4.0, or 5.0% of the total loan amount</li>\r\n</ul>\r\n</li>\r\n</ul>\r\n<strong>First Mortgage Origination Fee: </strong>Usual and customary at lender’s discretion.\r\n\r\n<strong>Interest rates:</strong> REI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily on the Lender Portal at www.reigift100.org. <strong>All loans must be delivered and purchased by U.S. Bank prior within 60 days of rate lock.</strong> One time extension can be purchased at the following rates:\r\n<ul>\r\n 	<li>7 days is 0.09375%</li>\r\n 	<li>15 days is 0.1875%</li>\r\n 	<li>22 days is 0.28125%</li>\r\n 	<li>30 days is 0.375%</li>\r\n</ul>\r\n<strong>***Rates can be subject to intra-day pricing changes***</strong>\r\n\r\n<strong>Income Limits:</strong> The Borrower\'s qualifying income must not exceed Program Income Limits. Click on Area Median Income below to view income limits. They can also be found in the Lender Portal at www.reigift100.org.\r\n\r\n<strong>***Lenders will be responsible for ensuring that the income meets program guidelines.***</strong>\r\n\r\n<strong>Credit Score: </strong>Minimum credit score of 640\r\n\r\n<strong>Maximum DTI:</strong> 45% no exceptions. See Program Summary below for more specific underwriting and/or manual underwriting details.\r\n\r\n<strong>Mortgage Insurance: </strong>Approved MI Companies are Arch, Essent, Genworth, MGIC, Radian, and United Guaranty\r\n\r\n<strong>MI Coverage:</strong>\r\n18% for LTVs &gt;95% and &lt; = 97%\r\n16% for LTVs &gt;90% and &lt;= 95%\r\n12% for LTVs &gt;85% and &lt;= 90%\r\n6% for LTVs &gt;80% and &lt;= 85%\r\n\r\n<strong>Seller Contributions:</strong> 3% Maximum for CLTV Greater than 90% and 6% maximum of CLTV less than or equal to 90%. May be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>First Time Home Buyer:</strong> No first-time home buyer requirement, however the borrower cannot as of the note date, have any individual or joint ownership interest in any other residential properties.\r\n\r\n<strong>Home Buyer Education:</strong>\r\n\r\nRequired if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n\r\n<strong>REI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course.  The cost is $99.00.  </strong><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a>\r\n<ul>\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/10/REI-Gift100-Conventional-Program-Summary-16.10.17.pdf\" target=\"_blank\">REI Gift100 Conventional Program Summary</a></li>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">2016 Area Median Income – Gift100 Program</a></li>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/05/Conventional-Loan-Delivery-Checklist-2.12.16.pdf\" target=\"_blank\">Conventional Stacking Order</a></li>\r\n</ul>\r\n</ul>\r\n&nbsp;', 'REI Gift100 Conventional Loan Program', '', 'inherit', 'closed', 'closed', '', '217-revision-v1', '', '', '2016-10-18 16:13:54', '2016-10-18 16:13:54', '', 217, 'http://reidownpayment.org/217-revision-v1/', 0, 'revision', '', 0),
(1479, 2, '2016-10-18 16:20:29', '2016-10-18 16:20:29', '<img class=\"size-full wp-image-146 alignright\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" alt=\"homebuyers-pic-1\" width=\"348\" height=\"348\" />\r\n<div lang=\"EN-US\">\r\n\r\nREI Down Payment Assistance provides down payment and closing cost assistance to eligible borrowers through partnerships with lenders across the state. The programs are developed for people who 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. Buying a home can be exciting, but also one of the most important financial decisions you make.  REI DPA has created “<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a>” to walk you through the home buying process.\r\n\r\nThe statewide REI Gift100 Program provides a competitive first mortgage and down payment/closing cost assistance to eligible mortgagors. The down payment is in the form of a gift that you are not required to pay back and there will not be second liens or deed restrictions against your property. This program can be used with the following loan types:\r\n<ul>\r\n 	<li>FHA</li>\r\n 	<li>VA</li>\r\n 	<li>Rural Development</li>\r\n 	<li>HUD Section 184</li>\r\n 	<li>Fannie Mae HFA Preferred</li>\r\n 	<li>Freddie Mac HFA Advantage</li>\r\n</ul>\r\nRate/term refinance on any of the above loan products.\r\n\r\n<strong>Program Highlights:</strong>\r\n\r\n<strong>Structure: </strong>The funds may be used to fund up to 100% of the Borrower\'s cash requirement to close, including the down payment, closing costs, pre-paid items and other related mortgage loan fees and expenses. The following is a breakdown of the assistance available:\r\n<ul>\r\n 	<li>FHA\r\n<ul>\r\n 	<li>Gift of up to 5.0% of the total loan amount. The amount of assistance varies based on credit score and underwriting.</li>\r\n</ul>\r\n</li>\r\n 	<li>VA, Rural Development &amp; HUD Section 184\r\n<ul>\r\n 	<li>Gift of 3.5% or 5.0% of the total loan amount</li>\r\n</ul>\r\n</li>\r\n 	<li>Fannie Mae HFA Preferred\r\n<ul>\r\n 	<li>Gift of 3.5% or 5.0% of the total loan amount</li>\r\n</ul>\r\n</li>\r\n 	<li>Freddie Mac HFA Advantage\r\n<ul>\r\n 	<li>Gift of 3.5% or 5.0% of the total loan amount</li>\r\n</ul>\r\n</li>\r\n</ul>\r\n<strong>Lenders:</strong> You may use the REI Gift100 approved lender of your choice. 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 income and household size. Click on the appropriate link below for the Area Median Income requirements.\r\n\r\n<strong>Credit Score:</strong>\r\n<ul>\r\n 	<li>FHA, VA, Rural Development &amp; HUD Section 184\r\n<ul>\r\n 	<li><span style=\"color: #190707;\">Minimum Credit Score of 640 for assistance of 3.5% of 5.0%\r\n</span></li>\r\n</ul>\r\n</li>\r\n 	<li>Fannie Mae HFA Preferred\r\n<ul>\r\n 	<li><span style=\"color: #190707;\">Loan to Value (LTV) of 95.01% - 97% - minimum credit score of 640 for assistance of 3.5% of 5.0%\r\n</span></li>\r\n 	<li><span style=\"color: #190707;\">Loan to Value (LTV) =&lt;95% - minimum credit score of 640 for assistance of 3.5% or 5.0%\r\n</span></li>\r\n</ul>\r\n</li>\r\n 	<li>Freddie Mac HFA Advantage\r\n<ul>\r\n 	<li><span style=\"color: #190707;\">Loan to Value (LTV) of 95.01% - 97% - minimum credit score of 640 for assistance of 3.5% of 5.0%\r\n</span></li>\r\n 	<li><span style=\"color: #190707;\">Loan to Value (LTV) =&lt;95% - minimum credit score of 640 for assistance of 3.5% or 5.0%</span></li>\r\n</ul>\r\n</li>\r\n</ul>\r\n<strong>First Time Home Buyer: </strong>No first-time home buyer requirement, however for the Freddie Mac HFA Advantage, the borrower cannot as of the note date, have any individual or joint ownership interest in any other residential properties.<strong>\r\n</strong>\r\n\r\n<strong>REI can provide Homebuyer Education through EHome America. Homebuyer education is required for most Fannie Mae HFA Preferred loans. Please click on the following link to take the online course. The cost is $99.00. </strong><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a>\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">2016 Income Limits for FHA, VA, &amp; HUD 184</a></li>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">2016 Income Limits for Conventional Program</a></li>\r\n</ul>\r\n</div>', 'Home Buyers', '', 'inherit', 'closed', 'closed', '', '6-revision-v1', '', '', '2016-10-18 16:20:29', '2016-10-18 16:20:29', '', 6, 'http://reidownpayment.org/6-revision-v1/', 0, 'revision', '', 0),
(1480, 2, '2016-10-18 16:21:38', '2016-10-18 16:21:38', '<strong>REI GIFT100 - Conventional</strong>\r\n\r\nREI Down Payment Assistance invests in Oklahoma’s future by providing housing opportunities to low income individuals and families. The statewide REI Gift100 Program provides a competitive first mortgage and down payment and closing cost assistance to eligible mortgagors. The down payment is in the form of a gift. There are no second liens or deed restrictions filed against the property. The program includes the following loan types:\r\n<ul>\r\n 	<li>Fannie Mae HFA Preferred - up to 97% LTV</li>\r\n 	<li>Freddie Mac HFA Advantage - up to 97% LTV</li>\r\n</ul>\r\nRate/term refinance on any of the above loan products.\r\n\r\n<strong>Lenders:</strong> Lenders must be approved by U.S. Bank to participate in the REI Gift100 program. Interested lenders should contact Dena Sherrill, Housing Program Manager, REI Down Payment Assistance at 1-800-658-2823 or dsherrill@reiok.org or Jeremy Layman, Housing Program Specialist at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n\r\n<strong>***Third Party Origination is not allowed***</strong>\r\n\r\n<strong>Program Highlights</strong>\r\n\r\n<strong>Structure:</strong> The funds may be used to fund up to 100% of the Borrower\'s cash requirement to close, including the down payment, closing costs, pre-paid items and other related Mortgage Loan fees and expenses. No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for an overage of his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied. Under the rate/term refinance option, any funds above the amount needed to pay the Borrower\'s loan related costs must be used to reduce the principal amount of the First Mortgage loan.\r\n<ul>\r\n 	<li>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage\r\n<ul>\r\n 	<li>Gift of 3.5% or 5.0% of the total loan amount</li>\r\n</ul>\r\n</li>\r\n</ul>\r\n<strong>First Mortgage Origination Fee: </strong>Usual and customary at lender’s discretion.\r\n\r\n<strong>Interest rates:</strong> REI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily on the Lender Portal at www.reigift100.org. <strong>All loans must be delivered and purchased by U.S. Bank prior within 60 days of rate lock.</strong> One time extension can be purchased at the following rates:\r\n<ul>\r\n 	<li>7 days is 0.09375%</li>\r\n 	<li>15 days is 0.1875%</li>\r\n 	<li>22 days is 0.28125%</li>\r\n 	<li>30 days is 0.375%</li>\r\n</ul>\r\n<strong>***Rates can be subject to intra-day pricing changes***</strong>\r\n\r\n<strong>Income Limits:</strong> The Borrower\'s qualifying income must not exceed Program Income Limits. Click on Area Median Income below to view income limits. They can also be found in the Lender Portal at www.reigift100.org.\r\n\r\n<strong>***Lenders will be responsible for ensuring that the income meets program guidelines.***</strong>\r\n\r\n<strong>Credit Score: </strong>Minimum credit score of 640\r\n\r\n<strong>Maximum DTI:</strong> 45% no exceptions. See Program Summary below for more specific underwriting and/or manual underwriting details.\r\n\r\n<strong>Mortgage Insurance: </strong>Approved MI Companies are Arch, Essent, Genworth, MGIC, Radian, and United Guaranty\r\n\r\n<strong>MI Coverage:</strong>\r\n18% for LTVs &gt;95% and &lt; = 97%\r\n16% for LTVs &gt;90% and &lt;= 95%\r\n12% for LTVs &gt;85% and &lt;= 90%\r\n6% for LTVs &gt;80% and &lt;= 85%\r\n\r\n<strong>Seller Contributions:</strong> 3% Maximum for CLTV Greater than 90% and 6% maximum of CLTV less than or equal to 90%. May be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>First Time Home Buyer:</strong> No first-time home buyer requirement, however the borrower cannot as of the note date, have any individual or joint ownership interest in any other residential properties.\r\n\r\n<strong>Home Buyer Education:</strong>\r\n\r\nRequired if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n\r\n<strong>REI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course.  The cost is $99.00.  </strong><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a>\r\n<ul>\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/10/REI-Gift100-Conventional-Program-Summary-16.10.17.pdf\" target=\"_blank\">REI Gift100 Conventional Program Summary</a></li>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">2016 Area Median Income – Gift100 Program</a></li>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/05/Conventional-Loan-Delivery-Checklist-2.12.16.pdf\" target=\"_blank\">Conventional Stacking Order</a></li>\r\n</ul>\r\n</ul>\r\n&nbsp;', 'REI Gift100 Conventional Loan Program', '', 'inherit', 'closed', 'closed', '', '217-revision-v1', '', '', '2016-10-18 16:21:38', '2016-10-18 16:21:38', '', 217, 'http://reidownpayment.org/217-revision-v1/', 0, 'revision', '', 0),
(1481, 2, '2016-10-19 14:05:57', '2016-10-19 14:05:57', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-10-19 14:05:57', '2016-10-19 14:05:57', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1482, 2, '2016-10-20 14:03:17', '2016-10-20 14:03:17', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-10-20 14:03:17', '2016-10-20 14:03:17', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1483, 2, '2016-10-21 13:59:33', '2016-10-21 13:59:33', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-10-21 13:59:33', '2016-10-21 13:59:33', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1484, 2, '2016-10-24 13:54:23', '2016-10-24 13:54:23', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-10-24 13:54:23', '2016-10-24 13:54:23', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1486, 2, '2016-10-25 14:05:49', '2016-10-25 14:05:49', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-10-25 14:05:49', '2016-10-25 14:05:49', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1487, 2, '2016-10-26 14:07:07', '2016-10-26 14:07:07', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-10-26 14:07:07', '2016-10-26 14:07:07', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1488, 2, '2016-10-27 13:58:02', '2016-10-27 13:58:02', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-10-27 13:58:02', '2016-10-27 13:58:02', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1489, 2, '2016-10-28 14:13:26', '2016-10-28 14:13:26', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-10-28 14:13:26', '2016-10-28 14:13:26', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1490, 2, '2016-10-31 14:03:43', '2016-10-31 14:03:43', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-10-31 14:03:43', '2016-10-31 14:03:43', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1491, 2, '2016-11-01 14:56:02', '2016-11-01 14:56:02', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-11-01 14:56:02', '2016-11-01 14:56:02', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1493, 2, '2016-11-03 14:04:10', '2016-11-03 14:04:10', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-11-03 14:04:10', '2016-11-03 14:04:10', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1494, 2, '2016-11-04 14:16:35', '2016-11-04 14:16:35', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-11-04 14:16:35', '2016-11-04 14:16:35', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1495, 2, '2016-11-07 15:00:45', '2016-11-07 15:00:45', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-11-07 15:00:45', '2016-11-07 15:00:45', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1499, 2, '2016-11-08 15:04:46', '2016-11-08 15:04:46', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-11-08 15:04:46', '2016-11-08 15:04:46', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1500, 2, '2016-11-08 21:08:18', '2016-11-08 21:08:18', 'Home is a place of comfort, refuge and rest. These feelings are amplified when you own your home, that is why homeownership is called \"The American Dream\".  Many people do not believe that they are eligible to purchase a home. REI Down Payment Assistance has down payment and/or closing cost assistance programs, which could be the key to you becoming a homeowner.\r\n\r\nREI Down Payment Assistance has helped more than 4,900 Oklahoma families achieve homeownership through partnerships with mortgage lenders. These programs give mortgage lenders more tools to help eligible borrowers purchase the home of their dreams.\r\n\r\nHome...Where Life Begins! Let us help, whether you are a potential homebuyer or lender, click the appropriate links above to learn more.', 'Home... Where Life Begins!', '', 'inherit', 'closed', 'closed', '', '22-revision-v1', '', '', '2016-11-08 21:08:18', '2016-11-08 21:08:18', '', 22, 'http://reidownpayment.org/22-revision-v1/', 0, 'revision', '', 0),
(1501, 2, '2016-11-09 14:58:59', '2016-11-09 14:58:59', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-11-09 14:58:59', '2016-11-09 14:58:59', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1502, 2, '2016-11-10 15:14:45', '2016-11-10 15:14:45', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-11-10 15:14:45', '2016-11-10 15:14:45', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1504, 2, '2016-11-14 15:05:53', '2016-11-14 15:05:53', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-11-14 15:05:53', '2016-11-14 15:05:53', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1505, 2, '2016-11-15 15:05:37', '2016-11-15 15:05:37', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-11-15 15:05:37', '2016-11-15 15:05:37', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1506, 2, '2016-11-16 14:36:36', '2016-11-16 14:36:36', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-11-16 14:36:36', '2016-11-16 14:36:36', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1507, 2, '2016-11-17 14:58:57', '2016-11-17 14:58:57', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-11-17 14:58:57', '2016-11-17 14:58:57', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1508, 2, '2016-11-18 15:04:24', '2016-11-18 15:04:24', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-11-18 15:04:24', '2016-11-18 15:04:24', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1509, 2, '2016-11-21 15:06:50', '2016-11-21 15:06:50', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-11-21 15:06:50', '2016-11-21 15:06:50', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1511, 2, '2016-11-22 14:23:30', '2016-11-22 14:23:30', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-11-22 14:23:30', '2016-11-22 14:23:30', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1512, 2, '2016-11-23 14:53:05', '2016-11-23 14:53:05', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-11-23 14:53:05', '2016-11-23 14:53:05', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1513, 2, '2016-11-28 14:27:26', '2016-11-28 14:27:26', '', 'rei-gift100-conventional-program-summary-16-11-21', '', 'inherit', 'open', 'closed', '', 'rei-gift100-conventional-program-summary-16-11-21', '', '', '2016-11-28 14:27:26', '2016-11-28 14:27:26', '', 0, 'http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf', 0, 'attachment', 'application/pdf', 0),
(1514, 2, '2016-11-28 14:28:03', '2016-11-28 14:28:03', '<strong>REI GIFT100 - Conventional</strong>\r\n\r\nREI Down Payment Assistance invests in Oklahoma’s future by providing housing opportunities to low income individuals and families. The statewide REI Gift100 Program provides a competitive first mortgage and down payment and closing cost assistance to eligible mortgagors. The down payment is in the form of a gift. There are no second liens or deed restrictions filed against the property. The program includes the following loan types:\r\n<ul>\r\n 	<li>Fannie Mae HFA Preferred - up to 97% LTV</li>\r\n 	<li>Freddie Mac HFA Advantage - up to 97% LTV</li>\r\n</ul>\r\nRate/term refinance on any of the above loan products.\r\n\r\n<strong>Lenders:</strong> Lenders must be approved by U.S. Bank to participate in the REI Gift100 program. Interested lenders should contact Dena Sherrill, Housing Program Manager, REI Down Payment Assistance at 1-800-658-2823 or dsherrill@reiok.org or Jeremy Layman, Housing Program Specialist at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>.\r\n\r\n<strong>***Third Party Origination is not allowed***</strong>\r\n\r\n<strong>Program Highlights</strong>\r\n\r\n<strong>Structure:</strong> The funds may be used to fund up to 100% of the Borrower\'s cash requirement to close, including the down payment, closing costs, pre-paid items and other related Mortgage Loan fees and expenses. No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for an overage of his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied. Under the rate/term refinance option, any funds above the amount needed to pay the Borrower\'s loan related costs must be used to reduce the principal amount of the First Mortgage loan.\r\n<ul>\r\n 	<li>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage\r\n<ul>\r\n 	<li>Gift of 3.5% or 5.0% of the total loan amount</li>\r\n</ul>\r\n</li>\r\n</ul>\r\n<strong>First Mortgage Origination Fee: </strong>Usual and customary at lender’s discretion.\r\n\r\n<strong>Interest rates:</strong> REI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily on the Lender Portal at www.reigift100.org. <strong>All loans must be delivered and purchased by U.S. Bank prior within 60 days of rate lock.</strong> One time extension can be purchased at the following rates:\r\n<ul>\r\n 	<li>7 days is 0.09375%</li>\r\n 	<li>15 days is 0.1875%</li>\r\n 	<li>22 days is 0.28125%</li>\r\n 	<li>30 days is 0.375%</li>\r\n</ul>\r\n<strong>***Rates can be subject to intra-day pricing changes***</strong>\r\n\r\n<strong>Income Limits:</strong> The Borrower\'s qualifying income must not exceed Program Income Limits. Click on Area Median Income below to view income limits. They can also be found in the Lender Portal at www.reigift100.org.\r\n\r\n<strong>***Lenders will be responsible for ensuring that the income meets program guidelines.***</strong>\r\n\r\n<strong>Credit Score: </strong>Minimum credit score of 640\r\n\r\n<strong>Maximum DTI:</strong> 45% no exceptions. See Program Summary below for more specific underwriting and/or manual underwriting details.\r\n\r\n<strong>Mortgage Insurance: </strong>Approved MI Companies are Arch, Essent, Genworth, MGIC, Radian, and United Guaranty\r\n\r\n<strong>MI Coverage:</strong>\r\n18% for LTVs &gt;95% and &lt; = 97%\r\n16% for LTVs &gt;90% and &lt;= 95%\r\n12% for LTVs &gt;85% and &lt;= 90%\r\n6% for LTVs &gt;80% and &lt;= 85%\r\n\r\n<strong>Seller Contributions:</strong> 3% Maximum for CLTV Greater than 90% and 6% maximum of CLTV less than or equal to 90%. May be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>First Time Home Buyer:</strong> No first-time home buyer requirement, however the borrower cannot as of the note date, have any individual or joint ownership interest in any other residential properties.\r\n\r\n<strong>Home Buyer Education:</strong>\r\n\r\nRequired if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n\r\n<strong>REI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course.  The cost is $99.00.  </strong><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a>\r\n<ul>\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\">REI Gift100 Conventional Program Summary</a></li>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">2016 Area Median Income – Gift100 Program</a></li>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/05/Conventional-Loan-Delivery-Checklist-2.12.16.pdf\" target=\"_blank\">Conventional Stacking Order</a></li>\r\n</ul>\r\n</ul>\r\n&nbsp;', 'REI Gift100 Conventional Loan Program', '', 'inherit', 'closed', 'closed', '', '217-revision-v1', '', '', '2016-11-28 14:28:03', '2016-11-28 14:28:03', '', 217, 'http://reidownpayment.org/217-revision-v1/', 0, 'revision', '', 0),
(1515, 2, '2016-11-28 14:37:56', '2016-11-28 14:37:56', '<b>REI GIFT100 - Government\r\n</b>\r\n\r\nREI Down Payment Assistance invests in Oklahoma’s future by providing housing opportunities to low income individuals and families.  The statewide REI Gift100 Program provides a competitive first mortgage and down payment and closing cost assistance to eligible mortgagors. The down payment is in the form of a gift, second liens or deed restrictions are not required.\r\n\r\nThe program includes the following loan types:\r\n<ul>\r\n 	<li>FHA – 203(b), 234(c) &amp; 203ks (lenders must have an additional approval from U.S. Bank to originate 203ks loans) – 30 year fixed rate</li>\r\n 	<li>VA – 203(b) &amp; 234(c) – 30 year fixed rate</li>\r\n 	<li>Rural Housing Guaranteed Loan – 30 year fixed rate</li>\r\n 	<li>HUD Section 184 – 30 year fixed rate</li>\r\n</ul>\r\nRate/term refinance on any of the above loan products.<strong>\r\n</strong>\r\n\r\n<strong>Lenders:</strong> Lenders must be approved by U.S. Bank to participate in the REI Gift100 Program.  Interested lenders should contact U.S. Bank Help desk at 1-800-562-5165 or <a href=\"mailto:mrbp.helpdesk@usbank.com\" target=\"_blank\">mrbp.helpdesk@usbank.com</a>.  You can also contact Dena Sherrill, Housing Program Manager, REI Down Payment Assistance at 1-800-658-2823 or <a href=\"mailto:dsherrill@reiok.org\" target=\"_blank\">dsherrill@reiok.org</a> or Jeremy Layman, Housing Program Specialist at <a href=\"mailto:jlayman@reiok.org\" target=\"_blank\">jlayman@reiok.org</a>.\r\n<p align=\"center\"><b>***Third Party Origination is not allowed***</b></p>\r\n<strong>Program Structure:</strong>\r\n\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount.\r\n<ul>\r\n 	<li>The funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items and other related Mortgage Loan fees and expenses. No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for an overage of his/her earnest money deposit to the extent the minimum Borrower contribution has been satisfied. Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.</li>\r\n</ul>\r\n<strong>FHA, RD, HUD 184, VA - </strong>Amount of Assistance/Credit Score/Underwriting:\r\n<ul>\r\n 	<li>Down Payment Assistance of 3.5% or 5.0% of the total first loan amount.</li>\r\n 	<li>Loans may be underwritten through an automated underwriting System (DU or LP) – Rural Development Loans (GUS)</li>\r\n 	<li>All borrowers MUST have a minimum representative Credit Score of 640.</li>\r\n 	<li>Manual Underwrite – a loan can be manually underwritten at the lender’s discretion if there is an AUS finding of refer or if the borrower has NO FICO Score. The maximum DTI for manually underwritten loans is 36% and borrower must have 2 months PITI reserves after closing (or per product guide if greater). Follow manual underwriting guidelines for the appropriate loan product.</li>\r\n</ul>\r\n<strong>Debt Ratio for FHA, RD, VA, &amp; HUD 184</strong>\r\n<ul>\r\n 	<li>Determined by First Mortgage Program not to exceed 45%.</li>\r\n 	<li>Manual Underwrite/Alternative Credit Score 36% with 2 months PITI reserves after closing.</li>\r\n</ul>\r\n<b>First Mortgage Origination Fee:  </b>Usual and customary as allowed by First Mortgage loan program.\r\n\r\n<strong>Interest rates:</strong> REI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily on the Lender Portal at <a href=\"http://www.reigift100.org/\">www.reigift100.org</a>.  All loans must be delivered and purchased by U.S. Bank within 60 days of rate lock.  One time extension can be purchased. Please see Program Summary below for details.\r\n\r\n<strong>Income Limits:</strong> FHA, VA, &amp; HUD 184 - The Borrower\'s <strong>qualifying </strong>income must not exceed Program Income Limits.  Click on Area Median Income below to view income limits.  They can also be found in the Lender Portal at <a href=\"http://www.reigift100.org/\" target=\"_blank\">www.reigift100.org</a>.\r\n\r\nRural Development Loans - Income is based on Adjusted Household Income per Rural Development\'s Guidelines.  Income limits can be found by <a href=\"http://www.rurdev.usda.gov/SupportDocuments/OK%20GRH.pdf\" target=\"_blank\">clicking here</a>.\r\n\r\n<b>***Lenders will be responsible for ensuring that the income meets program guidelines.***</b>\r\n\r\n<strong>First Time Home Buyer:</strong> No first-time home buyer requirement.\r\n\r\n<strong>Home Buyer Education:</strong> Recommended but not required.\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/REI-Gift100-Program-Summary-16.4.05.pdf\" target=\"_blank\">REI Gift100 Program Summary</a></li>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">2016 Area Median Income - Gift100 Program</a></li>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/05/Government-Loan-Delivery-Checklist-2.12.16.pdf\" target=\"_blank\">Government Stacking Order</a></li>\r\n 	<li><a href=\"https://www.reigift100.org/Bin/Display.exe/ShowSection\" target=\"_blank\">Lender Portal</a></li>\r\n</ul>\r\n<strong>US Bank Forms &amp; Bulletins:</strong>\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2014/05/USB-002-DPA-Form.pdf\" target=\"_blank\">US Bank Down Payment Assistance Form</a></li>\r\n</ul>', 'REI Gift100 Government Loan Program', '', 'inherit', 'closed', 'closed', '', '431-revision-v1', '', '', '2016-11-28 14:37:56', '2016-11-28 14:37:56', '', 431, 'http://reidownpayment.org/431-revision-v1/', 0, 'revision', '', 0),
(1516, 2, '2016-11-28 14:53:12', '2016-11-28 14:53:12', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-11-28 14:53:12', '2016-11-28 14:53:12', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1517, 2, '2016-11-29 15:28:02', '2016-11-29 15:28:02', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-11-29 15:28:02', '2016-11-29 15:28:02', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1518, 2, '2016-11-29 18:41:00', '2016-11-29 18:41:00', '[hs-faq-cat id=\"5\"]', 'Home Buyer FAQ', '', 'publish', 'closed', 'closed', '', 'home-buyer-faq', '', '', '2017-04-25 15:17:50', '2017-04-25 15:17:50', '', 6, 'http://reidownpayment.org/?page_id=1518', 0, 'page', '', 0);
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(1519, 2, '2016-11-29 18:41:00', '2016-11-29 18:41:00', '<strong>What type of loan programs are offered with the gift?</strong>\r\n<ul>\r\n 	<li>FHA</li>\r\n 	<li>VA</li>\r\n 	<li>Rural Development</li>\r\n 	<li>HUD Section 184</li>\r\n 	<li>Fannie Mae HFA Preferred</li>\r\n 	<li>Freddie Mac HFA Advantage</li>\r\n</ul>\r\nRate/term refinance on any of the above loan products.\r\n\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount.\r\n<ul>\r\n 	<li>Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).</li>\r\n 	<li>The funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses. No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.</li>\r\n</ul>\r\n<strong>Do I have to pay back any portion of the down payment assistance?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>Am I required to stay in the home for any minimum number of years?</strong>\r\nNo, you are not required to stay in the home for any period of time.  However, we do not allow the program to be used for borrowers wanting to “flip” homes.\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily.  Please note that as a result of the gift, the interest rate on the first mortgage loan will be higher than a first mortgage loan that does not include the gift.\r\n\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 with a maximum DTI of 45%.\r\n\r\n<strong>What is DTI?</strong>\r\nDTI stands for debt-to-income ratio, also referred to as back-end ratio.  It shows how much of your gross monthly income is needed to cover all your debt obligations.  Follow these steps to determine your approximate DTI:\r\n<ol>\r\n 	<li>Add up all of your debt (including your mortgage, car loans, child support and alimony, credit cards, student loans, etc.)</li>\r\n 	<li>Divide this amount by your monthly gross income.</li>\r\n 	<li>Then multiply this amount by 100. This percentage is your DTI.</li>\r\n</ol>\r\nPlease keep in mind that you must meet specific underwriting standards.  The mortgage lender can help you better understand FICO credit score and maximum back-end ratio requirements, as well as any other standards that may apply.\r\n\r\n<strong>Do I have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click these links to view <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">Government Income Limits</a> (FHA, VA, HUD 184 and Rural Development loans) and <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Conventional Income Limits</a> (Fannie Mae HFA Preferred and Freddie Mac HFA Advantage.  The conventional product has substantially higher income limits.\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\n<strong>FHA, HUD 184, VA, &amp; Rural Development Loans:</strong>  Home buyer education is recommended, but not required.\r\n\r\n<strong>Fannie Mae HFA Preferred and Freddie Mac HFA Advantage:</strong>  Required if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n<ul>\r\n 	<li>REI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.</li>\r\n</ul>\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Can the Seller help me pay closing costs?</strong>\r\n<strong>Government Programs (FHA, VA, HUD184 &amp; Rural Development):</strong>\r\n<ul>\r\n 	<li>Yes, 6% seller concessions are allowed.</li>\r\n</ul>\r\n<strong>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage:</strong>\r\n<ul>\r\n 	<li>Yes, 3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>What is the difference between closing costs and required down payment?</strong>\r\nClosing costs are fees associated with the cost of obtaining a home loan. These fees include items such as the appraisal, lender origination fees, escrow handling charges, wire transfer fees, discount points, lender’s title insurance and prepaid taxes and insurance premiums.\r\n\r\nThe down payment for a home is applied directly toward lowering your total loan amount.  Normally based on a percentage of the total sales price, the amount is established by the agency loan program that the lender has chosen for your loan.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can I receive a gift for investment property or a second home?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.\r\n\r\n<strong>How do I apply for the Gift?</strong>\r\nTake a look at the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a> and contact one of our <a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Participating Lenders</a>.\r\n\r\n<strong>How do I find a lender?</strong>\r\n<a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Click here to access lender list</a>.  You may use the REI Gift100 approved lender of your choice. 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>.', 'Home Buyer FAQ', '', 'inherit', 'closed', 'closed', '', '1518-revision-v1', '', '', '2016-11-29 18:41:00', '2016-11-29 18:41:00', '', 1518, 'http://reidownpayment.org/1518-revision-v1/', 0, 'revision', '', 0),
(1520, 2, '2016-11-29 19:17:04', '2016-11-29 19:17:04', '<strong>What type of loan programs are offered with the gift?</strong>\n<ul>\n 	<li>FHA</li>\n 	<li>VA</li>\n 	<li>Rural Development</li>\n 	<li>HUD Section 184</li>\n 	<li>Fannie Mae HFA Preferred</li>\n 	<li>Freddie Mac HFA Advantage\nRate/term refinance on any of the above loan products.</li>\n</ul>\n<strong>How does DPA work?</strong>\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount. Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).\n\nThe funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses.  No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.\n\n<strong>Do I have to pay back any portion of the down payment assistance?</strong>\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\n\n<strong>Am I required to stay in the home for any minimum number of years?</strong>\nNo, you are not required to stay in the home for any period of time.  However, we do not allow the program to be used for borrowers wanting to “flip” homes.\n\n<strong>What are the first mortgage interest rates?</strong>\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily.  Please note that as a result of the gift, the interest rate on the first mortgage loan will be higher than a first mortgage loan that does not include the gift.\n\n<strong>What is the minimum credit score?</strong>\nAll borrowers MUST have a minimum representative Credit Score of 640 with a maximum DTI of 45%.\n\n<strong>What is DTI?</strong>\nDTI stands for debt-to-income ratio, also referred to as back-end ratio.  It shows how much of your gross monthly income is needed to cover all your debt obligations.  Follow these steps to determine your approximate DTI:\n<ol>\n 	<li>Add up all of your debt (including your mortgage, car loans, child support and alimony, credit cards, student loans, etc.)</li>\n 	<li>Divide this amount by your monthly gross income.</li>\n 	<li>Then multiply this amount by 100. This percentage is your DTI.</li>\n</ol>\nPlease keep in mind that you must meet specific underwriting standards.  The mortgage lender can help you better understand FICO credit score and maximum back-end ratio requirements, as well as any other standards that may apply.\n\n<strong>Do I have to be a first-time homebuyer?</strong>\nNo, there is no first-time home buyer requirement.\n\n<strong>Are there income restrictions?</strong>\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click these links to view <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">Government Income Limits</a> (FHA, VA, HUD 184 and Rural Development loans) and <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Conventional Income Limits</a> (Fannie Mae HFA Preferred and Freddie Mac HFA Advantage.  The conventional product has substantially higher income limits.\n\n<strong>Does the borrower have to take a home buyer education class?</strong>\n<strong>FHA, HUD 184, VA, &amp; Rural Development Loans:</strong>  Home buyer education is recommended, but not required.\n\n<strong>Fannie Mae HFA Preferred and Freddie Mac HFA Advantage:</strong>  Required if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\n\nREI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\n<strong>Can the Seller help me pay closing costs?</strong>\n<strong>Government Programs (FHA, VA, HUD184 &amp; Rural Development):</strong>\n<ul>\n 	<li>Yes, 6% seller concessions are allowed.</li>\n</ul>\n<strong>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage:</strong>\n<ul>\n 	<li>Yes, 3% Maximum for CLTV Greater than 90%</li>\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\n</ul>\nMay be used for closing costs and/or single or split MI premiums\n\n<strong>What is the difference between closing costs and required down payment?</strong>\nClosing costs are fees associated with the cost of obtaining a home loan. These fees include items such as the appraisal, lender origination fees, escrow handling charges, wire transfer fees, discount points, lender’s title insurance and prepaid taxes and insurance premiums.\n\nThe down payment for a home is applied directly toward lowering your total loan amount.  Normally based on a percentage of the total sales price, the amount is established by the agency loan program that the lender has chosen for your loan.\n\n<strong>How long does the process take?</strong>\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\n\n<strong>Can I receive a gift for investment property or a second home?</strong>\nNo, the borrower must utilize the gift on their primary residence.\n\n<strong>How do I apply for the Gift?</strong>\nTake a look at the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a> and contact one of our <a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Participating Lenders</a>.\n\n<strong>How do I find a lender?</strong>\n<a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Click here to access lender list</a>.  You may use the REI Gift100 approved lender of your choice. 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>.', 'Home Buyer FAQ', '', 'inherit', 'closed', 'closed', '', '1518-autosave-v1', '', '', '2016-11-29 19:17:04', '2016-11-29 19:17:04', '', 1518, 'http://reidownpayment.org/1518-autosave-v1/', 0, 'revision', '', 0),
(1521, 2, '2016-11-29 18:43:23', '2016-11-29 18:43:23', '<strong>What type of loan programs are offered with the gift?</strong>\r\n 	<li>FHA</li>\r\n 	<li>VA</li>\r\n 	<li>Rural Development</li>\r\n 	<li>HUD Section 184</li>\r\n 	<li>Fannie Mae HFA Preferred</li>\r\n 	<li>Freddie Mac HFA Advantage</li>\r\nRate/term refinance on any of the above loan products.\r\n\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount.\r\n 	<li>Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).</li>\r\n 	<li>The funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses. No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.</li>\r\n\r\n<strong>Do I have to pay back any portion of the down payment assistance?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>Am I required to stay in the home for any minimum number of years?</strong>\r\nNo, you are not required to stay in the home for any period of time.  However, we do not allow the program to be used for borrowers wanting to “flip” homes.\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily.  Please note that as a result of the gift, the interest rate on the first mortgage loan will be higher than a first mortgage loan that does not include the gift.\r\n\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 with a maximum DTI of 45%.\r\n\r\n<strong>What is DTI?</strong>\r\nDTI stands for debt-to-income ratio, also referred to as back-end ratio.  It shows how much of your gross monthly income is needed to cover all your debt obligations.  Follow these steps to determine your approximate DTI:\r\n<ol>\r\n 	<li>Add up all of your debt (including your mortgage, car loans, child support and alimony, credit cards, student loans, etc.)</li>\r\n 	<li>Divide this amount by your monthly gross income.</li>\r\n 	<li>Then multiply this amount by 100. This percentage is your DTI.</li>\r\n</ol>\r\nPlease keep in mind that you must meet specific underwriting standards.  The mortgage lender can help you better understand FICO credit score and maximum back-end ratio requirements, as well as any other standards that may apply.\r\n\r\n<strong>Do I have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click these links to view <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">Government Income Limits</a> (FHA, VA, HUD 184 and Rural Development loans) and <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Conventional Income Limits</a> (Fannie Mae HFA Preferred and Freddie Mac HFA Advantage.  The conventional product has substantially higher income limits.\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\n<strong>FHA, HUD 184, VA, &amp; Rural Development Loans:</strong>  Home buyer education is recommended, but not required.\r\n\r\n<strong>Fannie Mae HFA Preferred and Freddie Mac HFA Advantage:</strong>  Required if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n<ul>\r\n 	<li>REI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.</li>\r\n</ul>\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Can the Seller help me pay closing costs?</strong>\r\n<strong>Government Programs (FHA, VA, HUD184 &amp; Rural Development):</strong>\r\n<ul>\r\n 	<li>Yes, 6% seller concessions are allowed.</li>\r\n</ul>\r\n<strong>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage:</strong>\r\n<ul>\r\n 	<li>Yes, 3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>What is the difference between closing costs and required down payment?</strong>\r\nClosing costs are fees associated with the cost of obtaining a home loan. These fees include items such as the appraisal, lender origination fees, escrow handling charges, wire transfer fees, discount points, lender’s title insurance and prepaid taxes and insurance premiums.\r\n\r\nThe down payment for a home is applied directly toward lowering your total loan amount.  Normally based on a percentage of the total sales price, the amount is established by the agency loan program that the lender has chosen for your loan.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can I receive a gift for investment property or a second home?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.\r\n\r\n<strong>How do I apply for the Gift?</strong>\r\nTake a look at the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a> and contact one of our <a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Participating Lenders</a>.\r\n\r\n<strong>How do I find a lender?</strong>\r\n<a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Click here to access lender list</a>.  You may use the REI Gift100 approved lender of your choice. 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>.', 'Home Buyer FAQ', '', 'inherit', 'closed', 'closed', '', '1518-revision-v1', '', '', '2016-11-29 18:43:23', '2016-11-29 18:43:23', '', 1518, 'http://reidownpayment.org/1518-revision-v1/', 0, 'revision', '', 0),
(1522, 2, '2016-11-29 18:44:07', '2016-11-29 18:44:07', '<strong>What type of loan programs are offered with the gift?</strong>\r\n<ul>\r\n 	<li>FHA</li>\r\n 	<li>VA</li>\r\n 	<li>Rural Development</li>\r\n 	<li>HUD Section 184</li>\r\n 	<li>Fannie Mae HFA Preferred</li>\r\n 	<li>Freddie Mac HFA Advantage</li>\r\n</ul>\r\nRate/term refinance on any of the above loan products.\r\n\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount.\r\n<ul>\r\n 	<li>Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).</li>\r\n 	<li>The funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses. No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.</li>\r\n</ul>\r\n\r\n<strong>Do I have to pay back any portion of the down payment assistance?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>Am I required to stay in the home for any minimum number of years?</strong>\r\nNo, you are not required to stay in the home for any period of time.  However, we do not allow the program to be used for borrowers wanting to “flip” homes.\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily.  Please note that as a result of the gift, the interest rate on the first mortgage loan will be higher than a first mortgage loan that does not include the gift.\r\n\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 with a maximum DTI of 45%.\r\n\r\n<strong>What is DTI?</strong>\r\nDTI stands for debt-to-income ratio, also referred to as back-end ratio.  It shows how much of your gross monthly income is needed to cover all your debt obligations.  Follow these steps to determine your approximate DTI:\r\n<ol>\r\n 	<li>Add up all of your debt (including your mortgage, car loans, child support and alimony, credit cards, student loans, etc.)</li>\r\n 	<li>Divide this amount by your monthly gross income.</li>\r\n 	<li>Then multiply this amount by 100. This percentage is your DTI.</li>\r\n</ol>\r\nPlease keep in mind that you must meet specific underwriting standards.  The mortgage lender can help you better understand FICO credit score and maximum back-end ratio requirements, as well as any other standards that may apply.\r\n\r\n<strong>Do I have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click these links to view <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">Government Income Limits</a> (FHA, VA, HUD 184 and Rural Development loans) and <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Conventional Income Limits</a> (Fannie Mae HFA Preferred and Freddie Mac HFA Advantage.  The conventional product has substantially higher income limits.\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\n<strong>FHA, HUD 184, VA, &amp; Rural Development Loans:</strong>  Home buyer education is recommended, but not required.\r\n\r\n<strong>Fannie Mae HFA Preferred and Freddie Mac HFA Advantage:</strong>  Required if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n<ul>\r\n 	<li>REI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.</li>\r\n</ul>\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Can the Seller help me pay closing costs?</strong>\r\n<strong>Government Programs (FHA, VA, HUD184 &amp; Rural Development):</strong>\r\n<ul>\r\n 	<li>Yes, 6% seller concessions are allowed.</li>\r\n</ul>\r\n<strong>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage:</strong>\r\n<ul>\r\n 	<li>Yes, 3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>What is the difference between closing costs and required down payment?</strong>\r\nClosing costs are fees associated with the cost of obtaining a home loan. These fees include items such as the appraisal, lender origination fees, escrow handling charges, wire transfer fees, discount points, lender’s title insurance and prepaid taxes and insurance premiums.\r\n\r\nThe down payment for a home is applied directly toward lowering your total loan amount.  Normally based on a percentage of the total sales price, the amount is established by the agency loan program that the lender has chosen for your loan.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can I receive a gift for investment property or a second home?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.\r\n\r\n<strong>How do I apply for the Gift?</strong>\r\nTake a look at the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a> and contact one of our <a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Participating Lenders</a>.\r\n\r\n<strong>How do I find a lender?</strong>\r\n<a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Click here to access lender list</a>.  You may use the REI Gift100 approved lender of your choice. 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>.', 'Home Buyer FAQ', '', 'inherit', 'closed', 'closed', '', '1518-revision-v1', '', '', '2016-11-29 18:44:07', '2016-11-29 18:44:07', '', 1518, 'http://reidownpayment.org/1518-revision-v1/', 0, 'revision', '', 0),
(1523, 2, '2016-11-29 18:44:45', '2016-11-29 18:44:45', '<strong>What type of loan programs are offered with the gift?</strong>\r\n 	<li>FHA</li>\r\n 	<li>VA</li>\r\n 	<li>Rural Development</li>\r\n 	<li>HUD Section 184</li>\r\n 	<li>Fannie Mae HFA Preferred</li>\r\n 	<li>Freddie Mac HFA Advantage</li>\r\n\r\nRate/term refinance on any of the above loan products.\r\n\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount.\r\n 	<li>Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).</li>\r\n 	<li>The funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses. No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.</li>\r\n\r\n<strong>Do I have to pay back any portion of the down payment assistance?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>Am I required to stay in the home for any minimum number of years?</strong>\r\nNo, you are not required to stay in the home for any period of time.  However, we do not allow the program to be used for borrowers wanting to “flip” homes.\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily.  Please note that as a result of the gift, the interest rate on the first mortgage loan will be higher than a first mortgage loan that does not include the gift.\r\n\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 with a maximum DTI of 45%.\r\n\r\n<strong>What is DTI?</strong>\r\nDTI stands for debt-to-income ratio, also referred to as back-end ratio.  It shows how much of your gross monthly income is needed to cover all your debt obligations.  Follow these steps to determine your approximate DTI:\r\n<ol>\r\n 	<li>Add up all of your debt (including your mortgage, car loans, child support and alimony, credit cards, student loans, etc.)</li>\r\n 	<li>Divide this amount by your monthly gross income.</li>\r\n 	<li>Then multiply this amount by 100. This percentage is your DTI.</li>\r\n</ol>\r\nPlease keep in mind that you must meet specific underwriting standards.  The mortgage lender can help you better understand FICO credit score and maximum back-end ratio requirements, as well as any other standards that may apply.\r\n\r\n<strong>Do I have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click these links to view <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">Government Income Limits</a> (FHA, VA, HUD 184 and Rural Development loans) and <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Conventional Income Limits</a> (Fannie Mae HFA Preferred and Freddie Mac HFA Advantage.  The conventional product has substantially higher income limits.\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\n<strong>FHA, HUD 184, VA, &amp; Rural Development Loans:</strong>  Home buyer education is recommended, but not required.\r\n\r\n<strong>Fannie Mae HFA Preferred and Freddie Mac HFA Advantage:</strong>  Required if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n<ul>\r\n 	<li>REI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.</li>\r\n</ul>\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Can the Seller help me pay closing costs?</strong>\r\n<strong>Government Programs (FHA, VA, HUD184 &amp; Rural Development):</strong>\r\n<ul>\r\n 	<li>Yes, 6% seller concessions are allowed.</li>\r\n</ul>\r\n<strong>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage:</strong>\r\n<ul>\r\n 	<li>Yes, 3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>What is the difference between closing costs and required down payment?</strong>\r\nClosing costs are fees associated with the cost of obtaining a home loan. These fees include items such as the appraisal, lender origination fees, escrow handling charges, wire transfer fees, discount points, lender’s title insurance and prepaid taxes and insurance premiums.\r\n\r\nThe down payment for a home is applied directly toward lowering your total loan amount.  Normally based on a percentage of the total sales price, the amount is established by the agency loan program that the lender has chosen for your loan.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can I receive a gift for investment property or a second home?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.\r\n\r\n<strong>How do I apply for the Gift?</strong>\r\nTake a look at the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a> and contact one of our <a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Participating Lenders</a>.\r\n\r\n<strong>How do I find a lender?</strong>\r\n<a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Click here to access lender list</a>.  You may use the REI Gift100 approved lender of your choice. 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>.', 'Home Buyer FAQ', '', 'inherit', 'closed', 'closed', '', '1518-revision-v1', '', '', '2016-11-29 18:44:45', '2016-11-29 18:44:45', '', 1518, 'http://reidownpayment.org/1518-revision-v1/', 0, 'revision', '', 0),
(1524, 2, '2016-11-29 18:46:23', '2016-11-29 18:46:23', '<strong>What type of loan programs are offered with the gift?</strong>\r\n<li>FHA</li>\r\n <li>VA</li>\r\n <li>Rural Development</li>\r\n <li>HUD Section 184</li>\r\n <li>Fannie Mae HFA Preferred</li>\r\n <li>Freddie Mac HFA Advantage</li>\r\nRate/term refinance on any of the above loan products.\r\n\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount.\r\n 	<li>Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).</li>\r\n 	<li>The funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses. No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.</li>\r\n\r\n<strong>Do I have to pay back any portion of the down payment assistance?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>Am I required to stay in the home for any minimum number of years?</strong>\r\nNo, you are not required to stay in the home for any period of time.  However, we do not allow the program to be used for borrowers wanting to “flip” homes.\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily.  Please note that as a result of the gift, the interest rate on the first mortgage loan will be higher than a first mortgage loan that does not include the gift.\r\n\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 with a maximum DTI of 45%.\r\n\r\n<strong>What is DTI?</strong>\r\nDTI stands for debt-to-income ratio, also referred to as back-end ratio.  It shows how much of your gross monthly income is needed to cover all your debt obligations.  Follow these steps to determine your approximate DTI:\r\n<ol>\r\n 	<li>Add up all of your debt (including your mortgage, car loans, child support and alimony, credit cards, student loans, etc.)</li>\r\n 	<li>Divide this amount by your monthly gross income.</li>\r\n 	<li>Then multiply this amount by 100. This percentage is your DTI.</li>\r\n</ol>\r\nPlease keep in mind that you must meet specific underwriting standards.  The mortgage lender can help you better understand FICO credit score and maximum back-end ratio requirements, as well as any other standards that may apply.\r\n\r\n<strong>Do I have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click these links to view <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">Government Income Limits</a> (FHA, VA, HUD 184 and Rural Development loans) and <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Conventional Income Limits</a> (Fannie Mae HFA Preferred and Freddie Mac HFA Advantage.  The conventional product has substantially higher income limits.\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\n<strong>FHA, HUD 184, VA, &amp; Rural Development Loans:</strong>  Home buyer education is recommended, but not required.\r\n\r\n<strong>Fannie Mae HFA Preferred and Freddie Mac HFA Advantage:</strong>  Required if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n<ul>\r\n 	<li>REI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.</li>\r\n</ul>\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Can the Seller help me pay closing costs?</strong>\r\n<strong>Government Programs (FHA, VA, HUD184 &amp; Rural Development):</strong>\r\n<ul>\r\n 	<li>Yes, 6% seller concessions are allowed.</li>\r\n</ul>\r\n<strong>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage:</strong>\r\n<ul>\r\n 	<li>Yes, 3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>What is the difference between closing costs and required down payment?</strong>\r\nClosing costs are fees associated with the cost of obtaining a home loan. These fees include items such as the appraisal, lender origination fees, escrow handling charges, wire transfer fees, discount points, lender’s title insurance and prepaid taxes and insurance premiums.\r\n\r\nThe down payment for a home is applied directly toward lowering your total loan amount.  Normally based on a percentage of the total sales price, the amount is established by the agency loan program that the lender has chosen for your loan.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can I receive a gift for investment property or a second home?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.\r\n\r\n<strong>How do I apply for the Gift?</strong>\r\nTake a look at the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a> and contact one of our <a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Participating Lenders</a>.\r\n\r\n<strong>How do I find a lender?</strong>\r\n<a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Click here to access lender list</a>.  You may use the REI Gift100 approved lender of your choice. 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>.', 'Home Buyer FAQ', '', 'inherit', 'closed', 'closed', '', '1518-revision-v1', '', '', '2016-11-29 18:46:23', '2016-11-29 18:46:23', '', 1518, 'http://reidownpayment.org/1518-revision-v1/', 0, 'revision', '', 0);
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(1525, 2, '2016-11-29 18:48:01', '2016-11-29 18:48:01', '<strong>What type of loan programs are offered with the gift?</strong>\r\n<ul>\r\n 	<li>FHA</li>\r\n 	<li>VA</li>\r\n 	<li>Rural Development</li>\r\n 	<li>HUD Section 184</li>\r\n 	<li>Fannie Mae HFA Preferred</li>\r\n 	<li>Freddie Mac HFA Advantage\r\nRate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount.\r\n<ul>\r\n 	<li>Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).</li>\r\n 	<li>The funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses. No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.</li>\r\n</ul>\r\n\r\n<strong>Do I have to pay back any portion of the down payment assistance?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>Am I required to stay in the home for any minimum number of years?</strong>\r\nNo, you are not required to stay in the home for any period of time.  However, we do not allow the program to be used for borrowers wanting to “flip” homes.\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily.  Please note that as a result of the gift, the interest rate on the first mortgage loan will be higher than a first mortgage loan that does not include the gift.\r\n\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 with a maximum DTI of 45%.\r\n\r\n<strong>What is DTI?</strong>\r\nDTI stands for debt-to-income ratio, also referred to as back-end ratio.  It shows how much of your gross monthly income is needed to cover all your debt obligations.  Follow these steps to determine your approximate DTI:\r\n<ol>\r\n 	<li>Add up all of your debt (including your mortgage, car loans, child support and alimony, credit cards, student loans, etc.)</li>\r\n 	<li>Divide this amount by your monthly gross income.</li>\r\n 	<li>Then multiply this amount by 100. This percentage is your DTI.</li>\r\n</ol>\r\nPlease keep in mind that you must meet specific underwriting standards.  The mortgage lender can help you better understand FICO credit score and maximum back-end ratio requirements, as well as any other standards that may apply.\r\n\r\n<strong>Do I have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click these links to view <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">Government Income Limits</a> (FHA, VA, HUD 184 and Rural Development loans) and <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Conventional Income Limits</a> (Fannie Mae HFA Preferred and Freddie Mac HFA Advantage.  The conventional product has substantially higher income limits.\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\n<strong>FHA, HUD 184, VA, &amp; Rural Development Loans:</strong>  Home buyer education is recommended, but not required.\r\n\r\n<strong>Fannie Mae HFA Preferred and Freddie Mac HFA Advantage:</strong>  Required if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n<ul>\r\n 	<li>REI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.</li>\r\n</ul>\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Can the Seller help me pay closing costs?</strong>\r\n<strong>Government Programs (FHA, VA, HUD184 &amp; Rural Development):</strong>\r\n<ul>\r\n 	<li>Yes, 6% seller concessions are allowed.</li>\r\n</ul>\r\n<strong>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage:</strong>\r\n<ul>\r\n 	<li>Yes, 3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>What is the difference between closing costs and required down payment?</strong>\r\nClosing costs are fees associated with the cost of obtaining a home loan. These fees include items such as the appraisal, lender origination fees, escrow handling charges, wire transfer fees, discount points, lender’s title insurance and prepaid taxes and insurance premiums.\r\n\r\nThe down payment for a home is applied directly toward lowering your total loan amount.  Normally based on a percentage of the total sales price, the amount is established by the agency loan program that the lender has chosen for your loan.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can I receive a gift for investment property or a second home?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.\r\n\r\n<strong>How do I apply for the Gift?</strong>\r\nTake a look at the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a> and contact one of our <a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Participating Lenders</a>.\r\n\r\n<strong>How do I find a lender?</strong>\r\n<a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Click here to access lender list</a>.  You may use the REI Gift100 approved lender of your choice. 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>.', 'Home Buyer FAQ', '', 'inherit', 'closed', 'closed', '', '1518-revision-v1', '', '', '2016-11-29 18:48:01', '2016-11-29 18:48:01', '', 1518, 'http://reidownpayment.org/1518-revision-v1/', 0, 'revision', '', 0),
(1526, 2, '2016-11-29 19:11:35', '2016-11-29 19:11:35', '<strong>What type of loan programs are offered with the gift?</strong>\r\nFHA\r\nVA\r\nRural Development\r\nHUD Section 184\r\nFannie Mae HFA Preferred\r\nFreddie Mac HFA Advantage\r\nRate/term refinance on any of the above loan products.\r\n\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount. Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).\r\n\r\nThe funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses.  No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.\r\n\r\n<strong>Do I have to pay back any portion of the down payment assistance?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>Am I required to stay in the home for any minimum number of years?</strong>\r\nNo, you are not required to stay in the home for any period of time.  However, we do not allow the program to be used for borrowers wanting to “flip” homes.\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily.  Please note that as a result of the gift, the interest rate on the first mortgage loan will be higher than a first mortgage loan that does not include the gift.\r\n\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 with a maximum DTI of 45%.\r\n\r\n<strong>What is DTI?</strong>\r\nDTI stands for debt-to-income ratio, also referred to as back-end ratio.  It shows how much of your gross monthly income is needed to cover all your debt obligations.  Follow these steps to determine your approximate DTI:\r\n<ol>\r\n 	<li>Add up all of your debt (including your mortgage, car loans, child support and alimony, credit cards, student loans, etc.)</li>\r\n 	<li>Divide this amount by your monthly gross income.</li>\r\n 	<li>Then multiply this amount by 100. This percentage is your DTI.</li>\r\n</ol>\r\nPlease keep in mind that you must meet specific underwriting standards.  The mortgage lender can help you better understand FICO credit score and maximum back-end ratio requirements, as well as any other standards that may apply.\r\n\r\n<strong>Do I have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click these links to view <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">Government Income Limits</a> (FHA, VA, HUD 184 and Rural Development loans) and <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Conventional Income Limits</a> (Fannie Mae HFA Preferred and Freddie Mac HFA Advantage.  The conventional product has substantially higher income limits.\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\n<strong>FHA, HUD 184, VA, &amp; Rural Development Loans:</strong>  Home buyer education is recommended, but not required.\r\n\r\n<strong>Fannie Mae HFA Preferred and Freddie Mac HFA Advantage:</strong>  Required if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n<ul>\r\n 	<li>REI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.</li>\r\n</ul>\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Can the Seller help me pay closing costs?</strong>\r\n<strong>Government Programs (FHA, VA, HUD184 &amp; Rural Development):</strong>\r\n<ul>\r\n 	<li>Yes, 6% seller concessions are allowed.</li>\r\n</ul>\r\n<strong>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage:</strong>\r\n<ul>\r\n 	<li>Yes, 3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>What is the difference between closing costs and required down payment?</strong>\r\nClosing costs are fees associated with the cost of obtaining a home loan. These fees include items such as the appraisal, lender origination fees, escrow handling charges, wire transfer fees, discount points, lender’s title insurance and prepaid taxes and insurance premiums.\r\n\r\nThe down payment for a home is applied directly toward lowering your total loan amount.  Normally based on a percentage of the total sales price, the amount is established by the agency loan program that the lender has chosen for your loan.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can I receive a gift for investment property or a second home?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.\r\n\r\n<strong>How do I apply for the Gift?</strong>\r\nTake a look at the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a> and contact one of our <a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Participating Lenders</a>.\r\n\r\n<strong>How do I find a lender?</strong>\r\n<a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Click here to access lender list</a>.  You may use the REI Gift100 approved lender of your choice. 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>.', 'Home Buyer FAQ', '', 'inherit', 'closed', 'closed', '', '1518-revision-v1', '', '', '2016-11-29 19:11:35', '2016-11-29 19:11:35', '', 1518, 'http://reidownpayment.org/1518-revision-v1/', 0, 'revision', '', 0),
(1527, 2, '2016-11-29 19:12:11', '2016-11-29 19:12:11', '<strong>What type of loan programs are offered with the gift?</strong>\r\n<ul>\r\n 	<li>FHA</li>\r\n 	<li>VA</li>\r\n 	<li>Rural Development</li>\r\n 	<li>HUD Section 184</li>\r\n 	<li>Fannie Mae HFA Preferred</li>\r\n 	<li>Freddie Mac HFA Advantage\r\nRate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount. Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).\r\n\r\nThe funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses.  No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.\r\n\r\n<strong>Do I have to pay back any portion of the down payment assistance?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>Am I required to stay in the home for any minimum number of years?</strong>\r\nNo, you are not required to stay in the home for any period of time.  However, we do not allow the program to be used for borrowers wanting to “flip” homes.\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily.  Please note that as a result of the gift, the interest rate on the first mortgage loan will be higher than a first mortgage loan that does not include the gift.\r\n\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 with a maximum DTI of 45%.\r\n\r\n<strong>What is DTI?</strong>\r\nDTI stands for debt-to-income ratio, also referred to as back-end ratio.  It shows how much of your gross monthly income is needed to cover all your debt obligations.  Follow these steps to determine your approximate DTI:\r\n<ol>\r\n 	<li>Add up all of your debt (including your mortgage, car loans, child support and alimony, credit cards, student loans, etc.)</li>\r\n 	<li>Divide this amount by your monthly gross income.</li>\r\n 	<li>Then multiply this amount by 100. This percentage is your DTI.</li>\r\n</ol>\r\nPlease keep in mind that you must meet specific underwriting standards.  The mortgage lender can help you better understand FICO credit score and maximum back-end ratio requirements, as well as any other standards that may apply.\r\n\r\n<strong>Do I have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click these links to view <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">Government Income Limits</a> (FHA, VA, HUD 184 and Rural Development loans) and <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Conventional Income Limits</a> (Fannie Mae HFA Preferred and Freddie Mac HFA Advantage.  The conventional product has substantially higher income limits.\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\n<strong>FHA, HUD 184, VA, &amp; Rural Development Loans:</strong>  Home buyer education is recommended, but not required.\r\n\r\n<strong>Fannie Mae HFA Preferred and Freddie Mac HFA Advantage:</strong>  Required if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n<ul>\r\n 	<li>REI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.</li>\r\n</ul>\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Can the Seller help me pay closing costs?</strong>\r\n<strong>Government Programs (FHA, VA, HUD184 &amp; Rural Development):</strong>\r\n<ul>\r\n 	<li>Yes, 6% seller concessions are allowed.</li>\r\n</ul>\r\n<strong>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage:</strong>\r\n<ul>\r\n 	<li>Yes, 3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>What is the difference between closing costs and required down payment?</strong>\r\nClosing costs are fees associated with the cost of obtaining a home loan. These fees include items such as the appraisal, lender origination fees, escrow handling charges, wire transfer fees, discount points, lender’s title insurance and prepaid taxes and insurance premiums.\r\n\r\nThe down payment for a home is applied directly toward lowering your total loan amount.  Normally based on a percentage of the total sales price, the amount is established by the agency loan program that the lender has chosen for your loan.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can I receive a gift for investment property or a second home?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.\r\n\r\n<strong>How do I apply for the Gift?</strong>\r\nTake a look at the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a> and contact one of our <a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Participating Lenders</a>.\r\n\r\n<strong>How do I find a lender?</strong>\r\n<a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Click here to access lender list</a>.  You may use the REI Gift100 approved lender of your choice. 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>.', 'Home Buyer FAQ', '', 'inherit', 'closed', 'closed', '', '1518-revision-v1', '', '', '2016-11-29 19:12:11', '2016-11-29 19:12:11', '', 1518, 'http://reidownpayment.org/1518-revision-v1/', 0, 'revision', '', 0),
(1528, 2, '2016-11-29 19:12:34', '2016-11-29 19:12:34', '<strong>What type of loan programs are offered with the gift?</strong>\r\n 	<li>FHA</li>\r\n 	<li>VA</li>\r\n 	<li>Rural Development</li>\r\n 	<li>HUD Section 184</li>\r\n 	<li>Fannie Mae HFA Preferred</li>\r\n 	<li>Freddie Mac HFA Advantage\r\nRate/term refinance on any of the above loan products.</li>\r\n\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount. Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).\r\n\r\nThe funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses.  No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.\r\n\r\n<strong>Do I have to pay back any portion of the down payment assistance?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>Am I required to stay in the home for any minimum number of years?</strong>\r\nNo, you are not required to stay in the home for any period of time.  However, we do not allow the program to be used for borrowers wanting to “flip” homes.\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily.  Please note that as a result of the gift, the interest rate on the first mortgage loan will be higher than a first mortgage loan that does not include the gift.\r\n\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 with a maximum DTI of 45%.\r\n\r\n<strong>What is DTI?</strong>\r\nDTI stands for debt-to-income ratio, also referred to as back-end ratio.  It shows how much of your gross monthly income is needed to cover all your debt obligations.  Follow these steps to determine your approximate DTI:\r\n<ol>\r\n 	<li>Add up all of your debt (including your mortgage, car loans, child support and alimony, credit cards, student loans, etc.)</li>\r\n 	<li>Divide this amount by your monthly gross income.</li>\r\n 	<li>Then multiply this amount by 100. This percentage is your DTI.</li>\r\n</ol>\r\nPlease keep in mind that you must meet specific underwriting standards.  The mortgage lender can help you better understand FICO credit score and maximum back-end ratio requirements, as well as any other standards that may apply.\r\n\r\n<strong>Do I have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click these links to view <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">Government Income Limits</a> (FHA, VA, HUD 184 and Rural Development loans) and <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Conventional Income Limits</a> (Fannie Mae HFA Preferred and Freddie Mac HFA Advantage.  The conventional product has substantially higher income limits.\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\n<strong>FHA, HUD 184, VA, &amp; Rural Development Loans:</strong>  Home buyer education is recommended, but not required.\r\n\r\n<strong>Fannie Mae HFA Preferred and Freddie Mac HFA Advantage:</strong>  Required if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n<ul>\r\n 	<li>REI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.</li>\r\n</ul>\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Can the Seller help me pay closing costs?</strong>\r\n<strong>Government Programs (FHA, VA, HUD184 &amp; Rural Development):</strong>\r\n<ul>\r\n 	<li>Yes, 6% seller concessions are allowed.</li>\r\n</ul>\r\n<strong>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage:</strong>\r\n<ul>\r\n 	<li>Yes, 3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>What is the difference between closing costs and required down payment?</strong>\r\nClosing costs are fees associated with the cost of obtaining a home loan. These fees include items such as the appraisal, lender origination fees, escrow handling charges, wire transfer fees, discount points, lender’s title insurance and prepaid taxes and insurance premiums.\r\n\r\nThe down payment for a home is applied directly toward lowering your total loan amount.  Normally based on a percentage of the total sales price, the amount is established by the agency loan program that the lender has chosen for your loan.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can I receive a gift for investment property or a second home?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.\r\n\r\n<strong>How do I apply for the Gift?</strong>\r\nTake a look at the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a> and contact one of our <a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Participating Lenders</a>.\r\n\r\n<strong>How do I find a lender?</strong>\r\n<a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Click here to access lender list</a>.  You may use the REI Gift100 approved lender of your choice. 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>.', 'Home Buyer FAQ', '', 'inherit', 'closed', 'closed', '', '1518-revision-v1', '', '', '2016-11-29 19:12:34', '2016-11-29 19:12:34', '', 1518, 'http://reidownpayment.org/1518-revision-v1/', 0, 'revision', '', 0),
(1529, 2, '2016-11-29 19:13:14', '2016-11-29 19:13:14', '<strong>What type of loan programs are offered with the gift?</strong>\r\n<ul>\r\n 	<li>FHA</li>\r\n 	<li>VA</li>\r\n 	<li>Rural Development</li>\r\n 	<li>HUD Section 184</li>\r\n 	<li>Fannie Mae HFA Preferred</li>\r\n 	<li>Freddie Mac HFA Advantage\r\nRate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount. Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).\r\n\r\nThe funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses.  No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.\r\n\r\n<strong>Do I have to pay back any portion of the down payment assistance?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>Am I required to stay in the home for any minimum number of years?</strong>\r\nNo, you are not required to stay in the home for any period of time.  However, we do not allow the program to be used for borrowers wanting to “flip” homes.\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily.  Please note that as a result of the gift, the interest rate on the first mortgage loan will be higher than a first mortgage loan that does not include the gift.\r\n\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 with a maximum DTI of 45%.\r\n\r\n<strong>What is DTI?</strong>\r\nDTI stands for debt-to-income ratio, also referred to as back-end ratio.  It shows how much of your gross monthly income is needed to cover all your debt obligations.  Follow these steps to determine your approximate DTI:\r\n<ol>\r\n 	<li>Add up all of your debt (including your mortgage, car loans, child support and alimony, credit cards, student loans, etc.)</li>\r\n 	<li>Divide this amount by your monthly gross income.</li>\r\n 	<li>Then multiply this amount by 100. This percentage is your DTI.</li>\r\n</ol>\r\nPlease keep in mind that you must meet specific underwriting standards.  The mortgage lender can help you better understand FICO credit score and maximum back-end ratio requirements, as well as any other standards that may apply.\r\n\r\n<strong>Do I have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click these links to view <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">Government Income Limits</a> (FHA, VA, HUD 184 and Rural Development loans) and <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Conventional Income Limits</a> (Fannie Mae HFA Preferred and Freddie Mac HFA Advantage.  The conventional product has substantially higher income limits.\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\n<strong>FHA, HUD 184, VA, &amp; Rural Development Loans:</strong>  Home buyer education is recommended, but not required.\r\n\r\n<strong>Fannie Mae HFA Preferred and Freddie Mac HFA Advantage:</strong>  Required if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n<ul>\r\n 	<li>REI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.</li>\r\n</ul>\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Can the Seller help me pay closing costs?</strong>\r\n<strong>Government Programs (FHA, VA, HUD184 &amp; Rural Development):</strong>\r\n<ul>\r\n 	<li>Yes, 6% seller concessions are allowed.</li>\r\n</ul>\r\n<strong>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage:</strong>\r\n<ul>\r\n 	<li>Yes, 3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>What is the difference between closing costs and required down payment?</strong>\r\nClosing costs are fees associated with the cost of obtaining a home loan. These fees include items such as the appraisal, lender origination fees, escrow handling charges, wire transfer fees, discount points, lender’s title insurance and prepaid taxes and insurance premiums.\r\n\r\nThe down payment for a home is applied directly toward lowering your total loan amount.  Normally based on a percentage of the total sales price, the amount is established by the agency loan program that the lender has chosen for your loan.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can I receive a gift for investment property or a second home?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.\r\n\r\n<strong>How do I apply for the Gift?</strong>\r\nTake a look at the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a> and contact one of our <a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Participating Lenders</a>.\r\n\r\n<strong>How do I find a lender?</strong>\r\n<a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Click here to access lender list</a>.  You may use the REI Gift100 approved lender of your choice. 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>.', 'Home Buyer FAQ', '', 'inherit', 'closed', 'closed', '', '1518-revision-v1', '', '', '2016-11-29 19:13:14', '2016-11-29 19:13:14', '', 1518, 'http://reidownpayment.org/1518-revision-v1/', 0, 'revision', '', 0),
(1530, 2, '2016-11-29 19:14:39', '2016-11-29 19:14:39', '<strong>What type of loan programs are offered with the gift?</strong>\r\n<ul>\r\n 	<li>FHA</li>\r\n 	<li>VA</li>\r\n 	<li>Rural Development</li>\r\n 	<li>HUD Section 184</li>\r\n 	<li>Fannie Mae HFA Preferred</li>\r\n 	<li>Freddie Mac HFA Advantage\r\nRate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount. Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).\r\n\r\nThe funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses.  No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.\r\n\r\n<strong>Do I have to pay back any portion of the down payment assistance?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>Am I required to stay in the home for any minimum number of years?</strong>\r\nNo, you are not required to stay in the home for any period of time.  However, we do not allow the program to be used for borrowers wanting to “flip” homes.\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily.  Please note that as a result of the gift, the interest rate on the first mortgage loan will be higher than a first mortgage loan that does not include the gift.\r\n\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 with a maximum DTI of 45%.\r\n\r\n<strong>What is DTI?</strong>\r\nDTI stands for debt-to-income ratio, also referred to as back-end ratio.  It shows how much of your gross monthly income is needed to cover all your debt obligations.  Follow these steps to determine your approximate DTI:\r\n 	<li>Add up all of your debt (including your mortgage, car loans, child support and alimony, credit cards, student loans, etc.)</li>\r\n 	<li>Divide this amount by your monthly gross income.</li>\r\n 	<li>Then multiply this amount by 100. This percentage is your DTI.</li>\r\n\r\nPlease keep in mind that you must meet specific underwriting standards.  The mortgage lender can help you better understand FICO credit score and maximum back-end ratio requirements, as well as any other standards that may apply.\r\n\r\n<strong>Do I have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click these links to view <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">Government Income Limits</a> (FHA, VA, HUD 184 and Rural Development loans) and <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Conventional Income Limits</a> (Fannie Mae HFA Preferred and Freddie Mac HFA Advantage.  The conventional product has substantially higher income limits.\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\n<strong>FHA, HUD 184, VA, &amp; Rural Development Loans:</strong>  Home buyer education is recommended, but not required.\r\n\r\n<strong>Fannie Mae HFA Preferred and Freddie Mac HFA Advantage:</strong>  Required if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n<ul>\r\n 	<li>REI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.</li>\r\n</ul>\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Can the Seller help me pay closing costs?</strong>\r\n<strong>Government Programs (FHA, VA, HUD184 &amp; Rural Development):</strong>\r\n<ul>\r\n 	<li>Yes, 6% seller concessions are allowed.</li>\r\n</ul>\r\n<strong>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage:</strong>\r\n<ul>\r\n 	<li>Yes, 3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>What is the difference between closing costs and required down payment?</strong>\r\nClosing costs are fees associated with the cost of obtaining a home loan. These fees include items such as the appraisal, lender origination fees, escrow handling charges, wire transfer fees, discount points, lender’s title insurance and prepaid taxes and insurance premiums.\r\n\r\nThe down payment for a home is applied directly toward lowering your total loan amount.  Normally based on a percentage of the total sales price, the amount is established by the agency loan program that the lender has chosen for your loan.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can I receive a gift for investment property or a second home?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.\r\n\r\n<strong>How do I apply for the Gift?</strong>\r\nTake a look at the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a> and contact one of our <a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Participating Lenders</a>.\r\n\r\n<strong>How do I find a lender?</strong>\r\n<a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Click here to access lender list</a>.  You may use the REI Gift100 approved lender of your choice. 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>.', 'Home Buyer FAQ', '', 'inherit', 'closed', 'closed', '', '1518-revision-v1', '', '', '2016-11-29 19:14:39', '2016-11-29 19:14:39', '', 1518, 'http://reidownpayment.org/1518-revision-v1/', 0, 'revision', '', 0);
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(1531, 2, '2016-11-29 19:15:06', '2016-11-29 19:15:06', '<strong>What type of loan programs are offered with the gift?</strong>\r\n<ul>\r\n 	<li>FHA</li>\r\n 	<li>VA</li>\r\n 	<li>Rural Development</li>\r\n 	<li>HUD Section 184</li>\r\n 	<li>Fannie Mae HFA Preferred</li>\r\n 	<li>Freddie Mac HFA Advantage\r\nRate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount. Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).\r\n\r\nThe funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses.  No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.\r\n\r\n<strong>Do I have to pay back any portion of the down payment assistance?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>Am I required to stay in the home for any minimum number of years?</strong>\r\nNo, you are not required to stay in the home for any period of time.  However, we do not allow the program to be used for borrowers wanting to “flip” homes.\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily.  Please note that as a result of the gift, the interest rate on the first mortgage loan will be higher than a first mortgage loan that does not include the gift.\r\n\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 with a maximum DTI of 45%.\r\n\r\n<strong>What is DTI?</strong>\r\nDTI stands for debt-to-income ratio, also referred to as back-end ratio.  It shows how much of your gross monthly income is needed to cover all your debt obligations.  Follow these steps to determine your approximate DTI:\r\n<ol>\r\n 	<li>Add up all of your debt (including your mortgage, car loans, child support and alimony, credit cards, student loans, etc.)</li>\r\n 	<li>Divide this amount by your monthly gross income.</li>\r\n 	<li>Then multiply this amount by 100. This percentage is your DTI.</li>\r\n</ol>\r\nPlease keep in mind that you must meet specific underwriting standards.  The mortgage lender can help you better understand FICO credit score and maximum back-end ratio requirements, as well as any other standards that may apply.\r\n\r\n<strong>Do I have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click these links to view <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">Government Income Limits</a> (FHA, VA, HUD 184 and Rural Development loans) and <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Conventional Income Limits</a> (Fannie Mae HFA Preferred and Freddie Mac HFA Advantage.  The conventional product has substantially higher income limits.\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\n<strong>FHA, HUD 184, VA, &amp; Rural Development Loans:</strong>  Home buyer education is recommended, but not required.\r\n\r\n<strong>Fannie Mae HFA Preferred and Freddie Mac HFA Advantage:</strong>  Required if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n<ul>\r\n 	<li>REI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.</li>\r\n</ul>\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Can the Seller help me pay closing costs?</strong>\r\n<strong>Government Programs (FHA, VA, HUD184 &amp; Rural Development):</strong>\r\n<ul>\r\n 	<li>Yes, 6% seller concessions are allowed.</li>\r\n</ul>\r\n<strong>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage:</strong>\r\n<ul>\r\n 	<li>Yes, 3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>What is the difference between closing costs and required down payment?</strong>\r\nClosing costs are fees associated with the cost of obtaining a home loan. These fees include items such as the appraisal, lender origination fees, escrow handling charges, wire transfer fees, discount points, lender’s title insurance and prepaid taxes and insurance premiums.\r\n\r\nThe down payment for a home is applied directly toward lowering your total loan amount.  Normally based on a percentage of the total sales price, the amount is established by the agency loan program that the lender has chosen for your loan.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can I receive a gift for investment property or a second home?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.\r\n\r\n<strong>How do I apply for the Gift?</strong>\r\nTake a look at the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a> and contact one of our <a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Participating Lenders</a>.\r\n\r\n<strong>How do I find a lender?</strong>\r\n<a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Click here to access lender list</a>.  You may use the REI Gift100 approved lender of your choice. 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>.', 'Home Buyer FAQ', '', 'inherit', 'closed', 'closed', '', '1518-revision-v1', '', '', '2016-11-29 19:15:06', '2016-11-29 19:15:06', '', 1518, 'http://reidownpayment.org/1518-revision-v1/', 0, 'revision', '', 0),
(1532, 2, '2016-11-29 19:15:47', '2016-11-29 19:15:47', '<strong>What type of loan programs are offered with the gift?</strong>\r\n<ul>\r\n 	<li>FHA</li>\r\n 	<li>VA</li>\r\n 	<li>Rural Development</li>\r\n 	<li>HUD Section 184</li>\r\n 	<li>Fannie Mae HFA Preferred</li>\r\n 	<li>Freddie Mac HFA Advantage\r\nRate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount. Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).\r\n\r\nThe funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses.  No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.\r\n\r\n<strong>Do I have to pay back any portion of the down payment assistance?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>Am I required to stay in the home for any minimum number of years?</strong>\r\nNo, you are not required to stay in the home for any period of time.  However, we do not allow the program to be used for borrowers wanting to “flip” homes.\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily.  Please note that as a result of the gift, the interest rate on the first mortgage loan will be higher than a first mortgage loan that does not include the gift.\r\n\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 with a maximum DTI of 45%.\r\n\r\n<strong>What is DTI?</strong>\r\nDTI stands for debt-to-income ratio, also referred to as back-end ratio.  It shows how much of your gross monthly income is needed to cover all your debt obligations.  Follow these steps to determine your approximate DTI:\r\n<ol>\r\n 	<li>Add up all of your debt (including your mortgage, car loans, child support and alimony, credit cards, student loans, etc.)</li>\r\n 	<li>Divide this amount by your monthly gross income.</li>\r\n 	<li>Then multiply this amount by 100. This percentage is your DTI.</li>\r\n</ol>\r\n&nbsp;\r\n\r\nPlease keep in mind that you must meet specific underwriting standards.  The mortgage lender can help you better understand FICO credit score and maximum back-end ratio requirements, as well as any other standards that may apply.\r\n\r\n<strong>Do I have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click these links to view <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">Government Income Limits</a> (FHA, VA, HUD 184 and Rural Development loans) and <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Conventional Income Limits</a> (Fannie Mae HFA Preferred and Freddie Mac HFA Advantage.  The conventional product has substantially higher income limits.\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\n<strong>FHA, HUD 184, VA, &amp; Rural Development Loans:</strong>  Home buyer education is recommended, but not required.\r\n\r\n<strong>Fannie Mae HFA Preferred and Freddie Mac HFA Advantage:</strong>  Required if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n<ul>\r\n 	<li>REI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.</li>\r\n</ul>\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Can the Seller help me pay closing costs?</strong>\r\n<strong>Government Programs (FHA, VA, HUD184 &amp; Rural Development):</strong>\r\n<ul>\r\n 	<li>Yes, 6% seller concessions are allowed.</li>\r\n</ul>\r\n<strong>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage:</strong>\r\n<ul>\r\n 	<li>Yes, 3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>What is the difference between closing costs and required down payment?</strong>\r\nClosing costs are fees associated with the cost of obtaining a home loan. These fees include items such as the appraisal, lender origination fees, escrow handling charges, wire transfer fees, discount points, lender’s title insurance and prepaid taxes and insurance premiums.\r\n\r\nThe down payment for a home is applied directly toward lowering your total loan amount.  Normally based on a percentage of the total sales price, the amount is established by the agency loan program that the lender has chosen for your loan.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can I receive a gift for investment property or a second home?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.\r\n\r\n<strong>How do I apply for the Gift?</strong>\r\nTake a look at the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a> and contact one of our <a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Participating Lenders</a>.\r\n\r\n<strong>How do I find a lender?</strong>\r\n<a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Click here to access lender list</a>.  You may use the REI Gift100 approved lender of your choice. 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>.', 'Home Buyer FAQ', '', 'inherit', 'closed', 'closed', '', '1518-revision-v1', '', '', '2016-11-29 19:15:47', '2016-11-29 19:15:47', '', 1518, 'http://reidownpayment.org/1518-revision-v1/', 0, 'revision', '', 0),
(1533, 2, '2016-11-29 19:16:01', '2016-11-29 19:16:01', '<strong>What type of loan programs are offered with the gift?</strong>\r\n<ul>\r\n 	<li>FHA</li>\r\n 	<li>VA</li>\r\n 	<li>Rural Development</li>\r\n 	<li>HUD Section 184</li>\r\n 	<li>Fannie Mae HFA Preferred</li>\r\n 	<li>Freddie Mac HFA Advantage\r\nRate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount. Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).\r\n\r\nThe funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses.  No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.\r\n\r\n<strong>Do I have to pay back any portion of the down payment assistance?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>Am I required to stay in the home for any minimum number of years?</strong>\r\nNo, you are not required to stay in the home for any period of time.  However, we do not allow the program to be used for borrowers wanting to “flip” homes.\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily.  Please note that as a result of the gift, the interest rate on the first mortgage loan will be higher than a first mortgage loan that does not include the gift.\r\n\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 with a maximum DTI of 45%.\r\n\r\n<strong>What is DTI?</strong>\r\nDTI stands for debt-to-income ratio, also referred to as back-end ratio.  It shows how much of your gross monthly income is needed to cover all your debt obligations.  Follow these steps to determine your approximate DTI:\r\n<ol>\r\n 	<li>Add up all of your debt (including your mortgage, car loans, child support and alimony, credit cards, student loans, etc.)</li>\r\n 	<li>Divide this amount by your monthly gross income.</li>\r\n 	<li>Then multiply this amount by 100. This percentage is your DTI.</li>\r\n</ol>\r\nPlease keep in mind that you must meet specific underwriting standards.  The mortgage lender can help you better understand FICO credit score and maximum back-end ratio requirements, as well as any other standards that may apply.\r\n\r\n<strong>Do I have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click these links to view <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">Government Income Limits</a> (FHA, VA, HUD 184 and Rural Development loans) and <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Conventional Income Limits</a> (Fannie Mae HFA Preferred and Freddie Mac HFA Advantage.  The conventional product has substantially higher income limits.\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\n<strong>FHA, HUD 184, VA, &amp; Rural Development Loans:</strong>  Home buyer education is recommended, but not required.\r\n\r\n<strong>Fannie Mae HFA Preferred and Freddie Mac HFA Advantage:</strong>  Required if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n<ul>\r\n 	<li>REI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.</li>\r\n</ul>\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Can the Seller help me pay closing costs?</strong>\r\n<strong>Government Programs (FHA, VA, HUD184 &amp; Rural Development):</strong>\r\n<ul>\r\n 	<li>Yes, 6% seller concessions are allowed.</li>\r\n</ul>\r\n<strong>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage:</strong>\r\n<ul>\r\n 	<li>Yes, 3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>What is the difference between closing costs and required down payment?</strong>\r\nClosing costs are fees associated with the cost of obtaining a home loan. These fees include items such as the appraisal, lender origination fees, escrow handling charges, wire transfer fees, discount points, lender’s title insurance and prepaid taxes and insurance premiums.\r\n\r\nThe down payment for a home is applied directly toward lowering your total loan amount.  Normally based on a percentage of the total sales price, the amount is established by the agency loan program that the lender has chosen for your loan.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can I receive a gift for investment property or a second home?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.\r\n\r\n<strong>How do I apply for the Gift?</strong>\r\nTake a look at the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a> and contact one of our <a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Participating Lenders</a>.\r\n\r\n<strong>How do I find a lender?</strong>\r\n<a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Click here to access lender list</a>.  You may use the REI Gift100 approved lender of your choice. 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>.', 'Home Buyer FAQ', '', 'inherit', 'closed', 'closed', '', '1518-revision-v1', '', '', '2016-11-29 19:16:01', '2016-11-29 19:16:01', '', 1518, 'http://reidownpayment.org/1518-revision-v1/', 0, 'revision', '', 0),
(1534, 2, '2016-11-29 19:17:11', '2016-11-29 19:17:11', '<strong>What type of loan programs are offered with the gift?</strong>\r\n<ul>\r\n 	<li>FHA</li>\r\n 	<li>VA</li>\r\n 	<li>Rural Development</li>\r\n 	<li>HUD Section 184</li>\r\n 	<li>Fannie Mae HFA Preferred</li>\r\n 	<li>Freddie Mac HFA Advantage\r\nRate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount. Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).\r\n\r\nThe funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses.  No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.\r\n\r\n<strong>Do I have to pay back any portion of the down payment assistance?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>Am I required to stay in the home for any minimum number of years?</strong>\r\nNo, you are not required to stay in the home for any period of time.  However, we do not allow the program to be used for borrowers wanting to “flip” homes.\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily.  Please note that as a result of the gift, the interest rate on the first mortgage loan will be higher than a first mortgage loan that does not include the gift.\r\n\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 with a maximum DTI of 45%.\r\n\r\n<strong>What is DTI?</strong>\r\nDTI stands for debt-to-income ratio, also referred to as back-end ratio.  It shows how much of your gross monthly income is needed to cover all your debt obligations.  Follow these steps to determine your approximate DTI:\r\n<ol>\r\n 	<li>Add up all of your debt (including your mortgage, car loans, child support and alimony, credit cards, student loans, etc.)</li>\r\n 	<li>Divide this amount by your monthly gross income.</li>\r\n 	<li>Then multiply this amount by 100. This percentage is your DTI.</li>\r\n</ol>\r\nPlease keep in mind that you must meet specific underwriting standards.  The mortgage lender can help you better understand FICO credit score and maximum back-end ratio requirements, as well as any other standards that may apply.\r\n\r\n<strong>Do I have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click these links to view <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">Government Income Limits</a> (FHA, VA, HUD 184 and Rural Development loans) and <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Conventional Income Limits</a> (Fannie Mae HFA Preferred and Freddie Mac HFA Advantage.  The conventional product has substantially higher income limits.\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\n<strong>FHA, HUD 184, VA, &amp; Rural Development Loans:</strong>  Home buyer education is recommended, but not required.\r\n\r\n<strong>Fannie Mae HFA Preferred and Freddie Mac HFA Advantage:</strong>  Required if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n\r\nREI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Can the Seller help me pay closing costs?</strong>\r\n<strong>Government Programs (FHA, VA, HUD184 &amp; Rural Development):</strong>\r\n<ul>\r\n 	<li>Yes, 6% seller concessions are allowed.</li>\r\n</ul>\r\n<strong>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage:</strong>\r\n<ul>\r\n 	<li>Yes, 3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>What is the difference between closing costs and required down payment?</strong>\r\nClosing costs are fees associated with the cost of obtaining a home loan. These fees include items such as the appraisal, lender origination fees, escrow handling charges, wire transfer fees, discount points, lender’s title insurance and prepaid taxes and insurance premiums.\r\n\r\nThe down payment for a home is applied directly toward lowering your total loan amount.  Normally based on a percentage of the total sales price, the amount is established by the agency loan program that the lender has chosen for your loan.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can I receive a gift for investment property or a second home?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.\r\n\r\n<strong>How do I apply for the Gift?</strong>\r\nTake a look at the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a> and contact one of our <a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Participating Lenders</a>.\r\n\r\n<strong>How do I find a lender?</strong>\r\n<a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Click here to access lender list</a>.  You may use the REI Gift100 approved lender of your choice. 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>.', 'Home Buyer FAQ', '', 'inherit', 'closed', 'closed', '', '1518-revision-v1', '', '', '2016-11-29 19:17:11', '2016-11-29 19:17:11', '', 1518, 'http://reidownpayment.org/1518-revision-v1/', 0, 'revision', '', 0),
(1535, 2, '2016-11-29 19:19:13', '2016-11-29 19:19:13', ' ', '', '', 'publish', 'closed', 'closed', '', '1535', '', '', '2020-05-11 21:57:12', '2020-05-11 21:57:12', '', 6, 'http://reidownpayment.org/?p=1535', 3, 'nav_menu_item', '', 0),
(1536, 2, '2016-11-29 19:21:55', '2016-11-29 19:21:55', '<img class=\"size-full wp-image-146 alignright\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2013/04/homebuyers-pic-1.png\" alt=\"homebuyers-pic-1\" width=\"348\" height=\"348\" />\r\n<div lang=\"EN-US\">\r\n\r\nThe REI Gift100 program provides first mortgage financing and down payment/closing cost assistance to eligible borrowers in the state of Oklahoma.  The down payment/closing cost assistance is in the form of a gift to the borrower.  There are no liens, deed restrictions, or second mortgages filed against the property when utilizing the REI Gift100.  The program is created to fulfill REI’s mission to provide housing opportunities to low income individuals and families. REI is a 501(c)3 Non-profit organization.\r\n\r\nREI works with lender’s across the state to provide down payment assistance of 3.5% or 5% of the total first mortgage loan amount to eligible individuals and families.  Please click on the <a href=\"http://reidownpayment.org/home-buyers/home-buyer-faq/\" target=\"_blank\">Frequently Asked Questions</a> for more detailed information.\r\n\r\n</div>', 'Home Buyers', '', 'inherit', 'closed', 'closed', '', '6-revision-v1', '', '', '2016-11-29 19:21:55', '2016-11-29 19:21:55', '', 6, 'http://reidownpayment.org/6-revision-v1/', 0, 'revision', '', 0),
(1537, 2, '2016-11-29 19:52:26', '2016-11-29 19:52:26', '<strong>What types of loan programs are available?</strong>\r\nWe offer a 30 year fixed rate loan with down payment assistance on the following loan products:\r\n<ul>\r\n 	<li><span style=\"color: green;\">Fannie Mae HFA Preferred up to 97% LTV</span></li>\r\n 	<li><span style=\"color: blue;\">Freddie Mac HFA Advantage up to 97% LTV</span></li>\r\n 	<li>Rate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How do I become a lender?</strong>\r\nLenders must be approved by U.S. Bank HFA Division to participate in the REI Gift100 Program.  US Bank serves as the Master Servicer and purchases the loans associated with the Gift100 Program.  Interested lenders should contact:\r\n<ul>\r\n 	<li>Dena Sherrill, Housing Program Manager at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a></li>\r\n 	<li>Jeremy Layman, Housing Program Specialist at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a></li>\r\n</ul>\r\n<strong>***Third Party Origination is not allowed***</strong>\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily on the Lender Portal at <a href=\"http://www.reigift100.org/\">www.reigift100.org</a>.  All loans must be delivered and purchased by U.S. Bank within 60 days of rate lock.  An extension can be purchased if needed. Please see <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Program Summary</a> for details.\r\n\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount.\r\n<ul>\r\n 	<li>Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).</li>\r\n 	<li>The funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses. No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.</li>\r\n 	<li>REI will table fund the Gift Funds at closing<strong>\r\n</strong></li>\r\n</ul>\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 when using an automated underwriting system.  See <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for manual underwriting guidelines and alternative credit requirements.\r\n\r\n<strong>What is the Debt to Income (DTI) Ratio? </strong>\r\n<ul>\r\n 	<li>Determined by First Mortgage Program not to exceed 45% when underwritten through AUS (DU or LP).</li>\r\n 	<li>Manual Underwrite/Alternative Credit Score for AUS refer or No Fico 36% with 2 months PITI reserves after closing.</li>\r\n</ul>\r\n<strong>What are the underwriting guidelines?</strong>\r\n<span style=\"color: green;\">Fannie Mae HFA Preferred</span> and <span style=\"color: blue;\">Freddie Mac HFA Advantage</span> have slightly different underwriting guidelines. Please see the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for detailed information.\r\n\r\n<strong>Does the borrower have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.  See <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for more detailed borrower eligibility guidelines per program.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click this link to see <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Income Limits</a>.\r\n\r\n<strong>Lenders will be responsible for ensuring that the income meets program guidelines.</strong>\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\nRequired if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n\r\nREI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.\r\n\r\n<a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a>\r\n\r\n<strong>Which Mortgage Insurance (MI) companies participate in the program?</strong>\r\n<ul>\r\n 	<li>Arch</li>\r\n 	<li>Essent</li>\r\n 	<li>Genworth</li>\r\n 	<li>MGIC</li>\r\n 	<li>National MI</li>\r\n 	<li>Radian</li>\r\n 	<li>United Guaranty</li>\r\n</ul>\r\n<strong>What is the MI Coverage?</strong>\r\n18% for LTVs &gt;95% and &lt; = 97%\r\n16% for LTVs &gt;90% and &lt;= 95%\r\n12% for LTVs &gt;85% and &lt;=90%\r\n6% for LTVs &gt;80% and &lt;= 85%\r\n\r\n<strong> What are the MI Payment Options?</strong>\r\n<ul>\r\n 	<li>Borrower Paid – monthly with annual renewal</li>\r\n 	<li>Split Premium</li>\r\n 	<li>Single Premium</li>\r\n</ul>\r\n<strong>****Base loan plus financed MI cannot exceed 97% LTV.****</strong>\r\n\r\n<strong> Are Seller concessions allowed?</strong>\r\n<ul>\r\n 	<li>3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>Does the borrower have to pay back the gift?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>What are the lender compensation, fees, and purchase:</strong> Please review the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for compensation, loan fees, and purchase requirements.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can the borrower receive a gift for investment property?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.', 'REI Gift100 Conventional Loan Program FAQ', '', 'inherit', 'closed', 'closed', '', '217-revision-v1', '', '', '2016-11-29 19:52:26', '2016-11-29 19:52:26', '', 217, 'http://reidownpayment.org/217-revision-v1/', 0, 'revision', '', 0),
(1538, 2, '2016-11-29 19:53:19', '2016-11-29 19:53:19', '<strong>What types of loan programs are available?</strong>\r\nWe offer a 30 year fixed rate loan with down payment assistance on the following loan products:\r\n<ul>\r\n 	<li><span style=\"color: green;\">Fannie Mae HFA Preferred up to 97% LTV</span></li>\r\n 	<li><span style=\"color: blue;\">Freddie Mac HFA Advantage up to 97% LTV</span></li>\r\n 	<li>Rate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How do I become a lender?</strong>\r\nLenders must be approved by U.S. Bank HFA Division to participate in the REI Gift100 Program.  US Bank serves as the Master Servicer and purchases the loans associated with the Gift100 Program.  Interested lenders should contact:\r\n<ul>\r\n 	<li>Dena Sherrill, Housing Program Manager at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a></li>\r\n 	<li>Jeremy Layman, Housing Program Specialist at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a></li>\r\n</ul>\r\n<strong>***Third Party Origination is not allowed***</strong>\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily on the Lender Portal at <a href=\"http://www.reigift100.org/\">www.reigift100.org</a>.  All loans must be delivered and purchased by U.S. Bank within 60 days of rate lock.  An extension can be purchased if needed. Please see <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Program Summary</a> for details.\r\n\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount.\r\n<ul>\r\n 	<li>Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).</li>\r\n 	<li>The funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses. No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.</li>\r\n 	<li>REI will table fund the Gift Funds at closing<strong>\r\n</strong></li>\r\n</ul>\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 when using an automated underwriting system.  See <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for manual underwriting guidelines and alternative credit requirements.\r\n\r\n<strong>What is the Debt to Income (DTI) Ratio? </strong>\r\n<ul>\r\n 	<li>Determined by First Mortgage Program not to exceed 45% when underwritten through AUS (DU or LP).</li>\r\n 	<li>Manual Underwrite/Alternative Credit Score for AUS refer or No Fico 36% with 2 months PITI reserves after closing.</li>\r\n</ul>\r\n<strong>What are the underwriting guidelines?</strong>\r\n<span style=\"color: green;\">Fannie Mae HFA Preferred</span> and <span style=\"color: blue;\">Freddie Mac HFA Advantage</span> have slightly different underwriting guidelines. Please see the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for detailed information.\r\n\r\n<strong>Does the borrower have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.  See <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for more detailed borrower eligibility guidelines per program.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click this link to see <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Income Limits</a>.\r\n\r\n<strong>Lenders will be responsible for ensuring that the income meets program guidelines.</strong>\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\nRequired if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n\r\nREI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Which Mortgage Insurance (MI) companies participate in the program?</strong>\r\n<ul>\r\n 	<li>Arch</li>\r\n 	<li>Essent</li>\r\n 	<li>Genworth</li>\r\n 	<li>MGIC</li>\r\n 	<li>National MI</li>\r\n 	<li>Radian</li>\r\n 	<li>United Guaranty</li>\r\n</ul>\r\n<strong>What is the MI Coverage?</strong>\r\n18% for LTVs &gt;95% and &lt; = 97%\r\n16% for LTVs &gt;90% and &lt;= 95%\r\n12% for LTVs &gt;85% and &lt;=90%\r\n6% for LTVs &gt;80% and &lt;= 85%\r\n\r\n<strong> What are the MI Payment Options?</strong>\r\n<ul>\r\n 	<li>Borrower Paid – monthly with annual renewal</li>\r\n 	<li>Split Premium</li>\r\n 	<li>Single Premium</li>\r\n</ul>\r\n<strong>****Base loan plus financed MI cannot exceed 97% LTV.****</strong>\r\n\r\n<strong> Are Seller concessions allowed?</strong>\r\n<ul>\r\n 	<li>3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>Does the borrower have to pay back the gift?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>What are the lender compensation, fees, and purchase:</strong> Please review the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for compensation, loan fees, and purchase requirements.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can the borrower receive a gift for investment property?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.', 'REI Gift100 Conventional Loan Program FAQ', '', 'inherit', 'closed', 'closed', '', '217-revision-v1', '', '', '2016-11-29 19:53:19', '2016-11-29 19:53:19', '', 217, 'http://reidownpayment.org/217-revision-v1/', 0, 'revision', '', 0),
(1539, 2, '2016-11-29 19:55:54', '2016-11-29 19:55:54', 'The REI Gift100 program provides first mortgage financing and down payment/closing cost assistance to eligible borrowers in the state of Oklahoma.  The down payment/closing cost assistance is in the form of a gift to the borrower.  There are no liens, deed restrictions, or second mortgages filed against the property when utilizing the REI Gift100.  The program is created to fulfill REI’s mission to provide housing opportunities to low income individuals and families. REI is a 501(c)3 Non-profit organization.\r\n\r\nREI works with lender’s across the state to provide down payment assistance of 3.5% or 5% of the total first mortgage loan amount to eligible individuals and families.  Please click on the Frequently Asked Questions below for more detailed information.\r\n\r\n<strong>REI Gift100 Government Loan Program </strong><a href=\"http://reidownpayment.org/lenders/gift100-2/\">(click for more info)</a>\r\n\r\n<strong>REI Gift100 Conventional Loan Program </strong><a href=\"http://reidownpayment.org/lenders/conventional-program/\">(click for more info)</a>', 'Lenders', '', 'inherit', 'closed', 'closed', '', '7-revision-v1', '', '', '2016-11-29 19:55:54', '2016-11-29 19:55:54', '', 7, 'http://reidownpayment.org/7-revision-v1/', 0, 'revision', '', 0),
(1540, 2, '2016-11-29 20:02:39', '2016-11-29 20:02:39', 'The REI Gift100 program provides first mortgage financing and down payment/closing cost assistance to eligible borrowers in the state of Oklahoma.  The down payment/closing cost assistance is in the form of a gift to the borrower.  There are no liens, deed restrictions, or second mortgages filed against the property when utilizing the REI Gift100.  The program is created to fulfill REI’s mission to provide housing opportunities to low income individuals and families. REI is a 501(c)3 Non-profit organization.\r\n\r\nREI works with lender’s across the state to provide down payment assistance of 3.5% or 5% of the total first mortgage loan amount to eligible individuals and families.  Please click on the Frequently Asked Questions below for more detailed information.\r\n\r\n<strong>REI Gift100 Government Loan Program FAQ </strong><a href=\"http://reidownpayment.org/lenders/gift100-2/\">(click for more info)</a>\r\n\r\n<strong>REI Gift100 Conventional Loan Program FAQ </strong><a href=\"http://reidownpayment.org/lenders/conventional-program/\">(click for more info)</a>', 'Lenders', '', 'inherit', 'closed', 'closed', '', '7-revision-v1', '', '', '2016-11-29 20:02:39', '2016-11-29 20:02:39', '', 7, 'http://reidownpayment.org/7-revision-v1/', 0, 'revision', '', 0),
(1541, 2, '2016-11-29 20:05:11', '2016-11-29 20:05:11', 'The REI Gift100 program provides first mortgage financing and down payment/closing cost assistance to eligible borrowers in the state of Oklahoma.  The down payment/closing cost assistance is in the form of a gift to the borrower.  There are no liens, deed restrictions, or second mortgages filed against the property when utilizing the REI Gift100.  The program is created to fulfill REI’s mission to provide housing opportunities to low income individuals and families. REI is a 501(c)3 Non-profit organization.\r\n\r\nREI works with lender’s across the state to provide down payment assistance of 3.5% or 5% of the total first mortgage loan amount to eligible individuals and families.  Please click on the Frequently Asked Questions below for more detailed information.\r\n\r\n<strong>REI Gift100 Government Loan Program FAQ </strong><a href=\"http://reidownpayment.org/lenders/gift100-2/\">(click for more info)</a>\r\n\r\n<strong>REI Gift100 Conventional Loan Program FAQ </strong><a href=\"http://reidownpayment.org/lenders/conventional-program/\">(click for more info)</a>\r\n\r\n&nbsp;\r\n\r\n&nbsp;\r\n\r\n&nbsp;', 'Lenders', '', 'inherit', 'closed', 'closed', '', '7-revision-v1', '', '', '2016-11-29 20:05:11', '2016-11-29 20:05:11', '', 7, 'http://reidownpayment.org/7-revision-v1/', 0, 'revision', '', 0),
(1542, 2, '2016-11-29 20:06:42', '2016-11-29 20:06:42', ' ', '', '', 'publish', 'closed', 'closed', '', '1542', '', '', '2020-05-11 19:50:20', '2020-05-11 19:50:20', '', 0, 'http://reidownpayment.org/?p=1542', 2, 'nav_menu_item', '', 0);
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(1543, 2, '2016-11-29 20:08:18', '2016-11-29 20:08:18', '<strong>What types of loan programs are available?</strong>\r\nWe offer a 30 year fixed rate loan with down payment assistance on the following loan products:\r\n<ul>\r\n 	<li><span style=\"color: green;\">Fannie Mae HFA Preferred up to 97% LTV</span></li>\r\n 	<li><span style=\"color: navy;\">Freddie Mac HFA Advantage up to 97% LTV</span></li>\r\n 	<li>Rate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How do I become a lender?</strong>\r\nLenders must be approved by U.S. Bank HFA Division to participate in the REI Gift100 Program.  US Bank serves as the Master Servicer and purchases the loans associated with the Gift100 Program.  Interested lenders should contact:\r\n<ul>\r\n 	<li>Dena Sherrill, Housing Program Manager at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a></li>\r\n 	<li>Jeremy Layman, Housing Program Specialist at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a></li>\r\n</ul>\r\n<strong>***Third Party Origination is not allowed***</strong>\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily on the Lender Portal at <a href=\"http://www.reigift100.org/\">www.reigift100.org</a>.  All loans must be delivered and purchased by U.S. Bank within 60 days of rate lock.  An extension can be purchased if needed. Please see <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Program Summary</a> for details.\r\n\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount.\r\n<ul>\r\n 	<li>Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).</li>\r\n 	<li>The funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses. No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.</li>\r\n 	<li>REI will table fund the Gift Funds at closing<strong>\r\n</strong></li>\r\n</ul>\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 when using an automated underwriting system.  See <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for manual underwriting guidelines and alternative credit requirements.\r\n\r\n<strong>What is the Debt to Income (DTI) Ratio? </strong>\r\n<ul>\r\n 	<li>Determined by First Mortgage Program not to exceed 45% when underwritten through AUS (DU or LP).</li>\r\n 	<li>Manual Underwrite/Alternative Credit Score for AUS refer or No Fico 36% with 2 months PITI reserves after closing.</li>\r\n</ul>\r\n<strong>What are the underwriting guidelines?</strong>\r\n<span style=\"color: green;\">Fannie Mae HFA Preferred</span> and <span style=\"color: navy;\">Freddie Mac HFA Advantage</span> have slightly different underwriting guidelines. Please see the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for detailed information.\r\n\r\n<strong>Does the borrower have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.  See <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for more detailed borrower eligibility guidelines per program.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click this link to see <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Income Limits</a>.\r\n\r\n<strong>Lenders will be responsible for ensuring that the income meets program guidelines.</strong>\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\nRequired if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n\r\nREI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Which Mortgage Insurance (MI) companies participate in the program?</strong>\r\n<ul>\r\n 	<li>Arch</li>\r\n 	<li>Essent</li>\r\n 	<li>Genworth</li>\r\n 	<li>MGIC</li>\r\n 	<li>National MI</li>\r\n 	<li>Radian</li>\r\n 	<li>United Guaranty</li>\r\n</ul>\r\n<strong>What is the MI Coverage?</strong>\r\n18% for LTVs &gt;95% and &lt; = 97%\r\n16% for LTVs &gt;90% and &lt;= 95%\r\n12% for LTVs &gt;85% and &lt;=90%\r\n6% for LTVs &gt;80% and &lt;= 85%\r\n\r\n<strong> What are the MI Payment Options?</strong>\r\n<ul>\r\n 	<li>Borrower Paid – monthly with annual renewal</li>\r\n 	<li>Split Premium</li>\r\n 	<li>Single Premium</li>\r\n</ul>\r\n<strong>****Base loan plus financed MI cannot exceed 97% LTV.****</strong>\r\n\r\n<strong> Are Seller concessions allowed?</strong>\r\n<ul>\r\n 	<li>3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>Does the borrower have to pay back the gift?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>What are the lender compensation, fees, and purchase:</strong> Please review the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for compensation, loan fees, and purchase requirements.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can the borrower receive a gift for investment property?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.', 'REI Gift100 Conventional Loan Program FAQ', '', 'inherit', 'closed', 'closed', '', '217-revision-v1', '', '', '2016-11-29 20:08:18', '2016-11-29 20:08:18', '', 217, 'http://reidownpayment.org/217-revision-v1/', 0, 'revision', '', 0),
(1544, 2, '2016-11-29 20:09:23', '2016-11-29 20:09:23', '<strong>What types of loan programs are available?</strong>\r\nWe offer a 30 year fixed rate loan with down payment assistance on the following loan products:\r\n<ul>\r\n 	<li><span style=\"color: green;\">Fannie Mae HFA Preferred up to 97% LTV</span></li>\r\n 	<li><span style=\"color: #2e86c1;\">Freddie Mac HFA Advantage up to 97% LTV</span></li>\r\n 	<li>Rate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How do I become a lender?</strong>\r\nLenders must be approved by U.S. Bank HFA Division to participate in the REI Gift100 Program.  US Bank serves as the Master Servicer and purchases the loans associated with the Gift100 Program.  Interested lenders should contact:\r\n<ul>\r\n 	<li>Dena Sherrill, Housing Program Manager at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a></li>\r\n 	<li>Jeremy Layman, Housing Program Specialist at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a></li>\r\n</ul>\r\n<strong>***Third Party Origination is not allowed***</strong>\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily on the Lender Portal at <a href=\"http://www.reigift100.org/\">www.reigift100.org</a>.  All loans must be delivered and purchased by U.S. Bank within 60 days of rate lock.  An extension can be purchased if needed. Please see <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Program Summary</a> for details.\r\n\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount.\r\n<ul>\r\n 	<li>Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).</li>\r\n 	<li>The funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses. No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.</li>\r\n 	<li>REI will table fund the Gift Funds at closing<strong>\r\n</strong></li>\r\n</ul>\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 when using an automated underwriting system.  See <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for manual underwriting guidelines and alternative credit requirements.\r\n\r\n<strong>What is the Debt to Income (DTI) Ratio? </strong>\r\n<ul>\r\n 	<li>Determined by First Mortgage Program not to exceed 45% when underwritten through AUS (DU or LP).</li>\r\n 	<li>Manual Underwrite/Alternative Credit Score for AUS refer or No Fico 36% with 2 months PITI reserves after closing.</li>\r\n</ul>\r\n<strong>What are the underwriting guidelines?</strong>\r\n<span style=\"color: green;\">Fannie Mae HFA Preferred</span> and <span style=\"color: #2e86c1;\">Freddie Mac HFA Advantage</span> have slightly different underwriting guidelines. Please see the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for detailed information.\r\n\r\n<strong>Does the borrower have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.  See <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for more detailed borrower eligibility guidelines per program.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click this link to see <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Income Limits</a>.\r\n\r\n<strong>Lenders will be responsible for ensuring that the income meets program guidelines.</strong>\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\nRequired if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n\r\nREI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Which Mortgage Insurance (MI) companies participate in the program?</strong>\r\n<ul>\r\n 	<li>Arch</li>\r\n 	<li>Essent</li>\r\n 	<li>Genworth</li>\r\n 	<li>MGIC</li>\r\n 	<li>National MI</li>\r\n 	<li>Radian</li>\r\n 	<li>United Guaranty</li>\r\n</ul>\r\n<strong>What is the MI Coverage?</strong>\r\n18% for LTVs &gt;95% and &lt; = 97%\r\n16% for LTVs &gt;90% and &lt;= 95%\r\n12% for LTVs &gt;85% and &lt;=90%\r\n6% for LTVs &gt;80% and &lt;= 85%\r\n\r\n<strong> What are the MI Payment Options?</strong>\r\n<ul>\r\n 	<li>Borrower Paid – monthly with annual renewal</li>\r\n 	<li>Split Premium</li>\r\n 	<li>Single Premium</li>\r\n</ul>\r\n<strong>****Base loan plus financed MI cannot exceed 97% LTV.****</strong>\r\n\r\n<strong> Are Seller concessions allowed?</strong>\r\n<ul>\r\n 	<li>3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>Does the borrower have to pay back the gift?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>What are the lender compensation, fees, and purchase:</strong> Please review the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for compensation, loan fees, and purchase requirements.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can the borrower receive a gift for investment property?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.', 'REI Gift100 Conventional Loan Program FAQ', '', 'inherit', 'closed', 'closed', '', '217-revision-v1', '', '', '2016-11-29 20:09:23', '2016-11-29 20:09:23', '', 217, 'http://reidownpayment.org/217-revision-v1/', 0, 'revision', '', 0),
(1545, 2, '2016-11-29 20:10:22', '2016-11-29 20:10:22', '<strong>What types of loan programs are available?</strong>\r\nWe offer a 30 year fixed rate loan with down payment assistance on the following loan products:\r\n<ul>\r\n 	<li><span style=\"color: green;\">Fannie Mae HFA Preferred up to 97% LTV</span></li>\r\n 	<li><span style=\"color: #2e86c1;\">Freddie Mac HFA Advantage up to 97% LTV</span></li>\r\n 	<li>Rate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How do I become a lender?</strong>\r\nLenders must be approved by U.S. Bank HFA Division to participate in the REI Gift100 Program.  US Bank serves as the Master Servicer and purchases the loans associated with the Gift100 Program.  Interested lenders should contact:\r\n\r\nDena Sherrill, Housing Program Manager at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a>\r\nJeremy Layman, Housing Program Specialist at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>\r\n\r\n<strong>***Third Party Origination is not allowed***</strong>\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily on the Lender Portal at <a href=\"http://www.reigift100.org/\">www.reigift100.org</a>.  All loans must be delivered and purchased by U.S. Bank within 60 days of rate lock.  An extension can be purchased if needed. Please see <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Program Summary</a> for details.\r\n\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount.\r\n<ul>\r\n 	<li>Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).</li>\r\n 	<li>The funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses. No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.</li>\r\n 	<li>REI will table fund the Gift Funds at closing<strong>\r\n</strong></li>\r\n</ul>\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 when using an automated underwriting system.  See <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for manual underwriting guidelines and alternative credit requirements.\r\n\r\n<strong>What is the Debt to Income (DTI) Ratio? </strong>\r\n<ul>\r\n 	<li>Determined by First Mortgage Program not to exceed 45% when underwritten through AUS (DU or LP).</li>\r\n 	<li>Manual Underwrite/Alternative Credit Score for AUS refer or No Fico 36% with 2 months PITI reserves after closing.</li>\r\n</ul>\r\n<strong>What are the underwriting guidelines?</strong>\r\n<span style=\"color: green;\">Fannie Mae HFA Preferred</span> and <span style=\"color: #2e86c1;\">Freddie Mac HFA Advantage</span> have slightly different underwriting guidelines. Please see the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for detailed information.\r\n\r\n<strong>Does the borrower have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.  See <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for more detailed borrower eligibility guidelines per program.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click this link to see <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Income Limits</a>.\r\n\r\n<strong>Lenders will be responsible for ensuring that the income meets program guidelines.</strong>\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\nRequired if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n\r\nREI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Which Mortgage Insurance (MI) companies participate in the program?</strong>\r\n<ul>\r\n 	<li>Arch</li>\r\n 	<li>Essent</li>\r\n 	<li>Genworth</li>\r\n 	<li>MGIC</li>\r\n 	<li>National MI</li>\r\n 	<li>Radian</li>\r\n 	<li>United Guaranty</li>\r\n</ul>\r\n<strong>What is the MI Coverage?</strong>\r\n18% for LTVs &gt;95% and &lt; = 97%\r\n16% for LTVs &gt;90% and &lt;= 95%\r\n12% for LTVs &gt;85% and &lt;=90%\r\n6% for LTVs &gt;80% and &lt;= 85%\r\n\r\n<strong> What are the MI Payment Options?</strong>\r\n<ul>\r\n 	<li>Borrower Paid – monthly with annual renewal</li>\r\n 	<li>Split Premium</li>\r\n 	<li>Single Premium</li>\r\n</ul>\r\n<strong>****Base loan plus financed MI cannot exceed 97% LTV.****</strong>\r\n\r\n<strong> Are Seller concessions allowed?</strong>\r\n<ul>\r\n 	<li>3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>Does the borrower have to pay back the gift?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>What are the lender compensation, fees, and purchase:</strong> Please review the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for compensation, loan fees, and purchase requirements.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can the borrower receive a gift for investment property?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.', 'REI Gift100 Conventional Loan Program FAQ', '', 'inherit', 'closed', 'closed', '', '217-revision-v1', '', '', '2016-11-29 20:10:22', '2016-11-29 20:10:22', '', 217, 'http://reidownpayment.org/217-revision-v1/', 0, 'revision', '', 0),
(1546, 2, '2016-11-29 20:12:01', '2016-11-29 20:12:01', '<strong>What types of loan programs are available?</strong>\r\nWe offer a 30 year fixed rate loan with down payment assistance on the following loan products:\r\n<ul>\r\n 	<li><span style=\"color: green;\">Fannie Mae HFA Preferred up to 97% LTV</span></li>\r\n 	<li><span style=\"color: #2e86c1;\">Freddie Mac HFA Advantage up to 97% LTV</span></li>\r\n 	<li>Rate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How do I become a lender?</strong>\r\nLenders must be approved by U.S. Bank HFA Division to participate in the REI Gift100 Program.  US Bank serves as the Master Servicer and purchases the loans associated with the Gift100 Program.  Interested lenders should contact:\r\n\r\nDena Sherrill, Housing Program Manager at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a>\r\nJeremy Layman, Housing Program Specialist at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>\r\n\r\n<strong>***Third Party Origination is not allowed***</strong>\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily on the Lender Portal at <a href=\"http://www.reigift100.org/\">www.reigift100.org</a>.  All loans must be delivered and purchased by U.S. Bank within 60 days of rate lock.  An extension can be purchased if needed. Please see <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Program Summary</a> for details.\r\n\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount.\r\n<ul>\r\n 	<li>Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).</li>\r\n 	<li>The funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses. No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.</li>\r\n 	<li>REI will table fund the Gift Funds at closing<strong>\r\n</strong></li>\r\n</ul>\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 when using an automated underwriting system.  See <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for manual underwriting guidelines and alternative credit requirements.\r\n\r\n<strong>What is the Debt to Income (DTI) Ratio? </strong>\r\n<ul>\r\n 	<li>Determined by First Mortgage Program not to exceed 45% when underwritten through AUS (DU or LP).</li>\r\n 	<li>Manual Underwrite/Alternative Credit Score for AUS refer or No Fico 36% with 2 months PITI reserves after closing.</li>\r\n</ul>\r\n<strong>What are the underwriting guidelines?</strong>\r\n<span style=\"color: green;\">Fannie Mae HFA Preferred</span> and <span style=\"color: #2e86c1;\">Freddie Mac HFA Advantage</span> have slightly different underwriting guidelines. Please see the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for detailed information.\r\n\r\n<strong>Does the borrower have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.  See <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for more detailed borrower eligibility guidelines per program.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click this link to see <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Income Limits</a>.\r\n\r\n<strong>Lenders will be responsible for ensuring that the income meets program guidelines.</strong>\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\nRequired if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n\r\nREI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.\r\n<span style=\"color: #2e86c1;\">\r\n</span>\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n\r\n<strong>Which Mortgage Insurance (MI) companies participate in the program?</strong>\r\n<ul>\r\n 	<li>Arch</li>\r\n 	<li>Essent</li>\r\n 	<li>Genworth</li>\r\n 	<li>MGIC</li>\r\n 	<li>National MI</li>\r\n 	<li>Radian</li>\r\n 	<li>United Guaranty</li>\r\n</ul>\r\n<strong>What is the MI Coverage?</strong>\r\n18% for LTVs &gt;95% and &lt; = 97%\r\n16% for LTVs &gt;90% and &lt;= 95%\r\n12% for LTVs &gt;85% and &lt;=90%\r\n6% for LTVs &gt;80% and &lt;= 85%\r\n\r\n<strong> What are the MI Payment Options?</strong>\r\n<ul>\r\n 	<li>Borrower Paid – monthly with annual renewal</li>\r\n 	<li>Split Premium</li>\r\n 	<li>Single Premium</li>\r\n</ul>\r\n<strong>****Base loan plus financed MI cannot exceed 97% LTV.****</strong>\r\n\r\n<strong> Are Seller concessions allowed?</strong>\r\n<ul>\r\n 	<li>3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>Does the borrower have to pay back the gift?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>What are the lender compensation, fees, and purchase:</strong> Please review the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for compensation, loan fees, and purchase requirements.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can the borrower receive a gift for investment property?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.', 'REI Gift100 Conventional Loan Program FAQ', '', 'inherit', 'closed', 'closed', '', '217-revision-v1', '', '', '2016-11-29 20:12:01', '2016-11-29 20:12:01', '', 217, 'http://reidownpayment.org/217-revision-v1/', 0, 'revision', '', 0),
(1547, 2, '2016-11-29 20:12:50', '2016-11-29 20:12:50', '<strong>What types of loan programs are available?</strong>\r\nWe offer a 30 year fixed rate loan with down payment assistance on the following loan products:\r\n<ul>\r\n 	<li><span style=\"color: green;\">Fannie Mae HFA Preferred up to 97% LTV</span></li>\r\n 	<li><span style=\"color: #2e86c1;\">Freddie Mac HFA Advantage up to 97% LTV</span></li>\r\n 	<li>Rate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How do I become a lender?</strong>\r\nLenders must be approved by U.S. Bank HFA Division to participate in the REI Gift100 Program.  US Bank serves as the Master Servicer and purchases the loans associated with the Gift100 Program.  Interested lenders should contact:\r\n\r\nDena Sherrill, Housing Program Manager at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a>\r\nJeremy Layman, Housing Program Specialist at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>\r\n\r\n<strong>***Third Party Origination is not allowed***</strong>\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily on the Lender Portal at <a href=\"http://www.reigift100.org/\">www.reigift100.org</a>.  All loans must be delivered and purchased by U.S. Bank within 60 days of rate lock.  An extension can be purchased if needed. Please see <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Program Summary</a> for details.\r\n\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount.\r\n<ul>\r\n 	<li>Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).</li>\r\n 	<li>The funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses. No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.</li>\r\n 	<li>REI will table fund the Gift Funds at closing<strong>\r\n</strong></li>\r\n</ul>\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 when using an automated underwriting system.  See <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for manual underwriting guidelines and alternative credit requirements.\r\n\r\n<strong>What is the Debt to Income (DTI) Ratio? </strong>\r\n<ul>\r\n 	<li>Determined by First Mortgage Program not to exceed 45% when underwritten through AUS (DU or LP).</li>\r\n 	<li>Manual Underwrite/Alternative Credit Score for AUS refer or No Fico 36% with 2 months PITI reserves after closing.</li>\r\n</ul>\r\n<strong>What are the underwriting guidelines?</strong>\r\n<span style=\"color: green;\">Fannie Mae HFA Preferred</span> and <span style=\"color: #2e86c1;\">Freddie Mac HFA Advantage</span> have slightly different underwriting guidelines. Please see the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for detailed information.\r\n\r\n<strong>Does the borrower have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.  See <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for more detailed borrower eligibility guidelines per program.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click this link to see <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Income Limits</a>.\r\n\r\n<strong>Lenders will be responsible for ensuring that the income meets program guidelines.</strong>\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\nRequired if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n\r\nREI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.<span style=\"color: #2e86c1;\">\r\n</span>\r\n<p style=\"text-align: center;\"><span style=\"color: #2e86c1;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></span></p>\r\n<strong>Which Mortgage Insurance (MI) companies participate in the program?</strong>\r\n<ul>\r\n 	<li>Arch</li>\r\n 	<li>Essent</li>\r\n 	<li>Genworth</li>\r\n 	<li>MGIC</li>\r\n 	<li>National MI</li>\r\n 	<li>Radian</li>\r\n 	<li>United Guaranty</li>\r\n</ul>\r\n<strong>What is the MI Coverage?</strong>\r\n18% for LTVs &gt;95% and &lt; = 97%\r\n16% for LTVs &gt;90% and &lt;= 95%\r\n12% for LTVs &gt;85% and &lt;=90%\r\n6% for LTVs &gt;80% and &lt;= 85%\r\n\r\n<strong> What are the MI Payment Options?</strong>\r\n<ul>\r\n 	<li>Borrower Paid – monthly with annual renewal</li>\r\n 	<li>Split Premium</li>\r\n 	<li>Single Premium</li>\r\n</ul>\r\n<strong>****Base loan plus financed MI cannot exceed 97% LTV.****</strong>\r\n\r\n<strong> Are Seller concessions allowed?</strong>\r\n<ul>\r\n 	<li>3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>Does the borrower have to pay back the gift?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>What are the lender compensation, fees, and purchase:</strong> Please review the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for compensation, loan fees, and purchase requirements.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can the borrower receive a gift for investment property?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.', 'REI Gift100 Conventional Loan Program FAQ', '', 'inherit', 'closed', 'closed', '', '217-revision-v1', '', '', '2016-11-29 20:12:50', '2016-11-29 20:12:50', '', 217, 'http://reidownpayment.org/217-revision-v1/', 0, 'revision', '', 0),
(1548, 2, '2016-11-29 20:14:26', '2016-11-29 20:14:26', '<strong>What types of loan programs are available?</strong>\r\nWe offer a 30 year fixed rate loan with down payment assistance on the following loan products:\r\n<ul>\r\n 	<li><span style=\"color: green;\">Fannie Mae HFA Preferred up to 97% LTV</span></li>\r\n 	<li><span style=\"color: #2e86c1;\">Freddie Mac HFA Advantage up to 97% LTV</span></li>\r\n 	<li>Rate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How do I become a lender?</strong>\r\nLenders must be approved by U.S. Bank HFA Division to participate in the REI Gift100 Program.  US Bank serves as the Master Servicer and purchases the loans associated with the Gift100 Program.  Interested lenders should contact:\r\n\r\nDena Sherrill, Housing Program Manager at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a>\r\nJeremy Layman, Housing Program Specialist at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>\r\n\r\n<strong>***Third Party Origination is not allowed***</strong>\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily on the Lender Portal at <a href=\"http://www.reigift100.org/\">www.reigift100.org</a>.  All loans must be delivered and purchased by U.S. Bank within 60 days of rate lock.  An extension can be purchased if needed. Please see <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Program Summary</a> for details.\r\n\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount.\r\n<ul>\r\n 	<li>Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).</li>\r\n 	<li>The funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses. No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.</li>\r\n 	<li>REI will table fund the Gift Funds at closing<strong>\r\n</strong></li>\r\n</ul>\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 when using an automated underwriting system.  See <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for manual underwriting guidelines and alternative credit requirements.\r\n\r\n<strong>What is the Debt to Income (DTI) Ratio? </strong>\r\n<ul>\r\n 	<li>Determined by First Mortgage Program not to exceed 45% when underwritten through AUS (DU or LP).</li>\r\n 	<li>Manual Underwrite/Alternative Credit Score for AUS refer or No Fico 36% with 2 months PITI reserves after closing.</li>\r\n</ul>\r\n<strong>What are the underwriting guidelines?</strong>\r\n<span style=\"color: green;\">Fannie Mae HFA Preferred</span> and <span style=\"color: #2e86c1;\">Freddie Mac HFA Advantage</span> have slightly different underwriting guidelines. Please see the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for detailed information.\r\n\r\n<strong>Does the borrower have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.  See <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for more detailed borrower eligibility guidelines per program.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click this link to see <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Income Limits</a>.\r\n\r\n<strong>Lenders will be responsible for ensuring that the income meets program guidelines.</strong>\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\nRequired if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n\r\nREI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.<span style=\"color: #2e86c1;\">\r\n</span>\r\n<p style=\"text-align: center;\"><span style=\"color: #2e86c1;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</span></a></p>\r\n<strong>Which Mortgage Insurance (MI) companies participate in the program?</strong>\r\n<ul>\r\n 	<li>Arch</li>\r\n 	<li>Essent</li>\r\n 	<li>Genworth</li>\r\n 	<li>MGIC</li>\r\n 	<li>National MI</li>\r\n 	<li>Radian</li>\r\n 	<li>United Guaranty</li>\r\n</ul>\r\n<strong>What is the MI Coverage?</strong>\r\n18% for LTVs &gt;95% and &lt; = 97%\r\n16% for LTVs &gt;90% and &lt;= 95%\r\n12% for LTVs &gt;85% and &lt;=90%\r\n6% for LTVs &gt;80% and &lt;= 85%\r\n\r\n<strong> What are the MI Payment Options?</strong>\r\n<ul>\r\n 	<li>Borrower Paid – monthly with annual renewal</li>\r\n 	<li>Split Premium</li>\r\n 	<li>Single Premium</li>\r\n</ul>\r\n<strong>****Base loan plus financed MI cannot exceed 97% LTV.****</strong>\r\n\r\n<strong> Are Seller concessions allowed?</strong>\r\n<ul>\r\n 	<li>3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>Does the borrower have to pay back the gift?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>What are the lender compensation, fees, and purchase:</strong> Please review the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for compensation, loan fees, and purchase requirements.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can the borrower receive a gift for investment property?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.', 'REI Gift100 Conventional Loan Program FAQ', '', 'inherit', 'closed', 'closed', '', '217-revision-v1', '', '', '2016-11-29 20:14:26', '2016-11-29 20:14:26', '', 217, 'http://reidownpayment.org/217-revision-v1/', 0, 'revision', '', 0);
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(1549, 2, '2016-11-29 20:15:52', '2016-11-29 20:15:52', '<strong>What types of loan programs are available?</strong>\r\nWe offer a 30 year fixed rate loan with down payment assistance on the following loan products:\r\n<ul>\r\n 	<li><span style=\"color: green;\">Fannie Mae HFA Preferred up to 97% LTV</span></li>\r\n 	<li><span style=\"color: #2e86c1;\">Freddie Mac HFA Advantage up to 97% LTV</span></li>\r\n 	<li>Rate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How do I become a lender?</strong>\r\nLenders must be approved by U.S. Bank HFA Division to participate in the REI Gift100 Program.  US Bank serves as the Master Servicer and purchases the loans associated with the Gift100 Program.  Interested lenders should contact:\r\n\r\nDena Sherrill, Housing Program Manager at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a>\r\nJeremy Layman, Housing Program Specialist at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>\r\n\r\n<strong>***Third Party Origination is not allowed***</strong>\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily on the Lender Portal at <a href=\"http://www.reigift100.org/\">www.reigift100.org</a>.  All loans must be delivered and purchased by U.S. Bank within 60 days of rate lock.  An extension can be purchased if needed. Please see <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Program Summary</a> for details.\r\n\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount.\r\n<ul>\r\n 	<li>Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).</li>\r\n 	<li>The funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses. No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.</li>\r\n 	<li>REI will table fund the Gift Funds at closing<strong>\r\n</strong></li>\r\n</ul>\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 when using an automated underwriting system.  See <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for manual underwriting guidelines and alternative credit requirements.\r\n\r\n<strong>What is the Debt to Income (DTI) Ratio? </strong>\r\n<ul>\r\n 	<li>Determined by First Mortgage Program not to exceed 45% when underwritten through AUS (DU or LP).</li>\r\n 	<li>Manual Underwrite/Alternative Credit Score for AUS refer or No Fico 36% with 2 months PITI reserves after closing.</li>\r\n</ul>\r\n<strong>What are the underwriting guidelines?</strong>\r\n<span style=\"color: green;\">Fannie Mae HFA Preferred</span> and <span style=\"color: #2e86c1;\">Freddie Mac HFA Advantage</span> have slightly different underwriting guidelines. Please see the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for detailed information.\r\n\r\n<strong>Does the borrower have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.  See <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for more detailed borrower eligibility guidelines per program.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click this link to see <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Income Limits</a>.\r\n\r\n<strong>Lenders will be responsible for ensuring that the income meets program guidelines.</strong>\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\nRequired if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n<p style=\"text-align: left;\">REI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.</p>\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Which Mortgage Insurance (MI) companies participate in the program?</strong>\r\n<ul>\r\n 	<li>Arch</li>\r\n 	<li>Essent</li>\r\n 	<li>Genworth</li>\r\n 	<li>MGIC</li>\r\n 	<li>National MI</li>\r\n 	<li>Radian</li>\r\n 	<li>United Guaranty</li>\r\n</ul>\r\n<strong>What is the MI Coverage?</strong>\r\n18% for LTVs &gt;95% and &lt; = 97%\r\n16% for LTVs &gt;90% and &lt;= 95%\r\n12% for LTVs &gt;85% and &lt;=90%\r\n6% for LTVs &gt;80% and &lt;= 85%\r\n\r\n<strong> What are the MI Payment Options?</strong>\r\n<ul>\r\n 	<li>Borrower Paid – monthly with annual renewal</li>\r\n 	<li>Split Premium</li>\r\n 	<li>Single Premium</li>\r\n</ul>\r\n<strong>****Base loan plus financed MI cannot exceed 97% LTV.****</strong>\r\n\r\n<strong> Are Seller concessions allowed?</strong>\r\n<ul>\r\n 	<li>3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>Does the borrower have to pay back the gift?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>What are the lender compensation, fees, and purchase:</strong> Please review the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for compensation, loan fees, and purchase requirements.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can the borrower receive a gift for investment property?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.', 'REI Gift100 Conventional Loan Program FAQ', '', 'inherit', 'closed', 'closed', '', '217-revision-v1', '', '', '2016-11-29 20:15:52', '2016-11-29 20:15:52', '', 217, 'http://reidownpayment.org/217-revision-v1/', 0, 'revision', '', 0),
(1550, 2, '2016-11-29 20:22:26', '2016-11-29 20:22:26', '<strong>What types of loan programs are available?</strong>\r\nWe offer a 30 year fixed rate loan with down payment assistance on the following loan products:\r\n<ul>\r\n 	<li><span style=\"color: green;\">Fannie Mae HFA Preferred up to 97% LTV</span></li>\r\n 	<li><span style=\"color: #2e86c1;\">Freddie Mac HFA Advantage up to 97% LTV</span></li>\r\n 	<li>Rate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How do I become a lender?</strong>\r\nLenders must be approved by U.S. Bank HFA Division to participate in the REI Gift100 Program.  US Bank serves as the Master Servicer and purchases the loans associated with the Gift100 Program.  Interested lenders should contact:\r\n\r\nDena Sherrill, Housing Program Manager at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a>\r\nJeremy Layman, Housing Program Specialist at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>\r\n\r\n<strong>***Third Party Origination is not allowed***</strong>\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily on the Lender Portal at <a href=\"http://www.reigift100.org/\">www.reigift100.org</a>.  All loans must be delivered and purchased by U.S. Bank within 60 days of rate lock.  An extension can be purchased if needed. Please see <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Program Summary</a> for details.\r\n\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount.\r\n<ul>\r\n 	<li>Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).</li>\r\n 	<li>The funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses. No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.</li>\r\n 	<li>REI will table fund the Gift Funds at closing<strong>\r\n</strong></li>\r\n</ul>\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 when using an automated underwriting system.  See <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for manual underwriting guidelines and alternative credit requirements.\r\n\r\n<strong>What is the Debt to Income (DTI) Ratio? </strong>\r\n<ul>\r\n 	<li>Determined by First Mortgage Program not to exceed 45% when underwritten through AUS (DU or LP).</li>\r\n 	<li>Manual Underwrite/Alternative Credit Score for AUS refer or No Fico 36% with 2 months PITI reserves after closing.</li>\r\n</ul>\r\n<strong>What are the underwriting guidelines?</strong>\r\n<span style=\"color: green;\">Fannie Mae HFA Preferred</span> and <span style=\"color: #2e86c1;\">Freddie Mac HFA Advantage</span> have slightly different underwriting guidelines. Please see the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for detailed information.\r\n\r\n<strong>Does the borrower have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.  See <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for more detailed borrower eligibility guidelines per program.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click this link to see <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Income Limits</a>.\r\n<strong>Lenders will be responsible for ensuring that the income meets program guidelines.</strong>\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\nRequired if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n<p style=\"text-align: left;\">REI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.</p>\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\" target=\"_blank\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Which Mortgage Insurance (MI) companies participate in the program?</strong>\r\n<ul>\r\n 	<li>Arch</li>\r\n 	<li>Essent</li>\r\n 	<li>Genworth</li>\r\n 	<li>MGIC</li>\r\n 	<li>National MI</li>\r\n 	<li>Radian</li>\r\n 	<li>United Guaranty</li>\r\n</ul>\r\n<strong>What is the MI Coverage?</strong>\r\n18% for LTVs &gt;95% and &lt; = 97%\r\n16% for LTVs &gt;90% and &lt;= 95%\r\n12% for LTVs &gt;85% and &lt;=90%\r\n6% for LTVs &gt;80% and &lt;= 85%\r\n\r\n<strong> What are the MI Payment Options?</strong>\r\n<ul>\r\n 	<li>Borrower Paid – monthly with annual renewal</li>\r\n 	<li>Split Premium</li>\r\n 	<li>Single Premium</li>\r\n</ul>\r\n<strong>****Base loan plus financed MI cannot exceed 97% LTV.****</strong>\r\n\r\n<strong> Are Seller concessions allowed?</strong>\r\n<ul>\r\n 	<li>3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>Does the borrower have to pay back the gift?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>What are the lender compensation, fees, and purchase:</strong> Please review the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for compensation, loan fees, and purchase requirements.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can the borrower receive a gift for investment property?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.', 'REI Gift100 Conventional Loan Program FAQ', '', 'inherit', 'closed', 'closed', '', '217-revision-v1', '', '', '2016-11-29 20:22:26', '2016-11-29 20:22:26', '', 217, 'http://reidownpayment.org/217-revision-v1/', 0, 'revision', '', 0),
(1551, 2, '2016-11-29 21:27:41', '2016-11-29 21:27:41', '<strong>What types of loan programs are available?</strong>\r\nWe offer a 30 year fixed rate loan with down payment assistance on the following loan products:\r\n<ul>\r\n 	<li>FHA – 203(b), 234(c) &amp; 203ks (lenders must have an additional approval from U.S. Bank HFA Division to originate 203ks loans)</li>\r\n 	<li>VA – 203(b) &amp; 234(c)</li>\r\n 	<li>Rural Housing Guaranteed Loan</li>\r\n 	<li>HUD Section 184</li>\r\n 	<li>Rate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How do I become a lender?</strong>\r\nLenders must be approved by U.S. Bank HFA Division to participate in the REI Gift100 Program.  US Bank serves as the Master Servicer and purchases the loans associated with the Gift100 Program.  Interested lenders should contact:\r\n\r\nDena Sherrill, Housing Program Manager at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a>\r\nJeremy Layman, Housing Program Specialist at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>\r\n\r\n<strong>***Third Party Origination is not allowed***</strong>\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily on the Lender Portal at <a href=\"http://www.reigift100.org/\">www.reigift100.org</a>.  All loans must be delivered and purchased by U.S. Bank within 60 days of rate lock.  An extension can be purchased if needed. Please see Program Summary (link) below for details.\r\n\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount.\r\n<ul>\r\n 	<li>Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).</li>\r\n 	<li>The funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items and other related Mortgage Loan fees and expenses. No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for an overage of his/her earnest money deposit to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.</li>\r\n 	<li>REI will table fund the Gift Funds at closing<strong>\r\n</strong></li>\r\n</ul>\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 when using an automated underwriting system.  See <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/REI-Gift100-Program-Summary-16.4.05.pdf\" target=\"_blank\">Program Summary</a> for manual underwriting guidelines and alternative credit requirements.\r\n\r\n<strong>What is the Debt to Income (DTI) Ratio? </strong>\r\n<ul>\r\n 	<li>Determined by First Mortgage Program not to exceed 45% when underwritten through AUS (DU or LP).</li>\r\n 	<li>Manual Underwrite/Alternative Credit Score for AUS refer or No Fico 36% with 2 months PITI reserves after closing.</li>\r\n</ul>\r\n<strong>Does the borrower have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\nHome buyer education is recommended, but not required.\r\n\r\n<strong>Are there income restrictions?</strong>\r\n<ul>\r\n 	<li>FHA, VA, &amp; HUD 184 - The borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits. Click this link to see <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">Income Limits</a>.</li>\r\n 	<li>Rural Development Loans - Income is based on Adjusted Household Income per Rural Development’s Guidelines. Income limits can be found at the following link: <a href=\"http://www.rurdev.usda.gov/SupportDocuments/OK%20GRH.pdf\">http://www.rurdev.usda.gov/SupportDocuments/OK%20GRH.pdf</a></li>\r\n</ul>\r\n<strong>Lenders will be responsible for ensuring that the income meets program guidelines.</strong>\r\n\r\n<strong>Are Seller concessions allowed?</strong>\r\nYes, 6% seller concessions are allowed.\r\n\r\n<strong>Does the borrower have to pay back the gift?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>What are the lender compensation, fees, and purchase:</strong> Please review the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/REI-Gift100-Program-Summary-16.4.05.pdf\" target=\"_blank\">Program Summary</a> for compensation, loan fees, and purchase requirements.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can the borrower receive a gift for investment property?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/REI-Gift100-Program-Summary-16.4.05.pdf\" target=\"_blank\">REI Gift100 Program Summary</a></li>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">2016 Area Median Income - Gift100 Program</a></li>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/05/Government-Loan-Delivery-Checklist-2.12.16.pdf\" target=\"_blank\">Government Stacking Order</a></li>\r\n 	<li><a href=\"https://www.reigift100.org/Bin/Display.exe/ShowSection\" target=\"_blank\">Lender Portal</a></li>\r\n</ul>\r\n<strong>US Bank Forms &amp; Bulletins:</strong>\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2014/05/USB-002-DPA-Form.pdf\" target=\"_blank\">US Bank Down Payment Assistance Form</a></li>\r\n</ul>', 'REI Gift100 Government Loan Program FAQ', '', 'inherit', 'closed', 'closed', '', '431-revision-v1', '', '', '2016-11-29 21:27:41', '2016-11-29 21:27:41', '', 431, 'http://reidownpayment.org/431-revision-v1/', 0, 'revision', '', 0),
(1552, 2, '2021-06-04 15:49:17', '2021-06-04 15:49:17', '[hs-faq-cat id=\"6\"]\n\n&nbsp;\n<ul>\n 	<li><a href=\"https://reidownpayment.org/wp/wp-content/uploads/2021/02/REI-Home100-Conventional-Program-Summary-21.01.27.pdf\" target=\"_blank\" rel=\"noopener\">Program Summary</a></li>\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>\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>\n 	<li><a href=\"https://reidownpayment.org/wp/wp-content/uploads/2020/08/US-Bank-Conventional-File-Checklist.pdf\">Conventional Stacking Order</a></li>\n 	<li><a href=\"http://www.reihome100.org\" target=\"_blank\" rel=\"noopener\">Lender Portal</a></li>\n</ul>', 'REI Home100 Conventional Loan Program FAQ', '', 'inherit', 'closed', 'closed', '', '217-autosave-v1', '', '', '2021-06-04 15:49:17', '2021-06-04 15:49:17', '', 217, 'http://reidownpayment.org/217-autosave-v1/', 0, 'revision', '', 0),
(1553, 2, '2016-11-29 21:31:00', '2016-11-29 21:31:00', '<strong>What types of loan programs are available?</strong>\r\nWe offer a 30 year fixed rate loan with down payment assistance on the following loan products:\r\n<ul>\r\n 	<li><span style=\"color: green;\">Fannie Mae HFA Preferred up to 97% LTV</span></li>\r\n 	<li><span style=\"color: #2e86c1;\">Freddie Mac HFA Advantage up to 97% LTV</span></li>\r\n 	<li>Rate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How do I become a lender?</strong>\r\nLenders must be approved by U.S. Bank HFA Division to participate in the REI Gift100 Program.  US Bank serves as the Master Servicer and purchases the loans associated with the Gift100 Program.  Interested lenders should contact:\r\n\r\nDena Sherrill, Housing Program Manager at <a href=\"mailto:dsherrill@reiok.org\">dsherrill@reiok.org</a>\r\nJeremy Layman, Housing Program Specialist at <a href=\"mailto:jlayman@reiok.org\">jlayman@reiok.org</a>\r\n\r\n<strong>***Third Party Origination is not allowed***</strong>\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily on the Lender Portal at <a href=\"http://www.reigift100.org/\">www.reigift100.org</a>.  All loans must be delivered and purchased by U.S. Bank within 60 days of rate lock.  An extension can be purchased if needed. Please see <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for details.\r\n\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount.\r\n<ul>\r\n 	<li>Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).</li>\r\n 	<li>The funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses. No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.</li>\r\n 	<li>REI will table fund the Gift Funds at closing<strong>\r\n</strong></li>\r\n</ul>\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 when using an automated underwriting system.  See <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for manual underwriting guidelines and alternative credit requirements.\r\n\r\n<strong>What is the Debt to Income (DTI) Ratio? </strong>\r\n<ul>\r\n 	<li>Determined by First Mortgage Program not to exceed 45% when underwritten through AUS (DU or LP).</li>\r\n 	<li>Manual Underwrite/Alternative Credit Score for AUS refer or No Fico 36% with 2 months PITI reserves after closing.</li>\r\n</ul>\r\n<strong>What are the underwriting guidelines?</strong>\r\n<span style=\"color: green;\">Fannie Mae HFA Preferred</span> and <span style=\"color: #2e86c1;\">Freddie Mac HFA Advantage</span> have slightly different underwriting guidelines. Please see the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for detailed information.\r\n\r\n<strong>Does the borrower have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.  See <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for more detailed borrower eligibility guidelines per program.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click this link to see <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Income Limits</a>.\r\n<strong>Lenders will be responsible for ensuring that the income meets program guidelines.</strong>\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\nRequired if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n<p style=\"text-align: left;\">REI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.</p>\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\" target=\"_blank\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Which Mortgage Insurance (MI) companies participate in the program?</strong>\r\n<ul>\r\n 	<li>Arch</li>\r\n 	<li>Essent</li>\r\n 	<li>Genworth</li>\r\n 	<li>MGIC</li>\r\n 	<li>National MI</li>\r\n 	<li>Radian</li>\r\n 	<li>United Guaranty</li>\r\n</ul>\r\n<strong>What is the MI Coverage?</strong>\r\n18% for LTVs &gt;95% and &lt; = 97%\r\n16% for LTVs &gt;90% and &lt;= 95%\r\n12% for LTVs &gt;85% and &lt;=90%\r\n6% for LTVs &gt;80% and &lt;= 85%\r\n\r\n<strong> What are the MI Payment Options?</strong>\r\n<ul>\r\n 	<li>Borrower Paid – monthly with annual renewal</li>\r\n 	<li>Split Premium</li>\r\n 	<li>Single Premium</li>\r\n</ul>\r\n<strong>****Base loan plus financed MI cannot exceed 97% LTV.****</strong>\r\n\r\n<strong> Are Seller concessions allowed?</strong>\r\n<ul>\r\n 	<li>3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>Does the borrower have to pay back the gift?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>What are the lender compensation, fees, and purchase:</strong> Please review the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a> for compensation, loan fees, and purchase requirements.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can the borrower receive a gift for investment property?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/11/REI-Gift100-Conventional-Program-Summary-16.11.21.pdf\" target=\"_blank\">Program Summary</a></li>\r\n 	<li><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Income Limits</a></li>\r\n 	<li><a href=\"https://www.reigift100.org/Bin/Display.exe/ShowSection\" target=\"_blank\">Lender Portal</a></li>\r\n</ul>', 'REI Gift100 Conventional Loan Program FAQ', '', 'inherit', 'closed', 'closed', '', '217-revision-v1', '', '', '2016-11-29 21:31:00', '2016-11-29 21:31:00', '', 217, 'http://reidownpayment.org/217-revision-v1/', 0, 'revision', '', 0),
(1555, 2, '2016-11-30 15:01:09', '2016-11-30 15:01:09', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-11-30 15:01:09', '2016-11-30 15:01:09', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1556, 2, '2016-12-01 15:03:16', '2016-12-01 15:03:16', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-12-01 15:03:16', '2016-12-01 15:03:16', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1557, 2, '2016-12-02 15:04:09', '2016-12-02 15:04:09', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-12-02 15:04:09', '2016-12-02 15:04:09', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1558, 2, '2016-12-05 14:52:35', '2016-12-05 14:52:35', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-12-05 14:52:35', '2016-12-05 14:52:35', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1559, 2, '2016-12-06 15:08:02', '2016-12-06 15:08:02', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-12-06 15:08:02', '2016-12-06 15:08:02', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1560, 2, '2016-12-07 15:09:41', '2016-12-07 15:09:41', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-12-07 15:09:41', '2016-12-07 15:09:41', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1562, 2, '2016-12-08 15:03:31', '2016-12-08 15:03:31', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-12-08 15:03:31', '2016-12-08 15:03:31', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1563, 2, '2016-12-09 15:01:05', '2016-12-09 15:01:05', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-12-09 15:01:05', '2016-12-09 15:01:05', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1564, 2, '2016-12-12 15:44:15', '2016-12-12 15:44:15', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-12-12 15:44:15', '2016-12-12 15:44:15', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1565, 2, '2016-12-13 15:19:27', '2016-12-13 15:19:27', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-12-13 15:19:27', '2016-12-13 15:19:27', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1566, 2, '2016-12-14 14:59:17', '2016-12-14 14:59:17', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-12-14 14:59:17', '2016-12-14 14:59:17', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1567, 2, '2016-12-14 20:52:31', '2016-12-14 20:52:31', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-12-14 20:52:31', '2016-12-14 20:52:31', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1568, 2, '2016-12-14 20:52:59', '2016-12-14 20:52:59', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-12-14 20:52:59', '2016-12-14 20:52:59', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1569, 2, '2016-12-14 21:56:29', '2016-12-14 21:56:29', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-12-14 21:56:29', '2016-12-14 21:56:29', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1570, 2, '2016-12-15 15:25:06', '2016-12-15 15:25:06', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-12-15 15:25:06', '2016-12-15 15:25:06', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1572, 2, '2016-12-16 15:04:07', '2016-12-16 15:04:07', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-12-16 15:04:07', '2016-12-16 15:04:07', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1573, 2, '2016-12-19 15:08:12', '2016-12-19 15:08:12', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-12-19 15:08:12', '2016-12-19 15:08:12', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1574, 2, '2016-12-20 15:00:01', '2016-12-20 15:00:01', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-12-20 15:00:01', '2016-12-20 15:00:01', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1575, 2, '2016-12-21 14:47:54', '2016-12-21 14:47:54', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-12-21 14:47:54', '2016-12-21 14:47:54', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1576, 2, '2016-12-22 15:18:26', '2016-12-22 15:18:26', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-12-22 15:18:26', '2016-12-22 15:18:26', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1577, 2, '2016-12-23 14:54:51', '2016-12-23 14:54:51', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-12-23 14:54:51', '2016-12-23 14:54:51', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1579, 2, '2016-12-27 15:03:37', '2016-12-27 15:03:37', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-12-27 15:03:37', '2016-12-27 15:03:37', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1580, 2, '2016-12-28 15:03:32', '2016-12-28 15:03:32', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-12-28 15:03:32', '2016-12-28 15:03:32', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1581, 2, '2016-12-29 14:36:09', '2016-12-29 14:36:09', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-12-29 14:36:09', '2016-12-29 14:36:09', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1582, 2, '2016-12-30 14:56:15', '2016-12-30 14:56:15', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2016-12-30 14:56:15', '2016-12-30 14:56:15', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1583, 2, '2017-01-03 15:17:58', '2017-01-03 15:17:58', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2017-01-03 15:17:58', '2017-01-03 15:17:58', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1585, 2, '2017-01-04 14:55:32', '2017-01-04 14:55:32', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2017-01-04 14:55:32', '2017-01-04 14:55:32', '', 215, 'http://reidownpayment.org/215-revision-v1/', 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
(1586, 2, '2017-01-05 14:56:58', '2017-01-05 14:56:58', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2017-01-05 14:56:58', '2017-01-05 14:56:58', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1587, 2, '2017-01-05 17:53:11', '2017-01-05 17:53:11', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2017-01-05 17:53:11', '2017-01-05 17:53:11', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1588, 2, '2017-01-06 15:09:34', '2017-01-06 15:09:34', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2017-01-06 15:09:34', '2017-01-06 15:09:34', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1589, 2, '2017-01-09 14:25:18', '2017-01-09 14:25:18', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2017-01-09 14:25:18', '2017-01-09 14:25:18', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1590, 2, '2017-01-09 21:03:23', '2017-01-09 21:03:23', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2017-01-09 21:03:23', '2017-01-09 21:03:23', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1592, 2, '2017-01-10 16:49:58', '2017-01-10 16:49:58', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2017-01-10 16:49:58', '2017-01-10 16:49:58', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1593, 2, '2017-01-10 20:51:42', '2017-01-10 20:51:42', '<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/DSC_3359.jpg\"><img class=\"alignleft wp-image-1600\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/DSC_3359-1024x683.jpg\" alt=\"dsc_3359\" width=\"550\" height=\"367\" data-id=\"1600\" /></a><strong>WE CAN HELP </strong>- The REI Gift100 program provides first mortgage financing and down payment/closing cost assistance to eligible borrowers in the state of Oklahoma.  The down payment/closing cost assistance is in the form of a gift to the borrower.  There are no liens, deed restrictions, or second mortgages filed against the property when utilizing the REI Gift100.\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\" rel=\"noopener\">Find a Lender</a></li>\r\n 	<li>Watch a <a href=\"https://www.youtube.com/watch?v=fLBj2Zg_gIs&amp;t=2s\" target=\"_blank\" rel=\"noopener\">Short Informational Video</a></li>\r\n 	<li>To Speak to a Specialist, Call 800.658.2823</li>\r\n</ul>', 'Looking For Down Payment Assistance?', '', 'private', 'closed', 'closed', '', 'looking-payment-assistance', '', '', '2020-03-24 19:04:22', '2020-03-24 19:04:22', '', 0, 'http://reidownpayment.org/?page_id=1593', 3, 'page', '', 0),
(1594, 2, '2017-01-10 20:51:11', '2017-01-10 20:51:11', '', 'muskogee-family', '', 'inherit', 'open', 'closed', '', 'muskogee-family', '', '', '2017-01-10 20:51:51', '2017-01-10 20:51:51', '', 1593, 'http://reidownpayment.org/wp/wp-content/uploads/2017/01/Muskogee-Family.jpg', 0, 'attachment', 'image/jpeg', 0),
(1595, 2, '2017-01-10 20:51:42', '2017-01-10 20:51:42', '', 'Looking For Down Payment Assistance?', '', 'inherit', 'closed', 'closed', '', '1593-revision-v1', '', '', '2017-01-10 20:51:42', '2017-01-10 20:51:42', '', 1593, 'http://reidownpayment.org/1593-revision-v1/', 0, 'revision', '', 0),
(1596, 2, '2017-01-10 20:56:47', '2017-01-10 20:56:47', 'WE CAN HELP\n\nThe REI Gift100 program provides first mortgage financing and down payment/closing cost assistance to eligible borrowers in the state of Oklahoma.  The down payment/closing cost assistance is in the form of a gift to the borrower.  There are no liens, deed restrictions, or second mortgages filed against the property when utilizing the REI Gift100.\n<ul>\n 	<li><a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Find a Lender</a></li>\n 	<li>Watch a <a href=\"https://www.youtube.com/watch?v=fLBj2Zg_gIs&amp;t=2s\" target=\"_blank\">Short Information Video</a></li>\n 	<li>For More Info Call 800.658.2823</li>\n</ul>', 'Looking For Down Payment Assistance?', '', 'inherit', 'closed', 'closed', '', '1593-autosave-v1', '', '', '2017-01-10 20:56:47', '2017-01-10 20:56:47', '', 1593, 'http://reidownpayment.org/1593-autosave-v1/', 0, 'revision', '', 0),
(1597, 2, '2017-01-10 20:53:15', '2017-01-10 20:53:15', '<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/Muskogee-Family.jpg\"><img class=\"alignleft  wp-image-1594\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/Muskogee-Family-300x200.jpg\" alt=\"muskogee-family\" width=\"397\" height=\"248\" data-id=\"1594\" /></a>WE CAN HELP\r\n\r\nThe REI Gift100 program provides first mortgage financing and down payment/closing cost assistance to eligible borrowers in the state of Oklahoma.  The down payment/closing cost assistance is in the form of a gift to the borrower.  There are no liens, deed restrictions, or second mortgages filed against the property when utilizing the REI Gift100.\r\n<ul>\r\n 	<li>Find a Lender</li>\r\n 	<li>Watch a Short Information Video</li>\r\n 	<li>For More Info Call 800.658.2823</li>\r\n</ul>', 'Looking For Down Payment Assistance?', '', 'inherit', 'closed', 'closed', '', '1593-revision-v1', '', '', '2017-01-10 20:53:15', '2017-01-10 20:53:15', '', 1593, 'http://reidownpayment.org/1593-revision-v1/', 0, 'revision', '', 0),
(1598, 2, '2017-01-10 20:54:19', '2017-01-10 20:54:19', '<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/Muskogee-Family.jpg\"><img class=\"alignleft wp-image-1594\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/Muskogee-Family-300x200.jpg\" alt=\"muskogee-family\" width=\"397\" height=\"248\" data-id=\"1594\" /></a>WE CAN HELP\r\n\r\nThe REI Gift100 program provides first mortgage financing and down payment/closing cost assistance to eligible borrowers in the state of Oklahoma.  The down payment/closing cost assistance is in the form of a gift to the borrower.  There are no liens, deed restrictions, or second mortgages filed against the property when utilizing the REI Gift100.\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Find a Lender</a></li>\r\n 	<li>Watch a <a href=\"https://www.youtube.com/watch?v=fLBj2Zg_gIs&amp;t=2s\" target=\"_blank\">Short Information Video</a></li>\r\n 	<li>For More Info Call 800.658.2823</li>\r\n</ul>', 'Looking For Down Payment Assistance?', '', 'inherit', 'closed', 'closed', '', '1593-revision-v1', '', '', '2017-01-10 20:54:19', '2017-01-10 20:54:19', '', 1593, 'http://reidownpayment.org/1593-revision-v1/', 0, 'revision', '', 0),
(1599, 2, '2017-01-10 20:55:09', '2017-01-10 20:55:09', '<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/Muskogee-Family.jpg\"><img class=\"alignleft wp-image-1594\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/Muskogee-Family-300x200.jpg\" alt=\"muskogee-family\" width=\"448\" height=\"305\" data-id=\"1594\" /></a>WE CAN HELP\r\n\r\nThe REI Gift100 program provides first mortgage financing and down payment/closing cost assistance to eligible borrowers in the state of Oklahoma.  The down payment/closing cost assistance is in the form of a gift to the borrower.  There are no liens, deed restrictions, or second mortgages filed against the property when utilizing the REI Gift100.\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Find a Lender</a></li>\r\n 	<li>Watch a <a href=\"https://www.youtube.com/watch?v=fLBj2Zg_gIs&amp;t=2s\" target=\"_blank\">Short Information Video</a></li>\r\n 	<li>For More Info Call 800.658.2823</li>\r\n</ul>', 'Looking For Down Payment Assistance?', '', 'inherit', 'closed', 'closed', '', '1593-revision-v1', '', '', '2017-01-10 20:55:09', '2017-01-10 20:55:09', '', 1593, 'http://reidownpayment.org/1593-revision-v1/', 0, 'revision', '', 0),
(1600, 2, '2017-01-10 20:56:47', '2017-01-10 20:56:47', '', 'dsc_3359', '', 'inherit', 'open', 'closed', '', 'dsc_3359', '', '', '2017-01-10 20:56:47', '2017-01-10 20:56:47', '', 1593, 'http://reidownpayment.org/wp/wp-content/uploads/2017/01/DSC_3359.jpg', 0, 'attachment', 'image/jpeg', 0),
(1601, 2, '2017-01-10 20:57:22', '2017-01-10 20:57:22', '<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/DSC_3359.jpg\"><img class=\"alignleft wp-image-1600 size-large\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/DSC_3359-1024x683.jpg\" alt=\"dsc_3359\" width=\"640\" height=\"427\" data-id=\"1600\" /></a>WE CAN HELP\r\n\r\nThe REI Gift100 program provides first mortgage financing and down payment/closing cost assistance to eligible borrowers in the state of Oklahoma.  The down payment/closing cost assistance is in the form of a gift to the borrower.  There are no liens, deed restrictions, or second mortgages filed against the property when utilizing the REI Gift100.\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Find a Lender</a></li>\r\n 	<li>Watch a <a href=\"https://www.youtube.com/watch?v=fLBj2Zg_gIs&amp;t=2s\" target=\"_blank\">Short Information Video</a></li>\r\n 	<li>For More Info Call 800.658.2823</li>\r\n</ul>', 'Looking For Down Payment Assistance?', '', 'inherit', 'closed', 'closed', '', '1593-revision-v1', '', '', '2017-01-10 20:57:22', '2017-01-10 20:57:22', '', 1593, 'http://reidownpayment.org/1593-revision-v1/', 0, 'revision', '', 0),
(1602, 2, '2017-01-10 20:58:15', '2017-01-10 20:58:15', '<h2><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/DSC_3359.jpg\"><img class=\"alignleft wp-image-1600 size-large\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/DSC_3359-1024x683.jpg\" alt=\"dsc_3359\" width=\"640\" height=\"427\" data-id=\"1600\" /></a><strong>WE CAN HELP</strong></h2>\r\nThe REI Gift100 program provides first mortgage financing and down payment/closing cost assistance to eligible borrowers in the state of Oklahoma.  The down payment/closing cost assistance is in the form of a gift to the borrower.  There are no liens, deed restrictions, or second mortgages filed against the property when utilizing the REI Gift100.\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Find a Lender</a></li>\r\n 	<li>Watch a <a href=\"https://www.youtube.com/watch?v=fLBj2Zg_gIs&amp;t=2s\" target=\"_blank\">Short Information Video</a></li>\r\n 	<li>For More Info Call 800.658.2823</li>\r\n</ul>', 'Looking For Down Payment Assistance?', '', 'inherit', 'closed', 'closed', '', '1593-revision-v1', '', '', '2017-01-10 20:58:15', '2017-01-10 20:58:15', '', 1593, 'http://reidownpayment.org/1593-revision-v1/', 0, 'revision', '', 0),
(1603, 2, '2017-01-10 20:58:55', '2017-01-10 20:58:55', '<h2><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/DSC_3359.jpg\"><img class=\"alignleft wp-image-1600\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/DSC_3359-1024x683.jpg\" alt=\"dsc_3359\" width=\"550\" height=\"367\" data-id=\"1600\" /></a><strong>WE CAN HELP</strong></h2>\r\nThe REI Gift100 program provides first mortgage financing and down payment/closing cost assistance to eligible borrowers in the state of Oklahoma.  The down payment/closing cost assistance is in the form of a gift to the borrower.  There are no liens, deed restrictions, or second mortgages filed against the property when utilizing the REI Gift100.\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Find a Lender</a></li>\r\n 	<li>Watch a <a href=\"https://www.youtube.com/watch?v=fLBj2Zg_gIs&amp;t=2s\" target=\"_blank\">Short Information Video</a></li>\r\n 	<li>For More Info Call 800.658.2823</li>\r\n</ul>', 'Looking For Down Payment Assistance?', '', 'inherit', 'closed', 'closed', '', '1593-revision-v1', '', '', '2017-01-10 20:58:55', '2017-01-10 20:58:55', '', 1593, 'http://reidownpayment.org/1593-revision-v1/', 0, 'revision', '', 0),
(1604, 2, '2017-01-10 20:59:31', '2017-01-10 20:59:31', '<h2><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/DSC_3359.jpg\"><img class=\"alignleft wp-image-1600\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/DSC_3359-1024x683.jpg\" alt=\"dsc_3359\" width=\"550\" height=\"367\" data-id=\"1600\" /></a><strong>WE CAN HELP</strong></h2>\r\nThe REI Gift100 program provides first mortgage financing and down payment/closing cost assistance to eligible borrowers in the state of Oklahoma.  The down payment/closing cost assistance is in the form of a gift to the borrower.  There are no liens, deed restrictions, or second mortgages filed against the property when utilizing the REI Gift100.\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Find a Lender</a></li>\r\n 	<li>Watch a <a href=\"https://www.youtube.com/watch?v=fLBj2Zg_gIs&amp;t=2s\" target=\"_blank\">Short Informational Video</a></li>\r\n 	<li>To Speak to a Specialist, Call 800.658.2823</li>\r\n</ul>', 'Looking For Down Payment Assistance?', '', 'inherit', 'closed', 'closed', '', '1593-revision-v1', '', '', '2017-01-10 20:59:31', '2017-01-10 20:59:31', '', 1593, 'http://reidownpayment.org/1593-revision-v1/', 0, 'revision', '', 0),
(1605, 2, '2017-01-10 21:00:12', '2017-01-10 21:00:12', '<h2><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/DSC_3359.jpg\"><img class=\"alignleft wp-image-1600\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/DSC_3359-1024x683.jpg\" alt=\"dsc_3359\" width=\"550\" height=\"367\" data-id=\"1600\" /></a><strong>WE CAN HELP</strong></h2>\r\n&nbsp;\r\n\r\nThe REI Gift100 program provides first mortgage financing and down payment/closing cost assistance to eligible borrowers in the state of Oklahoma.  The down payment/closing cost assistance is in the form of a gift to the borrower.  There are no liens, deed restrictions, or second mortgages filed against the property when utilizing the REI Gift100.\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Find a Lender</a></li>\r\n 	<li>Watch a <a href=\"https://www.youtube.com/watch?v=fLBj2Zg_gIs&amp;t=2s\" target=\"_blank\">Short Informational Video</a></li>\r\n 	<li>To Speak to a Specialist, Call 800.658.2823</li>\r\n</ul>', 'Looking For Down Payment Assistance?', '', 'inherit', 'closed', 'closed', '', '1593-revision-v1', '', '', '2017-01-10 21:00:12', '2017-01-10 21:00:12', '', 1593, 'http://reidownpayment.org/1593-revision-v1/', 0, 'revision', '', 0),
(1606, 2, '2017-01-10 21:00:30', '2017-01-10 21:00:30', '<h2><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/DSC_3359.jpg\"><img class=\"alignleft wp-image-1600\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/DSC_3359-1024x683.jpg\" alt=\"dsc_3359\" width=\"550\" height=\"367\" data-id=\"1600\" /></a><strong>WE CAN HELP</strong></h2>\r\nThe REI Gift100 program provides first mortgage financing and down payment/closing cost assistance to eligible borrowers in the state of Oklahoma.  The down payment/closing cost assistance is in the form of a gift to the borrower.  There are no liens, deed restrictions, or second mortgages filed against the property when utilizing the REI Gift100.\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Find a Lender</a></li>\r\n 	<li>Watch a <a href=\"https://www.youtube.com/watch?v=fLBj2Zg_gIs&amp;t=2s\" target=\"_blank\">Short Informational Video</a></li>\r\n 	<li>To Speak to a Specialist, Call 800.658.2823</li>\r\n</ul>', 'Looking For Down Payment Assistance?', '', 'inherit', 'closed', 'closed', '', '1593-revision-v1', '', '', '2017-01-10 21:00:30', '2017-01-10 21:00:30', '', 1593, 'http://reidownpayment.org/1593-revision-v1/', 0, 'revision', '', 0),
(1607, 2, '2017-01-10 21:02:15', '2017-01-10 21:02:15', '<h2><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/DSC_3359.jpg\"><img class=\"alignleft wp-image-1600\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/DSC_3359-1024x683.jpg\" alt=\"dsc_3359\" width=\"550\" height=\"367\" data-id=\"1600\" /></a><strong>WE CAN HELP</strong></h2>\r\n&nbsp;\r\n\r\nThe REI Gift100 program provides first mortgage financing and down payment/closing cost assistance to eligible borrowers in the state of Oklahoma.  The down payment/closing cost assistance is in the form of a gift to the borrower.  There are no liens, deed restrictions, or second mortgages filed against the property when utilizing the REI Gift100.\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Find a Lender</a></li>\r\n 	<li>Watch a <a href=\"https://www.youtube.com/watch?v=fLBj2Zg_gIs&amp;t=2s\" target=\"_blank\">Short Informational Video</a></li>\r\n 	<li>To Speak to a Specialist, Call 800.658.2823</li>\r\n</ul>', 'Looking For Down Payment Assistance?', '', 'inherit', 'closed', 'closed', '', '1593-revision-v1', '', '', '2017-01-10 21:02:15', '2017-01-10 21:02:15', '', 1593, 'http://reidownpayment.org/1593-revision-v1/', 0, 'revision', '', 0),
(1608, 2, '2017-01-10 21:06:11', '2017-01-10 21:06:11', '<h1><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/DSC_3359.jpg\"><img class=\"alignleft wp-image-1600\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/DSC_3359-1024x683.jpg\" alt=\"dsc_3359\" width=\"550\" height=\"367\" data-id=\"1600\" /></a><strong>WE CAN HELP</strong></h1>\r\n&nbsp;\r\n\r\nThe REI Gift100 program provides first mortgage financing and down payment/closing cost assistance to eligible borrowers in the state of Oklahoma.  The down payment/closing cost assistance is in the form of a gift to the borrower.  There are no liens, deed restrictions, or second mortgages filed against the property when utilizing the REI Gift100.\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Find a Lender</a></li>\r\n 	<li>Watch a <a href=\"https://www.youtube.com/watch?v=fLBj2Zg_gIs&amp;t=2s\" target=\"_blank\">Short Informational Video</a></li>\r\n 	<li>To Speak to a Specialist, Call 800.658.2823</li>\r\n</ul>', 'Looking For Down Payment Assistance?', '', 'inherit', 'closed', 'closed', '', '1593-revision-v1', '', '', '2017-01-10 21:06:11', '2017-01-10 21:06:11', '', 1593, 'http://reidownpayment.org/1593-revision-v1/', 0, 'revision', '', 0),
(1609, 2, '2017-01-10 21:09:42', '2017-01-10 21:09:42', '<h1><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/DSC_3359.jpg\"><img class=\"alignleft wp-image-1600\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/DSC_3359-1024x683.jpg\" alt=\"dsc_3359\" width=\"550\" height=\"367\" data-id=\"1600\" /></a><strong>WE CAN HELP -</strong>The REI Gift100 program provides first mortgage financing and down payment/closing cost assistance to eligible borrowers in the state of Oklahoma.  The down payment/closing cost assistance is in the form of a gift to the borrower.  There are no liens, deed restrictions, or second mortgages filed against the property when utilizing the REI Gift100.</h1>\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Find a Lender</a></li>\r\n 	<li>Watch a <a href=\"https://www.youtube.com/watch?v=fLBj2Zg_gIs&amp;t=2s\" target=\"_blank\">Short Informational Video</a></li>\r\n 	<li>To Speak to a Specialist, Call 800.658.2823</li>\r\n</ul>', 'Looking For Down Payment Assistance?', '', 'inherit', 'closed', 'closed', '', '1593-revision-v1', '', '', '2017-01-10 21:09:42', '2017-01-10 21:09:42', '', 1593, 'http://reidownpayment.org/1593-revision-v1/', 0, 'revision', '', 0),
(1610, 2, '2017-01-10 21:10:06', '2017-01-10 21:10:06', '<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/DSC_3359.jpg\"><img class=\"alignleft wp-image-1600\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/DSC_3359-1024x683.jpg\" alt=\"dsc_3359\" width=\"550\" height=\"367\" data-id=\"1600\" /></a><strong>WE CAN HELP - </strong>The REI Gift100 program provides first mortgage financing and down payment/closing cost assistance to eligible borrowers in the state of Oklahoma.  The down payment/closing cost assistance is in the form of a gift to the borrower.  There are no liens, deed restrictions, or second mortgages filed against the property when utilizing the REI Gift100.\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Find a Lender</a></li>\r\n 	<li>Watch a <a href=\"https://www.youtube.com/watch?v=fLBj2Zg_gIs&amp;t=2s\" target=\"_blank\">Short Informational Video</a></li>\r\n 	<li>To Speak to a Specialist, Call 800.658.2823</li>\r\n</ul>', 'Looking For Down Payment Assistance?', '', 'inherit', 'closed', 'closed', '', '1593-revision-v1', '', '', '2017-01-10 21:10:06', '2017-01-10 21:10:06', '', 1593, 'http://reidownpayment.org/1593-revision-v1/', 0, 'revision', '', 0),
(1611, 2, '2017-01-10 21:10:24', '2017-01-10 21:10:24', '<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/DSC_3359.jpg\"><img class=\"alignleft wp-image-1600\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/DSC_3359-1024x683.jpg\" alt=\"dsc_3359\" width=\"550\" height=\"367\" data-id=\"1600\" /></a><strong>WE CAN HELP </strong>- The REI Gift100 program provides first mortgage financing and down payment/closing cost assistance to eligible borrowers in the state of Oklahoma.  The down payment/closing cost assistance is in the form of a gift to the borrower.  There are no liens, deed restrictions, or second mortgages filed against the property when utilizing the REI Gift100.\r\n<ul>\r\n 	<li><a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Find a Lender</a></li>\r\n 	<li>Watch a <a href=\"https://www.youtube.com/watch?v=fLBj2Zg_gIs&amp;t=2s\" target=\"_blank\">Short Informational Video</a></li>\r\n 	<li>To Speak to a Specialist, Call 800.658.2823</li>\r\n</ul>', 'Looking For Down Payment Assistance?', '', 'inherit', 'closed', 'closed', '', '1593-revision-v1', '', '', '2017-01-10 21:10:24', '2017-01-10 21:10:24', '', 1593, 'http://reidownpayment.org/1593-revision-v1/', 0, 'revision', '', 0),
(1612, 2, '2017-01-11 15:52:24', '2017-01-11 15:52:24', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2017-01-11 15:52:24', '2017-01-11 15:52:24', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1614, 2, '2017-01-12 15:01:46', '2017-01-12 15:01:46', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2017-01-12 15:01:46', '2017-01-12 15:01:46', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1615, 2, '2017-01-13 15:05:38', '2017-01-13 15:05:38', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2017-01-13 15:05:38', '2017-01-13 15:05:38', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1617, 1, '2017-04-25 15:17:34', '2017-04-25 15:17:34', '[hs-faq-cat id=\"5\"]', 'Home Buyer FAQ', '', 'inherit', 'closed', 'closed', '', '1518-autosave-v1', '', '', '2017-04-25 15:17:34', '2017-04-25 15:17:34', '', 1518, 'http://reidownpayment.org/1518-autosave-v1/', 0, 'revision', '', 0),
(1618, 1, '2017-01-17 14:32:40', '2017-01-17 14:32:40', '[sp_faq]\r\n\r\n<strong>What type of loan programs are offered with the gift?</strong>\r\n<ul>\r\n 	<li>FHA</li>\r\n 	<li>VA</li>\r\n 	<li>Rural Development</li>\r\n 	<li>HUD Section 184</li>\r\n 	<li>Fannie Mae HFA Preferred</li>\r\n 	<li>Freddie Mac HFA Advantage\r\nRate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount. Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).\r\n\r\nThe funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses.  No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.\r\n\r\n<strong>Do I have to pay back any portion of the down payment assistance?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>Am I required to stay in the home for any minimum number of years?</strong>\r\nNo, you are not required to stay in the home for any period of time.  However, we do not allow the program to be used for borrowers wanting to “flip” homes.\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily.  Please note that as a result of the gift, the interest rate on the first mortgage loan will be higher than a first mortgage loan that does not include the gift.\r\n\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 with a maximum DTI of 45%.\r\n\r\n<strong>What is DTI?</strong>\r\nDTI stands for debt-to-income ratio, also referred to as back-end ratio.  It shows how much of your gross monthly income is needed to cover all your debt obligations.  Follow these steps to determine your approximate DTI:\r\n<ol>\r\n 	<li>Add up all of your debt (including your mortgage, car loans, child support and alimony, credit cards, student loans, etc.)</li>\r\n 	<li>Divide this amount by your monthly gross income.</li>\r\n 	<li>Then multiply this amount by 100. This percentage is your DTI.</li>\r\n</ol>\r\nPlease keep in mind that you must meet specific underwriting standards.  The mortgage lender can help you better understand FICO credit score and maximum back-end ratio requirements, as well as any other standards that may apply.\r\n\r\n<strong>Do I have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click these links to view <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">Government Income Limits</a> (FHA, VA, HUD 184 and Rural Development loans) and <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Conventional Income Limits</a> (Fannie Mae HFA Preferred and Freddie Mac HFA Advantage.  The conventional product has substantially higher income limits.\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\n<strong>FHA, HUD 184, VA, &amp; Rural Development Loans:</strong>  Home buyer education is recommended, but not required.\r\n\r\n<strong>Fannie Mae HFA Preferred and Freddie Mac HFA Advantage:</strong>  Required if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n\r\nREI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Can the Seller help me pay closing costs?</strong>\r\n<strong>Government Programs (FHA, VA, HUD184 &amp; Rural Development):</strong>\r\n<ul>\r\n 	<li>Yes, 6% seller concessions are allowed.</li>\r\n</ul>\r\n<strong>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage:</strong>\r\n<ul>\r\n 	<li>Yes, 3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>What is the difference between closing costs and required down payment?</strong>\r\nClosing costs are fees associated with the cost of obtaining a home loan. These fees include items such as the appraisal, lender origination fees, escrow handling charges, wire transfer fees, discount points, lender’s title insurance and prepaid taxes and insurance premiums.\r\n\r\nThe down payment for a home is applied directly toward lowering your total loan amount.  Normally based on a percentage of the total sales price, the amount is established by the agency loan program that the lender has chosen for your loan.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can I receive a gift for investment property or a second home?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.\r\n\r\n<strong>How do I apply for the Gift?</strong>\r\nTake a look at the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a> and contact one of our <a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Participating Lenders</a>.\r\n\r\n<strong>How do I find a lender?</strong>\r\n<a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Click here to access lender list</a>.  You may use the REI Gift100 approved lender of your choice. 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>.', 'Home Buyer FAQ', '', 'inherit', 'closed', 'closed', '', '1518-revision-v1', '', '', '2017-01-17 14:32:40', '2017-01-17 14:32:40', '', 1518, 'http://reidownpayment.org/1518-revision-v1/', 0, 'revision', '', 0),
(1622, 1, '2017-01-17 14:42:58', '2017-01-17 14:42:58', '<strong>What type of loan programs are offered with the gift?</strong>\r\n<ul>\r\n 	<li>FHA</li>\r\n 	<li>VA</li>\r\n 	<li>Rural Development</li>\r\n 	<li>HUD Section 184</li>\r\n 	<li>Fannie Mae HFA Preferred</li>\r\n 	<li>Freddie Mac HFA Advantage\r\nRate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount. Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).\r\n\r\nThe funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses.  No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.\r\n\r\n<strong>Do I have to pay back any portion of the down payment assistance?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>Am I required to stay in the home for any minimum number of years?</strong>\r\nNo, you are not required to stay in the home for any period of time.  However, we do not allow the program to be used for borrowers wanting to “flip” homes.\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily.  Please note that as a result of the gift, the interest rate on the first mortgage loan will be higher than a first mortgage loan that does not include the gift.\r\n\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 with a maximum DTI of 45%.\r\n\r\n<strong>What is DTI?</strong>\r\nDTI stands for debt-to-income ratio, also referred to as back-end ratio.  It shows how much of your gross monthly income is needed to cover all your debt obligations.  Follow these steps to determine your approximate DTI:\r\n<ol>\r\n 	<li>Add up all of your debt (including your mortgage, car loans, child support and alimony, credit cards, student loans, etc.)</li>\r\n 	<li>Divide this amount by your monthly gross income.</li>\r\n 	<li>Then multiply this amount by 100. This percentage is your DTI.</li>\r\n</ol>\r\nPlease keep in mind that you must meet specific underwriting standards.  The mortgage lender can help you better understand FICO credit score and maximum back-end ratio requirements, as well as any other standards that may apply.\r\n\r\n<strong>Do I have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click these links to view <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">Government Income Limits</a> (FHA, VA, HUD 184 and Rural Development loans) and <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Conventional Income Limits</a> (Fannie Mae HFA Preferred and Freddie Mac HFA Advantage.  The conventional product has substantially higher income limits.\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\n<strong>FHA, HUD 184, VA, &amp; Rural Development Loans:</strong>  Home buyer education is recommended, but not required.\r\n\r\n<strong>Fannie Mae HFA Preferred and Freddie Mac HFA Advantage:</strong>  Required if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n\r\nREI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Can the Seller help me pay closing costs?</strong>\r\n<strong>Government Programs (FHA, VA, HUD184 &amp; Rural Development):</strong>\r\n<ul>\r\n 	<li>Yes, 6% seller concessions are allowed.</li>\r\n</ul>\r\n<strong>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage:</strong>\r\n<ul>\r\n 	<li>Yes, 3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>What is the difference between closing costs and required down payment?</strong>\r\nClosing costs are fees associated with the cost of obtaining a home loan. These fees include items such as the appraisal, lender origination fees, escrow handling charges, wire transfer fees, discount points, lender’s title insurance and prepaid taxes and insurance premiums.\r\n\r\nThe down payment for a home is applied directly toward lowering your total loan amount.  Normally based on a percentage of the total sales price, the amount is established by the agency loan program that the lender has chosen for your loan.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can I receive a gift for investment property or a second home?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.\r\n\r\n<strong>How do I apply for the Gift?</strong>\r\nTake a look at the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a> and contact one of our <a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Participating Lenders</a>.\r\n\r\n<strong>How do I find a lender?</strong>\r\n<a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Click here to access lender list</a>.  You may use the REI Gift100 approved lender of your choice. 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>.', 'Home Buyer FAQ', '', 'inherit', 'closed', 'closed', '', '1518-revision-v1', '', '', '2017-01-17 14:42:58', '2017-01-17 14:42:58', '', 1518, 'http://reidownpayment.org/1518-revision-v1/', 0, 'revision', '', 0),
(1623, 1, '2017-01-17 14:53:09', '2017-01-17 14:53:09', 'answer', 'How does DPA work?', '', 'publish', 'open', 'closed', '', 'how-does-dpa-work', '', '', '2017-01-17 14:53:09', '2017-01-17 14:53:09', '', 0, 'http://reidownpayment.org/?post_type=ufaq&#038;p=1623', 0, 'ufaq', '', 0),
(1624, 1, '2017-01-17 14:55:35', '2017-01-17 14:55:35', '[ultimate-faqs]\r\n\r\n<strong>What type of loan programs are offered with the gift?</strong>\r\n<ul>\r\n 	<li>FHA</li>\r\n 	<li>VA</li>\r\n 	<li>Rural Development</li>\r\n 	<li>HUD Section 184</li>\r\n 	<li>Fannie Mae HFA Preferred</li>\r\n 	<li>Freddie Mac HFA Advantage\r\nRate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount. Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).\r\n\r\nThe funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses.  No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.\r\n\r\n<strong>Do I have to pay back any portion of the down payment assistance?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>Am I required to stay in the home for any minimum number of years?</strong>\r\nNo, you are not required to stay in the home for any period of time.  However, we do not allow the program to be used for borrowers wanting to “flip” homes.\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily.  Please note that as a result of the gift, the interest rate on the first mortgage loan will be higher than a first mortgage loan that does not include the gift.\r\n\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 with a maximum DTI of 45%.\r\n\r\n<strong>What is DTI?</strong>\r\nDTI stands for debt-to-income ratio, also referred to as back-end ratio.  It shows how much of your gross monthly income is needed to cover all your debt obligations.  Follow these steps to determine your approximate DTI:\r\n<ol>\r\n 	<li>Add up all of your debt (including your mortgage, car loans, child support and alimony, credit cards, student loans, etc.)</li>\r\n 	<li>Divide this amount by your monthly gross income.</li>\r\n 	<li>Then multiply this amount by 100. This percentage is your DTI.</li>\r\n</ol>\r\nPlease keep in mind that you must meet specific underwriting standards.  The mortgage lender can help you better understand FICO credit score and maximum back-end ratio requirements, as well as any other standards that may apply.\r\n\r\n<strong>Do I have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click these links to view <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">Government Income Limits</a> (FHA, VA, HUD 184 and Rural Development loans) and <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Conventional Income Limits</a> (Fannie Mae HFA Preferred and Freddie Mac HFA Advantage.  The conventional product has substantially higher income limits.\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\n<strong>FHA, HUD 184, VA, &amp; Rural Development Loans:</strong>  Home buyer education is recommended, but not required.\r\n\r\n<strong>Fannie Mae HFA Preferred and Freddie Mac HFA Advantage:</strong>  Required if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n\r\nREI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Can the Seller help me pay closing costs?</strong>\r\n<strong>Government Programs (FHA, VA, HUD184 &amp; Rural Development):</strong>\r\n<ul>\r\n 	<li>Yes, 6% seller concessions are allowed.</li>\r\n</ul>\r\n<strong>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage:</strong>\r\n<ul>\r\n 	<li>Yes, 3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>What is the difference between closing costs and required down payment?</strong>\r\nClosing costs are fees associated with the cost of obtaining a home loan. These fees include items such as the appraisal, lender origination fees, escrow handling charges, wire transfer fees, discount points, lender’s title insurance and prepaid taxes and insurance premiums.\r\n\r\nThe down payment for a home is applied directly toward lowering your total loan amount.  Normally based on a percentage of the total sales price, the amount is established by the agency loan program that the lender has chosen for your loan.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can I receive a gift for investment property or a second home?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.\r\n\r\n<strong>How do I apply for the Gift?</strong>\r\nTake a look at the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a> and contact one of our <a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Participating Lenders</a>.\r\n\r\n<strong>How do I find a lender?</strong>\r\n<a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Click here to access lender list</a>.  You may use the REI Gift100 approved lender of your choice. 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>.', 'Home Buyer FAQ', '', 'inherit', 'closed', 'closed', '', '1518-revision-v1', '', '', '2017-01-17 14:55:35', '2017-01-17 14:55:35', '', 1518, 'http://reidownpayment.org/1518-revision-v1/', 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
(1625, 1, '2017-01-17 14:55:56', '2017-01-17 14:55:56', '&nbsp;\r\n\r\n<strong>What type of loan programs are offered with the gift?</strong>\r\n<ul>\r\n 	<li>FHA</li>\r\n 	<li>VA</li>\r\n 	<li>Rural Development</li>\r\n 	<li>HUD Section 184</li>\r\n 	<li>Fannie Mae HFA Preferred</li>\r\n 	<li>Freddie Mac HFA Advantage\r\nRate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount. Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).\r\n\r\nThe funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses.  No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.\r\n\r\n<strong>Do I have to pay back any portion of the down payment assistance?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>Am I required to stay in the home for any minimum number of years?</strong>\r\nNo, you are not required to stay in the home for any period of time.  However, we do not allow the program to be used for borrowers wanting to “flip” homes.\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily.  Please note that as a result of the gift, the interest rate on the first mortgage loan will be higher than a first mortgage loan that does not include the gift.\r\n\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 with a maximum DTI of 45%.\r\n\r\n<strong>What is DTI?</strong>\r\nDTI stands for debt-to-income ratio, also referred to as back-end ratio.  It shows how much of your gross monthly income is needed to cover all your debt obligations.  Follow these steps to determine your approximate DTI:\r\n<ol>\r\n 	<li>Add up all of your debt (including your mortgage, car loans, child support and alimony, credit cards, student loans, etc.)</li>\r\n 	<li>Divide this amount by your monthly gross income.</li>\r\n 	<li>Then multiply this amount by 100. This percentage is your DTI.</li>\r\n</ol>\r\nPlease keep in mind that you must meet specific underwriting standards.  The mortgage lender can help you better understand FICO credit score and maximum back-end ratio requirements, as well as any other standards that may apply.\r\n\r\n<strong>Do I have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click these links to view <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">Government Income Limits</a> (FHA, VA, HUD 184 and Rural Development loans) and <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Conventional Income Limits</a> (Fannie Mae HFA Preferred and Freddie Mac HFA Advantage.  The conventional product has substantially higher income limits.\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\n<strong>FHA, HUD 184, VA, &amp; Rural Development Loans:</strong>  Home buyer education is recommended, but not required.\r\n\r\n<strong>Fannie Mae HFA Preferred and Freddie Mac HFA Advantage:</strong>  Required if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n\r\nREI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Can the Seller help me pay closing costs?</strong>\r\n<strong>Government Programs (FHA, VA, HUD184 &amp; Rural Development):</strong>\r\n<ul>\r\n 	<li>Yes, 6% seller concessions are allowed.</li>\r\n</ul>\r\n<strong>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage:</strong>\r\n<ul>\r\n 	<li>Yes, 3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>What is the difference between closing costs and required down payment?</strong>\r\nClosing costs are fees associated with the cost of obtaining a home loan. These fees include items such as the appraisal, lender origination fees, escrow handling charges, wire transfer fees, discount points, lender’s title insurance and prepaid taxes and insurance premiums.\r\n\r\nThe down payment for a home is applied directly toward lowering your total loan amount.  Normally based on a percentage of the total sales price, the amount is established by the agency loan program that the lender has chosen for your loan.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can I receive a gift for investment property or a second home?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.\r\n\r\n<strong>How do I apply for the Gift?</strong>\r\nTake a look at the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a> and contact one of our <a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Participating Lenders</a>.\r\n\r\n<strong>How do I find a lender?</strong>\r\n<a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Click here to access lender list</a>.  You may use the REI Gift100 approved lender of your choice. 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>.', 'Home Buyer FAQ', '', 'inherit', 'closed', 'closed', '', '1518-revision-v1', '', '', '2017-01-17 14:55:56', '2017-01-17 14:55:56', '', 1518, 'http://reidownpayment.org/1518-revision-v1/', 0, 'revision', '', 0),
(1626, 2, '2017-01-17 14:56:08', '2017-01-17 14:56:08', '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 – 0.09375 Points</li>\r\n 	<li>15 Days – 0.18750 Points</li>\r\n 	<li>22 Days – 0.28125 Points</li>\r\n 	<li>30 Days – 0.37500 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>', 'REI Gift100 Interest Rates', '', 'inherit', 'closed', 'closed', '', '215-revision-v1', '', '', '2017-01-17 14:56:08', '2017-01-17 14:56:08', '', 215, 'http://reidownpayment.org/215-revision-v1/', 0, 'revision', '', 0),
(1627, 1, '2017-01-17 14:56:42', '2017-01-17 14:56:42', 'answer', 'test', '', 'publish', 'open', 'closed', '', 'test', '', '', '2017-01-17 14:56:42', '2017-01-17 14:56:42', '', 0, 'http://reidownpayment.org/?post_type=ufaq&#038;p=1627', 0, 'ufaq', '', 0),
(1629, 1, '2017-01-17 15:02:44', '2017-01-17 15:02:44', '[ultimate-faqs]\r\n\r\n<strong>What type of loan programs are offered with the gift?</strong>\r\n<ul>\r\n 	<li>FHA</li>\r\n 	<li>VA</li>\r\n 	<li>Rural Development</li>\r\n 	<li>HUD Section 184</li>\r\n 	<li>Fannie Mae HFA Preferred</li>\r\n 	<li>Freddie Mac HFA Advantage\r\nRate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount. Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).\r\n\r\nThe funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses.  No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.\r\n\r\n<strong>Do I have to pay back any portion of the down payment assistance?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>Am I required to stay in the home for any minimum number of years?</strong>\r\nNo, you are not required to stay in the home for any period of time.  However, we do not allow the program to be used for borrowers wanting to “flip” homes.\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily.  Please note that as a result of the gift, the interest rate on the first mortgage loan will be higher than a first mortgage loan that does not include the gift.\r\n\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 with a maximum DTI of 45%.\r\n\r\n<strong>What is DTI?</strong>\r\nDTI stands for debt-to-income ratio, also referred to as back-end ratio.  It shows how much of your gross monthly income is needed to cover all your debt obligations.  Follow these steps to determine your approximate DTI:\r\n<ol>\r\n 	<li>Add up all of your debt (including your mortgage, car loans, child support and alimony, credit cards, student loans, etc.)</li>\r\n 	<li>Divide this amount by your monthly gross income.</li>\r\n 	<li>Then multiply this amount by 100. This percentage is your DTI.</li>\r\n</ol>\r\nPlease keep in mind that you must meet specific underwriting standards.  The mortgage lender can help you better understand FICO credit score and maximum back-end ratio requirements, as well as any other standards that may apply.\r\n\r\n<strong>Do I have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click these links to view <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">Government Income Limits</a> (FHA, VA, HUD 184 and Rural Development loans) and <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Conventional Income Limits</a> (Fannie Mae HFA Preferred and Freddie Mac HFA Advantage.  The conventional product has substantially higher income limits.\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\n<strong>FHA, HUD 184, VA, &amp; Rural Development Loans:</strong>  Home buyer education is recommended, but not required.\r\n\r\n<strong>Fannie Mae HFA Preferred and Freddie Mac HFA Advantage:</strong>  Required if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n\r\nREI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Can the Seller help me pay closing costs?</strong>\r\n<strong>Government Programs (FHA, VA, HUD184 &amp; Rural Development):</strong>\r\n<ul>\r\n 	<li>Yes, 6% seller concessions are allowed.</li>\r\n</ul>\r\n<strong>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage:</strong>\r\n<ul>\r\n 	<li>Yes, 3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>What is the difference between closing costs and required down payment?</strong>\r\nClosing costs are fees associated with the cost of obtaining a home loan. These fees include items such as the appraisal, lender origination fees, escrow handling charges, wire transfer fees, discount points, lender’s title insurance and prepaid taxes and insurance premiums.\r\n\r\nThe down payment for a home is applied directly toward lowering your total loan amount.  Normally based on a percentage of the total sales price, the amount is established by the agency loan program that the lender has chosen for your loan.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can I receive a gift for investment property or a second home?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.\r\n\r\n<strong>How do I apply for the Gift?</strong>\r\nTake a look at the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a> and contact one of our <a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Participating Lenders</a>.\r\n\r\n<strong>How do I find a lender?</strong>\r\n<a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Click here to access lender list</a>.  You may use the REI Gift100 approved lender of your choice. 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>.', 'Home Buyer FAQ', '', 'inherit', 'closed', 'closed', '', '1518-revision-v1', '', '', '2017-01-17 15:02:44', '2017-01-17 15:02:44', '', 1518, 'http://reidownpayment.org/1518-revision-v1/', 0, 'revision', '', 0),
(1630, 1, '2017-01-17 15:03:01', '2017-01-17 15:03:01', '&nbsp;\r\n\r\n<strong>What type of loan programs are offered with the gift?</strong>\r\n<ul>\r\n 	<li>FHA</li>\r\n 	<li>VA</li>\r\n 	<li>Rural Development</li>\r\n 	<li>HUD Section 184</li>\r\n 	<li>Fannie Mae HFA Preferred</li>\r\n 	<li>Freddie Mac HFA Advantage\r\nRate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount. Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).\r\n\r\nThe funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses.  No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.\r\n\r\n<strong>Do I have to pay back any portion of the down payment assistance?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>Am I required to stay in the home for any minimum number of years?</strong>\r\nNo, you are not required to stay in the home for any period of time.  However, we do not allow the program to be used for borrowers wanting to “flip” homes.\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily.  Please note that as a result of the gift, the interest rate on the first mortgage loan will be higher than a first mortgage loan that does not include the gift.\r\n\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 with a maximum DTI of 45%.\r\n\r\n<strong>What is DTI?</strong>\r\nDTI stands for debt-to-income ratio, also referred to as back-end ratio.  It shows how much of your gross monthly income is needed to cover all your debt obligations.  Follow these steps to determine your approximate DTI:\r\n<ol>\r\n 	<li>Add up all of your debt (including your mortgage, car loans, child support and alimony, credit cards, student loans, etc.)</li>\r\n 	<li>Divide this amount by your monthly gross income.</li>\r\n 	<li>Then multiply this amount by 100. This percentage is your DTI.</li>\r\n</ol>\r\nPlease keep in mind that you must meet specific underwriting standards.  The mortgage lender can help you better understand FICO credit score and maximum back-end ratio requirements, as well as any other standards that may apply.\r\n\r\n<strong>Do I have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click these links to view <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">Government Income Limits</a> (FHA, VA, HUD 184 and Rural Development loans) and <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Conventional Income Limits</a> (Fannie Mae HFA Preferred and Freddie Mac HFA Advantage.  The conventional product has substantially higher income limits.\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\n<strong>FHA, HUD 184, VA, &amp; Rural Development Loans:</strong>  Home buyer education is recommended, but not required.\r\n\r\n<strong>Fannie Mae HFA Preferred and Freddie Mac HFA Advantage:</strong>  Required if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n\r\nREI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Can the Seller help me pay closing costs?</strong>\r\n<strong>Government Programs (FHA, VA, HUD184 &amp; Rural Development):</strong>\r\n<ul>\r\n 	<li>Yes, 6% seller concessions are allowed.</li>\r\n</ul>\r\n<strong>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage:</strong>\r\n<ul>\r\n 	<li>Yes, 3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>What is the difference between closing costs and required down payment?</strong>\r\nClosing costs are fees associated with the cost of obtaining a home loan. These fees include items such as the appraisal, lender origination fees, escrow handling charges, wire transfer fees, discount points, lender’s title insurance and prepaid taxes and insurance premiums.\r\n\r\nThe down payment for a home is applied directly toward lowering your total loan amount.  Normally based on a percentage of the total sales price, the amount is established by the agency loan program that the lender has chosen for your loan.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can I receive a gift for investment property or a second home?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.\r\n\r\n<strong>How do I apply for the Gift?</strong>\r\nTake a look at the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a> and contact one of our <a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Participating Lenders</a>.\r\n\r\n<strong>How do I find a lender?</strong>\r\n<a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Click here to access lender list</a>.  You may use the REI Gift100 approved lender of your choice. 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>.', 'Home Buyer FAQ', '', 'inherit', 'closed', 'closed', '', '1518-revision-v1', '', '', '2017-01-17 15:03:01', '2017-01-17 15:03:01', '', 1518, 'http://reidownpayment.org/1518-revision-v1/', 0, 'revision', '', 0),
(1631, 1, '2017-01-17 15:05:05', '2017-01-17 15:05:05', 'answer', 'test', '', 'publish', 'closed', 'closed', '', 'test', '', '', '2017-01-17 15:05:05', '2017-01-17 15:05:05', '', 0, 'http://reidownpayment.org/?post_type=hrf_faq&#038;p=1631', 0, 'hrf_faq', '', 0),
(1632, 1, '2017-01-17 15:06:40', '2017-01-17 15:06:40', '[hrf_faqs]\r\n\r\n<strong>What type of loan programs are offered with the gift?</strong>\r\n<ul>\r\n 	<li>FHA</li>\r\n 	<li>VA</li>\r\n 	<li>Rural Development</li>\r\n 	<li>HUD Section 184</li>\r\n 	<li>Fannie Mae HFA Preferred</li>\r\n 	<li>Freddie Mac HFA Advantage\r\nRate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount. Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).\r\n\r\nThe funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses.  No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.\r\n\r\n<strong>Do I have to pay back any portion of the down payment assistance?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>Am I required to stay in the home for any minimum number of years?</strong>\r\nNo, you are not required to stay in the home for any period of time.  However, we do not allow the program to be used for borrowers wanting to “flip” homes.\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily.  Please note that as a result of the gift, the interest rate on the first mortgage loan will be higher than a first mortgage loan that does not include the gift.\r\n\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 with a maximum DTI of 45%.\r\n\r\n<strong>What is DTI?</strong>\r\nDTI stands for debt-to-income ratio, also referred to as back-end ratio.  It shows how much of your gross monthly income is needed to cover all your debt obligations.  Follow these steps to determine your approximate DTI:\r\n<ol>\r\n 	<li>Add up all of your debt (including your mortgage, car loans, child support and alimony, credit cards, student loans, etc.)</li>\r\n 	<li>Divide this amount by your monthly gross income.</li>\r\n 	<li>Then multiply this amount by 100. This percentage is your DTI.</li>\r\n</ol>\r\nPlease keep in mind that you must meet specific underwriting standards.  The mortgage lender can help you better understand FICO credit score and maximum back-end ratio requirements, as well as any other standards that may apply.\r\n\r\n<strong>Do I have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click these links to view <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">Government Income Limits</a> (FHA, VA, HUD 184 and Rural Development loans) and <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Conventional Income Limits</a> (Fannie Mae HFA Preferred and Freddie Mac HFA Advantage.  The conventional product has substantially higher income limits.\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\n<strong>FHA, HUD 184, VA, &amp; Rural Development Loans:</strong>  Home buyer education is recommended, but not required.\r\n\r\n<strong>Fannie Mae HFA Preferred and Freddie Mac HFA Advantage:</strong>  Required if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n\r\nREI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Can the Seller help me pay closing costs?</strong>\r\n<strong>Government Programs (FHA, VA, HUD184 &amp; Rural Development):</strong>\r\n<ul>\r\n 	<li>Yes, 6% seller concessions are allowed.</li>\r\n</ul>\r\n<strong>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage:</strong>\r\n<ul>\r\n 	<li>Yes, 3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>What is the difference between closing costs and required down payment?</strong>\r\nClosing costs are fees associated with the cost of obtaining a home loan. These fees include items such as the appraisal, lender origination fees, escrow handling charges, wire transfer fees, discount points, lender’s title insurance and prepaid taxes and insurance premiums.\r\n\r\nThe down payment for a home is applied directly toward lowering your total loan amount.  Normally based on a percentage of the total sales price, the amount is established by the agency loan program that the lender has chosen for your loan.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can I receive a gift for investment property or a second home?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.\r\n\r\n<strong>How do I apply for the Gift?</strong>\r\nTake a look at the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a> and contact one of our <a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Participating Lenders</a>.\r\n\r\n<strong>How do I find a lender?</strong>\r\n<a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Click here to access lender list</a>.  You may use the REI Gift100 approved lender of your choice. 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>.', 'Home Buyer FAQ', '', 'inherit', 'closed', 'closed', '', '1518-revision-v1', '', '', '2017-01-17 15:06:40', '2017-01-17 15:06:40', '', 1518, 'http://reidownpayment.org/1518-revision-v1/', 0, 'revision', '', 0),
(1633, 1, '2017-01-17 15:07:01', '2017-01-17 15:07:01', '<strong>What type of loan programs are offered with the gift?</strong>\r\n<ul>\r\n 	<li>FHA</li>\r\n 	<li>VA</li>\r\n 	<li>Rural Development</li>\r\n 	<li>HUD Section 184</li>\r\n 	<li>Fannie Mae HFA Preferred</li>\r\n 	<li>Freddie Mac HFA Advantage\r\nRate/term refinance on any of the above loan products.</li>\r\n</ul>\r\n<strong>How does DPA work?</strong>\r\nThe down payment assistance is in the form of a gift and is based on a percentage of the total first mortgage loan amount. Amount of assistance is 3.5% or 5.0% of total first mortgage loan amount (determined by the lender).\r\n\r\nThe funds may be used to fund up to 100% of the Borrower’s cash requirement to close, including the down payment, closing costs, pre-paid items, single or split MI fees and other related Mortgage Loan fees and expenses.  No portion of the gift funds can be paid to the Borrower unless the Borrower is being reimbursed for his/her earnest money deposit and pre-paid expenses to the extent the minimum Borrower contribution has been satisfied.  Under the rate/term refinance option, any funds above the amount needed to pay the Borrower’s loan related costs must be used to reduce the principal amount of the First Mortgage loan.\r\n\r\n<strong>Do I have to pay back any portion of the down payment assistance?</strong>\r\nNo, the borrower is not required to pay back the gift upon sale or refinance, it is a true gift to the borrower.\r\n\r\n<strong>Am I required to stay in the home for any minimum number of years?</strong>\r\nNo, you are not required to stay in the home for any period of time.  However, we do not allow the program to be used for borrowers wanting to “flip” homes.\r\n\r\n<strong>What are the first mortgage interest rates?</strong>\r\nREI Down Payment Assistance will post First Mortgage interest rates by 9:00 a.m. C.S.T. daily.  Please note that as a result of the gift, the interest rate on the first mortgage loan will be higher than a first mortgage loan that does not include the gift.\r\n\r\n<strong>What is the minimum credit score?</strong>\r\nAll borrowers MUST have a minimum representative Credit Score of 640 with a maximum DTI of 45%.\r\n\r\n<strong>What is DTI?</strong>\r\nDTI stands for debt-to-income ratio, also referred to as back-end ratio.  It shows how much of your gross monthly income is needed to cover all your debt obligations.  Follow these steps to determine your approximate DTI:\r\n<ol>\r\n 	<li>Add up all of your debt (including your mortgage, car loans, child support and alimony, credit cards, student loans, etc.)</li>\r\n 	<li>Divide this amount by your monthly gross income.</li>\r\n 	<li>Then multiply this amount by 100. This percentage is your DTI.</li>\r\n</ol>\r\nPlease keep in mind that you must meet specific underwriting standards.  The mortgage lender can help you better understand FICO credit score and maximum back-end ratio requirements, as well as any other standards that may apply.\r\n\r\n<strong>Do I have to be a first-time homebuyer?</strong>\r\nNo, there is no first-time home buyer requirement.\r\n\r\n<strong>Are there income restrictions?</strong>\r\nThe borrower’s <strong>qualifying</strong> income must not exceed Program Income Limits.  Click these links to view <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-FHA-VA-HUD-184.pdf\" target=\"_blank\">Government Income Limits</a> (FHA, VA, HUD 184 and Rural Development loans) and <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/04/2016-Area-Median-Incomes-Conventional.pdf\" target=\"_blank\">Conventional Income Limits</a> (Fannie Mae HFA Preferred and Freddie Mac HFA Advantage.  The conventional product has substantially higher income limits.\r\n\r\n<strong>Does the borrower have to take a home buyer education class?</strong>\r\n<strong>FHA, HUD 184, VA, &amp; Rural Development Loans:</strong>  Home buyer education is recommended, but not required.\r\n\r\n<strong>Fannie Mae HFA Preferred and Freddie Mac HFA Advantage:</strong>  Required if all borrowers are first-time home buyers, at least one borrower must complete pre-purchase home buyer education and counseling.  The online course listed below is an acceptable course as is an on-line MI company, and/or an OHEA Certified or HUD certified counselors.\r\n\r\nREI has been approved to provide Homebuyer Education through EHome America, please click on the following link to take the online course. The cost is $99.00.\r\n<p style=\"text-align: center;\"><a href=\"http://www.ehomeamerica.org/reiok\">www.ehomeamerica.org/reiok</a></p>\r\n<strong>Can the Seller help me pay closing costs?</strong>\r\n<strong>Government Programs (FHA, VA, HUD184 &amp; Rural Development):</strong>\r\n<ul>\r\n 	<li>Yes, 6% seller concessions are allowed.</li>\r\n</ul>\r\n<strong>Fannie Mae HFA Preferred &amp; Freddie Mac HFA Advantage:</strong>\r\n<ul>\r\n 	<li>Yes, 3% Maximum for CLTV Greater than 90%</li>\r\n 	<li>6% maximum of CLTV less than or equal to 90%.</li>\r\n</ul>\r\nMay be used for closing costs and/or single or split MI premiums\r\n\r\n<strong>What is the difference between closing costs and required down payment?</strong>\r\nClosing costs are fees associated with the cost of obtaining a home loan. These fees include items such as the appraisal, lender origination fees, escrow handling charges, wire transfer fees, discount points, lender’s title insurance and prepaid taxes and insurance premiums.\r\n\r\nThe down payment for a home is applied directly toward lowering your total loan amount.  Normally based on a percentage of the total sales price, the amount is established by the agency loan program that the lender has chosen for your loan.\r\n\r\n<strong>How long does the process take?</strong>\r\nLender’s should be able to close a loan in the same amount of time it takes to close a traditional mortgage loan.\r\n\r\n<strong>Can I receive a gift for investment property or a second home?</strong>\r\nNo, the borrower must utilize the gift on their primary residence.\r\n\r\n<strong>How do I apply for the Gift?</strong>\r\nTake a look at the <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2016/09/REI-DPA-Steps-to-Buying-a-Home.pdf\" target=\"_blank\">10 Steps to Homeownership</a> and contact one of our <a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Participating Lenders</a>.\r\n\r\n<strong>How do I find a lender?</strong>\r\n<a href=\"http://reidownpayment.org/find-a-lender/\" target=\"_blank\">Click here to access lender list</a>.  You may use the REI Gift100 approved lender of your choice. 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>.', 'Home Buyer FAQ', '', 'inherit', 'closed', 'closed', '', '1518-revision-v1', '', '', '2017-01-17 15:07:01', '2017-01-17 15:07:01', '', 1518, 'http://reidownpayment.org/1518-revision-v1/', 0, 'revision', '', 0),
(1634, 1, '2017-01-17 15:11:00', '2017-01-17 15:11:00', 'answer', 'test', '', 'publish', 'closed', 'closed', '', 'test', '', '', '2017-01-17 15:11:00', '2017-01-17 15:11:00', '', 0, 'http://reidownpayment.org/?post_type=sp_faq&#038;p=1634', 0, 'sp_faq', '', 0),
(1635, 2, '2017-01-17 21:37:09', '2017-01-17 21:37:09', '<span style=\"font-family: \'Calibri\',sans-serif;\"><a href=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/veteran-family-web.jpg\"><img class=\"alignleft size-medium wp-image-1636\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/veteran-family-web-300x201.jpg\" alt=\"Print\" width=\"300\" height=\"201\" data-id=\"1636\" /></a>According to a recent U.S. Census survey, there are nearly 300,000 veterans currently living in Oklahoma. These courageous men and women need access to programs and services that can help them start a new life after service to their country. </span>\r\n\r\n<span style=\"font-family: \'Calibri\',sans-serif;\">REI in partnership with BancFirst and USDA Rural Development are offering the <strong>Housing America’s Heroes</strong> program that honors veterans for their service to by providing them with up to $5,000 toward down payment and closing costs for the purchase of a home. The program offers down payment and closing costs to qualified first-time homebuyers.</span>\r\n\r\n<strong>Eligibility Requirements for Applicants:</strong>\r\n<ol>\r\n 	<li>Must be an Honorably Discharged Veteran with a DD214</li>\r\n 	<li>Must be a first-time home buyer</li>\r\n 	<li>Household income must be at or below 80% of the Area Median Income as defined by Federal Home Loan Bank of Topeka. <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/HAH-Income-Limits.jpg\" target=\"_blank\" rel=\"noopener\">Click here to see Income Limits</a>.</li>\r\n 	<li>Borrower must pay at least $500 out of pocket.</li>\r\n 	<li>Homebuyer Education is required through the following online course: REGISTER AT <a href=\"http://www.ehomeamerica.org/reiok\" target=\"_blank\" rel=\"noopener\">www.ehomeamerica.org/reiok</a></li>\r\n</ol>\r\n&nbsp;\r\n\r\nFor more information about the program, contact the <a href=\"https://www.bancfirst.com/\" target=\"_blank\" rel=\"noopener\">BancFirst</a> Mortgage Loan Officer nearest you, local <a href=\"https://www.rd.usda.gov/\" target=\"_blank\" rel=\"noopener\">USDA Rural Development</a> office or give us a call at 800.658.2823.', 'Housing America’s Heroes', '', 'private', 'closed', 'closed', '', 'housing-americas-heroes', '', '', '2020-03-24 18:55:45', '2020-03-24 18:55:45', '', 0, 'http://reidownpayment.org/?page_id=1635', 2, 'page', '', 0),
(1636, 2, '2017-01-17 21:31:01', '2017-01-17 21:31:01', '', 'Print', '', 'inherit', 'open', 'closed', '', 'print', '', '', '2017-01-17 21:31:01', '2017-01-17 21:31:01', '', 1635, 'http://reidownpayment.org/wp/wp-content/uploads/2017/01/veteran-family-web.jpg', 0, 'attachment', 'image/jpeg', 0),
(1637, 2, '2017-01-17 21:37:09', '2017-01-17 21:37:09', '<span style=\"font-family: \'Calibri\',sans-serif;\">According to a recent U.S. Census survey, there are nearly 300,000 veterans currently living in Oklahoma. These courageous men and women need access to programs and services that can help them start a new life after service to their country. </span>\r\n\r\n<span style=\"font-family: \'Calibri\',sans-serif;\">REI in partnership with BancFirst and USDA Rural Development are offering the Housing America’s Heroes program that honors veterans for their service to by providing them with up to $5,000 toward down payment and closing costs for the purchase of a home. The program offers down payment and closing costs to qualified first-time homebuyers.</span>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/veteran-family-web.jpg\"><img class=\"alignleft size-medium wp-image-1636\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/veteran-family-web-300x201.jpg\" alt=\"Print\" width=\"300\" height=\"201\" data-id=\"1636\" /></a><strong>Eligibility Requirements for Applicants:</strong>\r\n<ol>\r\n 	<li>Must be an Honorably Discharged Veteran with a DD214</li>\r\n 	<li>Must be a first-time home buyer</li>\r\n 	<li>Household income must be at or below 80% of the Area Median Income as defined by Federal Home Loan Bank of Topeka. Click here to see Income Limits.</li>\r\n 	<li>Borrower must pay at least $500 out of pocket.</li>\r\n 	<li>Homebuyer Education is required through the following online course: REGISTER AT <a href=\"http://www.ehomeamerica.org/reiok\" target=\"_blank\">www.ehomeamerica.org/reiok</a></li>\r\n</ol>\r\nFor more information about the program, contact the BancFirst Mortgage Loan Officer nearest you, local USDA Rural Development office or give us a call at 800.658.2823.', 'Housing America’s Heroes', '', 'inherit', 'closed', 'closed', '', '1635-revision-v1', '', '', '2017-01-17 21:37:09', '2017-01-17 21:37:09', '', 1635, 'http://reidownpayment.org/1635-revision-v1/', 0, 'revision', '', 0),
(1638, 2, '2017-01-17 21:37:25', '2017-01-17 21:37:25', '', 'HAH Income Limits', '', 'inherit', 'open', 'closed', '', 'hah-income-limits', '', '', '2017-01-17 21:37:25', '2017-01-17 21:37:25', '', 0, 'http://reidownpayment.org/wp/wp-content/uploads/2017/01/HAH-Income-Limits.jpg', 0, 'attachment', 'image/jpeg', 0),
(1639, 2, '2017-01-17 21:42:48', '2017-01-17 21:42:48', '<span style=\"font-family: \'Calibri\',sans-serif;\">According to a recent U.S. Census survey, there are nearly 300,000 veterans currently living in Oklahoma. These courageous men and women need access to programs and services that can help them start a new life after service to their country. </span>\n\n<span style=\"font-family: \'Calibri\',sans-serif;\">REI in partnership with BancFirst and USDA Rural Development are offering the <strong>Housing America’s Heroes</strong> program that honors veterans for their service to by providing them with up to $5,000 toward down payment and closing costs for the purchase of a home. The program offers down payment and closing costs to qualified first-time homebuyers.</span>\n\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/veteran-family-web.jpg\"><img class=\"size-medium wp-image-1636 alignleft\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/veteran-family-web-300x201.jpg\" alt=\"Print\" width=\"300\" height=\"201\" data-id=\"1636\" /></a><strong>Eligibility Requirements for Applicants:</strong>\n<ol>\n 	<li>Must be an Honorably Discharged Veteran with a DD214</li>\n 	<li>Must be a first-time home buyer</li>\n 	<li>Household income must be at or below 80% of the Area Median Income as defined by Federal Home Loan Bank of Topeka. <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/HAH-Income-Limits.jpg\" target=\"_blank\">Click here to see Income Limits</a>.</li>\n 	<li>Borrower must pay at least $500 out of pocket.</li>\n 	<li>Homebuyer Education is required through the following online course: REGISTER AT <a href=\"http://www.ehomeamerica.org/reiok\" target=\"_blank\">www.ehomeamerica.org/reiok</a></li>\n</ol>\n&nbsp;\n\nFor more information about the program, contact the <a href=\"https://www.bancfirst.com/\" target=\"_blank\">BancFirst</a> Mortgage Loan Officer nearest you, local <a href=\"https://www.rd.usda.gov/\" target=\"_blank\">USDA Rural Development</a> office or give us a call at 800.658.2823.', 'Housing America’s Heroes', '', 'inherit', 'closed', 'closed', '', '1635-autosave-v1', '', '', '2017-01-17 21:42:48', '2017-01-17 21:42:48', '', 1635, 'http://reidownpayment.org/1635-autosave-v1/', 0, 'revision', '', 0),
(1640, 2, '2017-01-17 21:39:51', '2017-01-17 21:39:51', '<span style=\"font-family: \'Calibri\',sans-serif;\">According to a recent U.S. Census survey, there are nearly 300,000 veterans currently living in Oklahoma. These courageous men and women need access to programs and services that can help them start a new life after service to their country. </span>\r\n\r\n<span style=\"font-family: \'Calibri\',sans-serif;\">REI in partnership with BancFirst and USDA Rural Development are offering the <strong>Housing America’s Heroes</strong> program that honors veterans for their service to by providing them with up to $5,000 toward down payment and closing costs for the purchase of a home. The program offers down payment and closing costs to qualified first-time homebuyers.</span>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/veteran-family-web.jpg\"><img class=\"alignleft size-medium wp-image-1636\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/veteran-family-web-300x201.jpg\" alt=\"Print\" width=\"300\" height=\"201\" data-id=\"1636\" /></a><strong>Eligibility Requirements for Applicants:</strong>\r\n<ol>\r\n 	<li>Must be an Honorably Discharged Veteran with a DD214</li>\r\n 	<li>Must be a first-time home buyer</li>\r\n 	<li>Household income must be at or below 80% of the Area Median Income as defined by Federal Home Loan Bank of Topeka. <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/HAH-Income-Limits.jpg\" target=\"_blank\">Click here to see Income Limits</a>.</li>\r\n 	<li>Borrower must pay at least $500 out of pocket.</li>\r\n 	<li>Homebuyer Education is required through the following online course: REGISTER AT <a href=\"http://www.ehomeamerica.org/reiok\" target=\"_blank\">www.ehomeamerica.org/reiok</a></li>\r\n</ol>\r\nFor more information about the program, contact the <a href=\"https://www.bancfirst.com/\" target=\"_blank\">BancFirst</a> Mortgage Loan Officer nearest you, local <a href=\"https://www.rd.usda.gov/\" target=\"_blank\">USDA Rural Development</a> office or give us a call at 800.658.2823.', 'Housing America’s Heroes', '', 'inherit', 'closed', 'closed', '', '1635-revision-v1', '', '', '2017-01-17 21:39:51', '2017-01-17 21:39:51', '', 1635, 'http://reidownpayment.org/1635-revision-v1/', 0, 'revision', '', 0),
(1641, 2, '2017-01-17 21:41:24', '2017-01-17 21:41:24', '<span style=\"font-family: \'Calibri\',sans-serif;\">According to a recent U.S. Census survey, there are nearly 300,000 veterans currently living in Oklahoma. These courageous men and women need access to programs and services that can help them start a new life after service to their country. </span>\r\n\r\n<span style=\"font-family: \'Calibri\',sans-serif;\">REI in partnership with BancFirst and USDA Rural Development are offering the <strong>Housing America’s Heroes</strong> program that honors veterans for their service to by providing them with up to $5,000 toward down payment and closing costs for the purchase of a home. The program offers down payment and closing costs to qualified first-time homebuyers.</span>\r\n\r\n<a href=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/veteran-family-web.jpg\"><img class=\"alignleft size-medium wp-image-1636\" src=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/veteran-family-web-300x201.jpg\" alt=\"Print\" width=\"300\" height=\"201\" data-id=\"1636\" /></a><strong>Eligibility Requirements for Applicants:</strong>\r\n<ol>\r\n 	<li>Must be an Honorably Discharged Veteran with a DD214</li>\r\n 	<li>Must be a first-time home buyer</li>\r\n 	<li>Household income must be at or below 80% of the Area Median Income as defined by Federal Home Loan Bank of Topeka. <a href=\"http://reidownpayment.org/wp/wp-content/uploads/2017/01/HAH-Income-Limits.jpg\" target=\"_blank\">Click here to see Income Limits</a>.</li>\r\n 	<li>Borrower must pay at least $500 out of pocket.</li>\r\n 	<li>Homebuyer Education is required through the following online course: REGISTER AT <a href=\"http://www.ehomeamerica.org/reiok\" target=\"_blank\">www.ehomeamerica.org/reiok</a></li>\r\n</ol>\r\n&nbsp;\r\n\r\nFor more information about the program, contact the <a href=\"https://www.bancfirst.com/\" target=\"_blank\">BancFirst</a> Mortgage Loan Officer nearest you, local <a href=\"https://www.rd.usda.gov/\" target=\"_blank\">USDA Rural Development</a> office or give us a call at 800.658.2823.', 'Housing America’s Heroes', '', 'inherit', 'closed', 'closed', '', '1635-revision-v1', '', '', '2017-01-17 21:41:24', '2017-01-17 21:41:24', '', 1635, 'http://reidownpayment.org/1635-revision-v1/', 0, 'revision', '', 0);
