INNOVATIVE DOWN PAYMENT ASSISTANCE PROGRAM
Helping borrowers get 100% CLTV on FHA loans.
Program Highlights:
- FHA DPA
- Purchase Only
- Min FICO 580 - DU Approve/Eligible
- Non-occupied Co-borrowers allowed per FHA guides
- DTI- Follow AUS - Approve/Eligible
- One borrower must complete HUD approved counseling
- 96.5% Max LTV with 3.5% DPA (100% CLTV)
- No Income Limits
- Second Mortgage line forgiven after 10 years