Over 100% Financing with No Mortgage Insurance
Offer your clients up to 97% LTV with no mortgage insurance, plus DPA community second of up to 4% for down payment and closing costs.
(lesser of purchase price or appraised value)
On a $350,000 purchase, your clients could receive up to $14,000 to help with
down payment and closing costs. That’s $14,000 of assistance to help buy a home and $14,000 more of their own funds they can keep after closing for:
*First-time buyer requirement for conventional underwrite over 95% LTV. No first-time buyer requirement for HomeReady underwrite.
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