Lakeview No MI with Community Second

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)

DPA

Designed for Customers:

  • Buyers with good credit but not enough funds to cover entire cash-to-close.
    They just need a little assistance.
  • Buyers with good credit who have funds for cash-to-close, but would rather keep some of it for emergency fund, improvements, repairs, furniture, etc.

Give Your Clients More Flexibility

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:

  • Emergency savings fund
  • New furniture or appliance
  • Home improvements or repairs
  • Paying off student debt or credit cards
  • Saving for retirement or college

*First-time buyer requirement for conventional underwrite over 95% LTV. No first-time buyer requirement for HomeReady underwrite.

Contact Us to Learn More

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