100% CLTV, DPA Program For FHA
FHA Fast 100
Highlights include:
- FHA DPA
- Purchase Only
- 2/1 Buydown optional available (24-month term)
- No maximum income restrictions
- Min FICO 620 – DU Approve/Eligible (no manual underwriting)
- No First Time Home Buyer Requirement
- Non-occupied Co-borrowers allowed per FHA guides
- DTI – Follow AUS – Approved/Eligible
- One borrower must complete HUD approved counseling
- 96.5% Max LTV with 3.5% DPA (100% CLTV)
- Zero payment on the 2nd TD
- Second Mortgage lien forgiven after 10 years
- Conforming and High Balance Loan Limits Available
- Borrower’s minimum contribution of $0.00
- 100% CLTV FHA Loan (Combines 1st and Subordinate Lien)