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)