The program is a grant which may be used for down payment or closing cost assistance. This is a grant with no repayment required. Grant options goes from 3-4-5% from the first loan amount.
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Income Limits Apply
Income Limits Apply
| Credit score: | 640 minimum |
| Property type: | SFR, PUD, Condo |
| Occupancy: | Primary residence |
| Down Payment: | no minimum borrower contribution required |
| Loan to Value: | 97% CLTV: 105% |
| Gift Funds | Allowed. No minimum buyer contribution. |
| Closing cost: | Seller and/or lender can pay up to 6% |
| Debt Ratio: | 45% |
| Income limits: | Income Limits Apply |
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Additional Notes:
- Condos must be Freddie Mac approved
- Can be combined w/ affordable seconds
- Impounds are not optional
- Bankruptcy 4 yrs, Foreclosure 7 yrs, Short Sale 4 yrs
- First time buyer not required. Must be primary residence
- Homebuyer Education is required
- Manufactured homes require 660 credit score
- Mortgage reserves are not required
- Up to 5% combined assistance
This page contains program highlights only. See sidebar links for further information and details.