This program is a fully amortized 30 year fixed mortgage combined with a zero interest program for down payment of closing cost assistance.
| Credit score: | 640 minimum |
| Property type: | SFR, PUD, Condo* |
| Occupancy: | Primary residence |
| Down Payment: | No minimum borrower contribution required |
| Loan to Value: | 97% CLTV Max. CLTV: 105% |
| Gift Funds | Allowed. |
| Closing cost: | Seller and/or lender can pay up to 6% |
| Debt Ratio: | 45% max |
| Income limits: | County Income Limits |
Additional Notes:
- Condos must be Fannie Mae approved
- Lender-paid closing cost available
- Impounds are not optional
- Bankruptcy 4 yrs, Foreclosure 7 yrs, Short Sale 4 yrs
- Condo max 95% LTV
- First time buyer not required. Must be primary residence
- Homebuyer Education is required
- Manufactured homes requires 660 score
- Mortgage reserves are not required
- Guest houses are allowed
- Up to 6.5% combined assistance
This page contains program highlights only. See sidebar links for further information and details.