101.5% CLTV Down Payment Assistance: A New Opportunity For Home Buyers

Date:

Share post:


Purchasing a home just became more achievable with this program. It offers flexible financing options and down payment assistance to support your homeownership goals. With minimal upfront costs and competitive requirements, this program makes owning a home more accessible.

Program Highlights:

  • 101.5% CLTV – Includes 96.5% First Mortgage and 5% Down Payment Assistance (DPA).
  • 5% DPA – Helps cover closing costs, making homeownership more accessible.
  • 5% Max DTI – Flexible debt-to-income ratio for manual underwriting.
  • Eligible Property Types – Single-family homes, 2 units, condos, and manufactured homes.
  • 600 Minimum FICO – For borrowers using an FHA or USDA first mortgage.
  • First-Time Homebuyer Not Required – Open to all eligible buyers.
  • FHA 30-Year Fixed Mortgage – Offers stable payments and competitive interest rates.
  • No Income Limits – Available to borrowers at any income level.
  • Non-Occupant Co-Signers Allowed –Non-Occupant Income is not used to determine income eligibility.
  • DACA Borrowers Eligible – Welcoming DACA recipients.

Contact us today to connect with a MortgageDepot loan officer, discuss your eligibility, and receive guidance throughout the application process.

https://www.highcpmgate.com/f0c2i8ki?key=d7778888e3d5721fde608bfdb62fd997

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

A Manager’s Guide to Supporting Employees Impacted by Natural Disasters

Natural disasters are becoming increasingly frequent and severe, with devastating consequences for both individuals and communities around...

Poll Shows Americans Aren’t On Board – Investorempires.com

<!-- Poll Shows Americans Aren’t On Board – Investorempires.com ...

Check Out These Charts from the Early 1900s

Today we’ll take a brief look at some mortgage rate history to gain a little context for...