Down Payment Assistance
- Program qualification based on borrower income only, not household income.
- Amount of assistance (up to 4%) is based on the lesser of the purchase price or appraised value, not the first mortgage loan amount.
- Available for LTVs between 80.01 – 97%*.
- Purchase of a primary residence only.
- Fannie Mae/Freddie Mac Conventional or HomeReady®/Home Possible® Conforming or High Balance/Super Conforming
- Program not available in all states.
Underwriting: Approve/Eligible or Accept/Eligible from DU/LPA; manual underwriting not permitted. Non-occupant, co-borrower/co-signer income not permitted.