Qualified home buyers now have the opportunity to purchase a home with $0 in down payment and additional assistance to reduce overall closing costs. The program also offers affordable monthly payments with no mortgage insurance on the first mortgage and interest-only payments on the second mortgage.
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97% LTV* FIRST MORTGAGE
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4% DOWN PAYMENT ASSISTANCE
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* First-time buyer requirement for conventional underwrite over 95% LTV. No first-time buyer requirement for HomeReady® underwrite.
** Allows up to 105% CLTV when combined with additional DPA programs that meet FNMA Community Second guidelines.
** Allows up to 105% CLTV when combined with additional DPA programs that meet FNMA Community Second guidelines.