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.

97% LTV* FIRST MORTGAGE
WITH NO MORTGAGE INSURANCE

• FNMA Conventional or HomeReady®
• No Mortgage Insurance
• 80.01-97% LTV* / Up to 105% CLTV**
• Purchase on primary residence only
• Income limits apply
• ​Homebuyer education required

4% DOWN PAYMENT ASSISTANCE
COMMUNITY SECOND MORTGAGE

• Down payment assistance up to 4% of purchaser price or appraisal value (lesser of)
• Interest only payments
• Uses same rate as first mortgage

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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.

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APPLY NOW