O% Down Payment Assistance Program

• Down payment assistance that can give you up to 100% financing
  on your purchase.
• Up to 6% seller concessions
• UW fee WAIVED $ 1,195.00
• 620 min fico score with 48.99% max DTI – DU approved/eligible only * No LP findings.
• SFR or 2 units and Manufactured homes.
• The DPA monies are Grant funds – Completely forgivable Grant from day 1 and has No Repayment nor Pre-payment Penalties. FREE MONEY !!!!
• On the 1003, Please list the DPA as a Non-Deposited Gift, then Run AUS & Put a gift /grant under the “source of down payment “.
• Max loan size SFR $ 726,200.00 & 2 Unit $ 929,850.00 (Depends on FHA county
  limits)

Qualification:

• • 1 borrower must qualify through ONE of the following options:
    o 1st Time Home Buyer
    o Borrower have ever done ANY type of volunteering work or Non-Paid: ** any time in borrower life – automatically qualify – call me for questions
  • Or Any Borrower on the loan application is a current, retired OR from list below:
    o First responder (police officer, firefighter, public safety officer, paramedic, Nurse, emergency
    medical technician (EMT) or similar
    o Educator (Sunday school teacher, tutor, day care provider)
    o Medical personnel (nurse, doctor, phlebotomists, health ambassador, or hospital, American Red
    Cross worker, or similar)
    o Civil servant in a Federal, state, or local municipality – Current/former
    o Military personnel – On Verification part, Borrower just needs to sign the attached.
    o “Empowered Down Payment Assistance Application“

o Less than or equal to 140% of the Fannie Mae median income limits (being over the limit doesn’t disqualify if a borrower meets another requirement)

Area Median Income Lookup Tool (fanniemae.com)

Requirement of Program:

• 1 borrower must complete a Homeownership Counseling Course:
  link - https://frameworkhomeownership.org/get-started/