Zero Down Payment Loans available for first time home buyers. See if you are eligible.
“ADVANTAGE PROGRAM”: Down Payment Assistance
- 2% DPA to Cover Down Payment for FHA loans
- May be combined with up to 6% seller concession for closing costs
- No resale or borrower repayment restrictions
- No underwriting fees
- 580 Min FICO Score
- Maximum DTI is 48.99%
- Max Income is $102,060
CHENOA: FHA - Forgiveable Second
- 3.5% DPA to Cover Down Payment
- Must payback if sold or refinanced within the first 36 months
- Forgivable 2nd Mortgage after 36 consecutive payments on the 1st mortgage
- 620 Min FICO Score
- Max Income is $83,835
- Homebuyer Education Required for FICO 620 - 639
