DPA 100% Financing

Highlights:

• FHA DPA, Purchase Only

• 2/1 Buydown option available (24-month term)

• Min FICO 620 - DU Approve/Eligible

• Manual Underwrite Available, Min FICO 660

  • Not available with Buydown option

  • Follows FHA guidelines

• No Maximum Income Restrictions

• No First Time Home Buyer Requirement

• Non-occupied Co-borrowers allowed per FHA guides

• DTI - Follow AUS - Approved/Eligible

• One borrower must complete HUD approved counseling

• 96.5% Max LTV with 3.5% DPA (100% CLTV)

• Loan Amount to Conforming Limits

• 2nd Lien is a zero percent (0.00%) Note rate, Fully Amortized over 30 years, with a Forgivable Option

• High Balance Not Allowed

Restrictions may apply, please talk with your Loan Officer for details.

APA Mortgage is not affiliated with or acting on behalf of or at the direction of the Federal Housing Administration, Veterans Administration, United States Department of Agriculture, or the Federal Government.

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