The 100% program is to help as many home buyers as possible achieve their dream of home ownership through a 3.5% Down Payment Assistant (DPA) program.
Program Guidelines Summary
Funds for the down payment will be funded as a second loan based on the property value/purchase price. To qualify for this down payment assistance (DPA), the term of the second trust loan is 10 years and can be repaid at any time.
- First mortgages – FHA 30 year fixed
- Second mortgages – 3.5% of the sales price or appraised value
- DTI Ratio – 56%
- Crédito – Puntaje FICO mínimo 600
Employee W-2
Self-Employed