DOWN PAYMENT ASSISTANCE OPPORTUNITIES

• Down payment assistance can cover up to the lesser of 3% or $15,000 of the down payment
• This is a second lien iwhich becomes a balloon payment upon refinance or final payment of the mortgage, or a payoff when selling home
• No required monthly payment on the second lien
• Second lien does not accrue interest
• Down payment assistance cannot be used for closing costs
• All Home Possible® or HomeOne® guidelines must be met, based on borrower eligibility
• Minimum FICO credit scores of 620 or 700 depending on which program borrower qualifies for.  Please contact loan officer for more information.
• 0% Down Purchase - Home Possible® = 620 FICO
• 0% Down Purchase - HomeOne® = 700 FICO