FHA WITH TRUE DOWN PAYMENT ASSISTANCE PROGRAM

  • 640 FICO MINIMUM
  • Manual underwrites allowed (40/50 DTI with 2 compensating factors)
  • 2nd’s are not a CALHFA or city second grants
  • 160% of the area Median income for your area
  • Debt to income ratios up to 55% with DU approval
  • Transferred appraisals OK
  • Single family residence OK (No Multiplex’s or Manufactured)
  • First Time Home buyer education is required
  • NON-Owner Occupied co-borrowers are allowed to help with income to debt ratios
  • Gift funds allowed for down payment
  • Unpermitted additions allowed (rental income not allowed)
  • ONE FICO Score allowed