Program Highlights:
- 100% CLTV FHA Loan (Combines 1st and Subordinate Lien)
- 2nd Lien with an interest rate 2% greater than 1st lien. Payment amortized over 10 years Monthly Payments required
- 600 Min FICO
- Borrower’s minimum contribution of $0.00
- Purchase Only
- No First Time Home Buyer Requirement
- Non-occupied Co-borrowers allowed per FHA guides
- One Borrower must complete HUD approved counseling
- 96.5% Max LTV with 3.5% DPA (100% CLTV)
- Loan Amount to Conforming Limits
- No Income Limits
