Eligible to be used with these Loan Products:
FHA
VA
USDA Rural Development
Assistance forgivable after 10 years of ownership!
Key Program Requirements:
Funds can be used towards:
- Down Payment
- Closing Costs
- Pre-Paid Taxes
- Pre-Paid Insurance
- Other fees & expenses
Owner Occupied – 1 Unit Homes
- Single Family
- Condominiums/Townhomes
- Manufactured Homes are not eligible
- Minimum 640 Fico Score
- Does not have to be First-Time Homebuyer.
- No Bankruptcies and/or Foreclosures in prior 7 years
- All Judgements must be cleared
- Debt Repayment and IRS Repayment plans must be fully paid to be eligible
- Homeownership Counseling is required