LITTLE OR NO DOWN PAYMENT REQUIRED

• Finance up to 100% of the sales price
• Progam allows up to 6% closing assistance
• Down payment assistance contributions are eligible

LOW MONTHLY PAYMENTS

• Competitive Rates
• No mortgage insurance options available
• Interest only options available

ELIGIBLE MORTGAGE PRODUCTS

• Fixed Rates on a 30 or 40 year term
• 5/1, 7/1, and 10/1 fully amortized arms

ELIGIBLE PROPERTY TYPES

• Single family homes
• Low rise condos
• High rise condos

EXPANDED CREDIT CRITERIA

• Credit scores under 620 allowed if compensating factors exist
• No reserve requirements

NO CREDIT HISTORY? NO PROBLEM!

• Non traditional trade lines (utilities, cell phone bills, etc) rated for at least the past 12 months can be used for borrowers with no credit history
• Minimum 3 non traditional trades including 12 month rental history (if available)
• No rental history required with 4 non traditional trades rated for 12 months