.5% Low Down Payment Purchase Program
- As little as .50% down! (for a FHA buyer)
- Not limited to first time homebuyers
- FHA, VA & USDA loan products
- 620 minimum FICO for FHA & VA, 640 for USDA
- Owner Occupied primary residences
- Flips less than 90 days OK (must follow lender flip policy)
- GRANT-3% of total first loan amount
- NOT a second lien! Proceeds can be used for: down payment, closing costs, prepaid item and earnest money.
- Buyers gross income must not exceed county income limits. (Income is based on only the person who is on the loan NOT the number of people living in the household.)
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