Transcription of with Down Payment Assistance GRANT OR Zero …
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with Down Payment Assistance GRANT OR Zero …
Tip: To find specific information for a product, Press Ctrl+F (or use Find from the Edit Menu) and then search for the information or topic you are looking for. If you don't find the topic the first time, try variations, different terms or less words. with Down Payment Assistance GRANT OR Zero Percent 2nd Mortgage loan DPA. FOR CASES ASSIGNED ON OR AFTER 9/14/15. For Retail, must be referred to AFS for Origination ( loan cannot be originated by branch). DPA options subject to change based on market conditions Must confirm availability with Housing Authority. 30 Year Fixed LTV CLTV Purpose Units Occupancy Credit Score 1. 105 Purchase 1 O/O 620. 1. On purchases, the CLTV is further limited to 100% (of the adjusted value) or the standard FHA LTV limit ( ). (depending on the type of financing) if the subordinate lien is NOT from an instrumentality of government or government agency that is providing down Payment and/or closing cost Assistance in the form of secondary financing.
Colorado CHFA FHA Product Profile 3 of 35 08/07/2018 considered “secured borrowed funds” • On the loan application, Question H “Is any part of the down payment borrowed”
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