This Down Payment Assistance Program, borrower must hold an appropriate credential for a teacher, administrator or staff member or be employed as a classified employee of a school district.
Income Limits Apply
| Credit score: | 660 |
| Property type: | SFR |
| Occupancy: | Primary residence |
| Down Payment: | No minimum borrower contribution |
| Loan to Value: | 96.5% Max. CLTV: 105% |
| Gift Funds | Allowed. No minimum buyer contribution |
| Closing cost: | Seller and/or lender can pay up to % |
| Debt Ratio: | 45% |
| Income Limits: |
- Condos must be FHA approved
- Lender-Paid Closing Cost Program available
- Bankruptcy 4 yrs, Foreclosure 7 yrs, Short Sale 4 yrs (standard)
- Must be first time home buyer
- Home buyer education is required
- 100% gift for closing funds allowed
- Mortgage reserves required based on AUS results
- Second Loan to be the greater of 4% of Purchase Price or $7500
- This program can be combined with other down payment assistance programs.
- Printable Flyer
All program are subject to change at any time without any further notice