This program follows Hud guidelines!

·    3.5% down

·    620 Min fico

·    DTI Max 46.99/54.99 – this is the only overlay

·    100% gift acceptable

·    No W2’s, paystubs, 4506, or transcripts

·    Borrower must be at job for at least 2yrs

·    Employer must be easy to find online via 3^rd party web presence (google, manta, etc..)

·    Employer’s business license must be at least 2yrs old

·    Income has to make sense, we use Salary.com to find the national salary range for the position

This is perfect for borrowers who have a hard time proving their income

·    Bar Tenders

·    Servers

·    Construction workers

·    Tow truck drivers

·    Nail/ Hair tech’s

We offer 100% CLTV financing with FHA Down Payment Assistance, with very aggressive pricing!

There are 2 options for this program, A repayable 2^nd or a Silent 2^nd

·        600 min fico

·        2% BPC max origination

·        No income limits

·        2nd mortgage on both options is 10yrs/120 months

·        The Silent 2^nd requires 100% on time payments, if 1 payment is missed the 10yrs start over!

·        The Repayable 2^nd carries a 2% higher rate that the 1^st

·        Not Available in NY, MA, or WA

·        DTI is based on DU passing (57% backend seems to be the max)

·        We take care of creating the 2^nd internally

·        Only 1 Borrower must complete Home education course (8hrs)

·        The 3.5% would be due if the borrower Refi’s, or sells