• FHA loan covers 96.5% of the purchase price
• Second lien covers 3.5% or 5% for down payment or closing costs
• Minimum credit score: 600 (660 for manual underwriting)
• No first-time buyer requirement
• No max DTI with DU/LP approval
• Homebuyer education required (Fannie Mae HomeView – free online)
• Non-occupant co-borrowers allowed
• Eligible properties: Single-family homes, duplexes (2 units), PUDs, condos (agency approved), townhomes, manufactured homes allowed (except single-wides)

• 30-year fixed-rate conventional mortgage
• Second lien offers up to 4% for down payment assistance
• Max LTV/CLTV: 97% / 105%
• Income limit: Up to 140% of area median income (AMI)
• Minimum credit score: 660
• DTI: Lesser of 50% or AUS approval
• Eligible properties: Single-family detached or attached homes, single-family homes with accessory units (must be zoned single-family), PUDs and condominiums, rural properties (must be residential in nature)

Program Highlights

• First-time buyers or Veterans
• FHA, VA, USDA, or Conventional loans
• 30-year fixed term
• Up to 4% forgivable DPA for down payment/closing costs
• Forgiven after 10 years (phased out after year 5)
• Option for lower rates without DPA
• No refinances (except construction-to-permanent or short-term bridge)
• Minimum 640 credit score (higher in some cases)
• DTI up to 45% (50% with 680+ score on FHA/GSE)
• Income limits apply by county and household size

Program Highlights

• Open to first-time and repeat buyers
• Higher income and purchase price limits than First Place
• FHA, VA, USDA, or Conventional loans
• 30-year fixed terms
• Up to 4% forgivable DPA (fully forgiven after 10 years)
• Lower rate option if you skip DPA
• Can pair with a Mortgage Credit Certificate (MCC) for up to $2,000/year in tax credits
• Eligible properties: single-family, townhomes, condos, duplexes (5+ yrs), manufactured homes on permanent foundation
• Must occupy within 60 days of closing
• Credit score: 640+ (680+ for higher DTI flexibility)
• Income limits apply by county and household size

Program Highlights

• First-time buyers only (some exceptions)
• Credit equals 25%, 35%, or 45% of mortgage interest (max $2,000/yr)
• Reduces federal tax bill and effective monthly payment
• Can be used with FHA, VA, USDA, or Conventional 30-year loans
• Works with Next Step Program (DPA or no DPA)

• • 25% credit for stand-alone MCC

  • 35% credit with Next Step + DPA

  • 45% credit with Next Step, no DPA

• Must meet income, purchase price, and credit score limits
• Not available on refinances (except construction-to-permanent/short-term bridge)