Program Details
- Significant reduction in payment and rate
- Credit for all or part of appraisal cost
- Reduced fees on smaller loan amounts
- Relaxed guidelines allowing for higher debt and lower credit scores
The Fine Print
- Income limit: 80% of the area median income
- Available on certain government-backed loans
- Exceptions for certain recent late payments
- Single Family, owner occupied only
- Eligibility requirements, exclusions and other terms and conditions apply