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AMP Mortgage
AMPOSSIBLE DPA
Solutions for borrowers who may lack down payment funds
96.5% FHA financing with 3 DPA options
Forgivable silent second. Forgivable after 10 years
Funds never run out
Non-occupant co-borrowers allowed
Min. 600 FICO*
Primary residence requirement / 60-day occupancy
No first-time homebuyer requirement
No income limitations
Single-family residences, townhouses, condos, PUDs, 2-unit, and manufactured homes**** permitted
No max DTI with AUS approval**
DPA reimbursed at 100% at purchase
FHA 30 or 25-year terms, conforming & high balance***
Homebuyer education required
10-year fully amortizing second mortgage at rate + 2%
Available in all licensed states
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