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AMP Mortage

Down Payment Assistance

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Solutions for borrowers who may lack down payment funds

 

 
 

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96.5% FHA financing with 3 DPA options

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Non-occupant co-borrowers allowed

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Funds never run out

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Primary residence requirement / 60-day occupancy

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Min. 600 FICO*

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Single-family residences, townhouses, condos, PUDs, 2-unit, and manufactured homes**** permitted

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No first-time homebuyer requirement

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No income limitations

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2-1 buydowns permitted*****

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No max DTI with AUS approval**

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DPA reimbursed at 100% at purchase

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FHA 30 or 25-year terms, conforming & high balance***

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Homebuyer education required

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10-year fully amortizing second mortgage at rate + 2%

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Available in all licensed states

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Forgivable silent second. Forgivable after 10 years

* 600 min. credit score and no DTI overlay with DU or LP approval

** No additional DTI cap beyond FHA guidelines. DTI up to 46.99% / 56.99%, subject to FHA AUS approval.

*** High balance not available in WA

**** No Single Wides

***** 2/1 Buydown available on the FHA 1st

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