FHA Mortgage Program
An FHA-based down payment assistance program offering up to 101.5% CLTV to cover down payment and closing costs, with no first-time homebuyer requirement.
Underwriting at a glance
- Minimum FICO
- 600+
- Max LTV (purchase / rate-term)
- 101.5%
- Max LTV (cash-out)
- -
- Loan amount
- -
- Documentation
- full-doc
- States
- most states
Highlights
- •101.5% CLTV including 1.5% for closing costs
- •No first-time homebuyer requirement
- •No household income limits
- •Forgivable second mortgage option with no payments
- •Eligible for manual underwrites with 660 FICO
- •101.5% CLTV (96.5% 1st + 5% 2nd)
- •Includes 1.5% for closing costs
- •Forgivable 2nd mortgage option with no payments
Want to see if you qualify?
Tell us about your scenario - we'll come back with current pricing and exact guidelines.
Program guidelines and rates can change at any time without notice. Last confirmed 6/9/2026. Not a commitment to lend.
Today's mortgage rates
Conventional
6.125%
6.164% APR
FHA
5.500%
5.531% APR
VA
5.500%
5.530% APR
Conv: 80% LTV, 780 FICO. FHA: 96.5% LTV, 680 FICO. VA: 100% LTV, 680 FICO. 30-yr fixed. Your rate may vary.