FHA 1st Combined with a 10-yr 2nd loan • Min. 600 FICO • No Income Limits

Home Loan

This loan is essentially a two-in-one package that starts off together. The first part is a standard 30-year FHA loan, which is backed by the government. The second part is a 10-year private loan that covers what would normally be the down payment. Together, they make up the full amount needed to purchase a home, with no initial down payment required from the buyer. Borrowers still need to consider closing cost and other housing expenses.

  • 600 Min. FICO
  • 96.5% LTV FHA 30 year Fixed 1st
  • Combined with a 3.5% LTV 10 year Fixed 2nd
  • No DTI overlay with DU approval
  • No income limit
  • No first-time homebuyer requirement
  • Non-occupant co-borrowers allowed
  • Conforming balance only
  • 2-1 temporary buydown option available
  • Product not available in NY, or WA

Eligible Properties:

    • Single Family Residences
    • 2 units – LLPA applies
    • PUDs
    • Townhouses
    • Condominiums – Must not be in litigation, Must be FHA Approved
    • Double wide manufactured housing OK


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