FHA Fast 100

Highlights include:

• FHA DPA
• Purchase Only
• 2/1 Buydown optional available (24-month term)
• No maximum income restrictions
• Min FICO 620 – DU Approve/Eligible (no manual underwriting)
• No First Time Home Buyer Requirement
• Non-occupied Co-borrowers allowed per FHA guides
• DTI – Follow AUS – Approved/Eligible
• One borrower must complete HUD approved counseling
• 96.5% Max LTV with 3.5% DPA (100% CLTV)
• Zero payment on the 2nd TD
• Second Mortgage lien forgiven after 10 years
• Conforming and High Balance Loan Limits Available
• Borrower’s minimum contribution of $0.00
• 100% CLTV FHA Loan (Combines 1st and Subordinate Lien)

FHA Fast 100 Plus

Highlights Include:

• We offer all the same Highlights as the Fast 100 with the exception of Loan Payment terms. 
• 100% CLTV FHA Loan (Combines 1st and Subordinate Lien)
• 2nd lien with an interest rate 2% greater than 1st lien
  
  • Payment amortized over 10 years
  • Monthly payments required
• Min FICO 620 – DU Approve/Eligible
• Manual Underwrite Available, Min FICO 660
  
  • Not available with Buydown option
  • Follows FHA guidelines
• Conforming and High Balance Loan Limits Available

FHA Fast 100+ Supreme

Highlights include:

• FHA DPA, Purchase Only
• 101.5% CLTV FHA Loan (Combines 1st and Subordinate Lien)
• 2nd lien with an interest rate 2% greater than 1st lien
  • Payment amortized over 10 years
  • Monthly payments required
• 2/1 Buydown option available (24 month term)
• Min FICO 620 – DU Approve/Eligible
• Cash back not allowed to buyer from DPA proceeds
• Manual Underwrite Available, Min FICO 660
  • Not Available with Buydown option
  • Follows FHA guidelines
• No Maximum Income Restrictions
• Borrower’s minimum contribution of $0.00
• No First Time Home Buyer Requirement
• Conforming and High Balance Loan Limits Available

Available on TheTrack, our TPO portal technology where you can register, submit, and disclose in minutes.