The Open Doors Program Just Got Better

We’ve now added a conventional first option that allows your borrowers to receive up to 7.0% of the first loan amount in DPA and Closing Costs.

Program Features:

  • Conventional and FHA options:
    • Conventional: Up to 7.0% first  mortgage loan amount in the form of  a 3.5% deferred 2nd lien (0% interest) & up to 3.5% as an optional gift
    • FHA: Up to 6.5% first  mortgage loan amount in the form of  a 2.0% deferred 2nd lien (0% interest) & up to 4.5% as an optional gift
  • Not limited to first time homebuyers
  • 620 minimum FICO score (680 for FHA)
  • For the purchase of primary residences in CA
  • 55% Max DTI with AUS approval
  • Eligible Properties: 1 unit SFR, FHA & Gateway approved condos, PUDs, and townhomes.

Contact your Business Development Manager or Account Executive for full details.