Here is new information on the 1% down program.
  • Now using 80% AMI (Average Median Income) in Clark County, NV that is $65,360 or $73,520 in Indiana
  • Buyer needs 1% for down payment and investor will kick in 2% up to $4,000
  • All money for Down Payment and closing costs can come from a gift from a relative
  • Uses Home Possible Guideline
  • 30 Year Conventional Financing
  • Primary Residence only 1 Unit
  • 620 Minimum Credit Score

 

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