Choice DPA, Plus, & Select

DPA Programs Exclusive to Brokers Choice Mortgage

100% CLTV, DPA Program for FHA

100% CLTV DPA Loan Program

Down Payment Assistance Programs – DPA
FHA First Loan
Subordinated Second Loan (3.5%)
No Payment on the Second Loan
0% Rate
No Income Restrictions
2/1 Buydown Available
Manual Underwrite 660+ FICO, follows FHA Guidelines
Ask us about other exceptions that may be available
Conforming and High Balance Loan Limits Available

620 Minimum FICO

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
Borrower’s minimum contribution of $0.00
No First Time Home Buyer Requirement
Conforming and High Balance Loan Limits Available

No Income Limits

101.5% CLTV, (96.5% First + 5% DPA)
No FTB Requirement
Include Closing Costs (1.5%)
FHA 30-YR Fixed Purchase
Refer / Eligible OK
No Income Limits
1 – 2 Units, Primary Residence Only
620 Min FICO
660 Min FICO for Manual Underwrite

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