Alternative Path Toward Homeownership - 96.5% LTV
🚀Achieve homeownership through Ownership Equity with a 10-year lease agreement - Use and enjoy the home as your own. At any time you can buy the home at a price that was fixed when the contract was signed.
Benefits: 3.5 % down payment (9.5% APR)
Highlights:
✓ Time to improve your credit profile and apply for a traditional mortgage loan
✓ ITIN and DACA - OK
✓ Condos with FHA approved
✓ Modular and Manufactured - OK
✓ Primary home only - Owner Occupied
✓ At least one FICO - Min 580
✓ DTI 50/60
✓ Minimum of two trade lines of at least 12 months no lates
✓ 12 months acceptable case per case review
✓ Alternative credit such as utilities, medical, or housing expenses - OK
✓ Borrowers with No Credit Score - Case per case review
✓ 12 months of documented verification of housing history
✓ 2 months bank statements
✓ Gift Funds - OK