The Pathway For Homeownership Program Research program designed for every FHA purchase or refinance client. The program is not a Down Payment Assistance (DPA) program, which means no rate change, no refinance restrictions, and it provides nationwide* availability. Earned income , not a grant or a gift. There are no repayment requirements, no income limits, no credit score requirements, and no second liens.
Standard FHA 203B loan. Everything done in house. For purchase and refinance.
The Problem
Over 340,000 FHA homeowners are seriously delinquent.
An inverse relationship exists between the likelihood of default & savings; the risk is highest when savings are lowest.
The average FHA buyer moves in with minimal savings, increasing their risk of default.
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