Mortgage Purchase Program
|LOAN TIME LINE REQUIREMENTS||
|ELIGIBLE LOAN TYPES||
|AVAILABLE DOWN PAYMENT ASSISTANCE||
|INCOME LIMIT CRITERIA||
|HOME ACQUISITION LIMITS||
|HOME BUYER EDUCATION||
|FICO SCORE REQUIREMENT||
|FORMS AND DOCUMENTATION||
|THE MASTER SERVICER||
Current Rates* – Reservation Locks are available on business days from 10 am-8 pm EDT
w/o Purchase Assistance
with 3% Purchase Assistance
McHAF First Mortgage Rate
|MPP FHA (640 Fico)||5.250%||6.000%||n/a|
|Fannie Mae & Freddie Mac Conventional 95 Loans (LTV up to 95%)||5.375%||6.125%||n/a|
|Fannie Mae & Freddie Mac Conventional 97 Loans (LTV 95.01% – 97%)||5.500%||6.250%||n/a|
- No origination or discount points allowed
- Option 1 rate has no downpayment assistance
- Option 2 rate has 3% of the Purchase Price as downpayment assistance
- Must be reserved online
- Montgomery County Closing Cost Assistance Loan – “5 for 5” – for information contact the HOC team.
The following is a list of Approved Lenders (both US Bank & HOC) and attended Program Training:
- Academy Mortgage Corp.
- Apex Home Loans, Inc.
- Caliber Funding LLC.
- Embrace Home Loans, Inc.
- Fairway Independent Mortgage Corporation
- Fidelity Bank, National Association
- First Home Mortgage Corp
- HomeBridge Financial Services, Inc.
- Lennar Mortgage, LLC
- Lower, LLC ( previously Homeside Financial LLC.)
- Mortgage Access Corp
- Movement Mortgage, LLC
- NFM, Inc. dba NFM Lending
- NVR Mortgage Finance, Inc.
- Presidential Bank, FSB
- PrimeLending, a Plains Capital Company
- Prosperity Home Mortgage, LLC
- Sandy Spring Bank
- TowneBank Mortgage
Interested in becoming a participating lender? Contact us.