103% Mortgage Purchasing Power.
For borrowers who have little cash and need some extra help to cover costs, it's offered as a 103% stand-alone or an 80/23 combo. It permits up to 3% seller-paid closing costs, including pre-paids. And, an interest only option on the 80%, or first loan, is available to borrowers with a 680 or better midscore FICO.
This is for purchase mortgages. And, borrowers who can fully document (paycheck stubs, W-2s or tax returns for self-employed) their incomes only need a midscore FICO of 620 or better to qualify. For more information, just click here.


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