| Loan Purpose |
Purchase transactions |
Purchase transactions |
| Eligible properties |
Owner occupied, primary residences
Maximum 2 units
New construction or existing properties |
Owner occupied, primary residences
Maximum 2 units
New construction or existing properties |
| Amortization options |
Up to 40 year amortization available |
Up to 40 year amortization available |
| Eligible Borrowers |
Minimum 710 Beacon Score |
Minimum 680 Beacon Score
No Prior Bankruptcies |
| Insurance Surcharge |
Up to 25 years 3.1%
Up to 30 years 3.3%
Up to 35 years 3.5%
Up to 40 years 3.7% |
Up to 25 years 3.1%
Up to 30 years 3.3%
Up to 35 years 4.5%
Up to 40 years 4.7% |
| Closing Costs |
Appx. 1.5% Own resources |
Appx. 1.5% Own resources |
| Early Payout Penalties |
3 Months Interest or IRD |
3 Months Interest or IRD |
