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[DOC File]Sample Short-Term Lease-Purchase Program Policies and ...
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Households must be able to obtain their own financing. Households should have sufficient funds for a down payment and closing costs. Non-household members are not permitted to be co-signers on the mortgage. Down Payment: Minimum down payment for this program is 3% of purchase price. At least 1.5% must come from buyer’s own liquid assets.
second home down payment amount

[DOCX File]Down-Payment Assistance - AHP Homeownership Center - …
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Borrower must be current and have an acceptable mortgage payment history. Standard 31/43 ratios, may be exceeded with compensating factor(s). Non-occupant co-borrowers may be added. Secondary Financing. If payments on the second are required, they must be included in the qualifying borrower unless deferred for a period of at least 36 months.
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[DOC File]FHA Refinance Comparison Matrix – FHA Secure
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The second is at time of purchase, when the financing organization will determine its own down payment and cash requirements. The lease-purchase developer can impose its own cash requirements, which can be incorporated in a savings requirement and/or a certain amount set aside from the monthly lease payment.
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[DOC File]Sample Application - Mass Access Housing Registry
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Jessica purchased a home on January 1, 2015 for $500,000 by making a down payment of $200,000 and financing the remaining $300,000 with a 30-year loan, secured by the residence, at 6 percent. During 2015 and 2016, Jessica made interest-only payments on the loan of $18,000 (each year).
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Fannie Mae Second Home Guidelines On Vacation Home Purchases
The borrower is eligible for 100 percent financing of the sales price and no down payment is required. (However, closing costs and prepaid expenses not paid by the seller must be paid by the borrower in cash or paid through premium pricing.) Maximum mortgage amounts are the same as …
down payment for house purchase

[DOC File]CHAPTER 2
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Down-Payment Programs Offered. by. Others. Throughout New York State. SONYMA Down Payment Assistance Loan (DPAL) In conjunction with SONYMA financing, receive a 0% interest rate loan, forgiven after 10 years of owner occupancy. Up to 3% of the home purchase price, up to $15,000. Use for down payment or mortgage insurance premium.
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Second home down payment requirement