We are excited to announce our new No MI with Community Second Program*. This is a down payment assistance program that can help you get to the closing table. This program is ideal for homebuyers who don’t have the funds to cover the cash required at closing or for those who have the cash but need it for expenses such as home improvements, an emergency fund or education. The benefits include flexible funding and over 100% financing with no mortgage insurance. All buyers must complete homebuyer education to qualify.
Contact us today to find out more details about how to qualify. When we say, “Built for Speed. Driven by Service. Close Quickly With Angel Oak Home Loans.”, we mean it.
- Conventional first mortgage
- No first time homebuyer requirements for LTV of 95% or less
- Down Payment Assistance (DPA) up to 4% of the Lesser of the purchase price or appraised value
- The Down Payment Assistance is an interest only loan for a term of 30 years.
- The interest rate for the community second DPA matches the interest rate of the first mortgage.
- Homebuyer education is required for ALL borrowers
*Fannie Mae Only
Eligible states- AL, CO, FL, GA, IL, IN, LA, MD, NJ, NC, OK, TN, VA
Built for Speed. Driven by Service.