AZ Home in 5 Conventional
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Arizona Home in Five Advantage CONVENTIONAL with Down Payment/Closing Costs Assistance Must be referred to AFS for Origination (loan cannot be originated by branch)
Must be processed by Corporate Processing Team (loan cannot be processed by branch)
DPA options subject to change based on market conditions Must confirm availability with Housing Authority.
30 Year Fixed
LTV
CLTV
97
105
Purpose Purchase
Unit
Occupancy
Credit Score
DTI Ratio
1
O/O
640
Lesser of 50% or AUS
PRODUCT NAMES
Due to recent changes from the Agencies, we expect to see removal of product codes reflecting the over and under 80% AMI as pricing restrictions are being removed for over 80% AMI. Please note MI Coverage continues to be dependent on the borrower's AMI. Refer to the HFA website/rate sheet for current requirements product requirements. Please note, PRMG will be working on updating profiles as notification of the changes are communicated by the HFAs, however the changes require programming so the changes may not be made immediately.
ALLOWABLE ORIGINATION CHANNELS
? Arizona Home in Five Advantage 30 Year Conventional Fixed >80% AMI ? Arizona Home in Five Advantage 30 Year Conventional Fixed ................
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