Lender Participation Criteria

Criteria

• Ensure applicant's eligibility.
• Inform, educate, and facilitate the application process.
• Maximum loan can not exceed 95% area median purchase price limit (for Federally-funded down payment assistance).
• No associated charges (i.e., brokers fees, costs, etc.) may be added for providing the loan.
• Offer conforming loans with 1% or less origination fee.
• Offer market interest rate.
• Sales price should not exceed appraised value.