CAFA Program Highlights

AVAILABLE PROGRAMS	CAFA Advantage
QUESTIONS	Questions
ELLIGIBLE AREA	Eligible Area
ELIGIBLE BORROWER(S)	No first-time buyer requirement
RATES	See Chart
DPA AVAILABLE	See Chart
LOAN TYPE	See Chart
INCOME LIMITS	Income Limits
PURCHASE LIMITS	No Program overlay for purchase price limits for FHA, VA, USDA-RD. $510,400 Purchase Price for Freddie Mac
TIMELINE REQUIREMENTS	70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION	Homebuyer Education
CO-SIGNORS	Co-Signers are permitted with FHA loans only. Co-signer cannot live in the property and cannot have any ownership interest.
PROGRAM GUIDELINES	CAFA Advantage Guidelines
PARTICIPATING LENDERS	Participating Lenders

AVAILABLE PROGRAMS	CAFA First Home
ELLIGIBLE AREA	Eligible Areas
ELIGIBLE BORROWER(S)	Buyers and their spouses (occupant and non-occupant) must be first-time buyers but must be able to permanently reside in the US. Check with Servicer for any overlays
RATES	See Chart
DPA AVAILABLE	See Chart
LOAN TYPE	See Chart
INCOME LIMITS	Income Limits
SALES PRICE LIMITS	Sales Price Limits
TIMELINE REQUIREMENTS	60 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION	Homebuyer Education
CO-SIGNORS	Permitted to the extent allowed by applicable Agency. Treat co-signor income as directed by the Agency. A co-signor cannot have any ownership interest in the property (they cannot be on the mortgage/deed/warranty deed). A co-signor cannot live in the property. Non-occupant co-borrowers are strictly prohibited.
PROGRAM GUIDELINES	Program Guidelines
HOMETOWN HEROES PROFESSIONS	HTH Professions
BORROWER ATTESTATION	Borrower Attestation
PRE-CLOSING DOCUMENTS	Notices to Buyers and Recapture Tax brochure (see attached)
TARGETED AREAS	Targeted Areas
PARTICIPATING LENDERS	Participation Lenders

AVAILABLE PROGRAMS	CAFA PLUS
ELLIGIBLE AREA	Eligible Area
ELIGIBLE BORROWER(S)	No first-time buyer requirement
RATES	See Chart
DPA AVAILABLE	See Chart
LOAN TYPE	See Chart
INCOME LIMITS	Income Limits
PURCHASE LIMITS	No Program overlay for purchase price limits for FHA, VA, USDA-RD, use Agency Loan Limits. For Freddie Mac the limit is $510,400
TIMELINE REQUIREMENTS	70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION	Homebuyer Education
CO-SIGNORS	Co-signors are permitted with FHA loans only. Co-signor cannot live in the property and cannot have any ownership interest.
PROGRAM GUIDELINES	CAFA Advantage PLUS Guidelines
PARTICIPATING LENDERS	Participating Lenders

Today’s Rates & Offerings [ Business Days 9:00am – 7:00 pm CT ]


Offering	FICO	DPA	Lock Rate
FHA, VA, USDA-RD	See Guidelines	4%	6.580%
		5% (Hero)	6.580%
Fannie Mae & Freddie Mac		4%	6.980%
		5% (Hero)	6.980%
CAFA Advantage - Conventional 80% AMI (w/Grant)
Offering	FICO	DPA	Lock Rate
Freddie Mac 80% AMI	640	0%	6.875%
		3%	n/a
CAFA PLUS – Government (w/second mortgage)
Offering	FICO	DPA	Lock Rate
FHA, VA	640	3%	7.000%
		4%	7.250%
		5%	7.625%
CAFA PLUS – Conventional 80% (w/second mortgage)
Offering	FICO	DPA	Lock Rate
Freddie Mac 80% AMI	640	3%	7.250%
		4%	7.625%
		5%	7.875%
CAFA PLUS – Conventional Over 80% (w/second mortgage)
Offering	FICO	DPA	Lock Rate
Freddie Mac OVER 80% AMI	640	3%	7.375%
		4%	7.750%

AVAILABLE PROGRAMS	CAFA Advantage
QUESTIONS	Questions
ELLIGIBLE AREA	Eligible Area
ELIGIBLE BORROWER(S)	No first-time buyer requirement
RATES	See Chart
DPA AVAILABLE	See Chart
LOAN TYPE	See Chart
INCOME LIMITS	Income Limits
PURCHASE LIMITS	No Program overlay for purchase price limits for FHA, VA, USDA-RD. $510,400 Purchase Price for Freddie Mac
TIMELINE REQUIREMENTS	70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION	Homebuyer Education
CO-SIGNORS	Co-Signers are permitted with FHA loans only. Co-signer cannot live in the property and cannot have any ownership interest.
PROGRAM GUIDELINES	CAFA Advantage Guidelines
PARTICIPATING LENDERS	Participating Lenders

AVAILABLE PROGRAMS	CAFA First Home
ELLIGIBLE AREA	Eligible Areas
ELIGIBLE BORROWER(S)	Buyers and their spouses (occupant and non-occupant) must be first-time buyers but must be able to permanently reside in the US. Check with Servicer for any overlays
RATES	See Chart
DPA AVAILABLE	See Chart
LOAN TYPE	See Chart
INCOME LIMITS	Income Limits
SALES PRICE LIMITS	Sales Price Limits
TIMELINE REQUIREMENTS	60 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION	Homebuyer Education
CO-SIGNORS	Permitted to the extent allowed by applicable Agency. Treat co-signor income as directed by the Agency. A co-signor cannot have any ownership interest in the property (they cannot be on the mortgage/deed/warranty deed). A co-signor cannot live in the property. Non-occupant co-borrowers are strictly prohibited.
PROGRAM GUIDELINES	Program Guidelines
HOMETOWN HEROES PROFESSIONS	HTH Professions
BORROWER ATTESTATION	Borrower Attestation
PRE-CLOSING DOCUMENTS	Notices to Buyers and Recapture Tax brochure (see attached)
TARGETED AREAS	Targeted Areas
PARTICIPATING LENDERS	Participation Lenders

AVAILABLE PROGRAMS	CAFA PLUS
ELLIGIBLE AREA	Eligible Area
ELIGIBLE BORROWER(S)	No first-time buyer requirement
RATES	See Chart
DPA AVAILABLE	See Chart
LOAN TYPE	See Chart
INCOME LIMITS	Income Limits
PURCHASE LIMITS	No Program overlay for purchase price limits for FHA, VA, USDA-RD, use Agency Loan Limits. For Freddie Mac the limit is $510,400
TIMELINE REQUIREMENTS	70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION	Homebuyer Education
CO-SIGNORS	Co-signors are permitted with FHA loans only. Co-signor cannot live in the property and cannot have any ownership interest.
PROGRAM GUIDELINES	CAFA Advantage PLUS Guidelines
PARTICIPATING LENDERS	Participating Lenders