El Paso Program Highlights
EL Paso, Turnkey | At-A-Glance
EL Paso, Turnkey Mortgage Origination | At-A-Glance
| AVAILABLE PROGRAMS | Turnkey Plus Program |
| QUESTIONS | Questions |
| ELLIGIBLE AREA | All of El Paso County, Colorado including the City of Colorado Springs |
| 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 | Must include everything paid by the buyer or on the buyer’s behalf. There are no purchase price limits in this program. Follow Agency (FHA, USDA-RD, VA and Freddie Mac) guidelines for maximum loan limits. |
| TIMELINE REQUIREMENTS | 60 calendar days from loan reservation to loan purchase. Underwriter Certitied anytime prior to closing. |
| HOMEBUYER EDUCATION | Homebuyer Education |
| CO-SIGNORS | Co-Signors |
| PROGRAM GUIDELINES | Guidelines |
| Participating Lenders | Participating Lenders |
Today’s Rates & Offerings [ Business Days 8:00am – 6:00pm MT ]
El Paso, Turnkey Mortgage Origination | Rates & Offerings
| GOVERNMENT | |||||
| Offering | FICO | DPA | Lock Rate | ||
| FHA, USDA, VA | 660 | 0% | 5.750% | ||
| FHA, USDA, VA | 2% | 6.000% | |||
| FHA, USDA, VA | 3% | 6.625% | |||
| FHA, USDA, VA | 4% | 7.625% | |||
| CONVENTIONAL – HFA Advantage – FREDDIE MAC 80% AMI and below | |||||
| Offering | FICO | DPA | Lock Rate | ||
| Freddie Mac 80% AMI | 640 | 0% | 5.750% | ||
| Freddie Mac 80% AMI | 2% | 5.875% | |||
| Freddie Mac 80% AMI | 3% | 6.250% | |||
| Freddie Mac 80% AMI | 4% | 6.750% | |||
| Freddie Mac 80% AMI | 5% | 7.250% | |||