FNO Program Highlights

FNO Green DPA Programs | At-A-Glance

FNO Green DPA Programs | At-A-Glance

AVAILABLE PROGRAMS Finance New Orleans Green DPA Program
QUESTIONS Questions
ELLIGIBLE AREA Within City limits of New Orleans.
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 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 70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Not permitted
PROGRAM GUIDELINES Guidelines
PARTICIPATING LENDERS Participating Lenders

Today’s Rates & Offerings [ Business Days 9:00am – 4:00pm CT ]

FNO Green DPA Programs | Rates & Offerings

GOVERNMENT
Offering FICO DPA Lock Rate
FHA, VA
FHA with EEM
660 2% 7.750%
3% 8.250%
4% n/a
5% n/a
CONVENTIONAL – Fannie Mae & Freddie Mac
Offering FICO DPA Lock Rate
Fannie Mae 80% AMI
Freddie Mac 80% AMI
640 2% 7.750%
3% n/a
4% n/a
5% n/a
Conventional Over 80% AMI
Offering FICO DPA Lock Rate
Fannie Mae OVER 80% AMI 640 2% 8.000%
3% n/a
4% n/a
5% n/a