Lender Archives - MoFi

What mortgage programs are available?

Do borrowers have to be first-time homebuyers?

How much assistance can a borrower get?

How do my borrowers apply?

What is the minimum credit score?

What are the income limits?

Do you look at a borrower’s assets?

Can borrowers combine this with other programs?

Can HomeNow borrowers apply for a Mortgage Credit Certificate (MCC)?

How Does MCC Work?

Can HomeNow be used for new construction?

Will borrowers face a penalty if they pay-off their loan early?

Are borrowers required to take home buyer education classes?

Are there any additional fees with this program?

Are there any tax implications for the borrower?

When should I lock the interest rate and reserve down payment assistance funds for my borrower(s)?

Is there a limit to the amount of funds available?

Am I a qualified lender?

How is the program funded?