Lender Participation 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.