Rate Advantage

• FHA product ONLY
• 30 Year Fixed FHA First Mortgage
• Zero dollars required from borrower for down payment
• Qualifying income is borrower qualifying income only
• Available for borrowers with income at or below 115% of AMI(search AMI by county)
  • Assistance available at 3.5% (rounded to the next highest dollar – do not round down) of the lower of the purchase price or appraised value
  • Structured as a 10-year repayable 2nd at 8% interest
  • A monthly payment is required
• No concurrent homeownership 
• Minimum FICO: 640
• Max DTI: 50%
• 1 unit only
• Homeownership counseling not required

Example Programs by Credit Score

(click program name for details)

580-850

FHA 100 Down

Good Neighbor Next Door

620-850

DPA Edge

640-850

Rate Advantage

HR 97

Standard 97

HFA Preferred Startup

HFA Preferred Stepup

HFA Advantage Startup

HFA Advantage Stepup

650-850

FHA Startup 650

FHA Stepup 650

660-850

Springboard FMHR

Springboard FM over95-97

Springboard FM under-95 LTV

FAHE FMHR

FAHE FM over95-97

FAHE FM under-95 LTV

DPA Edge DTI-over-50-percent

FHA Startup 660

FHA Stepup 660

680-850

HFA Preferred Risk Sharing

This is not an offer to enter into an agreement. Information, rates, & programs are subject to change without prior notice
and may not be available in all states. All products are subject to credit & property approval. DownPayment.cool and DownPayment.mobi is not affiliated with any government agency.