Land Home Financial Services (LHFS) Unity FHA & FHA MH 3.5% Grant
Special Alert
Maximum Purchase Price
Inquire for Details
Contact Info:
https://wholesale.lhfs.com/guidelines
Limitations
Credit Score Requirements
Minimum Credit Score: 640 Level 1: 680 + Level 2: 640-679
Deferred Payments?
Accepted First Mortgage Type:
FHA 203(b)
Homeowners Education Class:
Required
Is Forgivable?
Location:
3062 Counties, 41 Cities Allowed nationwide except Washington State and unincorporated territories of the United States (see below): • Puerto Rico • US Virgin Islands • Guam • American Samoa • Swains Island
Income Limitations:
Yes, based on Qualifying (1003) Income Income limits from HUD 2022 160% AMI guidelines
Maximum Assistance
3.5% of Purchase Price 3.5% of Purchase Price (rounded up to nearest dollar) non-repayable grant.
Education Requirements Info:
At least one borrower must attend homebuyer education. It must be with a HUD-approved counseling agency or online by Fannie Mae HomeView™. https://apps.hud.gov/offices/hsg/sfh/hcc/hcs.cfm Completion Certificates are required (completed within the last year).
Eligible Property Types:
Single Family Detached Condo Manufactured Home
Income By Household Size:
HH1-8 $269,600 *Income limits as of 04/21/2023
Qualifying Ratios:
Per AUS.
