New Down Payment Program.
DPA now with 2% Comp, Close in <30 days.
Orion Lending rolled out ANOTHER DPA program this week (National Homebuyer’s Fund), and we are quickly becoming the Industry’s leader for DPA.
- We have FULL Underwriting authority & do NOT have to send these off for approval
- Close < 30 days: 1 day UW, 1 day Conditions
- 2% BPC + Processing fee with NBF DPA, or 1.5% BPC + Processing Fee for Chenoa Fund
- TBD Full Approvals prior to contract!
- Chenoa and NHF both have “soft second” options with 0% interest & No Monthly Payments due on the 2nd mtg
- Up to 5% DPA can be used for Down Payment and Closing Costs, and the higher rates now have lender credit!
- DPA Options for FHA, USDA, and Conventional
Why do DPA?
- Real Estate Agents have DPA borrowers and want to work with DPA LOs.
- Helping DPA Borrowers now = HUGE Refi Pipeline within the next year.
- They close just as quickly and easily with Orion as any other Purchase because we have full underwriting authority.
Price your DPA loan in our Quick Pricer here, being sure to select the DPA Program for “Loan Purpose”.
Want to learn more about our DPA Programs? Self-schedule a call with me & your team here (if you have not already).
Downloadable Documents.
National Homebuyers Fund DPA – Orion Lending
Chenoa DPA Info – Orion Lending
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