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100% FHA Loan
Knox Mortgage’s FHA 100% CLTV Combo program is designed to increase homeownership opportunities for low-to moderate income individuals and families by offering 100% financing in the form of an FHA first lien at 96.5% and a second lien of up to 3.5% to cover down payment and/or closing costs.
Knox Mortgage’s FHA 100% CLTV Combo first lien and second lien products must be closed concurrently under this program. This program is offered in all states except New York and Washington. All loans must meet Knox Mortgage’s and FHA Guidelines.
Highlights:
- FHA DPA
- Purchase Only
- Min FICO 600 – DU Approve/Eligible (no manual underwriting)
- No First Time Home Buyer Requirement
- 96.5% Max LTV with 3.5% DPA (100% CLTV)
- Zero payment on the 2nd TD
- Conforming and High Balance Loan Limits Available
- Borrower’s minimum contribution of $0.00
- 100% CLTV FHA Loan (Combines 1st and Subordinate Lien)
Eligible Property Types:
- Attached/detached SFRs
- Attached/detached PUDs
- FHA-approved Condos
- Single Unit Approval (SUA) Condos
- Manufactured housing (double-wide only)
- 2 Units
FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm
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Phone: (314) 575-7167
Email: info@knoxmtg.com
Address: 13990 Olive Blvd. Suite 201
Chesterfield, MO 63017
