BOOST DPA FORGIVABLE AND REPAYABLE SECONDS
CHENOA DPA forgivable and REPAYABLE SECONDS
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Overview
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Training
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BENEFITS OF DOWN PAYMENT ASSISTANCE...

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✔ No Income Limits

✔ Credit Scores as Low as 600

✔ 24 Hour SLA's for Purchases

✔ First Time Buyer - Not Required

✔ Available for Citizens, Permanent and Non-Permanent Resident Aliens and DACA Borrowers

✔ Programs with Assistance for the Down Payment and Closing Costs – No Money Out of Pocket

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BOOST DPA OVERVIEW

FHA
usda
  • Per AUS
  • 600 MIN FICO
  • 30 Year Fixed
  • DACA/FTHB Allowed
  • N/O Co Borrowers Allowed
  • Conforming Loan Amounts
  • Forgivable 30YR Second - 0% Interest Rate
  • Repayable 10YR Second - 2% Higher than First TD
  • DPA May be Used for Down Payment and/or Closing Costs
  • Primary Only (2 Units & Manufactured Housing Allowed)
  • Per AUS
  • 30 Year Fixed
  • 640 MIN FICO
  • Conforming Loan Amounts
  • FTHB Borrowers Allowed
  • Repayable 10YR Second - 2% Higher than 1st TD
  • Forgivable 30YR Second - 0% Interest Rate
  • Primary Only(2 Units & Manufactured Housing Allowed)
  • DPA May Be Used for Down Payment and/or Closing Costs
Product matrix
Marketing Flyers

CHENOA DPA OVERVIEW

FORGIVABLE SECOND
REPAYABLE SECOND
  • 600 MIN FICO
  • DTI Per AUS
  • 1 - 2 Units Only
  • No Income Limits
  • N/O Co Borrowers Allowed
  • 0% Interest Rate and 30 YR Term
  • Forgiven After 36 Consecutive On-Time
  • Payments on FHA 1st Mortgage
  • 3.5% DPA or 5% DPA w/ 1.5% Towards CC
  • Doublewide Manufactured Allowed
  • 600 MIN FICO
  • DTI Per AUS
  • 1 - 2 Units Only
  • N/O Co Borrowers Allowed
  • Manual UW or DU/LP Approval
  • Doublewide Manufactured Allowed
  • 10 YR Term @ 2% Higher than 1st
Product matrix
Marketing Flyers



TRAINING

HyperTrack is an educational forum for approved and prospective Broker Partners who are looking to stay current on Orion Products, Technology and Federal Regulations. Orion's courses are dedicated to promoting Broker success nationwide. HyperTrack is a trusted resource for developing your potential and helping you thrive. Below you will find the next training that talks more about Down Payment Assistance.

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For additional information or to be contacted by an Account Executive, please email our Broker Approval Department (brokers@orionlending.com) or contact us at 844.30.ORION (844.306.7468).

*NOTE: Business hours are Monday - Friday from 9AM - 5PM PST, excluding federal holidays. All applications received outside of normal business hours will be reviewed the following business day.