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Orion Lending Announces Launch of Boost Down Payment Assistance Program

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Empowering Families to Achieve Homeownership with Innovative Financial Solutions

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Orion Lending is excited to announce the launch of its Boost Down Payment Assistance Program (Boost DPA), designed to help credit-worthy families overcome the barrier of down payment requirements and achieve the dream of homeownership. This new program aligns with Orion’s commitment to making affordable housing accessible for all Americans.

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At Orion Lending, we believe that everyone deserves the opportunity to own a home, and our Boost DPA program is a step toward making that a reality. By providing financial tools that assist responsible homebuyers, we aim to create stronger, healthier communities, where homeownership is not only attainable but sustainable.

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Key Benefits of Orion’s Boost Down Payment Assistance Program:

• 100% Financing: No down payment required for qualified buyers.
• No Income Limits: Accessible to a wider range of potential homeowners, regardless of income level.
• Credit Scores Down to 580: Offering opportunities to buyers with a broad range of credit profiles.
• First-Time Buyer Not Required: Open to all buyers, not just first-time homebuyers.
• In-House Underwriting: The entire process is handled internally, providing streamlined and efficient service.
• No Borrower Down Payment Required: Buyers can secure financing without having to save for a down payment.
• Industry-Leading STAR Portal Technology: Seamless upload and processing for a smooth, hassle-free experience.
• Manual Underwriting Available: Unlike other lenders, Orion allows for manual underwriting to ensure every applicant gets a fair chance.
• Proven Track Record: Orion Lending has already helped thousands of families achieve their homeownership goals.

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"At Orion Lending, we recognize the challenges that many prospective homebuyers face when it comes to coming up with a down payment," said Curtis Edwards, CEO at Orion Lending. "Our Boost DPA program is designed to break down those barriers and provide the financial flexibility families need to invest in their future. This program is an essential tool for anyone looking to take the next step toward homeownership."

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Orion Lending’s Boost DPA program is now available to eligible borrowers, and the company is committed to continuing its efforts to provide innovative solutions that make homeownership a reality for more families across the country.

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Forgivable Second:

• Available for FHA and USDA
• No Payment Shock (w A/E Findings
• Borrower and Lender Paid Comp Available
• 30 Year Fixed - 0% Interest Rate - No Payments Due
• Forgiven After 60 Consecutive, On-Time Payments on the 1st
• Proceeds May Be Used for Down Payment and/or Closing Costs

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Repayable Second:

• 580 MIN FICO
• 1-4 Units Now Allowed for FHA
• Eligible in All States Except WA
• No Payment Shock (w A/E Findings)
• DTI Per AUS 600+ FICO
• Manual UW Allowed Down to 640 FICO
• Borrower and Lender Paid Comp Available
• Home Counseling Required for FICO < 620
• 2nd is Now 15 Year Fixed with Buydown Option to Match Rate with 1st
• Underwritten In-House by Orion and No Secondary Approval Required

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5% Repayable Second:

• 580 MIN FICO
• Manual UW Allowed
• No Income Limits (FHA Only)
• Available for FHA
• Proceeds May Be Used for Down Payment and/or Closing Costs

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1/0 and 2/0 Buydowns:

• 30 Year Fixed
• 1/0 and 2/1 Buydown
• Conforming Balance Only
• Available for FHA and USDA
• All Property Types Allowed including Manufactured & 1-4 Units
• Forgivable or Repayable Seconds

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For more information on the Boost Down Payment Assistance Program or to apply, visit https://www.orionlending.com/downpaymentassistance.

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