Common Contracts

Home In Five Conventional Program

Five Conventional Program • August 15th, 2023

• Contract Type
  Five Conventional Program
• Filed
  August 15th, 2023

Home in Five Conventional Fixed Rate Purchase Program Occupancy Number of Units Maximum LTV/CLTV FICO DTI Primary Residence 1 Unit 97% /105% 640 Lesser of 50% or AUS Loan Product Eligible Products/Terms • 30 Year Fixed Rate OnlyHome in Five Advantage - No DPA*Fannie Mae HFA Preferred or Freddie Mac HFA Advantage First Mortgage product codes CPX400 – 30 year No DPA qualifying income ≤80% CPX500 – 30 year No DPA qualifying income > 80% AMI AMI Fannie Mae HFA Preferred or Freddie Mac HFA Advantage Home in Five Advantage Program First Mortgage Product Codes With 30 year Forgivable DPA CPX403 – 30 year 3%, ≤80% AMI CPX503 – 30 year 3%, > 80% AMI CPX404 – 30 year 4%, ≤80% AMI CPX504 – 30 year 4%, > 80% AMI CPX405 – 30 year 5%, ≤80% AMI CPX505 – 30 year 5%, > 80% AMI 30-year Forgivable Second Mortgage Product Codes(see Home In Five down payment assistance guidelines for full details) EPX 300 – 3%, 4% or 5% assistance EPX 310 – Boost of additional 0.5% assistance for all in low- income