Home At Last™ Daily Rates

Assistance Options	Freddie Mac Rates Income Limit: ≤ 80% AMI View AMI Lookup Tool	Fannie Mae Rates Income Limit: ≤ 80% AMI View AMI Lookup Tool	Fannie Mae Rates > 80% AMI Income Limit: $135,000
0%	3.125%	3.125%	3.625%
1%	3.250%	3.250%	4.000%
2%	3.500%	3.500%	4.125%
3%	4.000%	4.000%	4.500%
4%	4.250%	4.250%	4.625%
5%	4.625%	4.750%	N/A

CREDIT SCORE (FICO) MINIMUMS

PURCHASE LOANS*:
640 with 45% maximum debt-to-income ratio
680 with 45.01 – 50% maximum debt-to-income ratio
REFINANCE LOANS*:
640 with 45% maximum debt-to-income ratio
No VA, USDA streamline refinances
*MANUFACTURED HOMES (all loan types):
680 with 45% maximum debt-to-income ratio
Freddie Mac conventional not permitted

INCOME LIMITS (see chart at bottom of page)

FHA & VA: $116,000
USDA: Per USDA guidelines View USDA Income Limits by County
Conventional – Borrower income at or below 80% of AMI: View AMI Lookup Tool by County
Conventional – $135,000 for borrower(s) with income over 80% of AMI
AMI is the Area Median Income established by Fannie Mae and Freddie Mac

PURCHASE PRICE LIMITS

LOAN LIMITS

The Home At Last™ program does not establish a maximum or minimum loan amount.
Lenders must comply with agency limits per the specific loan guidelines for FHA, VA, USDA Guaranteed, and Conventional loans.
- FHA loans: View FHA Loan Limits by County
- VA loans: $548,250
- USDA Guaranteed loans: No limit
- Conventional loans: $548,250

PLEASE NOTE:

Assistance is calculated as a percentage of the first mortgage
- Example: $375,000 mortgage with 3% assistance = $11,250 for borrower to use toward down payment and/or closing costs
First mortgages are 30-year, fixed rate loans and the rate is set by the Home At Last™ program, not by the participating lender
Rates published on this website are for 30-year first mortgages and are based on the loan type and amount of assistance provided
First mortgage options with assistance will include a 3-year, forgivable second mortgage (0% interest, no payments)
Second mortgages for the assistance provided is forgiven on a 1/36 pro rata basis
- Example: $11,250 in assistance results in $312.50 forgiven each month
FHA loans with FICO below 660 require borrower(s) have 1+ month of reserves and 6+ months employment history on current job(s).
Home At Last™ may be used for the purchase or refinance of a primary residence.
FHA loans and manufactured home loans may not be manually underwritten.