Corva Standard FHA DPA Forgivable Deferred Matrix
FHA down payment assistance forgivable second lien matrix providing 3.5% or 5% assistance with 0% interest and forgiveness terms.
Underwriting Specifications & Parameters
MAXIMUM LTV
100% CLTV
MINIMUM FICO
600
MAX LOAN LIMIT
County Limit
UNDERWRITE SLA
< 24 Hours
Program Highlights & Selling Points
- 3.5% or 5.0% down payment assistance second lien
- Forgivable over 3 or 5-year occupancy period
- 0% interest rate with zero monthly payment on second lien
- Enables true zero out-of-pocket home purchases
- Credit scores down to 600
Program Overview & Guidelines
FHA Forgivable Deferred DPA Guidelines
Assists homebuyers with down payment and closing costs via a silent second lien that is forgiven over time without monthly debt service obligations.
Official Program Guidelines & Matrix
Complete underwriting guidelines, reserve requirements, and matrix specifications (PDF).
< 2 HOUR DECISION
Submit Corva Standard FHA DPA Forgivable Deferred Matrix Scenario
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