FNO Program Highlights
FNO Green DPA Programs | At-A-Glance
FNO Green DPA Programs | At-A-Glance
| AVAILABLE PROGRAMS | Finance New Orleans Green DPA Program |
| QUESTIONS | Questions |
| ELLIGIBLE AREA | Within City limits of New Orleans. |
| ELIGIBLE BORROWER(S) | No first-time buyer requirement |
| RATES | See Chart |
| DPA AVAILABLE | See Chart |
| LOAN TYPE | See Chart |
| INCOME LIMITS | Income Limits |
| PURCHASE LIMITS | There are no purchase price limits in this program. Follow Agency (FHA, USDA-RD, VA and Freddie Mac) guidelines for maximum loan limits. |
| TIMELINE REQUIREMENTS | 70 days from Reservation to Loan Purchase. Underwriter Certification any time prior to closing. |
| HOMEBUYER EDUCATION | Homebuyer Education |
| CO-SIGNORS | Not permitted |
| PROGRAM GUIDELINES | Guidelines |
| PARTICIPATING LENDERS | Participating Lenders |
Today’s Rates & Offerings [ Business Days 9:00am – 4:00pm CT ]
FNO Green DPA Programs | Rates & Offerings
| GOVERNMENT | |||||
| Offering | FICO | DPA | Lock Rate | ||
| FHA, VA FHA with EEM | 660 | 2% | 7.625% | ||
| 3% | 8.125% | ||||
| 4% | n/a | ||||
| 5% | n/a | ||||
| CONVENTIONAL – Fannie Mae & Freddie Mac | |||||
| Offering | FICO | DPA | Lock Rate | ||
| Fannie Mae 80% AMI Freddie Mac 80% AMI | 640 | 2% | 7.750% | ||
| 3% | 8.250% | ||||
| 4% | n/a | ||||
| 5% | n/a | ||||
| Conventional Over 80% AMI | |||||
| Offering | FICO | DPA | Lock Rate | ||
| Fannie Mae OVER 80% AMI | 640 | 2% | 7.875% | ||
| 3% | n/a | ||||
| 4% | n/a | ||||
| 5% | n/a | ||||