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Police & Firefighter Flex (Neighborhood Champion) - Detail Verified 06/14/10 Last Updated 06/17/09

Program Overview

Police & Firefighter Flex (Neighborhood Champion) - Detail Verified 06/14/10 Last Updated 06/17/09 is a program designed to help full-time police and firefighters qualify for a loan with 3% down payment. Program also includes an Accidental Death and Dismemberment insurance policy. The program is available Nationwide. The application fee is $ 50.

Who is eligible for this program?

The program requires the home buyer to be a full-time sworn member or employee of a police department, sheriff's office, corrections department, or other law enforcement agency, or a full-time sworn member or employee of a local, state, or federal fire department or agency including medical response and patient care. HUD Median Income Limits: 80% Is this program for first time buyers only? No

Property Eligibility Requirements

This program is available Nationwide. Allowable property types: All types including condos.

Benefit Details

This program requires borrower to provide 1% of purchase price. The remaining down payment or closing cost may come from a gift or other sources. These loans have conforming limits in all states and Washington D.C. The program has increased loan limits in eligible high cost areas to make homeownership more attainable. Benefit: 3% down payment if below 80% of HUD adjusted median income limits. 10% down if above. Owner Occupancy Required: Yes Other Program Comments: This program requires a credit score of 640 or higher.

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