FHA-1st & CHDAP-2nd Loan
There are more reasons than ever before to piggyback a CHDAP 2nd Loan:
- Provides a 3% down payment assistance silent second to income qualifying first-time homebuyers for use on down payment and/or closing costs
- CHDAP 2nd is paired with a Mountain West Financial FHA-1st
- Flips are allowed, but must follow Mountain West Financial’s “Flip Policy” (call for details)
- Loan limits follow FHA maximum county limit, so call for current details
- No minimum cash requirement from borrowers