Click n’ Close has partnered with a non-profit to expand homeownership opportunities nationwide. This program combines a USDA or FHA-insured 30 year first mortgage with either a second lien that is fully forgivable after 5 years OR a 10 year repayable second lien. The second lien funds available through both options meet FHA’s minimum required investment guidelines and can be used by the borrower towards their down payment and/or closing costs.
We offer a competitive alternative take-out for displaced loans stuck on your warehouse line or in portfolio. Click n’ Close can bid loans within 48 hours:
2
Submit Fannie Mae 3.2 or MISMO 3.4 data file.
3
Images submitted via DocVelocity portal. Loan underwritten prior to approval of purchase.
4
We provide detailed collateral preparation and submission instructions.
5
Preparation of purchase advice and confirmation of wire instructions.