Opening More Doors: FHA 100% Down Payment Assistance Program Expands to More States

At StratoLending, we’re committed to making homeownership possible for more families across the country. That’s why we’re excited to share that our FHA 100% Down Payment Assistance Program is now available in even more states—helping buyers achieve the dream of owning a home without the upfront burden of a down payment.

This expansion means loan officers and mortgage brokers have the opportunity to serve more clients, close more loans, and stand out in competitive markets with a solution designed to simplify the path to homeownership.

Program Highlights

Here’s what makes the program so powerful for homebuyers:

• Now available in more states: AL, AZ, CO, FL, GA, IL, LA, MD, MI, MN, MO, MS, NC, NJ, OH, OK, PA, SC, TN, TX, VA, WI

• Flexible credit options: Minimum 600 FICO (manual underwriting to 45% DTI with 660 FICO)

• Purchase transactions only – designed to help families step into a new home

• Broad property eligibility: Manufactured homes and condos included

• No first-time homebuyer requirement – anyone can qualify if eligible

• Non-occupant co-borrowers allowed – helping families support each other

• Up to 3.5% of the lesser of sales price or appraised value financed as down payment assistance

  
  

Why This Matters

Down payment remains one of the biggest obstacles for potential homebuyers. By eliminating that barrier, this program:

• Expands access to financing for more households

• Provides flexibility for buyers who may not meet conventional loan requirements

• Strengthens your business by reaching new markets and offering a competitive solution

With more states onboard, you can now help even more clients make the transition from renting to owning.

Important Details to Know

• Available on wholesale transactions only

• Assistance is provided as a 2nd mortgage

• Approval of assistance is not guaranteed with approval of the first lien mortgage

• Homebuyer education is required to participate

• Borrowers must occupy the home as their primary residence within 60 days of closing

The FHA 100% Down Payment Assistance Program is more than just a mortgage product—it’s a gateway to opportunity. Whether you’re a loan officer looking to serve more clients, or a buyer hoping to finally own your first home (or next home), this program creates possibilities that may not have existed before.

At StratoLending, we’re here to guide you every step of the way. Reach out today to learn more about how this program can help you or your clients take the next step toward homeownership.

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