If you’re applying for an FHA loan and want help covering your down payment (and closing costs), Movement Boost is for you.
What is Movement Boost?
Movement Boost helps qualified FHA borrowers cover the required 3.5% down payment and even a portion of closing costs*.
You could be eligible for:
Full down payment assistance to cover the entire 3.5% FHA down payment
What are the details?
Movement Boost could cover your entire FHA down payment plus 1.5% to put toward closing costs via a repayable second lien with a 10-year amortization term and a rate at 2% above the first lien rate
Available to first-time and repeat homebuyers
Available nationwide with the exception of New York
Gift funds allowed (use gift funds for a larger down payment or to cover additional closing costs)
Minimum 620 FICO score required
Maximum 50% DTI ratio
Primary residence only
Multi-family homes up to 2 units
Manufactured homes (640 FICO score required)
* For qualified borrowers. Additional restrictions apply.