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Nationwide programDeferred

Direct Mortgage Loans Go Direct FHA 100% Financing

Direct Mortgage Loans Go Direct FHA 100% Financing is a deferred second loan for homebuyers in Statewide, California.

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The program asks for

  • The home is occupied as a primary residence
  • A completed homebuyer education course, through Required - HUD-approved
  • Sourced via Homebuyer Wallet (NAT250035). FHA program — must meet FHA underwriting. 3.5% DPA provided as second loan (deferred or repayable depending on tier).

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

How to apply

  1. Take a homebuyer education course

    Required by the program, through Required - HUD-approved.

  2. Contact the administering agency to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Questions about this program

What is Direct Mortgage Loans Go Direct FHA 100% Financing?

Direct Mortgage Loans Go Direct FHA 100% Financing is a deferred second loan for homebuyers in Statewide, California. FHA + 3.5% DPA second = 100% financing. Covers FHA's required 3.5% down payment. FHA first mortgage paired with 3.5% second-loan DPA, achieving 100% effective financing on FHA-eligible properties. This is a nationwide program, so it is available beyond a single state or city. Funding comes from Direct Mortgage Loans.

Do you have to pay it back?

Direct Mortgage Loans Go Direct FHA 100% Financing is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by sale, refinance, or end of term. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Direct Mortgage Loans Go Direct FHA 100% Financing is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required, through Required - HUD-approved. Sourced via Homebuyer Wallet (NAT250035). FHA program — must meet FHA underwriting. 3.5% DPA provided as second loan (deferred or repayable depending on tier).

What are the income limits?

Direct Mortgage Loans Go Direct FHA 100% Financing sets its income limit as follows: Per FHA guidelines. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Direct Mortgage Loans Go Direct FHA 100% Financing can be used for Single-family, Condo (FHA-approved), Townhouse, Manufactured (real property). Manufactured homes are eligible.

Where does it apply?

Direct Mortgage Loans Go Direct FHA 100% Financing is a nationwide program, so it is not limited to one state.

How do you apply?

Applications for Direct Mortgage Loans Go Direct FHA 100% Financing go through the administering agency. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

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Whether two programs can be combined is up to each agency. Ask before you apply.

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Program terms are set by the administering agency and can change; confirm on the official site before you apply.