MHA - 125% LTV

Figured I start a thread for this so that we can post when lenders actually start offering it...so when you have an update on any lenders offering the MHA up to 125% LTV - Post it!!!

(I believe my lender will be doing it in October)

update from my lender is we'll probably start doing these in October!!!

I read the FNMA release notes about the program. If I remember right, there is a cap on aggregate LLPA's adjustments @ 2 or 2.5 total ( I can't remember which is right). A least deals won't get blown out of the water with massive adjustments.

another rumor from War Room - Citi is starting to take apps on the 125% LTV loans...if someone could verify, then that'd be great...

I just received a bulletin from Citi that says that they have increased all conforming and agency jumbo loans to 125% for the Freddie Mac Relief Refinance program.  There is no maximum CLTV or HCLTV.

Also,

Pay related Closing Costs, Financing Costs and Prepaids/ Escrows (actual costs only), up to a

maximum of $2500, (Effective with applications 7/25/09 the maximum is the lesser of 4% of

the mortgage amount or $5,000.)