The other great option is for the buyers who are investors. Currently you are limited to a maximum of 4 financed properties including your primary residence. With this program, you can have up to 10 financed properties. I attached the matrix for these. If you own 4 or less financed properties, you can actually finance up to 90% of the price. No PMI either.

The attached matrix may be more technical than you may want or need to see but thought it could be of help as it goes into all aspects of this program.

Regarding rates, using an example of a purchase of a primary residence with a sales price of 200k with 5% down and a credit score of 675, the rate would be 5.125% for a 30 year fixed with no PMI. As you can see, very good. Currently, borrowers could not even get a conventional loan with less than 20% down and scores less than 720 due to not being able to get PMI.

For example, a 300k loan with 10% down, 4.75% interest rate for a 30 year fixed and a 740 credit score would normally have a payment of   $1565 for P&I plus PMI of about $190. This equals $1755.

If you use the lender paid PMI program, the rate would go to 5.25% but the payment is $1656 for P&I. However, there is no add on for PMI since it is built into the rate. This makes the payment lower by just under $100 per month.  You can do this with 5% down or 15% down as well. The 5% down loans would be .75% higher than the normal rate so 5.50% instead of 4.75% OR 15% down only increases the loan by .375%. It works best for relatively larger loans with smaller down payments such as 5 or 10% down since the PMI is much more expensive in these scenarios.

This is just one way of hopefully expanding the qualifications for potential buyers thus creating more opportunity for both your buyers and sellers.