Deferred Payment & Deferred Payment Plus Increased Loan Amounts
We recognize the current market is competitive for your borrowers as they face multiple bids and rising home prices. To meet these challenges and continue to support homebuyers' needs, our Deferred Payment Loan and Deferred Payment Loan Plus downpayment and closing cost loan maximum loan amounts are increasing.
Effective for loans locked on or after March 1, 2021, downpayment and closing cost loan maximum loan amounts are:
- Deferred Payment Loan: up to $11,000
- Deferred Payment Loan Plus: up to $15,000
- Monthly Payment Loan: no change - up to $17,000
Our website and applicable documents will be updated on March 1 to reflect the increased loan amounts.