No Mortgage Payments for up to 6 Months Your buyers can get into a home and pay no mortgage payments for up to 6 months. This program is available for 1st time buyers, and buyers who are upgrading or relocating. Our unique loan allows the seller or builder to cover up to 6 months of the buyer’s mortgage payments. - Seller concessions are allowed up to 9%... based on LTV - At closing, concessions are deposited into buyer’s impound account - Buyers mortgage is paid from impound account for up to 6 months - Up to 75% LTV allows seller to pay up to 9% concessions - 75% to 90% allows seller to pay up to 6% concessions - 90% to 95% allows seller to pay up to 3% concessions Guidelines - Owner occupied properties only - Available for SFR’s, PUD’s, and Condo’s - Purchase transactions only