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What sort of DPA program are you talking about? If it's a loan it makes it harder with many lenders, a grant makes it easier but some lenders will still require 3% of the buyer's own funds to be part of the deal no matter what.It may be that the lenders you are talking to have their own "overlays" that require a minimum statutory investment from the buyer regardless of Fannie Mae's guidelines. I have seen a number of them that cap the CLTV (Combined Loan To Value Ratio, which includes both the 1st mortgage and the DPA loan) at 97%, and some cap the Loan To Value of the first mortgage at 95% if there is any DPA.Either way there are lenders that can do a 97% HomePath purchase AND allow you to use DPA programs. It just depends on the lender and which DPA program you are talking about specifically.Hope that helps explain it a little bit...Sincerely,Greg
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