Builder or Seller can contribute funds to cover borrowers’ payment up to 3 months on home via Interested Party Contributions 

Build/Buy & Save Payment Option Overview:

This Payment option allows a builder or seller to contribute funds that cover the borrower’s payment for up to 3 months on a home in the form of an Interested Party Contribution (IPC). The funds are placed into an escrow account and the servicer makes the payment(s) for the borrower based on the funds from that account.

Eligible Terms
​15 & 30 Year Fixed  

Eligible Programs

  • FHA
  • VA
  • USDA

​Eligible 

  • Purchase
  • Primary/Owner Occupied
  • 1-Unit

 ​Eligible*

  • SFR
  • Townhouse
  • Condo
  • PUD 

Ineligible
•    Manufactured Homes

Following IPC thresholds cannot be exceeded

  • FHA – 6%
  • USDA – 6%
  • VA – 4%

Important Notes

​​Payments applied to the loan must be complete payments, partial payments ineligible.

The first payment due will not change on the Note, the abatement will be applied no later than payment due date or upon transfer to servicer

Servicing will apply ALL payments at one time after the loan has closed

​Loan would close with full balance and funds for payments would go into a separate account

​Servicing then applies all payments (PITI) after loan closes

Any excess funds contributed beyond the specified number of payments will be applied as a principal curtailment if this is determined AFTER closing, prior to closing this will be applied as closing costs

Borrower may NOT receive cash back at closing

Contact us with any questions! Melanie 479-326-1443 or Jordan 870-830-1322

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