- FHA Approved Mortgage
- Minimum credit score:
- 550 AUS approved,
- 580 manual
- Non-Credit Qualifying Streamline refinances allowed
- Gift funds allowed for down payment and closing costs
- Cash out 80% LTV
- VA Mortgage
- Minimum credit score:
- 580 AUS approved,
- 620 manual
- Cash-out up to 100% LTV
- Foreclosure/Short Sale/Bankruptcy <2 years allowed with AUS Approval
- USDA Mortgage
- Minimum credit score: 620
- 100% maximum LTV
- No maximum loan amount
- Rate/Term refinances allowed
- Conventional Mortgages
- 620 min score
- Fannie Mae
- Freddie Mac
- Standard and High Balance
- HomeReady
- HomePossible
2-1 BUYDOWN
2-1 Buydown:
- Use Seller concessions to temporarily buydown rate.
- 1st year reduced interest rate by 2%
- 2nd year reduced interest rate by 1%
- 3rd and beyond interest rate resets to original qualifying rate.
- Loan is qualified off pre buydown rate.
Eligible for Conventional Primary and Second home purchase transactions
- Min fico 620
- Standard Balance and High Balance
- 1-4 units eligible (Primary)
- SFR, Condo & PUD
Eligible for FHA Owner occupied purchase transactions
- Min fico 580 for max ltv up to 96.5%
- Min fico 550 for ltv’s up to 90%
- 1-4 Units eligible
- SFR, Condo & PUD
MATRICES
ANNOUNCEMENTS
Credit Policy Announcement
Suspension of Tax Transcripts
Credit Policy Announcement
Temporary Conventional Credit Updates
Temporary Appraisal Inspection Relief
FHA Loans
Temporary Appraisal Inspection Relief
USDA Loans