FHA
- Minimum credit score 580
- Fixed Rates and ARMs
- Manufactured Homes are eligible
VA
- Minimum credit score 580
- IRRRL with or without Appraisal up to 130%
- 100% LTV Cash Out
- Fixed Rates and ARMs
- Manufactured Homes eligible
- No FICO streamline refinances allowed
HOMEREADY
- Low-to-Moderate income borrowers
- 3% down payment
- Minimum credit score 620
- Higher DTI allowed: Extended family or income from a non-borrowing household member can also be counted
CONVENTIONAL
- HomeReady
- Up to 95% LTV(H)|CLTV
- Up to 97% LTV/(H)CLTV on certain Fannie Mae loans with DU approval
- 5-10 financed properties allowed for Second Home and Investment transactions, Fannie Mae only
- Appraisal transfers allowed
- Property flips allowed
- Non-occupying co-borrowers allowed
- Manufactured Homes
JUMBO
- Minimum credit score 680
- Maximum LTV 90%
- Maximum loan amount $5 million
HOMESTYLE RENOVATION
- Combination of a construction loan and a traditional Mortgage for an existing property
- Renovation projects up to $150,000
NICHE PRODUCTS
- Condos in Litigation
- Purchase after Short Sale or Foreclosure
- Self-Employed
- Bank Statements
- Asset Depletion
[ARForms id=107]
