FHA
FHA
Program Highlights
Full Doc:
- FICO as low as 600
- LTV up to 96.50% for purchase, 97.75% for rate/term refinance, and 80% for cash-out refinance transactions
- DTI’s > 50% with AUS approval
- Typically no reserve requirements for 1 and 2-unit properties
- FICO as low as 600
- No max LTV (as long as maximum mortgage calculation is applied)
- No appraisal or credit qualification required (provided minimum FICO is met)
