| Eligible Properties |
Expanded Criteria |
- Single Family Residence
- Condominiums
- PUD's
- Duplex
- 3 & 4 Unit Apartments
- Double Wide Manufactured Housing with Land
- Acreage
- Primary Residence
- Second Homes
- Rental Properties
|
- 660 Minimum credit score
- Stated Income Program Available
- No Credit Problem'
- No Income/asset verification
- Up to 80% Owner Occupied LTV
- Up to 75% Non Owner Occupied LTV
|
| Freddie Mac |
Fannie Mae - Conforming |
|
- Up to 95% Financing
- 620 Minimum Credit Score
- Ratios 28/36
- 2-3 months cash reserve
|
| FHA / VA |
Non-Conforming |
- 100% VA Loan
- 97% FHA Loan
- Ratios 29/41 - FHA
- Min 12/month Clean Credit - FHA
- Bankruptcy - Chapter 7/13 discharged 2 years
|
- Up to 100% Financing
- Ratios up to 50+%
- Bankruptcies Workable
- Conforming Fallout - Damaged Credit
|
| Rural Development |
Construction Loans |
- 100% Financing
- No PMI
- Assumable
- Seller Can Pay up to 6% in Closing Costs
- Ratios 29/41
- 30 Year Fixed/Market Rates
- Must be Owner Occupied
- New or Existing Homes
- Extended Lock Rates Available (180 Days)
- Low to Moderate Income Required
- No Metro Areas
|
- 100% Financing
- No PMI
- Assumable
- Seller Can Pay up to 6% in Closing Costs
- Ratios 29/41
- 30 Year Fixed/Market Rates
- Must be Owner Occupied
- New or Existing Homes
- Extended Lock Rates Available (180 Days)
- Low to Moderate Income Required
- No Metro Areas
|
| Manufactured Homes |
Construction / Permanent Loans |
- Up to 90% Financing
- Must be Double Wide with Land
- Conforming / Non Conforming Customers
|
- Up to 90% Financing
- Must be Double Wide with Land
- Conforming / Non Conforming Customers
|