Primary Residence Only:
o Property Type: 1-4 Units
o Purpose Type: Purchase or Refinance
o Max LTV/CLTV: 96.5%
o Min FICO: 640
o Max DTI: Determined by AUS
o Base Loan Amount: $125,000 - FHA Mortgage Limit Jumbo Minimum is $1 over Conforming Loan Limit
o Property Type: 1-4 Units
o Purpose Type: Purchase
o Max LTV/CLTV: 96.5%
o Min FICO: 580
o Max DTI: Determined by AUS
o Base Loan Amount: Maximum is FHA Mortgage Limit
Purchase & Cash-Out Refinance (Primary Residence Only):
o Property Type: 1-4 Units
o Purpose Type: Purchase
o Max LTV/CLTV/HCLTV: 100%
o Min FICO: 580
o Base Loan Amount: Maximum is conforming loan limit; Jumbo minimum is $1 over conforming loan limit
Purchase & Cash-Out Refinance (Primary Residence Only):
o Property Type: 1-4 Units
o Purpose Type: Purchase
o Max LTV/CLTV/HCLTV: 100%
o Min FICO: 580
o Base Loan Amount: Maximum is conforming loan limit; Jumbo minimum is $1 over conforming loan limit
Available for any occupancy
• Follow regular LTV guidelines (max 97% for FTHB)
• 1-4 unit primary
• 1 unit only for secondary or investment
• Repair budget up to 75% of After-Improved value (ARV)