FHA U/W to 4000.1 – 500 minimum FICO. 1 Score OK. No Tradeline Requirement and We Allow DTI max 56.9% per AUS. We also allow DPA’s.
FHA- 640 FICO or less with Gift Funds. Specific overlays apply (see guidelines for details)
FHA Reminders: Medical Collections & < $2000 Other Collections – NOT counted.
Less than $2000 Collections simply use 5% of balance as payment, no other documentation required.
Refer to HUD document 4000.1 for additional U/W requirements.
We ONLY require 1040 or W2 Transcripts
We Allow Escrow Holdbacks – Max $5000 Requires 2 Bids
NOT AVAILABLE IN THE STATES OF NEW YORK, NEW HAMPSHIRE AND MAINE.
Guidelines Subject to Change without notice.