Option A or Option B!
Know Your Options!
See the difference between Government & Conventional Loans & decide what’s right for you!
GOVERNMENT Loans (Min. 580 credit score)
FHA:
• 96.5% LTV for purchases
• 97.75% LTV for rate/term finances
• 85% LTV for cash-out refinances
• Escrow holdbacks allowed
• No seasoning on short sales in some cases
• Streamline refinances with a 640 score
• High balance loans to $625,500 with a 620 credit score
• Flip properties ok
• Non occupant co-borrowers ok • Back to work program
VA (Minimum FICO 580):
• 100% LTV for purchases
• 90% LTV for cash out
• Up to 57% DTI with DU approval
• High Balance loans above $700k with a 680 score • IRRRL loans with no appraisal
CONVENTIONAL Loans (Min. 620 credit score)
MI Products:
• 95% LTV Lender Paid MI
• 95% LTV With a 620 FICO
• 85% LTV Cash-out with a 640 credit score
• 85% LTV N/O/O Purchase Single Family Residence only
HomePath:
• Up to 95% LTV with a 660 score (SFR)
• Up to 90% LTV for High Balance loans with a 700 score
Freddie:
• 75% LTV cash out up to $625,000
• Non-occupant co-borrowers ok
• Blended ratios
• 90% LTV Super Conforming with a 660 credit score • Only one (1) year tax returns allowed (per LP)
HARP (Home Affordable Refinance Program)
• Unlimited LTV/CLTV
• Both Freddie and Fannie
• Investment properties to 150% LTV/CLTV
• Property Inspection Waivers accepted
Call us today to discuss your options at 904-591-3662!
Visit our site at MORTGAGESBYLINDA.COM