FHA
Credit scores for FHA must be higher than 620 but no income restrictions. Primary residences only. Debt ratios no higher than 36/46.
- 96.5% Loan to Value for Purchases
- 95% Loan to Value for Refi's
VA
No minimum credit score, primary residence only and debt ratios no higher than 41/41.
- 100% Loan to Value (Purchases/Refi's)
- Funding Fees 2.15% - 3.3%
- Seller may pay upto 4% towards closing costs
USDA
Minimum credit score of 580, primary residence only and debt ratios no higher than 29/41.
- 108% of Sales Price
- No Monthly Mortgage Insurance
- Mortgage Ins. Fee of 2% (included in loan)
- Minimum credit score of 660
- 95% Loan to Value
- No Mortgage Insurance Needed
Conforming/Conventional Loans
Minimum credit score of 660 on primary purchases.
- 80% on All Others (minimum 660 credit score)
- Loans Up to $417,000