FHA 560 FICO with 3.5% Down

FHA / VA 500 FICO with 10% Down

Don't turn these buyers away - call for a prequal!

·  Desk top Under wiring “Approve/Eligible”

Manual underwrites possible for qualified applicants

·  Debt to Income up to “50%”

·  Disputed Accounts - review with L/O

·  Only “Collections” over $5,000 $ under 2yrs. need to be paid off

·  Verification of Rent requires

·  Home buyer Education Course

·  500-559 FICO = 10% down payment

·  This is an FHA loan so all standard FHA guidelines apply
- BK 2yrs, Foreclosure and Short Sale 3yrs

·  FHA Flips over 20% appreciation

·       VA Purchase to 500 FICO