Allows buyer 3% to 20% down depending on the price of the home Jumbo loans available
FHA Home Loans https://www.fha.com FICO Score as low as 580 DTI (Debt To Income Ratio) up to 50% Allows buyer 3.5% down Allows for 2nd time home buyer
Higher income allowed Jumbo loans available No restrictions on areas where borrowers can purchase Refinancing available FHA 203k Rehab allows for repairs and new construction - Streamline FHA 203k allows up to $38,000 and you can do the work yourself - Standard FHA203k allows more rehab but process takes more paperwork and time VA Home Loans - https://www.va.gov/housing-assistance/ home-loans/loan-types/ - $0 down payment - Cash Out Refinance - Surviving spouse eligible - Benefits can be used multiple times - Native American Direct Loan (NADL) Program
USDA Loans https://eligibility.sc.egov.usda.gov FICO Score as low as 620 $0 down payment 100% financing available Only in eligible areas - Area restrictions apply Allows for Single Family Home 1 unit - USDA 502 Guaranteed _ allows for higher income - USDA 502 Direct Loan _ allows for lower income
99
Powered by FlippingBook