Direct Mortgage Loan Programs                      

Cash Out Conv – 80% Max LTV; 2nd Home - 75% Max LTV; NOO- 75% Max LTV; FHA – 85% Max LTV; VA – 100% Max LTV; Max LTV could vary by program. Second Homes Purchase 90% Max LTV; Cash Out - 75% Max LTV. Non-Owner Occupied Purchase - 80% Max LTV;                                       Rate and Term - 75% Max LTV; Cash Out - 75% Max LTV. Max DTI — FHA Loans Max DTI is 55% with the following restrictions: Minimum FICO: 660; No gifts allowed; VOM/VOR or cancelled checks if private landlord/lender; Payment shock of 125%; Residual Income - Follow VA guidelines.

Footnotes:
¹Max 95% LTV Owner Occupied; Purchase/ R&T; 1 unit SFR only.
² TLTV must be met with HTLTV maximum.  Max cash disbursed at close limited to TLTV.
³Any non-streamline VA Refi is considered cash out.
⁴MI guidelines apply to all conventional loans. Minimum fico score is 620.
⁵Max loan amount is $417,000 or HUD county limit, which ever is lower (excluding Hawaii); Hawaii is $544,185.
⁶Min loan amount is $417,001 (excluding Hawaii); Hawaii is $544,186.
⁷All Borrowers must have a qualifying credit score. Exceptions granted on a case-by-case basis when the primary borrower has a qualifying score. Pricing adjustment applies.
⁸Underwritten to DU/LP/GUS findings, with a 580 minimum fico score.
⁹Underwritten to DU/LP findings (no minimum fico score requirement).
¹⁰MI must be paid by borrower with cash.
¹¹May use the HVE values received on the Loan Prospector feedback certificate instead of obtaining an appraisal to determine the property value for certain 1 or 2 unit properties.
¹²Property Inspection Waiver allowed per DU.

NOTE: Values shown are examples of maximums and minimums allowed. Consult Direct Mortgage Loan Program Guidelines for details regarding any specific loan.

View a list of archived product flyers.
View a list of all our FHA loans.
View a list of all our VA loans.
Learn about obtaining FHA approval.
Learn the Benefits of FHA Loans.
Learn Key Elements of FHA loans.