Government Loans

FHA Loans

The FHA program has been in place since the 1930s to help stimulate the housing market by making loans accessible and affordable. Traditionally, FHA loans have helped military families who return from war, the elderly, handicapped, or lower-income families, but really, anyone can get an FHA loan – they are not just for first-time home buyers.

Program Features

• FICOs 500+
• Max LTV 96.5%
• Loan amounts vary on location
• Cash-out up to 80% LTV
• Some may qualify for $100 Down Program
• Non-traditional credit references allowed
• New! Rate buydown program available for purchase loans

Loan Terms

Matrices & Guidelines

• FHA Product Matrix
• FHA Simple Refi Matrix
• FHA Product Matrix – $100 Down Loan
• FHA Underwriting Guidelines

Forms

• FHA Manual Underwriting Checklist
• FHA Case Transfer Form

FHA Streamline

Products

• 30yr Fixed
• 25yr Fixed
• 20yr Fixed
• 15yr Fixed
• 10yr Fixed
• 30yr Fixed High Balance

• FHA Streamline Matrix
• FHA Underwriting Guidelines

Forms

• FHA Case Transfer Form

USDA Loans (Delegated only)

550 Minimum FICO – 100% Financing Available USDA loans are used primarily to help low-income individuals or households purchase homes in rural areas. Deliver on your client’s dream of a property in a less-populated area with no money down and possibly no out-of-pocket expenses.

PROGRAM FEATURES

Matrices & Guidelines

• USDA Product Matrix
• USDA Underwriting Guidelines

USDA Streamlined Assist (Delegated only)

No Minimum FICO – No DTI calculations 

Products

• 30yr Fixed

Matrices & Guidelines

• USDA Streamlined Assist Product Matrix
• USDA Underwriting Guidelines

VA Loans

These loans are made by a lender, such as a mortgage company, savings and loan, or bank and are insured by the US Department of Veteran’s Affairs. VA’s guaranty on the loan protects the lender against loss if the payments are not made, and is intended to encourage lenders to offer veterans loans with more favorable terms.

PROGRAM FEATURES

Matrices & Guidelines

• VA Product Matrix
• VA Underwriting Guidelines
• VA Borrower Fees & Charges

VA IRRRL

Products

• VA IRRRL Product Matrix
• VA Underwriting Guidelines
• VA IRRRL Borrower Fees & Charges