CURRENT TURN TIMES = 24-96 Hours
  • Registration: 1-3
  • Underwriting: 1
  • Conditions: 1-4
  • CD Requests: 1
  • Docs: 1
  • Funding: 1
Times shown in days.

Loan Programs

Government Loans

Our pricing for VA and FHA loans makes home ownership accessible for all buyers.

FHA

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Direct

Effective: 8/12/2016

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Summary Guidelines
General Guidelines Refer to FHA 4000.1 for detail guidelines.
Credit Score
  • 550 minimum credit score with AUS Approve/Eligible or Accept decision and acceptable for manual downgrade.
  • 550-579 credit score is limited to 90% LTV per FHA 4001. guidelines
  • 580 credit score with Manual UW-AUS Refer/Caution decision
    • Max ratios of 31/43; 40/50 with 2 FHA approved compensating factors
    • 1 month reserves required
    • Owner occupant borrowers, max of 4 borrowers
    • No non-occupant co-borrowers allowed on a manual underwrite
    • No other real estate owned on a manual underwrite
  • No Credit Scores not allowed
  • Non-Traditional Credit not allowed
Manufactured Homes
  • Manufactured Homes are eligible per FHA 4000.1 guidelines with the following overlays:
  • Approve/Eligble or Accept decisions required
  • Non-Occupant co-borrower not allowed

VA

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Direct

Effective: 8/12/2016

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Summary Guidelines
General Guidelines Refer to VA Pamphlet 26-7.
Credit Score
  • 550 minimum credit score with AUS Approve/Eligible or Accept decision
  • 580 credit score with Manual UW-AUS Refer/Caution decision
    • Max ratios of 31/43; Minimum Residual Income must be met
    • Non Veteran, Non Spouse not allowed on a manual underwrite
    • No other real estate owned on a manual underwrite
  • 680 credit scroe required for loan amounts > $625,500
  • 700 credit score required for loan amounts ≥ $1,000,000
  • No Credit Scores not allowed
  • Non-Traditional Credit not allowed
Max Loan Amount Maximum loan amount $1,500,000 including funding fee
IRRRL Max LTV 105% with not AVM