Minimum 6 months reserves under 2M
Minimum 9 months reserves over 2M
10% Gift on LTV under or equal to 70% FTHB not allowed on Investment loans
Eligible on investment purchases, rate/term, and cash-out refinances
No minimum tradeline requirements
Borrowers with more than one financed property require an additional months of reserve*
Escrow Waivers allowed
Temporary Rate Buydowns allowed
Eligible on investment purchases, rate/term, & cash-out refinances
Escrow Waivers allowed
Temporary Rate Buydowns allowed
Eligible on primary purchases & rate/term refinances
Homeownership Education required for at least one borrower if all occupants are FTHB
Escrow Waivers allowed
Temporary Rate Buydowns allowed
Eligible on primary purchases & rate/term refinances
Homeownership Education required for at least one borrower if all occupants are FTHB
Non-Occupant Co-borrowers allowed at 95% LTV for 1 Unit
Borrower Paid MI & Lender Paid MI
Escrow Waivers allowed
Temporary Rate Buydowns allowed
Eligible on primary purchases & rate/term refinances only
Homeownership Education required for at least one borrower if all occupants are FTHB
Non-Occupant Co-borrowers allowed at 95% LTV for 1 Unit
At least one borrower must be a FTHB
5/6 ARM’s, 7/6 ARM’s, & 10/6 ARM’s available
Borrower Paid MI & Lender Paid MI only
Escrow Waivers allowed
Temporary Rate Buydowns allowed
Eligible on primary purchases, rate/term & cash-out refinances
Homeownership Education required for at least one borrower if all occupants are FTHB
Non-Occupant Co-borrowers NOT allowed for Cash-out transactions
Escrow Waivers NOT allowed
Temporary Rate Buydowns allowed
Eligible on primary purchases, rate/term & cash-out refinances
Non-Occupant Co-borrowers allowed
Temporary Rate Buydowns allowed Escrow Waivers allowed
Eligible on primary purchases, rate/term & cash-out refinances
Non-Occupant Co-borrowers allowed