Features and Details

• Minimum of 620 credit score
• Loan limit of $471,500 on FHA high balance (metro areas), if applicable
• Seller contributions of 6% can be used towards closings costs, prepaids and discount points
• 30, 20 and 15-year fixed rate options at competitive rates
• Gift funds allowed as well as non-occupying co-borrowers
• Not available on second homes or investment properties
• No income limits
• Higher debt to income ratios make it easier to qualify