FHA Guidelines

  • Max Loan Amount: $647,200 to Max County Limits

  • Bankruptcy and Foreclosure/Short Sale dates go back 2 or 3 years (respectively) from the date of FHA Case number assignment

  • MAX DTI: 50% with Approval

  • Down Payment: 3.5%

  • Max LTV: Purchase 96.50%, Rate/Term Refi. 97.75, Cash Out 85% Streamline 125%

  • CLTV: Same as LTV

  • Reserve Requirements: Per DU Findings

  • Credit Score: 640 for now due to COVID-19 and forbearance & 680 Streamline

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Full QM Matrix