FHA

GENERAL REQUIREMENTS

  • Down Payment: 3.5% (1–4 Units)
  • Credit Score: 580+ FICO
  • Mtg. Insurance: Yes (For life of loan)
  • Seller Credit: 6%
Ideal For: 600s FICOs, FTHB, & Multi-Units

MORE FEATURES

  • Primary residence only
  • Allows for higher debt-to-income ratio
  • Gift funds allowed for closing costs & down payment
  • Non-borrowing spouses required to include their debts
  • No Non-occupant Co-signers allowed