FHA
GENERAL REQUIREMENTS
- Down Payment: 3.5% (1–4 Units)
- Credit Score: 580+ FICO
- Mtg. Insurance: Yes (For life of loan)
- Seller Credit: 6%
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