Transcription of FHA Loan Program - Quick Reference Guide - Bankers Xpress
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FHA Loan Program - Quick Reference Guide - Bankers Xpress
FHA loan Program - Quick Reference GuideEligible Products LTV / CLTV Matrices FHA TraditionalUnitsBase LTVCLTV 15, 20, 25 and 30 year Fixed Rate1 - 15 year products are limited to conforming loan balances1 - 5/1 fully amortizing Hybrid ARM with 1/1/5 caps1 - 485%85%1 - FHA Select1 - 4100%125% 25 and 30 year Fixed Rate 1. In some cases (subordinate financing provided by a family member, private individuals, other organizations/ 5 year ARM non-government agencies, a borrower >60 years of age, etc.) subordinate financing may be as high as 100% Features Subordinate financing provided by a government entity may exceed 100% CLTV by the "cost to acquire the Credit scores as low as 560 on Select product property". All products are Fully-Amortizing 2. Maximum LTV / CLTV is 80% if Conforming Select or 75% if High Balance Select.
FHA Loan Program - Quick Reference Guide Eligible Products LTV / CLTV Matrices FHA Traditional Units Base LTV CLTV 15, 20, 25 and 30 year Fixed Rate 1 - 4 96.5% 96.5%..... 15 year products are limited to conforming loan balances 1 - 4 97.75% 97.75% 5/1 fully amortizing Hybrid ARM with 1/1/5 caps 1 - 4 85% 85% 1 - 4 97.75% 125%
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