FHA Matrix - resmacb2b.com

FHA Matrix Updated Occupancy Transaction Type Number of Units Max LTV/CLTV/HCLTV Minimum Credit Score Standard High Balance Primary Residence Purchase 1-4 Units 5803 620 Rate & Term Refinance 5803 620 Cash-Out 85% 5803 640 Simple Refinance 5803 620 All Occupancy Types Streamline Refinance 100%2/125% 620 620 1 LTV can be exceeded for HUD REO $100 down program per FHA eligibility / 2 Refer to FHA Handbook for maximum loan amount calculation/3 Standard credit scores does not apply to NDC. Fico requirement for NDC is 620. Helpful FHA Links Handbook FHA FAQ Home FHA Loan Limits HUD Approved Condos Overlays Borrowers All borrowers must have a valid Social Security number and at least one credit score.

Information in this matrix is a summary only and is not a complete representation of ResMac Lending Policies. Refer to FHA 4000.1 Handbook for detailed requirements.

Tags:

  Resmac

Information