Transcription of VA Loan Matrix - ResMac
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VA Loan Matrix - ResMac
VA loan Matrix Updated Max Minimum Credit Score Occupancy Transaction Type Number of Units LTV/CLTV/HCLTV Standard High Balance Purchase 1-4 Units 100% 600 620. Primary Residence Cash-Out 1-4 Units 100% 600 640. All Occupancy Types IRRRL 1-4 Units N/A 600 620. VA Helpful Links VA 26-7 Pamphlet VA Funding Fee Tables VA Circulars VA Regional Centers Request for COE VA loan Limits Guidelines Borrowers All borrowers must have a valid Social Security number and at least one credit score. DPA's & MCC's Down Payment Assistance programs and Mortgage Credit Certificates are not permitted.
Updated 2.16.16 Residual Income Vesting Page 2 of 2 All loans with < 620 credit score require a DU Approve/Eligible. Manual underwriting is not permitted.
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