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FHA Program Conforming and High Balance Loans Primary ...
If the borrower currently has an FHA mortgage the borrower is not eligible for FHA financing on a purchase transaction • Purchase transactions: The maximum LTV is 100% (A borrower minimum investment is not required) NOTE: If the LTV exceeds 96.50% (> 96.50% to 100% LTV) TOTAL Scorecard will issue an “Approve/Ineligible” finding.
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