‣ Minimum Down Payment: 10%
‣ Minimum Credit Scores: 620
‣ Loan Type: FHA
‣ First Time Homebuyer: YES
‣ Non-occupant Cosigner: YES*
‣ Student Loan Calculation: For outstanding Student Loans, regardless of the payment status, the Mortgagee must use:
‣ Debt to Income: 47% / 57%
‣ Own Other Properties: YES*
‣ Derogatory Credit:
‣ Income Limits: NO
‣ Gift Funds: YES*
‣ Maximum Seller Concession: ?
‣ Close Times: 21 days*
Allowed but down payment must be 25% or more.
Allowed from an acceptable gift donor.
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