FHA Plus Mortgage through Finance of America Mortgage TPO offers your borrowers the ability to combine a first and second mortgage, purchase a primary residence, or refinance their current mortgage.
- DTI per AUS up to 50% (DTI per AUS over 50% is permitted with reserves; 620-679 FICO score requires three months’ reserves)
- 620 minimum FICO score (manual underwriting available)
- Streamline refi with a 620 minimum FICO score and mortgage-only credit report
- Fixed terms of 30, 25, 20, and 15 years
- Standard and high-balance loan amounts
- 1–4-unit properties allowed in addition to FHA-approved condo units
- FHA single-unit condo approvals allowed