Key features:

Conventional

  • Eligible loan amount: Conforming loan limits
  • Eligible transactions :Purchase, Rate-and-term
  • Minimum FICO: 660
  • Underwriting method: DU eligible or LPA accept only; No manual underwrites
  • Eligible term 10, 15, 20, 25, 30-year term
  • Eligible occupancy: Primary residence only
  • Eligible MH characteristics: Multi-wide manufactured homes, taxed as real property prior to funding

FHA & VA

  • Eligible loan amount: Conforming loan limits
  • Eligible transactions FHA: Purchase, Rate-and-term, Simple refinance, and Streamline
  • Eligible transactions VA: Purchase, Type 1 Refinance and IRRRL
  • Minimum FICO: 640 FICO
  • Underwriting Method: DU eligible or LPA accept only; No manual underwrites
  • Eligible term FHA: 30- and 25-year term
  • Eligible term VA: 30-year term
  • Eligible occupancy: Primary residence only
  • Eligible MH Characteristics: MH Advantage and Multi-wide manufactured homes taxed as real property prior to funding.

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