The best resource for FHA loans in Colorado!
- FHA allows credit scores down to 550 FICO scores with AUS approval
- 580+ FICO scores allowed on Non-Credit Qualified Streamlines
- Max DTI Ratios per AUS approval for 600+ FICO borrowers
- Max DTI Ratios of 31/43 for 550 – 599 FICO borrowers
- Manual Underwrites will allow for higher ratios above 31/43 on 600+ FICO borrowers with Compensating Factors
- NO Income Verified and NO Max LTV / CLTV on FHA Streamlines
- FHA Streamlines allow for 2nd Home & NOO occupancy types, and NO appraisal required
- Non-traditional credit permitted on manual underwrites
- Non-occupying co-borrowers allowed with family members up to 96.5% LTV on purchases
- Refer to FHA HUD Handbook 4000.1 regarding underwriting guidelines
Contact Dave Kevelighan regarding FHA scenarios & pricing today!