FHA Loan Programs
97% LTV - Full Documentation to $417,000


* See below for FHA limits in your area
* No trade line requirements
* Non-occupant co-borrower ALLOWED
* 3% gift funds okay
* 1-4 units - owner occupied only
* 2-4 units qualify for higher loan limits
* 6% seller concessions ALLOWED
* No reserve requirements (3-4 units - two months PITI reserves)
* Full documentation only (Up to 55% DTI with compensating factors)
* DTI 31%/43%
* No prepay
* Bankruptcy/Foreclosure - 2 years with good reestablished credit
* No manufactured/mobile homes
* NO TEXAS CASH-OUTS
* Cash-out 1-2 units
* 95% LTV Cash-out for loan amount less than $417,000
* 85% LTV Cash-out refinance for loan amount greater than $417,000
* 95% LTV for loan amounts greater than $417,000
* 620 FICO for FHA Jumbo
* Loan amounts greater than $417,000 require two appraisals
* 580 FICO for most products
* Texas FHA
* San Antonio FHA
* Texas FHA Home Loans
* San Antonio FHA Home Loans

Website for Loan Limits
https://entp.hud.gov/idapp/html/hicostlook.cfm

 

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