YOUR HOME LOAN CHEAT SHEET
CONVENTIONAL
MINIMUM FICO SCORE
- 620 min FICO or 640 with MI
- *Contact your MI company for details
- MI required if less if less than 20% down
- 100% gift funds allowed
- Up to 9% seller contribution
FHA
MINIMUM FICO SCORE
- 580-620 with DTI limits
- 580 high balance with limits
- UPMIP financed
- Monthly MI required
- 100% gift funds allowed
- Up to 6% seller contribution
VA
MINIMUM FICO SCORE
- 620 with DTI Limits
- 640 high balance with limits
- Upfront funding fee financed
- No monthly MI required
- 100% gift funds allowed
- Up to 4% seller contribution
USDA
MINIMUM FICO SCORE
- 620 with manual UW
- 640 standard guides
- Upfront funding fee financed
- Annual fee required
- Up to 6% seller contribution
*This communication is for informational purposes only, this is not a commitment to lend. Individual buyer's financial circumstances may be different and may result in different interest rates, costs, and payments. All programs are subject to change or cancelation at any time and without notice. Please consult your licensed Loan Originator to learn more about mortgage products, your eligibility, and ask for an official Loan Estimate before choosing your loan.
