Improved Lower FICO LLPAs for VA, FHA and USDA
Effective May 23, 2019
|FICO||Old LLPA||New LLPA||Improvement|
Plus, Check Out These Unique Government Product Features!
- Leading VA Lender 1 - 100% LTV, No Max Loan Amount, up to 50% DTI on a manual underwrite with 120% of base residual income.
- Top 10 USDA Lender 2 - Uniquely offers potential for "instant equity" by using 100% LTV of the appraised value with no military requirement, 1% upfront guarantee fee, .35% annual fee. Property and income restrictions apply.
- Top FHA Lender 3 - TBD pre-qualifications eligible, DTI determined by AUS, HUD REO properties with escrow holdbacks for repairs of up to $11,000, manual underwriting accepted (with no price adjustments).
1 Inside Mortgage Finance, 2018
2 U.S. Department of Agriculture, October 1, 2017 - January 31, 2018, Obligations Report, Loan Origination Top 50 by lender.
3 Inside Mortgage Finance, 3Q2018