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A Pricing Power Up for Your Government Borrower

May 23, 2019 Announcements

Improved Lower FICO LLPAs for VA, FHA and USDA
Effective May 23, 2019

What's Improving?

FICO Old LLPA New LLPA Improvement
620-639 1.625 1.375 .25
640-659 .25 1.25 .125

 

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 ReportLoan Origination Top 50 by lender.
3 Inside Mortgage Finance, 3Q2018

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