Conforming Product
- Program Overview
- Minimum 620 FICO
- Manufactured Homes OK
- Lender Paid MI up to 95% LTV
- Investors allowed up to 10 financed properties
Conforming High Balance and Super Conforming
A Conforming High Balance loan offers program flexibility and attractive pricing to the homebuyer for amounts above the conforming loan limit.
- Program Overview
- Minimum 620 FICO
- As little as 5% down
- Financing available for primary, second homes, and investment properties
Freddie Mac Home Possible
Home Possible mortgages offer low down payments for low-to-moderate-income homebuyers or buyers in high-cost or underserved communities.
Home Possible Advantage
- As little as 3% down payment
- Maximum LTV of 97% and CLTV of 105%
- Flexible Sources of Down Payment
- Down payment can come from a variety of sources including family or down payment assistance programs
- Stable Mortgages
- fixed-rate mortgages with a term up to 30 years
- Income Flexibility
- Primary Residence Only
Home Possible
- As little as 5% down payment
- Maximum LTV/TLTV 95%
- Flexible Sources of Down Payment
- Down payment can come from a variety of sources including family or down payment assistance programs
- Refinance Options
- Income Flexibility
- No income limits in underserved areas
Fannie Mae HomeReady
Designed for creditworthy, low-to-moderate income borrowers, with expanded eligibility for financing homes in designated low-income, minority and disaster impacted communities.
- HomeStyle Renovation is ineligible.
- Low down payment (up to 97% LTV)
- Affordable & Cancellable Mortgage Insurance (Lower than standard MI coverage requirements with option to cancel when loan balance drops below 80%)