FHA Purchase 3.5% Down
Program details:
Available for:
- Purchase
- Rate / Term
- Cash out refinance
Terms: 15, 20, 25, 30 year fixed
Residence Types:
- Primary residence only
- 1 unit single family
- Approved condos and PUDs
Ineligible Property:
- Investment properties
- Multi-Unit Housing
- Manufactured housing
- Second homes
- Non-Approved Condos
- New Construction (never been occupied)
- Any property in a Coastal Barrier Area
Loan Amount: FHA’s Max County limit up to the High Balance amount
Max LTV:
- 96.5% for Purchase
- 97.75% for Rate / Term refinance
- 85% for Cash Out refinance
Min FICO: 660
