FHA loans with FICO scores 600-619 now available!

NextRE has just received word from our lending partner, PrimeLending, that FHA loans with FICO scores between 600-619 are now available!

For further information, please use the contact form at the bottom of this page and we will get back to you as soon as possible!

In a continuing effort to “expand PrimeLending’s playbook” a new variance for FHA loans with FICOs 600-619 is now available!

    AUS Approved
    Primary Home (NOCB allowed)
    Purchase ONLY
    Single Family Residences Only
    Max Ratios– 31/43%
    All installment loans under 10 months included in DTI
    All deferred student loans must be included in DTI
    No Declining Income
    Max Seller Contribution – 3%
    No lates on housing payment in last 12 months
    2 months reserves (from Borrower’s savings or checking – not retirement)
    High Balance not allowed
    Bond/DPA programs not allowed
    Borrower’s that abuse credit may not be eligible at UW discretion

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