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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