FHA, VA, and USDA Highlights!!

FHA HIGHLIGHTS FHA- 580+ FICO for PURCH, RT, C/O including Flips & High Balance! FHA - Repair Escrows OK! FHA - 203k Full & Streamline w/ 580 FICO! FHA - HUD REO $100 Down Homes OK! FHA- MFG HOMES OK - 580+ FICO - 620+ FOR SINGLE WIDE   FHA- No LTV Caps! FHA- NO OVERLAYS!!! FHA - YSP Credit UNLIMITED!!! FHA- No DTI CAP - Follow AUS Findings!!! FHA- NO Minimum Credit History or Trades with AUS Approval! FHA- No VOR Unless Required by DU Findings! FHA- Transfer appraisals from ANY lender/AMC OK! FHA- Borrowers with 1 FICO OK! FHA- Collections - HUD Guides Apply - Medical & Charge Offs Ignored! FHA- Mortgage Late OK if AUS Approved!!! FHA- Non-Occupant co-signers - NO MINIMUM FICO! FHA- ESCROW STATE - Non Purchasing Spouse derog’s ignored - only affects DTI FHA- Borrower w/ Work Permits, Non-Resident Alien OK! FHA- 1 Day off Market for Cashout Refi! - Must be off market before date of loan application! FHA- Rental Income on 2-4 Units OK for FTHB!!! FHA- Streamline - 580 Score for- Conforming & JUMBO! No Appraisal, No Income, No Credit Qualifying!!! FHA- Streamline - Max 1x30 in past 12 mos - Cannot be late within past 90 Days! FHA- Streamline -Investment and 2nd Homes OK! FHA- Streamline NO SCORE - Ignore other property

VA HIGHLIGHTS VA- Min 580 FICO regardless of Loan Amount! VA- MFG HOMES OK - 580+ FICO - 620+ FOR SINGLE WIDE  VA- LP or DU FINDINGS OK!!!  VA- NO OVERLAYS!!! VA - YSP Credit UNLIMITED!!! VA- No DTI CAP - Follow AUS Findings!!! VA- NO Minimum Credit History or Trades with Approved or Refer AUS Findings! VA- No VOR Unless Required by DU Findings! VA- Borrowers with 1 FICO OK! VA- NO COLLECTIONS paid UNLESS required by AUS! VA- Up to 2x30 OK on RT, Cashout, Purchase! VA - IRRRL 580+ W/ Appraisal 100% LTV! VA - IRRRL 620+ W/O Appraisal ANY LTV! VA-IRRRL 620+ W/O Appraisal HIGH BALANCE!  VA- IRRRL Job Listed on 1003 Only VA- IRRRL No Income OK VA - C/O Refi's up to 100%!! VA- Approved/Eligible - Unlimited DTI!   VA- REFER/ELIGIBLE - 43% Max Ratio VA- 580+ - All Purchases and all REFIs!!! VA- No Seller Title Seasoning!!! VA- Seller can pay all closing costs & Prepaids + ADDITIONAL 4% VA- 1 Day Off MLS FOR all Refi's including Cashout!

USDA HIGHLIGHTS USDA- Min 580 FICO USDA- Order your own appraisal through any AMC USDA- 640+ - No Overlays to GUS Findings USDA- 640+ - No Trades/Alt Trades OK - No Collections Paid USDA- 580-639 - Refers OK - Max 29/41 Ratio USDA- 640+ - No Rent Verify No VOR USDA- 640+ - No Tradeline Requirement USDA- No Title Seasoning USDA- Max Loan $417k - 102% LTV Of Appraised Value USDA- .40% Monthly MI, 2% Guarantee Fee USDA- No Asset Verification if No Funds needed to close, No reserves USDA-Gift Funds Allowed - Max 6% Seller Concession USDA-Ratios to 36/48 w/ 640+ and GUS Approval w/ Comp. Factors USDA - File sent to RD within 24 Hours of UW Clear! USDA - No Rent Verif. Required Unless we need Ratio Waiver & GUS Refer USDA - Streamline Refi ok w/ 580+ FICO

For more information about this subject or loans contact us by phone at 713-373-0345 or via email info@nuhomegroup.com

Frank Marta NMLS# 245813/835196

www.nuhomegroup.com