Borrowers must meet the following requirements: • Occupy the residence as their primary residence; non-occupant co-borrowers are not allowed. You don't have to be a first time homebuyer. • Qualifying income cannot exceed NHF income limits for the county in which the property is located: 115% Area Median Income (AMI). Refer to www.nhfloan.org. • Minimum Credit Score of 620. • Maximum DTI (Determined by AUS) Manual underwriting not allowed • Meet all required FHA underwriting criteria. • Manufactured Housing not allowed MAXIMUM LOAN AMOUNT The lesser of $417,000 (not including MIP) or maximum loan amounts permitted by HUD
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finance of america: FHA MORTGAGE LOANS with NO TAX RETURNS!!!
- 03/31/16 02:16 AM
Finance of America Mortgage is pleased to announce our FHA plus Program. This allows borrowers to purchase or refinance with a FHA mortgage with a 580 middle score or higher; and not have the underwriter review your tax returns unless you are using self-employed income to qualify, or more than 25% of your income is commissioned. Tax returns with excessive write-offs have caused numerous mortgage loans to be denied for insufficient income. It you feel this program could help you or someone your know, give us a call today @404.461.3172 or apply online at www.financeofamerica.com/rgraham.
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