Compare the Difference

By
Mortgage and Lending with Mortgage Loan Finders

                                                          FHA                                 Conventional                                VA      _

Maximum loan limits per County      Yes                                   No                                               No

Maximum loan amount                    Based on County              $417,000.00                              $417,000.00

Mortgage Insurance required          Yes                                  105%                                          100%

Maximum LTV                                  97.75%                             105%                                          100%

Gifts Allowed                                  Yes-Family                         Yes-LTV restrictions                    Yes-Family  

Credit Score requirements              No                                    Yes                                              No

Seasoning for Bankruptcy               2 Years                             4 Years                                       2 Years

Seller Contributions                        6%                                    Based on LTV                              4%

Ratios                                            29/41*                               28/36%*                                    41%* 

Comments (1)

Maureen Francis & Dmitry Koublitsky
Coldwell Banker Weir Manuel - Bloomfield Hills, MI
Coldwell Banker Weir Manuel
Welcome to ActiveRain.  I think you might want to read up about blogging before you post more charts and cut and paste stuff.  Thats not really the point of blogging.  Give us your opinions and observations and do something to create a dialogue.  Your posts will be very well received then.
Aug 14, 2006 02:59 AM