GENERAL HOMEBUYER QUALIFICATIONS
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
Give us a call today @(678) 840-7955 or (404) 461-3172 to get preapproved for your grant funds today!!!!
Apply online @www.financeofamerica.com/rgraham or email rgraham@financeofamerica.com
Reggie Graham - Licensed Mortgage Loan Originator NMLS# 230060
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