Conventional: FNMA & FHLMC
Conventional Features
Highlights*
UPDATE: Due to COVID-19, our Conventional Matrices have changed. Please view our Product Updates for more details.
- Up to 97% LTV
- Min FICO 620
- SFR, PUDs, 2-4 units, Condos (Low & High Rise)
- W2 Only Transcripts Allowed
- Mortgage Lates OK per AUS
- 100% of down payment and closing costs may be gifted
- 85% LTV on N/O/O
- Appraisal | PIW | Drive by appraisals OK
- HomeReady: Low down payment – Up to 97% LTV | Flexible sources of funds with no minimum contribution from the borrower’s own funds (one-unit properties)
- Home Possible: Low down payment, up to 97% LTV, up to 105% CLTV
- Up to 10 financed properties
* See product matrices for all details | Products subject to change without notice.
