Common Contracts
2 similar Home in Five Government Program contracts
Home in Five Government ProgramHome in Five Government Program • October 11th, 2022
Home in Five Government Program Fixed Rate Purchase Occupancy Number of Units Maximum LTV(CLTV per investor guidelines) FICO DTI Primary residence 1 Unit FHA: 96.5% 640 Lesser of 50% or AUS approval1 VA: 100% 1 FHA Manual downgrades are limited to 43% DTI, (see AUS section for full details) Loan Product Eligible Products/Terms • 30 Year Fixed Rate Only *See AUS section for HUD 184 requirements **Use https://www.novoco.com/resource-centers/new-markets-tax-credits/data-tools/nmtc-mapping-toolto determine eligibility for Boost (or in the case of Borrowers with income ≤ 50% AMI and the property is not in a low- income census tract, a screenshot from Fannie Mae or Freddie Mac’s income look up tool). A copy of the screenshot verifying eligibility must be placed in the delivery file.
Home in Five Government ProgramHome in Five Government Program • August 11th, 2021
Home in Five Government Program Fixed Rate Purchase Occupancy Number of Units Maximum LTV(CLTV per investor guidelines) FICO DTI Primary residence 1 Unit FHA: 96.5% 640 Lesser of 50% or AUS approval1 VA: 100% 1 FHA Manual downgrades are limited to 43% DTI, (see AUS section for full details) Loan Product Eligible Products/Terms • 30 Year Fixed Rate Only *See AUS section for HUD 184 requirements **Use https://www.novoco.com/resource-centers/new-markets-tax-credits/data-tools/nmtc-mapping-toolto determine eligibility for Boost (or in the case of Borrowers with income ≤ 50% AMI and the property is not in a low- income census tract, a screenshot from Fannie Mae or Freddie Mac’s income look up tool). A copy of the screenshot verifying eligibility must be placed in the delivery file.
