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 ProgramsHome in Five Government Program • November 9th, 2023
Home in Five Government Program Fixed Rate Purchase Occupancy Maximum LTV(CLTV per investor guidelines) Units FICO DTI Primary residence FHA: 96.5% 1-Unit 640 Lesser of 50% or AUS approval1 2-4 Units2 Manufactured Homes3 660 Lesser of 45% or AUS approval VA: 100% 1-Unit 640 Lesser of 50% or AUS approval1 2-4 Units2 Manufactured Homes3 660 Lesser of 45% or AUS approval 1 FHA Manual downgrades are limited to 43% DTI, (see AUS section for full details)2 2-4 Units permitted for Home in Five Platinum Bond Program Only. See Home in Five Platinum program guidelines for full details.3 See Eligible Property section for full requirements on Manufactured Homes Loan Product Eligible Products/Terms • 30 Year Fixed Rate Only Home in Five Platinum Bond ProgramFHA, HUD 184* and VA First Mortgage Bond Product Codes With 7 Year Forgivable DPA FHA/HUD 184* VA FPX774 – FHA 30-year Bond - 7-year w/ 4% DPA▪ 203b▪ 203k Limited▪ HUD 184 VPX774 – VA 30-year Bond - 7-year w/ 4% DPA 7 Yea
Home in Five Government ProgramsHome in Five Government Program • October 15th, 2024
Home in Five Government Program Fixed Rate Purchase Occupancy Maximum LTV(CLTV per investor guidelines) Units FICO DTI Primary residence FHA: 96.5% 1-Unit 640 Lesser of 50% or AUS approval1 2-4 Units2 Manufactured Homes3 660 Lesser of 45% or AUS approval VA: 100% 1-Unit 640 Lesser of 50% or AUS approval1 2-4 Units2 Manufactured Homes3 660 Lesser of 45% or AUS approval 1 FHA Manual downgrades are limited to 43% DTI, (see AUS section for full details)2 2-4 Units permitted for Home in Five Platinum Bond Program Only. See Home in Five Platinum program guidelines for full details.3 See Eligible Property section for full requirements on Manufactured Homes Loan Product Eligible Products/Terms • 30 Year Fixed Rate Only Home in Five Platinum Bond ProgramFHA, HUD 184* and VA First Mortgage Bond Product Codes With 7 Year Forgivable DPA FHA/HUD 184* VA FPX774 – FHA 30-year Bond - 7-year w/ 4% DPA▪ 203b▪ 203k Limited▪ HUD 184 VPX774 – VA 30-year Bond - 7-year w/ 4% DPA 7 Yea
