4/22/2020 Special FHA Fixed

Special FHA Fixed

Standard & Streamline

Program Codes: SFHA-30, -15 & SFHA HB 30, -15 & SFHA ST 30, -15, -HB ST 30, HB ST 15

4/22/2020

Maximum LTV/CLTV & FICO

LTV

CLTV

Min Fico (AUS)

Purchase

96.50%

96.50%

R/T Refinance

90.00%

90.00%

660

Cash Out Refinance

N/A

Streamline

90.00%

** The LTV/CLTV is calculated from the base loan amount prior to financed Up Front MIP and other allowable costs.

Min Fico (Manual) N/A

Maximum Loan Limits

1 Units Low Cost Areas High Cost Areas ** FHA mortgage limits for all areas can be located at

2 Units

3 Units

See the 2020 Loan Limits (Posted on Matrix)



Mortgage Insurance

4 Units

Term of More Than 15 Years

Base Loan Amount

LTV

UFMIP

Annual MIP

Duration

> = 95.01%

0.85%

Mortgage Term

= 625,500

90.01 to 95%

1.75%

1.00%

Mortgage Term

= 90.01% 78.01 to 90.00%

1.75%

0.95% 0.70%

Mortgage Term 11 years

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