GENERAL:

Mortgage Loan that must meet Fannie Mae or Freddie Mac standards. Max 10 financed homes (owner occupied only)

DOWN PAYMENT: 

3% Minimum

15% Investment Property

MORTGAGE INSURANCE:

Varies depending on down payment and credit score. Not required if putting down 20% down. Can be terminated. 

MINIMUM CREDIT SCORE:

620- No score borrower allowed. (Manual UW Only)

OCCUPANCY REQUIREMENT:

Owner occupied, second home and investment property. 

 

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