Primary Residence

• Minimum 600 credit score, minimum 5% down payment (all applicants)
• Minimum 550 credit score, minimum 10% down payment

Minimum criteria:

• Minimum loan amount of $25,000
• Minimum DTI 50%
• Maximum Term 300 months (25-year terms)
• Judgments and Liens MUST Be paid in full or set up on a payment plan and still be within DTI guidelines.
• Must have at least 12-24 months of established installment reported on credit history.
• Alternate credit references, for example, verification of rent may be considered for limited established installment credit.
• Buy Down available, 1 buy down point - 0.25% rate reduction (max 4 points)

Third-party appraisal required by lender-approved appraiser. The maximum allowable loan amount is based on appraised value multiplied by % down.

Disqualifiers:

• BK less than 36 months from discharge date
• Foreclosure less than 60 months
• Must be US Citizen or permanent resident alien
• No current delinquent credit on any open line of credit

Second Home/Vacation Home

• Minimum credit score 660
• Minimum 20% down
• Minimum loan amount is $25,000

Buy For:

• Minimum credit score 660
• 20% minimum down payment
• 10-Year Maximum Term
• Minimum loan amount is $25,000

Refinance:

• Minimum credit score of 660
• Must have positive payment history of at least 12 months for collateral being refinanced
• Must have a net-tangible benefit for the customer
• No Cash-Out Refinance
• Home Only
• Minimum 10% in equity
• Maximum DTI 50%
• Maximum Term 300 months