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Program Highlights

Government 

FHA

  • 96.5% LTV on HUD approved condos

  • Manual Underwriting Allowed

  • Min 580 or NO Score (low pricing adjusters)

  • 203K Streamline (Training Available)

  • Repair Escrow Holdback options

  • Kiddie purchases allowed, parents act as non-occ. co-borrower for students

 

 

VA

  • Manual Underwriting Allowed

  • Min 620 or NO Score (low pricing adjusters)

  • $100 down allowed for HUD REO's

  • DTI is determined by DU

  • NO minimum tradeline or reserve requirements

  • IRRRL with NO appraisal or AVM

 

  • Flip properties allowed, no seller seasoning

  • $100 down allowed for HUD REO's

  • Gifts and DPA Allowed

  • Good neighbor program for: police, teachers, etc.

  • DTI is determined by DU

  • NO minimum tradeline or reserve requirements

  • Streamlines with NO appraisal or AVM

 

 

USDA

  • Min 640 Score

  • 100% Purchase Money

  • New Approved Area Maps

  • DTI is determined by GUS

 

Agency / Conventional

Fannie Mae | Freedie Mac

  • 95% LTV with a 620

  • Little to NO overlays

  • No minimum tradeline requirements

  • Gift Funds allowed

  • Texas Cash-Out/50(a)(6)

  • Appraisal transfers allowed

  • DTI is determined by DO/DU

  • Condos allowed with a limited and full review

 

 

  • "NO MI" Program

  • Gifts and DPA Allowed

  • 90% LTV 2nd homes with a 620 FICO 

  • Seller held 2nds allowed

  • Fannie Mae HomePath©

  • Flips are allowed, no seller seasoning

  • Landlord history – no minimum required

  • Non-Perm. Resident Alien allowed

 

Jumbo "6 Diffrent Programs"
  • Jumbo condos up to 75% LTV

  • 80% LTV up to 2 million

  • 680+ scores

  • Up to 5 Financed properties OK

  • 2nd homes up to 80% with a 700

  • Cash-Out up to 75% with a 700

 

TPO Marketing Flyers (Non-Branded)
  • FHA Program
  • Down Payment Options
  • HARP DU Refi Plus

©2014-16 www.tpolinks.tk   |   Privacy Policy   |   PRMG Licenses   |   Paramount Residential Mortgage Group, Inc. NMLS ID# 75243

“This website is intended for industry professionals and not intended to be an advertisement pursuant to 12 CFR 1026.2(a)(2).

The views expressed on this website are mine and do not necessarily reflect the views of Paramount Residential Mortgage Group”

“Rates are subject to change without notice. Program and guides do not constitute a loan approval, borrowers must qualify based

Off of the program they apply for, all loans are subject to Agency guidelines and may be denied by PRMG  for any reason.”

 

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