| |
| Mortgage Guidelines: |
| |
|
|
| |
Conventional |
FHA |
VA |
| Maximum Mortgage Amount |
$417K |
$271k |
$271k |
| Minimum Credit Score |
620 |
620 |
620 |
| Minimum Down Payment |
5% |
3.5%
|
0% |
| Buying Power |
45%-50%
|
50%
|
50% |
|
| Mortgage Types: |
| |
|
| Fixed Rate |
Interest rate is fixed for length of loan. |
| Adjustable Rate |
Interest rate adjust up and down with the economy for the length of the loan. |
|
|
|
