FHA

1. Minimum 580 FICO required for purchases and full doc refinances, both conforming and jumbo loan amounts
2. Manual U/W allowed for purchases (NO LLPA), up to 40/50 ratios
3. NO FICO allowed with non-traditional credit, max financing allowed
4. NO max DTI with AUS approval
5. Lenient guidelines for recent job gaps
6. Spot Approvals for Condos (FHA Single Unit Approval) – Freedom will obtain and approve all required documentation for Condo Single Unit Approval and/or Full Project Approval (DELRAP), including the costs to obtain the HOA docs
7. Positive Rental History? – we may be able to convert a R/E to A/E by adding this as an additional credit assessment factor for first-time homebuyer’s
8. Buydowns available – 3/2/1, 2/1, 1/1, and 1/0
9. TBD’s allowed with NO LLPA
10.   Manufactured housing allowed for both purchases and refinances, max financing available with 640 minimum FICO
11.   FHA 203(h) loans available (disaster recovery)
12.  DACA recipients and Temporary Protected Status (TPS) are eligible

VA

1. Minimum 580 FICO required for purchases and full doc refinances, both conforming and jumbo loan amounts
2. Manual U/W allowed for purchases and C/O refinances (NO LLPA), up to 50 DTI
3. NO FICO allowed with non-traditional credit, max financing allowed
4. NO max DTI with AUS approval, no LTV or FICO overlays
5. 100% financing with NO MAX loan amount, purchase and C/O refinance
6. Odd terms allowed for Fixed Rate transactions
7. Buydowns available – 3/2/1, 2/1, 1/1, and 1/0
8. TBD’s allowed with NO LLPA
9. VA Non-credit qualifying IRRRL – soft pull, single bureau credit report which must include only (1) score and public records allowed
10. Manufactured housing allowed for both purchases and refinances, max financing available with 640 minimum FICO
11.   Jumbo & Super Jumbo up to 100% LTV & NO MAX loan amount
12.   VA Joint Loans allowed – add a non-occupant, non-veteran, non-spouse co-borrower to qualify
13.   Did you use VA to purchase 1^st home?  Retain that property as a rental and use Partial Entitlement to obtain a new primary.  (could be as much as 100% LTV)

CONVENTIONAL

1. Fixed rate, LTV to 97% for First Time Homebuyers
2. NO DTI max with AUS approval
3. Dual AUS available on our website – automatically compare DU vs. LP
4. Quick Condo Approval if needed – Freedom will obtain and approve all required documentation for Condo Approval , including the costs to obtain the HOA docs
5. FICO <620 accepted with FNMA FICO averaging
6. Borrowers with NO FICO score may be eligible
7. PIW’s accepted
8. Buydowns available – 3/2/1, 2/1, 1/1, and 1/0
9. TBD’s allowed with NO LLPA
10.   DACA recipients may be eligible – Fannie Mae only
11.   LLPA’s waived for FTHB at 100% of the Area Median Income; 120% in High Balance areas
12.   FHLMC Home One – FTHB, NO Income Limits or Geographic Limitations up to 97% LTV
13.   FNMA High Balance and Freddie Mac Super Conforming Available

THAT’S NOT ALL:

1. Purchases can receive free 7-day lock extension
2. 24-48 hour turn time, rushes available
3. Early CD available – NO Appraisal required
4. 90 and 120 day locks available
5. Overnight Lock Protection – through 5:30am PDT
6. We provide Broker Company Contact information on the borrower’s monthly mortgage statement!