| Conventional Refinance |
FHA Streamline |
VA IRRL |
USDA Streamline |
Texas Cash Out |
|
|---|---|---|---|---|---|
| Minimum FICO Credit Score |
620 | 640 | 660 | 620 | 620 |
| Maximum Loan To Value |
95% | 95% | 100% | 100% | 80% |
| Maximum Debt To Income |
45%* | 50%* | 41%* | 41%* | 45%* |
| Mortgage Insurance |
Yes > 80% LTV |
Yes | No | Yes | No |
| Years Since Bankruptcy |
4 | 2 | 2 | 3 | 4 |
| Years Since Foreclosure |
7 | 3 | 2 | 3 | 7 |
| Years Since Short Sale |
4 | 3 | 2 | 3 | 4 |
| Special Qualification Requirements |
None | Must have FHA Mortgage | Must be U.S. Veteran | USDA *Rural* Property Only | Texas Only |
| Conventional Refinance | |
| Minimum FICO Credit Score: |
620 |
| Maximum Loan To Value: |
95% |
| Maximum Debt To Income: |
45%* |
| Mortgage Insurance: |
Yes > 80% LTV |
| Years Since Bankruptcy: |
4 |
| Years Since Foreclosure: |
7 |
| Years Since Short Sale: |
4 |
| Special Qualification Requirements: |
None |
| FHA Streamline | |
| Minimum FICO Credit Score: |
640 |
| Maximum Loan To Value: |
95% |
| Maximum Debt To Income: |
50%* |
| Mortgage Insurance: |
Yes |
| Years Since Bankruptcy: |
2 |
| Years Since Foreclosure: |
3 |
| Years Since Short Sale: |
3 |
| Special Qualification Requirements: |
Must have FHA Mortgage |
| VA IRRL | |
| Minimum FICO Credit Score: |
660 |
| Maximum Loan To Value: |
100% |
| Maximum Debt To Income: |
41%* |
| Mortgage Insurance: |
No |
| Years Since Bankruptcy: |
2 |
| Years Since Foreclosure: |
2 |
| Years Since Short Sale: |
2 |
| Special Qualification Requirements: |
Must be U.S. Veteran |
| USDA Streamline | |
| Minimum FICO Credit Score: |
620 |
| Maximum Loan To Value: |
100% |
| Maximum Debt To Income: |
41%* |
| Mortgage Insurance: |
Yes |
| Years Since Bankruptcy: |
3 |
| Years Since Foreclosure: |
3 |
| Years Since Short Sale: |
3 |
| Special Qualification Requirements: |
USDA *Rural* Property Only |
| Jumbo Refinance | |
| Minimum FICO Credit Score: |
|
| Maximum Loan To Value: |
|
| Maximum Debt To Income: |
|
| Mortgage Insurance: |
|
| Years Since Bankruptcy: |
|
| Years Since Foreclosure: |
|
| Years Since Short Sale: |
|
| Special Qualification Requirements: |
|
| Texas Cash Out | |
| Minimum FICO Credit Score: |
620 |
| Maximum Loan To Value: |
80% |
| Maximum Debt To Income: |
45%* |
| Mortgage Insurance: |
No |
| Years Since Bankruptcy: |
4 |
| Years Since Foreclosure: |
7 |
| Years Since Short Sale: |
4 |
| Special Qualification Requirements: |
Texas Only |
* General guidelines listed in this loan comparison chart are subject to exception based on your individual financial history and status. Speak with a licensed mortgage consultant about your qualification for a mortgage loan. Loan programs, rates, terms, and conditions are subject to change without notice. Terms and conditions apply. All loans are subject to federal underwriting guidelines.
