KENTUCKY USDA MORTGAGE LOAN INFORMATION
PROGRAM FEATURES FOR USDA LOANS
620+ MIN FICO- REFERS AND GUS ACCEPTS!
- 620+ - YES WE DO REFERS!(29/41 MAX RATIOS)U/W DIRECTLY TO RD MANUAL GUIDES
- 620+ GUS ACCEPTS - NO OVERLAYS - follow GUS findings
- 101% LTV of appraised value
- Ratios to 32/44 w/ 620+ and GUS approval w/ comp. factors for debt waiver
- 35% Annual Fee, 1% Guarantee Fee
- We Accept Transfer Appraisals - No Problem on all loans
- File sent to RD within 24 Hours of UW clear!
- File sent to docs within 24 Hours of Receipt of the RD commitment
- Up to 6% seller concessions allowed
- 620+ - GUS Accept - must have 2 trades for 12 months(open/closed) - or manual downgrade
GUS REFERS
- 620- scores OK!
- 29/41 max ratios
- VOR or 12 months cancelled rents checks required
- Tradelines or alt tradelines required
- Medical collections & charge off accounts ignored - consumer collections follow HUD $2000 guidelines (Call us for details!)
- Minimal lates allowed in past 12 months
