Conforming
FNMA minimum credit score required
What is 620? (or blended score >620)
The minimum loan amount for RAP loans.
What is $100,000?
What is 540?
The maximum LTV on a Cash Out Refi at 620 credit score.
What is 90%?
The 5 main benefits?
What is Payment, Cash, Tax, Term, Deferral?
The years since Discharge/Dismissal Ch 7 BK
What is 4 years?
The max LTV on a Cash out RAP "A" loan.
What is 85%?
The amount of 30-day late payments allowed on mortgage history for FHA Cash out loans.
What is 0?
The lowest term available on a VA loan?
What is a 15 year term?
What is "Are some months tight or are you comfortable?"
1. The FNMA max LTV for a 1-unit R/T Inv Property.
2. The FHLMC max LTV for a 1-unit R/T Inv Property.
What is 75%?
What is 80%?
What is 6 months?
If Collection accounts on credit total more than $2000, must either be paid off or included in DTI with a payment of ___ of balance.
What is 5%?
Veteran and Spouse.
Who is allowed on title?
The bare minimum amount of tie-down/trial closes in the 1st Call.
What is 2?
Borrower can't be ___x___ last 12 months mortgage pay history.
What is 1x60?
The minimum credit score required for 80% Cash out on RAP "A-" on primary residence.
What is 700?
The maximum DTI for a 620 credit score with an AUS Refer with No compensating factors.
What is 31/43?
These two main requirements to be able to do an IRRRL loan.
What is, reduce the rate by .5% AND lower monthly payment? (must recoup closing cost within 36 months)
The asset abbreviation ENRICH means/stands for.
What is "Emergency$, Savings$, Retirement, Investments, College, Home Improvement."
Subject to LTV, the maximum dollar amount of cash out borrower able to receive.
What is No limit?
Borrower can't be __x____ last 12 months mortgage pay history for RAP "B".
What is 1x120?
What is 70%?
The maximum loan amount on a VA loan.
What is no maximum?
The minimum number of leads an MA should take each day on average.
What is 13-15 per day?