FHA
What is the minimum credit score for an FHA loan at Tomo?
580
What is the minimum credit score for Conventional loans?
620
What is the down payment requirement for a VA loan?
0%
What is the minimum credit score needed for a Jumbo loan?
680
What is Sean G's favorite NFL team?
Eagles
What does UFMIP stand for?
Upfront Mortgage Insurance Premium
What does PMI stand for?
Private Mortgage Insurance
What does COE stand for?
Certificate of Eligibility
Who are our jumbo loan investors?
Chase and Citi
How many points to Ben Ackerley average senior year of high school?
34.7
What is the minimum down payment on an FHA loan?
3.5%
What type of occupancy is allowed?
Primary, Second, or Investment
Primary only
What does non-delegated mean?
Investor underwrites the deal not us
Note: we still manage the sale and process the loan
What sport did Logan play in college?
Track and Field - Throws
What is the minimum credit score for FHA loans?
580
What is the loan limit for a standard conventional loan?
$806,500
Veterans, active-duty service members, national Guard/Reserves
What is our max loan amount?
What position did Madeline Pirrello play in soccer?
Forward
Is an FHA loan for first-time homebuyers only?
No that's cap
What down payment amount avoids PMI on a Conventional Loan?
20%
What is mortgage insurance called on a VA loan?
There is no mortgage insurance required
What is considered a jumbo loan?
Anything $1 above the conforming loan limit
What is Maggie's full name?
Margaret