This is an FHA niche program for borrowers that have very minimal money to put down on their home purchase

Occupancy:

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Owner Occupied only

Property Types:

SFR only

620 Minimum Credit Score

Loan Amounts:

$2,500,000 Maximum

Maximum financing:

Whatever $100 down equates to

Terms Available:

ARMS - 3 year and 5 year

Fixed - 10, 15, 20, 25 and 30 Year

HUD properties OK in the following states:

203k and 203b not permitted

Nontraditional credit not accepted

States:

Atlanta, Alabama, Florida, Georgia, Kentucky, Illinois, Indiana, Mississippi, North Carolina, South Carolina, Tennessee, Virgin Islands

 

Reference# - 1115248