Minimum 640 credit score required.
All KHC DAPs and other KHC-approved secondary financing may be used.
Maximum 6% seller-paid items.
Maximum ratios of 40/45 with AUS approval.
FHA’s Appraiser Independence began with case numbers on or after February 15, 2010. Please see Mortgagee Letter 2009-28 for fulldetails.
All borrowers must be scored by TOTAL.
Upfront and Annual Mortgage Insurance Premiums
Beginning with case numbers assigned on or after Monday, October 4, 2010