| Author |
Previous Topic | Next Topic |
|
pmhueg
155 Posts |
 Posted - 05/25/2008 : 11:59:12 AM
|
| WHat LTV can I go to on a FHA JUMBO R/T? I believe C/O is 85% ...correct? |
|
shea1
146 Posts |
Posted - 05/25/2008 : 12:02:08 PM
|
| depends on lender and fico |
|
|
Clr2close
330 Posts |
Posted - 05/25/2008 : 12:02:54 PM
|
Maximum LTV's
Purchase (1-4 Family): 97.75%
Rate/Term Refinance (1-4 Family): 97.75%
Cash-out Refinance (1-2 Family): 95%
Cash-out Refinance (3-4 Family): 85%
|
|
|
pmhueg
155 Posts |
Posted - 05/25/2008 : 12:07:33 PM
|
| No different from regular FHA to Jumbo? |
|
|
Clr2close
330 Posts |
Posted - 05/25/2008 : 12:11:34 PM
|
| nope you just need a certain score with most lenders to do the 417k=> loans or a DU Approve Eligible findings |
|
|
Mandyvilla
3635 Posts |
Posted - 05/25/2008 : 7:57:59 PM
|
Sorry, HUD limits the Jumbos to cash out 85%
http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/08-13mlatt.doc
And this is recommended reading for anyone doing the jumbo FHA loans:
http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/08-09ml.doc
|
|
|
pmhueg
155 Posts |
Posted - 05/27/2008 : 12:37:33 AM
|
| Im looking for R/T, can I still go 97% |
|
|
| |
Previous Topic | Next Topic |
|
Search for: 
