GOVERNMENT LOAN PRODUCTS

FHA

  • Low 3.5% down payment

  • Up to 80% cash out

  • FICOs from 640

  • Flexible credit + underwriting guidelines

  • Gift funds permissible for down-payment and closing costs

  • Manual underwriting allowed subject to approval AUS

FHA STREAMLINE

  • FICOs from 640

  • Flexible credit  + underwriting guidelines

  • Mortgage only credit report accepted

  • May not need to document funds to close

  • Variable loan terms down to 240 can help meet NTB test

  • No appraisal requirement

  • No income verification

VA

  • Loan amounts to $1 million

  • FICOs from 580

  • Cash out up to 100% LTV

  • DTI up to 60% with AUS Approval

  • No monthly mortgage insurance

  • Manual underwriting/AUS Refer

VA IRRRL

  • Loan amounts to $1 million

  • FICOs from 660

  • Finance all closing costs and up to 2% of discount points

  • No LTV Limitation

  • No income or asset verification

  • No appraisals required regardless of occupancy

  • Up to 60 month recoupment permitted

  • Mortgage only Credit Report accepted

**Sol Mortgage is not affiliated with or acting on behalf of or at the direction of FHA/VA/Fannie Mae/Freddie Mac or the Federal Government.