USDA 620+ MIN FICONO OVERLAYS!!!!(GUS ACCEPTS AND REFERS)
_______________24 HOUR TURN TIMES_______________
620+ MIN FICO– REFERS AND GUS ACCEPTS!620+ – YES WE DO REFERS!(29/41 MAX RATIOS)U/W DIRECTLY TO RD MANUAL GUIDES620+ GUS ACCEPTS – NO OVERLAYS – follow GUS findings101% LTV of appraised valueRatios to 32/44 w/ 620+ and GUS approval w/ comp. factors for debt waiver0.35% Annual Fee, 1% Guarantee FeeWe Accept Transfer Appraisals – No Problem on all loansFile sent to RD within 24 Hours of UW clear!File sent to docs within 24 Hours of Receipt of the RD commitmentUp to 6% seller concessions allowed620+ – GUS Accept – must have 2 trades for 12 months(open/closed) – or manual downgrade
____________________GUS Refers___________________
620 – scores OK!29/41 max ratiosVOR or 12 months cancelled rents checks requiredTradelines or alt tradelines requiredMedical collections & charge off accounts ignored – consumer collections follow HUD $2000 guidelines (Call us for details!)Minimal lates allowed in past 12 months

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  1. Reblogged this on Kentucky USDA Mortgage Lender for Rural Housing Loans and commented:

    USDA 620+ MIN FICO
    NO OVERLAYS!!!!
    (GUS ACCEPTS AND REFERS)
    _______________24 HOUR TURN TIMES_______________

    620+ MIN FICO- REFERS AND GUS ACCEPTS!
    620+ – YES WE DO REFERS!(29/41 MAX RATIOS)U/W DIRECTLY TO RD MANUAL GUIDES
    620+ GUS ACCEPTS – NO OVERLAYS – follow GUS findings
    101% LTV of appraised value
    Ratios to 32/44 w/ 620+ and GUS approval w/ comp. factors for debt waiver
    0.35% Annual Fee, 1% Guarantee Fee
    We Accept Transfer Appraisals – No Problem on all loans
    File sent to RD within 24 Hours of UW clear!
    File sent to docs within 24 Hours of Receipt of the RD commitment
    Up to 6% seller concessions allowed
    620+ – GUS Accept – must have 2 trades for 12 months(open/closed) – or manual downgrade

    ____________________GUS Refers___________________

    620 – scores OK!
    29/41 max ratios
    VOR or 12 months cancelled rents checks required
    Tradelines or alt tradelines required
    Medical collections & charge off accounts ignored – consumer collections follow HUD $2000 guidelines (Call us for details!)
    Minimal lates allowed in past 12 months

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