Fresno FHA Loan Rates, Closing Costs & Stats

FRESNO, CA

FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

For additional requirements as defined by the FHA, click here.

Fresno's 137 lenders originated 2,569 FHA loans during 2022. The total origination value was $784,545,000, with an average FHA loan value of $305,389.

Fresno FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Fresno averaged 6.3% for the week of 2024-02-16, compared to the national average (all FHA variants) of 6.611% for the same period.

Fresno's average FHA mortgage closing costs are $9,190.

The average rate for the prior week (2024-02-09) was 6.3% and one month ago for the week of 2024-01-12, the average rate was 6.14%.

The average rate one year ago was 5.99%.

For refis of the same type during the week of 2024-02-16, the average rate was 5.26%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Fresno FHA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Fresno level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 344 4.71% $11,851
QUICKEN LOANS, LLC 205 4.46% $12,305
ALAMEDA MORTGAGE CORPORATION 148 5.11% $13,283
HOME POINT FINANCIAL CORPORATION 140 4.21% $11,501
COUNTRY CLUB MORTGAGE, INC. 109 4.92% $12,815
HOMEBRIDGE FINANCIAL SERVICES, INC. 66 4.61% $12,992
Century Mortgage Company DBA Century Lending Company 58 5.28% $14,242
AMERICAN PACIFIC MORTGAGE CORPORATION 51 4.66% $12,428
LOANDEPOT.COM, LLC 45 4.54% $11,466
KINGS MORTGAGE SERVICES, INC. 45 5.05% $13,337
CMG MORTGAGE, INC. 44 4.71% $12,958
INSPIRE HOME LOANS INC. 43 4.99% $14,656
FREEDOM MORTGAGE CORPORATION 41 4.53% $11,161
Sierra Pacific Mortgage Company, Inc. 40 4.95% $12,852
PENNYMAC LOAN SERVICES, LLC 39 3.98% $10,808
CARDINAL FINANCIAL 36 4.58% $14,215
Mr. Cooper ( Nationstar Mortgage ) 35 4.40% $14,819
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 32 5.00% $13,322
EAGLE HOME MORTGAGE, LLC 31 4.82% $13,453
CROSSCOUNTRY MORTGAGE, LLC 23 4.72% $13,720
DHI MORTGAGE COMPANY, LTD. 23 4.14% $10,928
CALIBER HOME LOANS, INC. 23 4.57% $11,929
BAY EQUITY LLC 22 4.63% $13,457
Carrington Mortgage Services, LLC 22 4.44% $10,831
Lakeview Community Capital, LLC 21 3.88% $7,761
GUILD MORTGAGE COMPANY 21 5.30% $14,429
PLAZA HOME MORTGAGE, INC. 19 5.18% $12,317
AMERISAVE MORTGAGE CORPORATION 19 4.74% $12,111
Equity Prime Mortgage LLC 19 5.31% $14,807
LOANPAL, LLC 18 4.44% $12,956
Platinum Home Mortgage Corporation 18 5.03% $14,628
MUFG Union Bank 17 4.40% $10,139
Amerifirst Financial, Inc. 17 5.36% $10,315
GUARANTEED RATE, INC. 16 5.42% $12,065
PREMIER MORTGAGE RESOURCES, L.L.C. 16 4.99% $13,400
FINANCE OF AMERICA MORTGAGE LLC 15 4.14% $12,026
BROKER SOLUTIONS, INC. 14 5.11% $12,010
Paramount Residential Mortgage Group, Inc. 14 5.35% $14,570
Commerce Home Mortgage, Inc. 14 4.59% $12,235
LAKEVIEW LOAN SERVICING, LLC 13 3.98% $8,561
Flagstar Bank, FSB 12 4.16% $12,954
EVERETT FINANCIAL, INC. 12 5.11% $8,597
RESIDENTIAL BANCORP 11 4.71% $13,746
MOUNTAIN WEST FINANCIAL, INC. 11 5.34% $15,846
RESIDENTIAL WHOLESALE MORTGAGE, INC. 10 5.22% $12,636
NEWREZ LLC 10 4.92% $13,158
ARK-LA-TEX FINANCIAL SERVICES, LLC. 10 4.96% $9,969
Pacific Lending LLC 9 4.65% $13,499
CHERRY CREEK MORTGAGE, LLC 8 5.39% $6,391
OCMBC, INC. 8 5.70% $14,974
NATIONS DIRECT MORTGAGE, LLC 7 4.55% $11,606
SUN WEST MORTGAGE COMPANY, INC. 7 4.98% $12,919
VILLAGE CAPITAL MORTGAGE 7 4.21% $9,673
AMERICAN FINANCING CORPORATION 7 4.23% $11,885
Golden Empire Mortgage, Inc. 7 4.93% $16,659
BECKAM FUNDING CORP. 6 5.92% $18,673
AmeriHome Mortgage Company, LLC 6 4.31% $11,018
CASTLE & COOKE MORTGAGE, LLC 6 4.63% $15,942
KBHS HOME LOANS, LLC 6 5.25% $19,206
TOP FLITE FINANCIAL, INC. 6 5.02% $18,993
PLANET HOME LENDING, LLC 5 3.80% $6,558
MLD MORTGAGE INC. 5 4.33% $9,861
NETWORK CAPITAL FUNDING CORPORATION 5 4.45% $12,577
First Guaranty Mortgage Corporation 5 3.35% $12,942
THE GOLDEN 1 5 3.73% $11,455
MID AMERICA MORTGAGE, INC. 4 5.38% $5,645
SUMMIT FUNDING, INC. 4 4.90% $13,348
Wells Fargo Bank 4 5.50% $10,206
Hometown Equity Mortgage, LLC 4 4.69% $14,138
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 5.25% $14,696
ENVOY MORTGAGE, LTD 4 5.22% $14,488
TOWNE MORTGAGE COMPANY 4 5.47% $13,706
MOVEMENT MORTGAGE, LLC 4 4.16% $14,662
ACADEMY MORTGAGE CORPORATION 4 5.41% $18,996
LADERA LENDING, INC. 4 4.81% $11,843
Bank of America 4 5.38% $11,489
CALCON MUTUAL MORTGAGE LLC 3 5.21% $12,415
BEST CAPITAL FUNDING 3 3.75% $13,557
Bank of the West 3 5.75% $9,204
MUTUAL OF OMAHA MORTGAGE, INC. 3 4.79% $12,757
SCENIC OAKS FUNDING, INC. 3 5.63% $11,430
SECURITYNATIONAL MORTGAGE COMPANY 3 5.29% $12,429
LAND HOME FINANCIAL SERVICES, INC. 3 5.67% $12,595
VERITAS FUNDING, LLC 3 5.46% $13,174
Northpointe Bank 3 5.04% $10,044
NP, Inc. 3 5.83% $16,295
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 4.00% $14,726
ZILLOW HOME LOANS, LLC 2 4.06% $9,447
Prosperity Home Mortgage, LLC 2 5.37% $11,405
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 4.50% $10,705
GENEVA FINANCIAL, LLC 2 4.19% $15,298
Mortgage Research Center, LLC 2 4.56% $9,087
NFM, INC. 2 5.38% $12,695
CITYWIDE HOME LOANS, LLC 2 5.12% $9,913
Plains Commerce Bank 2 5.06% $18,028
HOME APPROVALS DIRECT, INC. 2 4.50% $15,660
ARC HOME LLC 2 4.44% $14,852
STEARNS LENDING, LLC 2 3.31% $10,857
The Federal Savings Bank 2 3.81% $16,184
S1L, Inc. 2 5.25% $9,531
HOMEXPRESS MORTGAGE CORP. 1 5.63% $12,015
ISERVE RESIDENTIAL LENDING, LLC 1 4.25% $9,599
JMAC LENDING, INC. 1 4.13% $9,464
JPMorgan Chase Bank 1 5.75% $9,249
Wyndham Capital Mortgage, Inc. 1 3.50% $6,705
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 1 3.88% $13,043
HOME FUNDING CORPORATION 1 5.63% $19,867
LEADERONE FINANCIAL CORPORATION 1 5.63% $18,426
LENDING 3, INC. 1 6.25% $21,249
LENOX FINANCIAL MORTGAGE CORPORATION 1 4.63% $10,092
Franklin Loan Corporation 1 7.13% $15,626
MASON MCDUFFIE MORTGAGE CORPORATION 1 6.75% $10,484
Mid-Continent Funding, Inc. 1 5.50% $16,471
First Savings Bank 1 6.25% $17,329
M&T Bank 1 6.00% $9,135
EMBRACE HOME LOANS, INC. 1 3.63% $8,977
Nations Lending Corporation 1 7.25% $17,679
Neighborhood Loans, Inc. 1 4.38% $11,104
Cornerstone First Mortgage, Inc 1 5.25% $9,617
NOVA FINANCIAL & INVESTMENT CORPORATION 1 3.25% $4,703
CENTRAL COAST LENDING, INC. 1 4.13% $10,978
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 4.63% $9,017
BETTER MORTGAGE CORPORATION 1 3.00% $7,846
PHH Mortgage Corporation 1 6.25% $11,080
PREMIER LENDING, INC. 1 4.63% $12,282
Barrington Bank & Trust Company, N.A. 1 5.50% $15,277
Princeton Mortgage Corporation 1 4.99% $12,764
AXIA FINANCIAL, LLC 1 5.13% $25,920
AUGUSTA FINANCIAL, INC. 1 5.25% $10,940
SOVEREIGN LENDING GROUP INCORPORATED 1 2.25% $18,751
Strong Home Mortgage, LLC 1 2.50% $6,308
Texana Bank 1 5.25% $10,508
U.S. Bank 1 3.25% $17,086
AMERICAN FINANCIAL RESOURCES, INC. 1 4.38% $8,910
VISION ONE MORTGAGE, INC. 1 6.50% $17,955
iCore Lending, Inc. 1 4.25% $8,836
INTELLILOAN, INC. 1 5.63% $10,961

The top Fresno FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 344 FHA loans originated. Their average total fees are $11,851, which is $454 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Fresno FHA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC ($7,761), LAKEVIEW LOAN SERVICING, LLC ($8,561), EVERETT FINANCIAL, INC. ($8,597), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($9,969) and MUFG Union Bank ($10,139).

The lowest rate Fresno FHA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC (3.88%), PENNYMAC LOAN SERVICES, LLC (3.98%), LAKEVIEW LOAN SERVICING, LLC (3.98%), DHI MORTGAGE COMPANY, LTD. (4.14%) and FINANCE OF AMERICA MORTGAGE LLC (4.14%).

Fresno FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
FRESNO, CA FRESNO 2022 $420,680 $538,650 $651,050 $809,150
FRESNO, CA FRESNO 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Fresno (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $305,543 (11.1%) $396,102 (8.0%) 1.13 1,691
2018-02-01 $304,950 (10.9%) $396,361 (7.3%) 1.11 1,707
2018-03-01 $309,950 (12.7%) $404,628 (8.7%) 1.09 1,766
2018-04-01 $313,450 (8.1%) $403,555 (6.0%) 1.06 1,861
2018-05-01 $315,000 (5.0%) $409,986 (2.9%) 1.05 1,944
2018-06-01 $317,000 (2.6%) $416,194 (3.1%) 1.06 2,076
2018-07-01 $315,000 (3.3%) $409,884 (0.9%) 1.05 2,176
2018-08-01 $315,000 (4.6%) $403,164 (0.1%) 1.06 2,269
2018-09-01 $310,000 (3.3%) $396,527 (0.5%) 1.04 2,399
2018-10-01 $309,987 (1.6%) $399,187 (1.8%) 1.05 2,474
2018-11-01 $309,450 (-0.1%) $396,931 (0.8%) 1.05 2,437
2018-12-01 $309,900 (0.3%) $396,191 (0.3%) 1.07 2,232
2019-01-01 $305,250 (-0.1%) $382,184 (-3.5%) 1.05 2,083
2019-02-01 $308,338 (1.1%) $384,972 (-2.9%) 1.04 2,135
2019-03-01 $313,429 (1.1%) $400,124 (-1.1%) 1.02 2,132
2019-04-01 $317,678 (1.4%) $396,699 (-1.7%) 1.01 2,201
2019-05-01 $325,000 (3.2%) $404,616 (-1.3%) 1.02 2,239
2019-06-01 $334,700 (5.6%) $414,977 (-0.3%) 1.05 2,282
2019-07-01 $337,500 (7.1%) $415,382 (1.3%) 1.06 2,257
2019-08-01 $333,000 (5.7%) $411,998 (2.2%) 1.05 2,289
2019-09-01 $328,500 (6.0%) $407,043 (2.7%) 1.05 2,298
2019-10-01 $326,355 (5.3%) $407,316 (2.0%) 1.05 2,267
2019-11-01 $325,900 (5.3%) $412,119 (3.8%) 1.07 2,133
2019-12-01 $326,785 (5.5%) $407,612 (2.9%) 1.09 1,931
2020-01-01 $329,000 (7.8%) $410,971 (7.5%) 1.10 1,677
2020-02-01 $329,000 (6.7%) $407,099 (5.8%) 1.08 1,641
2020-03-01 $339,913 (8.5%) $426,183 (6.5%) 1.07 1,601
2020-04-01 $336,840 (6.0%) $417,015 (5.1%) 1.06 1,686
2020-05-01 $340,000 (4.6%) $429,866 (6.2%) 1.03 1,576
2020-06-01 $349,886 (4.5%) $444,598 (7.1%) 1.03 1,324
2020-07-01 $354,500 (5.0%) $460,040 (10.8%) 1.03 1,120
2020-08-01 $364,900 (9.6%) $470,491 (14.2%) 1.05 1,023
2020-09-01 $362,500 (10.4%) $476,719 (17.1%) 1.04 1,041
2020-10-01 $359,900 (10.3%) $480,584 (18.0%) 1.03 1,023
2020-11-01 $363,100 (11.4%) $499,247 (21.1%) 1.06 951
2020-12-01 $354,500 (8.5%) $487,200 (19.5%) 1.05 858
2021-01-01 $365,000 (10.9%) $500,299 (21.7%) 1.09 694
2021-02-01 $362,500 (10.2%) $510,906 (25.5%) 1.06 637
2021-03-01 $373,900 (10.0%) $520,334 (22.1%) 1.06 640
2021-04-01 $389,225 (15.6%) $537,645 (28.9%) 1.05 679
2021-05-01 $399,900 (17.6%) $554,522 (29.0%) 1.06 725
2021-06-01 $406,143 (16.1%) $557,319 (25.4%) 1.07 855
2021-07-01 $399,950 (12.8%) $545,308 (18.5%) 1.06 964
2021-08-01 $401,750 (10.1%) $542,345 (15.3%) 1.07 1,035
2021-09-01 $413,500 (14.1%) $634,237 (33.0%) 1.10 1,073
2021-10-01 $419,000 (16.4%) $542,913 (13.0%) 1.12 1,029
2021-11-01 $427,000 (17.6%) $552,727 (10.7%) 1.14 967
2021-12-01 $437,000 (23.3%) $567,941 (16.6%) 1.18 838
2022-01-01 $439,000 (20.3%) $580,001 (15.9%) 1.19 677
2022-02-01 $420,000 (15.9%) $566,072 (10.8%) 1.09 671
2022-03-01 $434,950 (16.3%) $582,657 (12.0%) 1.09 722
2022-04-01 $449,000 (15.4%) $595,920 (10.8%) 1.07 812
2022-05-01 $454,997 (13.8%) $591,873 (6.7%) 1.04 1,022
2022-06-01 $452,950 (11.5%) $577,404 (3.6%) 1.01 1,245
2022-07-01 $449,900 (12.5%) $563,143 (3.3%) 1.01 1,614
2022-08-01 $442,500 (10.1%) $551,008 (1.6%) 1.02 1,646
2022-09-01 $447,450 (8.2%) $551,236 (-13.1%) 1.05 1,651
2022-10-01 $435,000 (3.8%) $542,135 (-0.1%) 1.02 1,722
2022-11-01 $427,000 (0.0%) $543,406 (-1.7%) 1.03 1,713
2022-12-01 $430,000 (-1.6%) $549,282 (-3.3%) 1.06 1,487
2023-01-01 $437,000 (-0.5%) $557,223 (-3.9%) 1.08 1,313
2023-02-01 $441,250 (5.1%) $578,412 (2.2%) 1.06 1,159
2023-03-01 $444,968 (2.3%) $588,557 (1.0%) 1.05 1,067
2023-04-01 $450,000 (0.2%) $611,634 (2.6%) 1.05 981
2023-05-01 $472,275 (3.8%) $623,300 (5.3%) 1.07 1,023
2023-06-01 $477,533 (5.4%) $624,819 (8.2%) 1.07 1,062
2023-07-01 $486,250 (8.1%) $635,826 (12.9%) 1.11 1,115
2023-08-01 $481,250 (8.8%) $635,836 (15.4%) 1.11 1,279
2023-09-01 $474,181 (6.0%) $616,563 (11.9%) 1.10 1,345
2023-10-01 $469,000 (7.8%) $607,521 (12.1%) 1.10 1,443
2023-11-01 $460,000 (7.7%) $597,299 (9.9%) 1.10 1,545
2023-12-01 $462,750 (7.6%) $608,484 (10.8%) 1.13 1,470
Fresno's median listing price for 2023-12-01 was $462,750, a difference of $32,750 (7.6%) versus the prior year and $2,750 versus the prior month.

Fresno's median listing price comes in at 113% of the national average.

Fresno's average listing price for 2023-12-01 was $608,484, a difference of $59,202 (10.8%) versus the prior year and $11,185 versus the prior month.

For the 2023-12-01 period, Fresno had 1,470 MLS listings, a difference of -75 listings (-5%) versus the prior month and -17 listings (-1%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Fresno (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 62 days 1,883 sqft
2018-02-01 44 days 1,869 sqft
2018-03-01 43 days 1,900 sqft
2018-04-01 43 days 1,900 sqft
2018-05-01 40 days 1,893 sqft
2018-06-01 43 days 1,892 sqft
2018-07-01 43 days 1,876 sqft
2018-08-01 43 days 1,872 sqft
2018-09-01 47 days 1,862 sqft
2018-10-01 50 days 1,850 sqft
2018-11-01 52 days 1,852 sqft
2018-12-01 61 days 1,861 sqft
2019-01-01 65 days 1,852 sqft
2019-02-01 52 days 1,841 sqft
2019-03-01 46 days 1,872 sqft
2019-04-01 43 days 1,889 sqft
2019-05-01 44 days 1,904 sqft
2019-06-01 47 days 1,918 sqft
2019-07-01 50 days 1,920 sqft
2019-08-01 50 days 1,908 sqft
2019-09-01 51 days 1,892 sqft
2019-10-01 52 days 1,881 sqft
2019-11-01 55 days 1,872 sqft
2019-12-01 60 days 1,866 sqft
2020-01-01 65 days 1,854 sqft
2020-02-01 47 days 1,832 sqft
2020-03-01 43 days 1,875 sqft
2020-04-01 46 days 1,872 sqft
2020-05-01 54 days 1,895 sqft
2020-06-01 47 days 1,908 sqft
2020-07-01 42 days 1,909 sqft
2020-08-01 33 days 1,920 sqft
2020-09-01 30 days 1,892 sqft
2020-10-01 31 days 1,888 sqft
2020-11-01 37 days 1,885 sqft
2020-12-01 42 days 1,837 sqft
2021-01-01 43 days 1,851 sqft
2021-02-01 28 days 1,822 sqft
2021-03-01 22 days 1,853 sqft
2021-04-01 17 days 1,872 sqft
2021-05-01 16 days 1,848 sqft
2021-06-01 18 days 1,872 sqft
2021-07-01 23 days 1,866 sqft
2021-08-01 27 days 1,870 sqft
2021-09-01 30 days 1,890 sqft
2021-10-01 29 days 1,868 sqft
2021-11-01 33 days 1,891 sqft
2021-12-01 40 days 1,872 sqft
2022-01-01 37 days 1,880 sqft
2022-02-01 30 days 1,806 sqft
2022-03-01 30 days 1,798 sqft
2022-04-01 30 days 1,829 sqft
2022-05-01 26 days 1,840 sqft
2022-06-01 29 days 1,843 sqft
2022-07-01 32 days 1,836 sqft
2022-08-01 39 days 1,820 sqft
2022-09-01 45 days 1,835 sqft
2022-10-01 48 days 1,817 sqft
2022-11-01 50 days 1,796 sqft
2022-12-01 59 days 1,818 sqft
2023-01-01 65 days 1,827 sqft
2023-02-01 52 days 1,833 sqft
2023-03-01 50 days 1,849 sqft
2023-04-01 48 days 1,883 sqft
2023-05-01 38 days 1,892 sqft
2023-06-01 38 days 1,905 sqft
2023-07-01 39 days 1,900 sqft
2023-08-01 39 days 1,911 sqft
2023-09-01 41 days 1,912 sqft
2023-10-01 44 days 1,904 sqft
2023-11-01 46 days 1,891 sqft
2023-12-01 56 days 1,891 sqft
Fresno's median listing age (time on market) for 2023-12-01 was 56 days. This is -5% shorter than the same period one year ago.

Fresno's median square footage for active listings during the 2023-12-01 period was 1,891 sqft. One year prior, the average listing was 1,818 sqft.

FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).