Greeley FHA Loan Rates, Closing Costs & Stats

GREELEY, CO

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    • 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.

    Greeley's 141 lenders originated 2,094 FHA loans during 2022. The total origination value was $782,410,000, with an average FHA loan value of $373,644.

    Greeley FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Greeley averaged 6.28% for the week of 2023-09-22, compared to the national average (all FHA variants) of 7.036% for the same period.

    Greeley's average FHA mortgage closing costs are $10,042.

    The average rate for the prior week (2023-09-15) was 6.33% and one month ago for the week of 2023-08-18, the average rate was 6.24%.

    The average rate one year ago was 5.42%.

    For refis of the same type during the week of 2023-09-22, the average rate was 5.59%.

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

    Greeley 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 Greeley level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    AMERICAN FINANCING CORPORATION 139 4.36% $13,031
    UNITED WHOLESALE MORTGAGE, LLC 136 4.76% $12,973
    DHI MORTGAGE COMPANY, LTD. 95 4.33% $13,762
    LOANDEPOT.COM, LLC 93 4.88% $14,253
    PRIMARY RESIDENTIAL MORTGAGE, INC. 92 4.80% $13,573
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 85 5.11% $14,242
    QUICKEN LOANS, LLC 84 4.18% $13,409
    UNIVERSAL LENDING CORPORATION 53 5.22% $13,938
    VAN DYK MORTGAGE CORPORATION 51 5.56% $12,202
    CROSSCOUNTRY MORTGAGE, LLC 49 5.27% $14,754
    HOME POINT FINANCIAL CORPORATION 44 3.97% $11,991
    CORNERSTONE HOME LENDING, INC. 42 4.57% $12,704
    CALIBER HOME LOANS, INC. 41 4.52% $13,463
    GUILD MORTGAGE COMPANY 40 4.98% $14,355
    BROKER SOLUTIONS, INC. 40 5.32% $14,441
    Gateway First Bank 38 5.29% $12,218
    CHERRY CREEK MORTGAGE, LLC 34 4.87% $5,577
    MEGASTAR FINANCIAL CORP. 28 4.98% $12,598
    FREEDOM MORTGAGE CORPORATION 26 4.33% $11,564
    Paramount Residential Mortgage Group, Inc. 25 5.06% $14,803
    NFM, INC. 22 5.17% $15,432
    Bank of Colorado 21 5.30% $13,191
    ACADEMY MORTGAGE CORPORATION 20 5.27% $14,271
    Loan Simple, Inc. 17 4.69% $12,774
    NEWREZ LLC 17 4.23% $12,358
    EVERETT FINANCIAL, INC. 15 5.32% $8,876
    Amerifirst Financial, Inc. 15 4.62% $12,297
    Mr. Cooper ( Nationstar Mortgage ) 15 3.83% $17,316
    S1L, Inc. 14 4.80% $15,450
    LAKEVIEW LOAN SERVICING, LLC 14 3.80% $9,530
    HOMEAMERICAN MORTGAGE CORPORATION 14 4.33% $9,024
    PENNYMAC LOAN SERVICES, LLC 13 4.25% $14,745
    TOWNE MORTGAGE COMPANY 13 4.30% $10,553
    Nations Lending Corporation 12 5.14% $13,151
    Financial Funding Solutions, Inc. 11 4.84% $12,306
    PLANET HOME LENDING, LLC 11 4.63% $13,728
    First National Bank of Omaha 11 4.73% $12,216
    HOME MORTGAGE ALLIANCE, LLC 10 4.56% $14,479
    AMERISAVE MORTGAGE CORPORATION 10 4.33% $12,977
    MOVEMENT MORTGAGE, LLC 10 5.06% $13,820
    PRIMELENDING, A PLAINSCAPITAL COMPANY 9 5.31% $15,206
    Northpointe Bank 9 4.47% $13,426
    NOVA FINANCIAL & INVESTMENT CORPORATION 9 4.76% $4,906
    AMERICAN PACIFIC MORTGAGE CORPORATION 9 4.44% $13,500
    CMG MORTGAGE, INC. 8 4.39% $12,715
    Carrington Mortgage Services, LLC 8 5.86% $12,624
    CITYWIDE HOME LOANS, LLC 8 5.80% $13,354
    Equity Prime Mortgage LLC 7 4.89% $15,314
    EAGLE HOME MORTGAGE, LLC 7 4.71% $13,800
    SUMMIT FUNDING, INC. 7 5.11% $14,885
    CARDINAL FINANCIAL 7 4.82% $14,792
    V.I.P. MORTGAGE, INC. 6 5.31% $11,809
    Elevations Credit Union 6 4.50% $15,669
    SECURITYNATIONAL MORTGAGE COMPANY 6 4.92% $13,191
    GROUP MORTGAGE, LLC 6 4.17% $13,200
    Lakeview Community Capital, LLC 6 2.73% $7,054
    PLAZA HOME MORTGAGE, INC. 6 5.19% $17,020
    LOANPAL, LLC 6 3.69% $15,721
    Bank of England 5 5.18% $13,862
    NBH Bank 5 5.00% $8,953
    MORTGAGE SOLUTIONS OF COLORADO, LLC 5 5.00% $17,240
    LADERA LENDING, INC. 5 5.70% $15,610
    Century Mortgage Company DBA Century Lending Company 5 4.60% $16,750
    SOUTHWEST FUNDING, LP 5 5.73% $13,349
    SUN WEST MORTGAGE COMPANY, INC. 4 4.53% $15,622
    AMCAP MORTGAGE, LTD. 4 5.47% $15,305
    Ent Credit Union 4 4.78% $7,955
    FINANCE OF AMERICA MORTGAGE LLC 4 5.25% $11,883
    First Western Trust Bank 4 4.41% $9,900
    GUARANTEED RATE, INC. 4 4.98% $13,259
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 4.81% $13,858
    MUTUAL OF OMAHA MORTGAGE, INC. 4 4.91% $19,237
    NETWORK CAPITAL FUNDING CORPORATION 4 4.19% $17,961
    Plains Commerce Bank 4 4.90% $14,091
    Flagstar Bank, FSB 3 4.25% $11,193
    Independent Bank 3 5.33% $11,688
    IDEAL HOME LOANS LLC 3 4.38% $13,944
    M2 Lending Solutions, LLC 3 5.25% $11,013
    First Guaranty Mortgage Corporation 3 4.00% $9,683
    FIRST CENTENNIAL MORTGAGE CORPORATION 3 4.88% $9,587
    Commerce Home Mortgage, Inc. 3 4.75% $10,712
    BOKF 3 5.33% $12,486
    BAY EQUITY LLC 3 6.00% $14,314
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 5.50% $13,311
    T2 FINANCIAL LLC 3 5.92% $15,950
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 4.08% $11,696
    American Mortgage & Equity Consultants, Inc. 3 3.83% $11,664
    U.S. Bank 3 4.66% $11,011
    Franklin Loan Corporation 2 5.44% $19,260
    First Home Bank 2 5.25% $15,579
    HOMESIDE FINANCIAL, LLC 2 3.81% $15,782
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 4.50% $11,917
    Network Funding, L.P. 2 5.88% $15,242
    ARC HOME LLC 2 4.38% $7,181
    MICHIGAN MUTUAL, INC. 2 5.87% $10,098
    JLB CORPORATION 2 4.63% $14,750
    Hometown Equity Mortgage, LLC 2 5.50% $14,362
    GENEVA FINANCIAL, LLC 2 5.81% $14,228
    OCMBC, INC. 1 6.38% $13,048
    EMBRACE HOME LOANS, INC. 1 4.63% $18,691
    Peak Financial 1 6.63% $9,831
    DRAPER AND KRAMER MORTGAGE CORP. 1 4.75% $11,306
    Wyndham Capital Mortgage, Inc. 1 4.00% $13,521
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.75% $20,333
    Colten Mortgage, LLC 1 4.38% $12,678
    PREMIA MORTGAGE, LLC 1 4.75% $6,090
    BROOKHOLLOW MORTGAGE SERVICES, LTD 1 4.25% $16,047
    VERITAS FUNDING, LLC 1 5.13% $16,980
    BECKAM FUNDING CORP. 1 5.25% $18,570
    RANLIFE, INC. 1 6.25% $17,807
    RELIANCE FIRST CAPITAL, LLC 1 5.50% $12,014
    RESIDENTIAL BANCORP 1 3.49% $18,317
    BAYSHORE MORTGAGE FUNDING, LLC 1 5.88% $13,785
    VILLAGE CAPITAL MORTGAGE 1 4.38% $18,397
    AXIA FINANCIAL, LLC 1 5.38% $12,666
    SOUTHWEST STAGE FUNDING, LLC 1 5.25% $13,657
    Strong Home Mortgage, LLC 1 4.25% $8,047
    Summit Mortgage Corporation 1 4.13% $9,692
    Sunflower Bank 1 6.00% $13,491
    Wallick & Volk, Inc. 1 3.63% $7,642
    The Federal Savings Bank 1 5.75% $12,027
    THRIVE MORTGAGE, LLC 1 5.50% $9,896
    TOP FLITE FINANCIAL, INC. 1 4.25% $17,695
    AMERIFIRST FINANCIAL CORPORATION 1 5.25% $9,937
    UNITED MORTGAGE CORP 1 4.75% $15,462
    LEADERONE FINANCIAL CORPORATION 1 3.63% $6,987
    HOMESPIRE MORTGAGE CORPORATION 1 4.00% $11,085
    INSPIRE HOME LOANS INC. 1 4.99% $14,261
    GUARANTY HOME MORTGAGE CORPORATION 1 5.50% $15,494
    MID AMERICA MORTGAGE, INC. 1 5.88% $3,137
    Glacier Bank 1 5.13% $14,051
    Adams Bank & Trust 1 6.25% $10,687
    Waterstone Mortgage Corporation 1 3.13% $13,955
    JPMorgan Chase Bank 1 6.25% $12,550
    First Option Mortgage, LLC 1 6.50% $13,871
    Neighborhood Loans, Inc. 1 5.00% $16,039
    NEST HOME LENDING, LLC 1 5.25% $16,594
    Willamette Valley Bank 1 5.50% $13,158
    JET HOMELOANS, LLC 1 5.00% $22,787
    FirstBank 1 4.63% $8,085
    OAKTREE FUNDING CORP. 1 4.38% $21,979

    The top Greeley FHA lender as defined by loan originations is AMERICAN FINANCING CORPORATION, with 139 FHA loans originated. Their average total fees are $13,031, which is $58 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Greeley FHA lenders (with over 10 loans originated) are CHERRY CREEK MORTGAGE, LLC ($5,577), EVERETT FINANCIAL, INC. ($8,876), HOMEAMERICAN MORTGAGE CORPORATION ($9,024), LAKEVIEW LOAN SERVICING, LLC ($9,530) and TOWNE MORTGAGE COMPANY ($10,553).

    The lowest rate Greeley FHA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC (3.80%), Mr. Cooper ( Nationstar Mortgage ) (3.83%), HOME POINT FINANCIAL CORPORATION (3.97%), QUICKEN LOANS, LLC (4.18%) and NEWREZ LLC (4.23%).

    Greeley FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    GREELEY, CO WELD 2022 $483,000 $618,300 $747,400 $928,850
    GREELEY, CO WELD 2023 $555,450 $711,050 $859,500 $1,068,200

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Greeley (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 $400,191 (9.3%) $462,512 (5.4%) 1.48 699
    2018-02-01 $400,377 (5.4%) $473,878 (4.7%) 1.46 676
    2018-03-01 $407,900 (7.6%) $477,196 (5.1%) 1.43 672
    2018-04-01 $399,950 (3.0%) $472,585 (2.3%) 1.36 684
    2018-05-01 $410,000 (3.2%) $491,436 (4.1%) 1.37 681
    2018-06-01 $409,450 (2.5%) $488,078 (4.8%) 1.37 752
    2018-07-01 $398,928 (2.3%) $489,028 (6.7%) 1.33 803
    2018-08-01 $395,056 (0.0%) $474,319 (1.4%) 1.32 869
    2018-09-01 $395,000 (-1.2%) $467,174 (-0.3%) 1.33 969
    2018-10-01 $390,248 (-3.3%) $465,869 (-1.4%) 1.32 1,043
    2018-11-01 $396,250 (-0.9%) $467,597 (-0.3%) 1.34 1,026
    2018-12-01 $398,679 (-0.3%) $469,924 (0.7%) 1.38 928
    2019-01-01 $395,137 (-1.3%) $474,141 (2.5%) 1.37 864
    2019-02-01 $393,789 (-1.7%) $470,125 (-0.8%) 1.33 856
    2019-03-01 $406,429 (-0.4%) $475,815 (-0.3%) 1.33 895
    2019-04-01 $411,404 (2.9%) $479,655 (1.5%) 1.31 960
    2019-05-01 $412,100 (0.5%) $477,307 (-2.9%) 1.29 990
    2019-06-01 $409,700 (0.1%) $472,627 (-3.2%) 1.28 1,108
    2019-07-01 $400,000 (0.3%) $462,879 (-5.4%) 1.25 1,163
    2019-08-01 $399,900 (1.2%) $463,205 (-2.3%) 1.27 1,185
    2019-09-01 $399,900 (1.2%) $463,989 (-0.7%) 1.28 1,175
    2019-10-01 $399,875 (2.5%) $464,496 (-0.3%) 1.29 1,159
    2019-11-01 $402,000 (1.5%) $471,538 (0.8%) 1.32 1,078
    2019-12-01 $404,904 (1.6%) $478,730 (1.9%) 1.35 951
    2020-01-01 $417,000 (5.5%) $498,015 (5.0%) 1.39 780
    2020-02-01 $425,000 (7.9%) $503,837 (7.2%) 1.39 687
    2020-03-01 $437,013 (7.5%) $509,580 (7.1%) 1.37 713
    2020-04-01 $425,000 (3.3%) $501,534 (4.6%) 1.33 854
    2020-05-01 $425,000 (3.1%) $501,852 (5.1%) 1.29 966
    2020-06-01 $424,926 (3.7%) $504,767 (6.8%) 1.25 932
    2020-07-01 $432,190 (8.1%) $513,291 (10.9%) 1.25 844
    2020-08-01 $424,740 (6.2%) $512,099 (10.6%) 1.22 823
    2020-09-01 $425,563 (6.4%) $516,688 (11.4%) 1.22 783
    2020-10-01 $428,900 (7.3%) $518,915 (11.7%) 1.23 677
    2020-11-01 $428,620 (6.6%) $522,237 (10.8%) 1.25 628
    2020-12-01 $424,825 (4.9%) $519,546 (8.5%) 1.26 539
    2021-01-01 $442,744 (6.2%) $551,130 (10.7%) 1.32 454
    2021-02-01 $455,963 (7.3%) $580,510 (15.2%) 1.33 388
    2021-03-01 $461,973 (5.7%) $582,646 (14.3%) 1.31 382
    2021-04-01 $474,625 (11.7%) $592,697 (18.2%) 1.28 370
    2021-05-01 $475,000 (11.8%) $574,356 (14.5%) 1.26 354
    2021-06-01 $487,000 (14.6%) $577,761 (14.5%) 1.28 376
    2021-07-01 $485,000 (12.2%) $581,732 (13.3%) 1.28 450
    2021-08-01 $499,998 (17.7%) $590,492 (15.3%) 1.33 452
    2021-09-01 $493,950 (16.1%) $609,604 (18.0%) 1.32 459
    2021-10-01 $497,682 (16.0%) $632,210 (21.8%) 1.33 462
    2021-11-01 $490,388 (14.4%) $627,237 (20.1%) 1.31 425
    2021-12-01 $454,005 (6.9%) $564,070 (8.6%) 1.23 764
    2022-01-01 $499,950 (12.9%) $657,478 (19.3%) 1.35 286
    2022-02-01 $505,000 (10.8%) $699,308 (20.5%) 1.31 273
    2022-03-01 $521,450 (12.9%) $679,859 (16.7%) 1.31 300
    2022-04-01 $535,755 (12.9%) $694,588 (17.2%) 1.28 308
    2022-05-01 $539,748 (13.6%) $700,869 (22.0%) 1.23 444
    2022-06-01 $550,000 (12.9%) $685,718 (18.7%) 1.22 644
    2022-07-01 $545,000 (12.4%) $677,409 (16.5%) 1.23 875
    2022-08-01 $532,000 (6.4%) $670,826 (13.6%) 1.23 917
    2022-09-01 $523,095 (5.9%) $659,503 (8.2%) 1.22 926
    2022-10-01 $513,450 (3.2%) $645,080 (2.0%) 1.21 909
    2022-11-01 $512,470 (4.5%) $629,136 (0.3%) 1.23 929
    2022-12-01 $509,950 (12.3%) $630,054 (11.7%) 1.26 771
    2023-01-01 $516,371 (3.3%) $629,160 (-4.3%) 1.28 689
    2023-02-01 $517,294 (2.4%) $637,308 (-8.9%) 1.25 603
    2023-03-01 $527,287 (1.1%) $650,153 (-4.4%) 1.24 599
    2023-04-01 $540,000 (0.8%) $676,039 (-2.7%) 1.26 653
    2023-05-01 $540,095 (0.1%) $679,484 (-3.1%) 1.22 718
    2023-06-01 $541,950 (-1.5%) $676,882 (-1.3%) 1.22 797
    2023-07-01 $540,000 (-0.9%) $654,100 (-3.4%) 1.23 892
    2023-08-01 $533,650 (0.3%) $657,414 (-2.0%) 1.23 925
    Greeley's median listing price for 2023-08-01 was $533,650, a difference of $1,650 (0.3%) versus the prior year and $-6,350 versus the prior month.

    Greeley's median listing price comes in at 123% of the national average.

    Greeley's average listing price for 2023-08-01 was $657,414, a difference of $-13,412 (-2.0%) versus the prior year and $3,314 versus the prior month.

    For the 2023-08-01 period, Greeley had 925 MLS listings, a difference of 33 listings (4%) versus the prior month and 8 listings (1%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Greeley (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 67 days 3,110 sqft
    2018-02-01 52 days 3,100 sqft
    2018-03-01 36 days 3,082 sqft
    2018-04-01 32 days 3,002 sqft
    2018-05-01 33 days 3,092 sqft
    2018-06-01 34 days 3,013 sqft
    2018-07-01 36 days 2,967 sqft
    2018-08-01 33 days 2,923 sqft
    2018-09-01 37 days 2,928 sqft
    2018-10-01 40 days 2,890 sqft
    2018-11-01 49 days 2,913 sqft
    2018-12-01 58 days 2,893 sqft
    2019-01-01 57 days 2,844 sqft
    2019-02-01 39 days 2,832 sqft
    2019-03-01 38 days 2,872 sqft
    2019-04-01 38 days 2,919 sqft
    2019-05-01 38 days 2,906 sqft
    2019-06-01 37 days 2,876 sqft
    2019-07-01 41 days 2,832 sqft
    2019-08-01 42 days 2,813 sqft
    2019-09-01 43 days 2,809 sqft
    2019-10-01 44 days 2,810 sqft
    2019-11-01 49 days 2,851 sqft
    2019-12-01 56 days 2,833 sqft
    2020-01-01 65 days 2,910 sqft
    2020-02-01 44 days 2,994 sqft
    2020-03-01 31 days 3,033 sqft
    2020-04-01 35 days 2,909 sqft
    2020-05-01 40 days 2,873 sqft
    2020-06-01 37 days 2,841 sqft
    2020-07-01 37 days 2,917 sqft
    2020-08-01 35 days 2,840 sqft
    2020-09-01 37 days 2,742 sqft
    2020-10-01 38 days 2,761 sqft
    2020-11-01 42 days 2,682 sqft
    2020-12-01 52 days 2,636 sqft
    2021-01-01 64 days 2,687 sqft
    2021-02-01 37 days 2,741 sqft
    2021-03-01 25 days 2,673 sqft
    2021-04-01 27 days 2,672 sqft
    2021-05-01 25 days 2,686 sqft
    2021-06-01 27 days 2,586 sqft
    2021-07-01 26 days 2,572 sqft
    2021-08-01 31 days 2,598 sqft
    2021-09-01 35 days 2,517 sqft
    2021-10-01 35 days 2,558 sqft
    2021-11-01 37 days 2,544 sqft
    2021-12-01 40 days 2,487 sqft
    2022-01-01 38 days 2,496 sqft
    2022-02-01 31 days 2,576 sqft
    2022-03-01 22 days 2,605 sqft
    2022-04-01 21 days 2,702 sqft
    2022-05-01 17 days 2,762 sqft
    2022-06-01 21 days 2,811 sqft
    2022-07-01 27 days 2,763 sqft
    2022-08-01 35 days 2,630 sqft
    2022-09-01 40 days 2,589 sqft
    2022-10-01 44 days 2,560 sqft
    2022-11-01 45 days 2,557 sqft
    2022-12-01 60 days 2,564 sqft
    2023-01-01 70 days 2,569 sqft
    2023-02-01 50 days 2,570 sqft
    2023-03-01 39 days 2,636 sqft
    2023-04-01 31 days 2,650 sqft
    2023-05-01 33 days 2,766 sqft
    2023-06-01 38 days 2,736 sqft
    2023-07-01 38 days 2,744 sqft
    2023-08-01 41 days 2,715 sqft
    Greeley's median listing age (time on market) for 2023-08-01 was 41 days. This is 16% longer than the same period one year ago.

    Greeley's median square footage for active listings during the 2023-08-01 period was 2,715 sqft. One year prior, the average listing was 2,630 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).