Little Rock FHA Loan Rates, Closing Costs & Stats

LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR

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.

Little Rock's 135 lenders originated 2,609 FHA loans during 2022. The total origination value was $505,305,000, with an average FHA loan value of $193,678.

Little Rock FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Little Rock averaged 6.21% for the week of 2023-05-26, compared to the national average (all FHA variants) of 6.612% for the same period.

Little Rock's average FHA mortgage closing costs are $6,086.

The average rate for the prior week (2023-05-19) was 6.18% and one month ago for the week of 2023-04-21, the average rate was 6.12%.

The average rate one year ago was 5.14%.

For refis of the same type during the week of 2023-05-26, the average rate was 5.5%.

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

Little Rock 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 Little Rock level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 253 4.56% $8,005
FirstTrust Home Loans, Inc. 194 5.01% $8,584
MORTGAGE FINANCIAL SERVICES, LLC 132 4.79% $8,295
Bank of England 125 4.89% $8,196
Eagle Bank and Trust Company 122 5.11% $6,901
Arvest Bank 118 4.91% $6,711
Centennial Bank 96 5.04% $7,291
PILGRIM MORTGAGE LLC 91 5.26% $9,499
CORNERSTONE HOME LENDING, INC. 86 5.40% $9,109
UNITED WHOLESALE MORTGAGE, LLC 59 4.73% $7,318
FLAT BRANCH MORTGAGE, INC. 57 5.32% $7,647
Simmons Bank 52 5.20% $6,838
SENTE MORTGAGE, INC. 43 4.91% $7,838
COMMUNITY MORTGAGE CORPORATION 42 5.22% $7,181
BANK OF LITTLE ROCK MORTGAGE CORPORATION 37 4.82% $6,688
Mr. Cooper ( Nationstar Mortgage ) 35 4.46% $9,175
CALIBER HOME LOANS, INC. 35 4.72% $7,338
GUARANTEED RATE, INC. 35 5.10% $8,016
BROKER SOLUTIONS, INC. 34 5.24% $9,162
EVERETT FINANCIAL, INC. 33 5.62% $5,374
PENNYMAC LOAN SERVICES, LLC 31 4.33% $8,507
NFM, INC. 30 5.66% $10,085
First Security Bank 30 4.87% $6,886
AMERISAVE MORTGAGE CORPORATION 29 4.79% $9,768
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 29 5.17% $8,280
Citizens Bank 28 4.71% $7,098
First Horizon Bank 27 5.26% $6,898
PRIMARY RESIDENTIAL MORTGAGE, INC. 27 5.56% $8,127
Gateway First Bank 26 5.45% $6,259
Regions Bank 26 4.77% $8,333
DAS Acquisition Company, LLC 24 5.11% $7,646
First Community Bank 23 5.42% $8,404
CROSSCOUNTRY MORTGAGE, LLC 22 5.78% $10,494
Carrington Mortgage Services, LLC 21 5.02% $11,204
LOANDEPOT.COM, LLC 20 4.54% $8,174
LAKEVIEW LOAN SERVICING, LLC 18 3.93% $5,328
FREEDOM MORTGAGE CORPORATION 16 5.24% $8,420
Mortgage Research Center, LLC 14 5.44% $5,973
GERSHMAN INVESTMENT CORP. 14 4.81% $6,001
The Home Loan Expert LLC 14 4.38% $6,279
BancorpSouth Bank 13 5.13% $6,456
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 5.41% $9,520
AMCAP MORTGAGE, LTD. 11 5.14% $9,472
U.S. Bank 11 5.02% $6,663
ARK-LA-TEX FINANCIAL SERVICES, LLC. 11 4.70% $8,160
ACADEMY MORTGAGE CORPORATION 11 5.99% $7,161
Paramount Residential Mortgage Group, Inc. 10 4.63% $7,712
First Option Mortgage, LLC 8 5.13% $7,593
TELCOE FEDERAL CREDIT UNION 7 5.46% $7,325
M&T Bank 7 4.36% $7,246
MID AMERICA MORTGAGE, INC. 7 4.77% $7,492
AMERICAN FINANCIAL RESOURCES, INC. 7 4.98% $7,607
JPMorgan Chase Bank 6 5.44% $8,370
Chambers Bank 6 4.52% $7,058
MUTUAL OF OMAHA MORTGAGE, INC. 6 4.56% $10,854
SWBC MORTGAGE CORPORATION 6 5.13% $4,253
ENCORE BANK 6 5.12% $7,111
VILLAGE CAPITAL MORTGAGE 6 3.83% $4,459
First Financial Bank 5 3.90% $5,846
PLANET HOME LENDING, LLC 5 4.55% $7,624
Barrington Bank & Trust Company, N.A. 5 4.50% $6,512
Bank of America 5 3.70% $4,315
LOANPAL, LLC 5 4.55% $9,362
HOME POINT FINANCIAL CORPORATION 4 5.28% $5,383
Lakeview Community Capital, LLC 4 4.34% $8,126
MOVEMENT MORTGAGE, LLC 4 5.28% $9,834
CARDINAL FINANCIAL 4 4.13% $9,512
First Guaranty Mortgage Corporation 4 4.06% $7,902
NEWREZ LLC 4 5.81% $7,965
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 4.75% $9,385
AMERICAN FINANCING CORPORATION 3 4.17% $7,445
Evolve Bank & Trust 3 4.88% $7,638
FIRST COMMUNITY MORTGAGE, INC. 3 4.96% $9,089
Flagstar Bank, FSB 3 3.99% $4,738
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 5.79% $10,435
MORTGAGE INVESTORS GROUP, INC. 3 4.71% $5,688
Peoples Bank 3 4.99% $12,766
RELIANCE FIRST CAPITAL, LLC 3 4.63% $13,908
RUOFF MORTGAGE COMPANY, INC. 3 3.83% $8,856
SOUTHWEST STAGE FUNDING, LLC 3 5.67% $6,103
SUN WEST MORTGAGE COMPANY, INC. 3 5.63% $6,761
Nations Lending Corporation 2 4.69% $11,648
Equity Prime Mortgage LLC 2 5.63% $16,434
ENDEAVOR CAPITAL, LLC. 2 5.88% $11,944
EMBRACE HOME LOANS, INC. 2 5.50% $9,662
Armed Forces Bank 2 6.38% $6,341
THRIVE MORTGAGE, LLC 2 6.19% $5,564
GMFS LLC 2 4.88% $6,828
ROYAL UNITED MORTGAGE LLC 2 6.00% $8,901
United Community Bank 2 3.38% $5,634
Wells Fargo Bank 2 4.69% $1,252
UNITED MORTGAGE CORP. 2 3.63% $6,396
VANDERBILT MORTGAGE AND FINANCE, INC. 2 4.56% $10,590
Magnolia Bank 2 3.75% $5,301
First Savings Bank 2 5.13% $10,223
Sierra Pacific Mortgage Company, Inc. 2 6.25% $15,527
Plains Commerce Bank 2 5.75% $10,624
ON Q FINANCIAL, INC. 2 5.62% $9,635
OPEN MORTGAGE, LLC 2 4.69% $8,364
Servion, Inc. 1 4.75% $8,173
CRESCENT MORTGAGE COMPANY 1 5.88% $6,017
WILLOW BEND MORTGAGE COMPANY, LLC 1 5.13% $6,630
SpiritBank 1 5.25% $6,135
ZILLOW HOME LOANS, LLC 1 4.13% $6,285
COMMUNITYAMERICA 1 3.13% $5,399
CHURCHILL MORTGAGE CORPORATION 1 4.00% $9,607
The Federal Savings Bank 1 5.13% $7,866
CERTAINTY HOME LOANS, LLC 1 4.75% $5,678
TOP FLITE FINANCIAL, INC. 1 6.13% $10,259
Total Media Management, LLC 1 3.25% $5,003
United Fidelity Funding Corp. 1 4.88% $4,937
CB&S Bank, Inc. 1 3.63% $6,621
MASON MCDUFFIE MORTGAGE CORPORATION 1 5.63% $5,509
MEMBER FIRST MORTGAGE, LLC 1 5.63% $6,409
LOANPEOPLE, LLC 1 5.50% $8,029
Midwest Mortgage Associates Corporation 1 6.50% $3,431
BOKF 1 5.13% $6,015
LIBERTY HOME MORTGAGE CORPORATION 1 5.25% $10,423
LAND HOME FINANCIAL SERVICES, INC. 1 7.50% $9,279
KELLER MORTGAGE, LLC 1 3.13% $5,879
HOMESTAR FINANCIAL CORPORATION 1 3.63% $6,452
HOMESIDE FINANCIAL, LLC 1 6.13% $12,146
GUILD MORTGAGE COMPANY 1 5.00% $9,062
GSF Mortgage Corporation 1 6.63% $6,220
NBKC BANK 1 4.50% $8,120
Goldwater Bank, N.A. 1 4.13% $8,460
Northpointe Bank 1 3.75% $6,410
OCEANSIDE MORTGAGE COMPANY 1 5.38% $3,931
GENEVA FINANCIAL, LLC 1 3.38% $6,608
First United Bank and Trust Company 1 4.25% $6,048
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 3.88% $6,161
POLARIS HOME FUNDING CORP. 1 5.38% $13,879
PREMIA MORTGAGE, LLC 1 5.25% $7,092
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 4.25% $7,872
DRAPER AND KRAMER MORTGAGE CORP. 1 3.63% $8,241

The top Little Rock FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 253 FHA loans originated. Their average total fees are $8,005, which is $579 lower than the next largest lender, FirstTrust Home Loans, Inc..

The lowest fee Little Rock FHA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($5,328), EVERETT FINANCIAL, INC. ($5,374), Mortgage Research Center, LLC ($5,973), GERSHMAN INVESTMENT CORP. ($6,001) and Gateway First Bank ($6,259).

The lowest rate Little Rock FHA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC (3.93%), PENNYMAC LOAN SERVICES, LLC (4.33%), The Home Loan Expert LLC (4.38%), Mr. Cooper ( Nationstar Mortgage ) (4.46%) and LOANDEPOT.COM, LLC (4.54%).

Little Rock FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR FAULKNER 2022 $420,680 $538,650 $651,050 $809,150
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR GRANT 2022 $420,680 $538,650 $651,050 $809,150
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR LONOKE 2022 $420,680 $538,650 $651,050 $809,150
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR PERRY 2022 $420,680 $538,650 $651,050 $809,150
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR PULASKI 2022 $420,680 $538,650 $651,050 $809,150
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR SALINE 2022 $420,680 $538,650 $651,050 $809,150
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR FAULKNER 2023 $472,030 $604,400 $730,525 $907,900
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR GRANT 2023 $472,030 $604,400 $730,525 $907,900
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR LONOKE 2023 $472,030 $604,400 $730,525 $907,900
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR PERRY 2023 $472,030 $604,400 $730,525 $907,900
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR PULASKI 2023 $472,030 $604,400 $730,525 $907,900
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR SALINE 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Little Rock (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 $175,450 (9.7%) $244,247 (12.8%) 0.65 3,009
2018-02-01 $179,900 (11.5%) $245,854 (12.3%) 0.65 2,998
2018-03-01 $181,500 (7.6%) $244,862 (9.0%) 0.64 3,033
2018-04-01 $186,000 (10.1%) $250,370 (10.6%) 0.63 3,073
2018-05-01 $189,500 (11.5%) $257,179 (11.5%) 0.63 3,232
2018-06-01 $189,900 (10.1%) $258,409 (9.7%) 0.63 3,321
2018-07-01 $189,700 (8.5%) $254,994 (7.7%) 0.63 3,425
2018-08-01 $189,900 (9.0%) $251,907 (6.9%) 0.64 3,472
2018-09-01 $189,000 (8.1%) $252,200 (7.1%) 0.64 3,532
2018-10-01 $189,900 (9.2%) $251,833 (7.3%) 0.64 3,652
2018-11-01 $189,000 (8.3%) $250,605 (6.2%) 0.64 3,485
2018-12-01 $187,000 (6.9%) $249,459 (3.9%) 0.65 3,371
2019-01-01 $184,975 (5.4%) $247,499 (1.3%) 0.64 3,232
2019-02-01 $186,950 (3.9%) $250,674 (2.0%) 0.63 3,153
2019-03-01 $194,900 (7.4%) $260,428 (6.4%) 0.65 3,110
2019-04-01 $199,900 (7.5%) $266,115 (6.3%) 0.63 3,085
2019-05-01 $199,950 (5.5%) $271,717 (5.7%) 0.62 3,070
2019-06-01 $204,250 (7.6%) $274,673 (6.3%) 0.64 3,066
2019-07-01 $202,500 (6.8%) $275,158 (7.9%) 0.63 3,011
2019-08-01 $207,500 (9.3%) $278,576 (10.6%) 0.65 2,977
2019-09-01 $212,750 (12.6%) $283,100 (12.3%) 0.67 2,734
2019-10-01 $208,100 (9.6%) $276,710 (9.9%) 0.67 2,859
2019-11-01 $204,900 (8.4%) $273,793 (9.3%) 0.67 2,781
2019-12-01 $202,650 (8.4%) $276,321 (10.8%) 0.68 2,606
2020-01-01 $199,963 (8.1%) $276,394 (11.7%) 0.67 2,412
2020-02-01 $210,000 (12.3%) $280,921 (12.1%) 0.69 2,320
2020-03-01 $219,450 (12.6%) $284,838 (9.4%) 0.69 2,313
2020-04-01 $219,250 (9.7%) $283,395 (6.5%) 0.69 2,282
2020-05-01 $230,100 (15.1%) $294,752 (8.5%) 0.70 2,023
2020-06-01 $239,450 (17.2%) $304,392 (10.8%) 0.71 1,860
2020-07-01 $243,656 (20.3%) $311,343 (13.2%) 0.71 1,760
2020-08-01 $245,000 (18.1%) $319,359 (14.6%) 0.70 1,617
2020-09-01 $241,200 (13.4%) $320,661 (13.3%) 0.69 1,483
2020-10-01 $244,950 (17.7%) $329,289 (19.0%) 0.70 1,425
2020-11-01 $241,700 (18.0%) $329,576 (20.4%) 0.71 1,337
2020-12-01 $239,450 (18.2%) $331,040 (19.8%) 0.71 1,209
2021-01-01 $230,000 (15.0%) $331,887 (20.1%) 0.69 993
2021-02-01 $244,950 (16.6%) $335,296 (19.4%) 0.71 848
2021-03-01 $250,000 (13.9%) $341,334 (19.8%) 0.71 793
2021-04-01 $248,950 (13.6%) $342,671 (20.9%) 0.67 763
2021-05-01 $239,000 (3.9%) $335,123 (13.7%) 0.63 745
2021-06-01 $235,000 (-1.9%) $330,739 (8.7%) 0.62 820
2021-07-01 $245,000 (0.6%) $332,807 (6.9%) 0.65 991
2021-08-01 $249,450 (1.8%) $333,052 (4.3%) 0.67 1,082
2021-09-01 $249,450 (3.4%) $331,112 (3.3%) 0.67 1,089
2021-10-01 $249,000 (1.7%) $328,339 (-0.3%) 0.66 1,002
2021-11-01 $233,450 (-3.4%) $315,195 (-4.4%) 0.62 974
2021-12-01 $236,950 (-1.0%) $319,465 (-3.5%) 0.64 870
2022-01-01 $238,900 (3.9%) $318,318 (-4.1%) 0.65 774
2022-02-01 $242,425 (-1.0%) $334,904 (-0.1%) 0.63 669
2022-03-01 $251,950 (0.8%) $364,470 (6.8%) 0.63 693
2022-04-01 $285,000 (14.5%) $371,692 (8.5%) 0.68 714
2022-05-01 $289,900 (21.3%) $370,590 (10.6%) 0.66 834
2022-06-01 $289,598 (23.2%) $368,833 (11.5%) 0.65 941
2022-07-01 $280,000 (14.3%) $358,112 (7.6%) 0.63 1,155
2022-08-01 $279,000 (11.9%) $349,778 (5.0%) 0.64 1,264
2022-09-01 $284,900 (14.2%) $349,042 (5.4%) 0.67 1,252
2022-10-01 $296,000 (18.9%) $355,234 (8.2%) 0.70 1,309
2022-11-01 $289,950 (24.2%) $343,368 (8.9%) 0.70 1,454
2022-12-01 $299,900 (26.6%) $347,605 (8.8%) 0.74 1,345
2023-01-01 $300,000 (25.6%) $348,214 (9.4%) 0.74 1,231
2023-02-01 $304,245 (25.5%) $350,781 (4.7%) 0.73 1,134
2023-03-01 $303,475 (20.5%) $351,884 (-3.5%) 0.71 1,124
2023-04-01 $315,000 (10.5%) $358,437 (-3.6%) 0.73 1,121
Little Rock's median listing price for 2023-04-01 was $315,000, a difference of $30,000 (10.5%) versus the prior year and $11,525 versus the prior month.

Little Rock's median listing price comes in at 73% of the national average.

Little Rock's average listing price for 2023-04-01 was $358,437, a difference of $-13,255 (-3.6%) versus the prior year and $6,553 versus the prior month.

For the 2023-04-01 period, Little Rock had 1,121 MLS listings, a difference of -3 listings (0%) versus the prior month and 407 listings (57%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Little Rock (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 82 days 1,909 sqft
2018-02-01 72 days 1,910 sqft
2018-03-01 61 days 1,928 sqft
2018-04-01 61 days 1,940 sqft
2018-05-01 57 days 1,951 sqft
2018-06-01 58 days 1,962 sqft
2018-07-01 60 days 1,957 sqft
2018-08-01 61 days 1,955 sqft
2018-09-01 65 days 1,937 sqft
2018-10-01 68 days 1,938 sqft
2018-11-01 71 days 1,920 sqft
2018-12-01 78 days 1,900 sqft
2019-01-01 79 days 1,891 sqft
2019-02-01 69 days 1,895 sqft
2019-03-01 63 days 1,950 sqft
2019-04-01 59 days 1,993 sqft
2019-05-01 57 days 2,004 sqft
2019-06-01 60 days 2,016 sqft
2019-07-01 61 days 2,028 sqft
2019-08-01 71 days 2,043 sqft
2019-09-01 72 days 2,052 sqft
2019-10-01 67 days 2,028 sqft
2019-11-01 67 days 2,025 sqft
2019-12-01 73 days 2,023 sqft
2020-01-01 70 days 2,000 sqft
2020-02-01 58 days 2,049 sqft
2020-03-01 54 days 2,088 sqft
2020-04-01 58 days 2,072 sqft
2020-05-01 64 days 2,145 sqft
2020-06-01 55 days 2,148 sqft
2020-07-01 51 days 2,145 sqft
2020-08-01 45 days 2,150 sqft
2020-09-01 46 days 2,142 sqft
2020-10-01 45 days 2,129 sqft
2020-11-01 48 days 2,123 sqft
2020-12-01 54 days 2,081 sqft
2021-01-01 58 days 2,048 sqft
2021-02-01 48 days 2,063 sqft
2021-03-01 44 days 2,040 sqft
2021-04-01 32 days 1,979 sqft
2021-05-01 25 days 1,936 sqft
2021-06-01 25 days 1,901 sqft
2021-07-01 25 days 1,979 sqft
2021-08-01 32 days 1,977 sqft
2021-09-01 39 days 1,984 sqft
2021-10-01 43 days 1,950 sqft
2021-11-01 39 days 1,911 sqft
2021-12-01 45 days 1,941 sqft
2022-01-01 50 days 1,970 sqft
2022-02-01 38 days 1,929 sqft
2022-03-01 32 days 1,926 sqft
2022-04-01 26 days 2,032 sqft
2022-05-01 27 days 2,038 sqft
2022-06-01 29 days 2,066 sqft
2022-07-01 29 days 1,996 sqft
2022-08-01 35 days 2,020 sqft
2022-09-01 40 days 2,051 sqft
2022-10-01 39 days 2,085 sqft
2022-11-01 41 days 2,039 sqft
2022-12-01 52 days 2,058 sqft
2023-01-01 53 days 2,024 sqft
2023-02-01 50 days 2,009 sqft
2023-03-01 47 days 1,995 sqft
2023-04-01 42 days 2,023 sqft
Little Rock's median listing age (time on market) for 2023-04-01 was 42 days. This is 62% longer than the same period one year ago.

Little Rock's median square footage for active listings during the 2023-04-01 period was 2,023 sqft. One year prior, the average listing was 2,032 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).