Stockton FHA Loan Rates, Closing Costs & Stats

STOCKTON, 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.

Stockton's 126 lenders originated 1,753 FHA loans during 2023. The total origination value was $773,675,000, with an average FHA loan value of $441,343.

Stockton FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Stockton averaged 6.42% for the week of 2024-07-12, compared to the national average (all FHA variants) of 6.655% for the same period.

Stockton's average FHA mortgage closing costs are $11,781.

The average rate for the prior week (2024-07-05) was 6.29% and one month ago for the week of 2024-06-07, the average rate was 6.27%.

The average rate one year ago was 6.77%.

For refis of the same type during the week of 2024-07-12, the average rate was 6.74%.

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

Stockton 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 Stockton level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 323 6.08% $17,231
QUICKEN LOANS, LLC 141 6.16% $17,287
LOANDEPOT.COM, LLC 119 6.24% $17,317
AMERICAN PACIFIC MORTGAGE CORPORATION 82 6.53% $18,246
CROSSCOUNTRY MORTGAGE, LLC 68 6.45% $18,956
SUMMIT FUNDING, INC. 65 6.46% $18,782
DHI MORTGAGE COMPANY, LTD. 41 5.71% $13,667
Century Mortgage Company DBA Century Lending Company 37 6.32% $16,358
KBHS HOME LOANS, LLC 28 5.83% $23,694
Sierra Pacific Mortgage Company, Inc. 27 6.46% $17,571
HOMEAMERICAN MORTGAGE CORPORATION 27 5.57% $14,229
Paramount Residential Mortgage Group, Inc. 26 6.30% $16,203
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 26 6.36% $16,841
HOMEOWNERS FINANCIAL GROUP USA, LLC 25 6.34% $19,669
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 24 5.53% $13,957
GUILD MORTGAGE COMPANY 20 6.70% $17,575
PRIMARY RESIDENTIAL MORTGAGE, INC. 18 6.42% $19,412
EAGLE HOME MORTGAGE, LLC 18 5.86% $23,409
AMERICAN FINANCIAL NETWORK, INC. 18 6.65% $20,156
RESIDENTIAL BANCORP 17 6.54% $18,869
Carrington Mortgage Services, LLC 16 6.38% $18,334
U.S. Bank 16 6.44% $16,487
BROKER SOLUTIONS, INC. 16 6.33% $17,488
EVERETT FINANCIAL, INC. 15 7.18% $19,340
CARDINAL FINANCIAL 15 6.32% $19,025
SUN WEST MORTGAGE COMPANY, INC. 14 6.44% $18,339
SCENIC OAKS FUNDING, INC. 14 6.50% $18,371
PENNYMAC LOAN SERVICES, LLC 14 6.06% $16,356
FREEDOM MORTGAGE CORPORATION 14 6.78% $18,638
Golden Empire Mortgage, Inc. 11 6.48% $17,974
CALCON MUTUAL MORTGAGE LLC 11 6.58% $19,067
GUARANTEED RATE, INC. 11 6.18% $15,093
CMG MORTGAGE, INC. 10 6.26% $23,030
S1L, Inc. 10 6.41% $19,221
LAND HOME FINANCIAL SERVICES, INC. 10 6.74% $16,710
PLAZA HOME MORTGAGE, INC. 9 6.36% $16,383
NEWREZ LLC 9 6.17% $17,352
NATIONS DIRECT MORTGAGE, LLC 9 6.75% $17,013
SECURITYNATIONAL MORTGAGE COMPANY 7 6.11% $23,548
Mr. Cooper ( Nationstar Mortgage ) 7 6.29% $18,775
Commerce Home Mortgage, Inc. 7 7.00% $17,182
OCMBC, INC. 7 7.00% $18,444
Plains Commerce Bank 6 6.63% $19,860
LAKEVIEW LOAN SERVICING, LLC 6 6.06% $17,040
ACADEMY MORTGAGE CORPORATION 6 6.15% $17,663
PRIMELENDING, A PLAINSCAPITAL COMPANY 6 7.13% $18,042
HOMEBRIDGE FINANCIAL SERVICES, INC. 5 6.12% $19,028
PACIFIC RESIDENTIAL MORTGAGE, LLC 5 6.48% $13,250
ALAMEDA MORTGAGE CORPORATION 5 6.73% $15,018
Flagstar Bank, FSB 5 6.75% $16,382
AMERISAVE MORTGAGE CORPORATION 5 5.50% $19,589
PLANET HOME LENDING, LLC 4 6.03% $19,125
BECKAM FUNDING CORP. 4 6.81% $33,739
ALLIED MORTGAGE GROUP, INC. 4 7.03% $18,852
ENVOY MORTGAGE, LTD 4 6.22% $15,987
Equity Prime Mortgage LLC 4 6.97% $16,613
MUTUAL OF OMAHA MORTGAGE, INC. 4 6.19% $18,227
Wells Fargo Bank 4 6.63% $12,999
ML Mortgage Corp. 4 6.72% $15,544
CITY FIRST MORTGAGE SERVICES, L.L.C. 3 6.62% $17,281
AmeriHome Mortgage Company, LLC 3 5.92% $18,171
Ameris Bank 3 6.04% $12,932
DIGNIFIED HOME LOANS, LLC 3 6.21% $12,043
GUARANTEED RATE AFFINITY, LLC 3 6.71% $12,255
JPMorgan Chase Bank 3 5.91% $12,873
LADERA LENDING, INC. 3 6.13% $14,392
MASON MCDUFFIE MORTGAGE CORPORATION 3 6.91% $19,604
MLD MORTGAGE INC. 3 6.21% $17,650
NETWORK CAPITAL FUNDING CORPORATION 3 5.92% $21,682
NFM, INC. 3 6.71% $18,930
South Pacific Financial Corporation 3 5.79% $16,522
The Loan Store, Inc. 3 7.08% $16,952
VILLAGE CAPITAL MORTGAGE 3 5.71% $25,119
Watermark Capital, Inc. 3 6.13% $15,728
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 6.31% $13,202
Keystone Funding, Inc. 2 5.88% $15,260
Hometown Equity Mortgage, LLC 2 6.00% $23,033
NexBank 2 6.13% $14,261
VERITAS FUNDING, LLC 2 6.94% $16,207
GUARANTY HOME MORTGAGE CORPORATION 2 5.38% $11,954
LOANLEADERS OF AMERICA, INC. 2 5.50% $20,329
Franklin Loan Corporation 2 6.63% $20,929
Performance Financial, Inc. 2 6.75% $14,031
CHURCHILL MORTGAGE CORPORATION 2 6.94% $14,467
Platinum Home Mortgage Corporation 2 6.50% $19,746
CASTLE & COOKE MORTGAGE, LLC 2 6.50% $14,535
Bank of America 2 6.00% $24,309
AmRes Corporation 2 6.94% $24,374
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.81% $15,607
American Mortgage & Equity Consultants, Inc. 2 6.38% $18,013
AMERICAN FINANCING CORPORATION 2 5.75% $18,724
The Federal Savings Bank 2 6.88% $25,755
ZILLOW HOME LOANS, LLC 2 5.88% $13,843
UNION HOME MORTGAGE CORP. 2 6.88% $20,140
MANN FINANCIAL INC. 2 7.19% $15,373
AMERICAN FINANCIAL RESOURCES, INC. 2 5.63% $13,813
AMCAP MORTGAGE, LTD. 2 6.44% $19,245
LOANPAL, LLC 2 5.00% $20,634
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.25% $13,511
MOUNTAIN WEST FINANCIAL, INC. 2 6.69% $12,738
Barrington Bank & Trust Company, N.A. 1 6.63% $14,918
Lakeview Community Capital, LLC 1 5.75% $18,995
TruHome Solutions, LLC 1 5.88% $22,784
Nations Lending Corporation 1 7.75% $7,188
Vellum Mortgage, Inc. 1 6.50% $15,385
Residential Mortgage Solutions, Inc. 1 6.50% $16,632
RUOFF MORTGAGE COMPANY, INC. 1 6.75% $18,616
Arvest Bank 1 6.88% $13,194
Northpointe Bank 1 7.13% $17,330
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.00% $20,946
ON Q FINANCIAL, INC. 1 7.75% $21,221
ONY GLO, INC. 1 6.75% $20,524
MOVEMENT MORTGAGE, LLC 1 5.75% $28,855
Shea Mortgage Inc. 1 5.13% $11,491
First Bank 1 6.00% $21,677
THE GOLDEN 1 1 5.75% $14,429
Citizens Bank 1 5.13% $18,899
SNAPFI, INC. 1 6.63% $15,437
AHL FUNDING 1 6.63% $16,780
Mortgage Research Center, LLC 1 6.75% $13,001
PNC Bank 1 5.25% $21,818
POINT Mortgage 1 6.75% $14,848
PREMIER LENDING, INC. 1 5.75% $19,822
PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.38% $18,899
CALIBER HOME LOANS, INC. 1 5.75% $15,534
BAY EQUITY LLC 1 6.63% $21,064

The top Stockton FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 323 FHA loans originated. Their average total fees are $17,231, which is $56 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Stockton FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($13,667), K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. ($13,957), HOMEAMERICAN MORTGAGE CORPORATION ($14,229), GUARANTEED RATE, INC. ($15,093) and Paramount Residential Mortgage Group, Inc. ($16,203).

The lowest rate Stockton FHA lenders (with over 10 loans originated) are K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. (5.53%), HOMEAMERICAN MORTGAGE CORPORATION (5.57%), DHI MORTGAGE COMPANY, LTD. (5.71%), KBHS HOME LOANS, LLC (5.83%) and EAGLE HOME MORTGAGE, LLC (5.86%).

Stockton FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
STOCKTON, CA SAN JOAQUIN 2022 $563,500 $721,400 $872,000 $1,083,650
STOCKTON, CA SAN JOAQUIN 2023 $656,650 $840,650 $1,016,150 $1,262,800

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Stockton (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 $383,500 (12.1%) $466,243 (8.2%) 1.42 825
2018-02-01 $377,000 (8.0%) $467,496 (9.4%) 1.37 821
2018-03-01 $375,000 (7.9%) $454,806 (6.6%) 1.32 828
2018-04-01 $383,000 (6.4%) $470,046 (8.8%) 1.30 920
2018-05-01 $383,000 (3.0%) $478,855 (7.4%) 1.28 1,039
2018-06-01 $389,900 (2.8%) $482,302 (7.6%) 1.30 1,151
2018-07-01 $389,900 (1.3%) $474,965 (5.9%) 1.30 1,217
2018-08-01 $385,472 (1.4%) $463,983 (3.7%) 1.29 1,372
2018-09-01 $385,000 (1.6%) $463,907 (4.0%) 1.29 1,476
2018-10-01 $385,000 (2.7%) $460,663 (3.2%) 1.30 1,507
2018-11-01 $386,425 (3.0%) $509,234 (12.2%) 1.31 1,505
2018-12-01 $389,000 (2.4%) $461,578 (0.7%) 1.34 1,395
2019-01-01 $386,250 (0.7%) $452,564 (-2.9%) 1.33 1,206
2019-02-01 $380,000 (0.8%) $452,218 (-3.3%) 1.28 1,151
2019-03-01 $400,082 (6.7%) $476,973 (4.9%) 1.31 1,141
2019-04-01 $417,000 (8.9%) $488,914 (4.0%) 1.32 1,176
2019-05-01 $419,475 (9.5%) $497,314 (3.9%) 1.31 1,303
2019-06-01 $424,999 (9.0%) $554,533 (15.0%) 1.33 1,402
2019-07-01 $428,598 (9.9%) $873,615 (83.9%) 1.34 1,456
2019-08-01 $426,848 (10.7%) $1,030,356 (122.1%) 1.35 1,441
2019-09-01 $422,121 (9.6%) $782,546 (68.7%) 1.35 1,467
2019-10-01 $419,247 (8.9%) $534,562 (16.0%) 1.35 1,474
2019-11-01 $425,000 (10.0%) $482,396 (-5.3%) 1.39 1,378
2019-12-01 $432,500 (11.2%) $491,445 (6.5%) 1.44 1,131
2020-01-01 $424,975 (10.0%) $494,574 (9.3%) 1.42 981
2020-02-01 $434,000 (14.2%) $504,604 (11.6%) 1.42 893
2020-03-01 $429,225 (7.3%) $500,527 (4.9%) 1.35 905
2020-04-01 $429,450 (3.0%) $502,525 (2.8%) 1.35 975
2020-05-01 $434,900 (3.7%) $511,381 (2.8%) 1.32 965
2020-06-01 $446,500 (5.1%) $533,384 (-3.8%) 1.32 772
2020-07-01 $445,000 (3.8%) $550,313 (-37.0%) 1.29 641
2020-08-01 $449,250 (5.3%) $550,593 (-46.6%) 1.29 567
2020-09-01 $455,975 (8.0%) $570,090 (-27.2%) 1.31 563
2020-10-01 $450,000 (7.3%) $552,407 (3.3%) 1.29 556
2020-11-01 $450,000 (5.9%) $574,401 (19.1%) 1.32 490
2020-12-01 $449,950 (4.0%) $578,313 (17.7%) 1.34 400
2021-01-01 $450,000 (5.9%) $604,149 (22.2%) 1.34 334
2021-02-01 $459,500 (5.9%) $607,067 (20.3%) 1.34 330
2021-03-01 $453,450 (5.6%) $590,781 (18.0%) 1.29 382
2021-04-01 $498,250 (16.0%) $625,326 (24.4%) 1.35 410
2021-05-01 $499,000 (14.7%) $623,769 (22.0%) 1.33 446
2021-06-01 $524,595 (17.5%) $643,418 (20.6%) 1.38 569
2021-07-01 $540,000 (21.4%) $643,722 (17.0%) 1.42 677
2021-08-01 $537,450 (19.6%) $650,459 (18.1%) 1.43 792
2021-09-01 $542,250 (18.9%) $646,095 (13.3%) 1.45 825
2021-10-01 $539,570 (19.9%) $632,949 (14.6%) 1.44 816
2021-11-01 $540,144 (20.0%) $632,138 (10.1%) 1.44 649
2021-12-01 $542,475 (20.6%) $649,193 (12.3%) 1.47 491
2022-01-01 $548,250 (21.8%) $660,166 (9.3%) 1.48 383
2022-02-01 $565,000 (23.0%) $700,971 (15.5%) 1.47 395
2022-03-01 $595,000 (31.2%) $740,624 (25.4%) 1.49 447
2022-04-01 $600,000 (20.4%) $741,732 (18.6%) 1.43 559
2022-05-01 $627,000 (25.7%) $733,646 (17.6%) 1.43 798
2022-06-01 $631,997 (20.5%) $718,105 (11.6%) 1.41 1,031
2022-07-01 $601,278 (11.4%) $682,566 (6.0%) 1.35 1,321
2022-08-01 $594,795 (10.7%) $664,683 (2.2%) 1.38 1,333
2022-09-01 $581,950 (7.3%) $659,698 (2.1%) 1.36 1,237
2022-10-01 $560,000 (3.8%) $640,970 (1.3%) 1.32 1,239
2022-11-01 $550,450 (1.9%) $636,525 (0.7%) 1.32 1,138
2022-12-01 $542,745 (0.1%) $631,515 (-2.7%) 1.34 955
2023-01-01 $539,495 (-1.6%) $623,692 (-5.5%) 1.34 798
2023-02-01 $543,998 (-3.7%) $633,471 (-9.6%) 1.31 672
2023-03-01 $547,500 (-8.0%) $646,803 (-12.7%) 1.29 574
2023-04-01 $579,000 (-3.5%) $685,337 (-7.6%) 1.35 538
2023-05-01 $575,000 (-8.3%) $681,551 (-7.1%) 1.30 546
2023-06-01 $582,000 (-7.9%) $698,264 (-2.8%) 1.31 534
2023-07-01 $587,800 (-2.2%) $705,176 (3.3%) 1.34 579
2023-08-01 $585,965 (-1.5%) $681,632 (2.6%) 1.35 626
2023-09-01 $579,450 (-0.4%) $671,364 (1.8%) 1.35 672
2023-10-01 $582,500 (4.0%) $673,903 (5.1%) 1.37 716
2023-11-01 $575,000 (4.5%) $677,296 (6.4%) 1.37 783
2023-12-01 $549,000 (1.2%) $673,014 (6.6%) 1.34 702
2024-01-01 $544,450 (0.9%) $678,020 (8.7%) 1.33 596
2024-02-01 $549,500 (1.0%) $678,670 (7.1%) 1.32 613
2024-03-01 $562,000 (2.7%) $672,079 (3.9%) 1.32 627
2024-04-01 $593,200 (2.5%) $699,992 (2.1%) 1.38 647
2024-05-01 $599,000 (4.2%) $694,100 (1.8%) 1.35 784
2024-06-01 $599,871 (3.1%) $680,701 (-2.5%) 1.35 889
Stockton's median listing price for 2024-06-01 was $599,871, a difference of $17,871 (3.1%) versus the prior year and $871 versus the prior month.

Stockton's median listing price comes in at 135% of the national average.

Stockton's average listing price for 2024-06-01 was $680,701, a difference of $-17,563 (-2.5%) versus the prior year and $-13,399 versus the prior month.

For the 2024-06-01 period, Stockton had 889 MLS listings, a difference of 105 listings (13%) versus the prior month and 355 listings (66%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Stockton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 53 days 1,891 sqft
2018-02-01 37 days 1,824 sqft
2018-03-01 33 days 1,787 sqft
2018-04-01 31 days 1,797 sqft
2018-05-01 30 days 1,800 sqft
2018-06-01 36 days 1,830 sqft
2018-07-01 37 days 1,819 sqft
2018-08-01 37 days 1,787 sqft
2018-09-01 37 days 1,800 sqft
2018-10-01 44 days 1,808 sqft
2018-11-01 45 days 1,794 sqft
2018-12-01 53 days 1,800 sqft
2019-01-01 63 days 1,786 sqft
2019-02-01 48 days 1,774 sqft
2019-03-01 40 days 1,827 sqft
2019-04-01 37 days 1,873 sqft
2019-05-01 36 days 1,915 sqft
2019-06-01 38 days 1,900 sqft
2019-07-01 43 days 1,926 sqft
2019-08-01 46 days 1,920 sqft
2019-09-01 46 days 1,879 sqft
2019-10-01 47 days 1,851 sqft
2019-11-01 52 days 1,886 sqft
2019-12-01 64 days 1,889 sqft
2020-01-01 66 days 1,856 sqft
2020-02-01 50 days 1,890 sqft
2020-03-01 41 days 1,877 sqft
2020-04-01 44 days 1,867 sqft
2020-05-01 56 days 1,897 sqft
2020-06-01 58 days 1,918 sqft
2020-07-01 58 days 1,900 sqft
2020-08-01 40 days 1,900 sqft
2020-09-01 35 days 1,887 sqft
2020-10-01 35 days 1,828 sqft
2020-11-01 38 days 1,827 sqft
2020-12-01 46 days 1,779 sqft
2021-01-01 44 days 1,774 sqft
2021-02-01 28 days 1,701 sqft
2021-03-01 27 days 1,638 sqft
2021-04-01 23 days 1,728 sqft
2021-05-01 24 days 1,753 sqft
2021-06-01 21 days 1,830 sqft
2021-07-01 25 days 1,827 sqft
2021-08-01 25 days 1,844 sqft
2021-09-01 30 days 1,838 sqft
2021-10-01 33 days 1,836 sqft
2021-11-01 40 days 1,825 sqft
2021-12-01 45 days 1,803 sqft
2022-01-01 39 days 1,760 sqft
2022-02-01 28 days 1,737 sqft
2022-03-01 25 days 1,821 sqft
2022-04-01 24 days 1,890 sqft
2022-05-01 24 days 1,904 sqft
2022-06-01 26 days 1,925 sqft
2022-07-01 31 days 1,894 sqft
2022-08-01 38 days 1,900 sqft
2022-09-01 45 days 1,896 sqft
2022-10-01 48 days 1,871 sqft
2022-11-01 51 days 1,878 sqft
2022-12-01 62 days 1,848 sqft
2023-01-01 65 days 1,852 sqft
2023-02-01 53 days 1,871 sqft
2023-03-01 45 days 1,849 sqft
2023-04-01 33 days 1,910 sqft
2023-05-01 34 days 1,859 sqft
2023-06-01 33 days 1,897 sqft
2023-07-01 30 days 1,885 sqft
2023-08-01 32 days 1,865 sqft
2023-09-01 35 days 1,837 sqft
2023-10-01 38 days 1,868 sqft
2023-11-01 39 days 1,841 sqft
2023-12-01 47 days 1,769 sqft
2024-01-01 54 days 1,783 sqft
2024-02-01 37 days 1,766 sqft
2024-03-01 36 days 1,824 sqft
2024-04-01 34 days 1,858 sqft
2024-05-01 29 days 1,903 sqft
2024-06-01 31 days 1,919 sqft
Stockton's median listing age (time on market) for 2024-06-01 was 31 days. This is -5% shorter than the same period one year ago.

Stockton's median square footage for active listings during the 2024-06-01 period was 1,919 sqft. One year prior, the average listing was 1,897 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).