FHA Jumbo Purchase And Refinance In Virginia
New American Mortgage is now offering FHA jumbo purchase and refinance for Virginia. Contact us for pricing.
Purchase and Rate/Term Refinance
- 660 Minimum FICO for all borrowers
- Max DTI ( debt to income) : 31/43
- 2 Appraisals required for purchase transactions, regardless of LTV
- Gift Funds are not permitted, however, gifts of equity from family members may be accepted for LTV’s under 80%
- Max LTV of 94.99% for purchase/rate term refinance
Cash Out Refinance
- 680 Minimum FICO for all borrowers
- maximum cash out limited to $100,000 or the lesser of 20% of loan amount
- The borrower may not have any other financed properties other than the subject property
- 2 Appraisals are required for cash-out transactions, regardless of LTV
- Max LTV of 85% for cash out refinance
- Max DTI: 31/43
FHA Jumbo loan limits vary by county in Virginia.
New American Mortgage originates mortgage in the entire state of Virginia. Apply online for your FREE mortgage consultation today.
(757) 971-2876
naoma.doriguzzi@newamerican.com
If you enjoyed this post, please consider subscribing to our FHA Mortgage Loan Blog feed and get future articles delivered to your feed reader. You can also share this article using the 'Share This' tool below.






Comments
No comments yet.
Sorry, the comment form is closed at this time.