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Cash Out
VA – 90% Max LTV; Max LTV could vary by program
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*Loan programs subject to change at any time without prior notice.*
1Max 95% LTV Owner Occupied with 720 Min FICO®; Purchase/ R&T; Max 41% DTI; 1 unit SFR only; Not allowed in AZ, CA, FL, MI, NV, OH; 80% Max LTV in AZ, CA, NV, and FL – exceptions approved on a case-by-case basis with 740 FICO and max 90% LTV.
2 TLTV must be met with HTLTV maximum. Max cash disbursed at close limited to TLTV.
3Any non-streamline VA is considered cash out.
4MI Guidelines apply for all conventional loans.
5Max loan amount is $417,000 or HUD county limit, which ever is lower (excluding Hawaii); Hawaii is $544,185.
6Min loan amount is $417,001 (excluding Hawaii); Hawaii is $544,186.
NOTE: Values shown are examples of maximums and minimums allowed. Consult Direct Mortgage Loan Program Guidelines for details regarding any specific loan.
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