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  Direct Mortgage VA Loan Programs

**Updated 1 Oct 2008**

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Program Number

Program Description

Program Type

Max Loan Amount

Max LTV/ CLTV

Min FICO

Occupancy Types

Purpose

Doc Types

6105

VA Traditional Fixed

Government

Conforming Loan Limit

100%

 None

OO

P

Full

6176

VA IRRRL (Interest Rate Reduction Refinance Loan)

Government
Conforming
Loan Limit
100%
N/A3
OO
R&T
Full

6178

VA DU Purchase,
Fixed

Government

Conforming Loan Limit

100%

 None

OO

P

Full

6179

VA DU Refinance

Government

Conforming Loan Limit

100%

 None

OO

CO

Full

*Loan programs subject to change at any time without prior notice.*
1 Maximum mortgage amounts for single family homes.
3 Credit scores lower than 620 may be allowed with and without price adjustments.


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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View a list of our FHA programs.
View a list of all our loan programs.

 
 
 


 
 
 
 
 
 
 
 

Legend:
OO = Owner Occupied
NOO = Non Owner Occupied or Investment
2nd = Second Home
P = Purchase
R&T = Rate & Term Refinance
CO = Cash Out Refinance
Stated=Stated Income Verified Assets
SISA = Stated Income Stated Asset
NINA = No Income No Asset
NIVA = No Income Verified Asset
Balloon = Balance Due Before End of Amortized Term
No Doc = Income, Assets, & Employment Neither Stated Nor Verified
No Ratio = Income Not Stated, Employment & Assets Verified
FHA = Federal Housing Administration
HUD = Housing & Urban Development, U.S. Department of
DU® = Desktop Underwriter®
LP = Loan Prospector®
FICO® score=Fair Isaac Corporation score or Beacon® score
VA = Veterans Affairs, United States Department of
   
 
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