<p>Millions of Americans turn to FHA-backed loans to help make homeownership possible, but few realize that not all FHA providers are created equal.</p>
<p> </p>
<h4>HIGHLIGHTS</h4>
<ul>
<li>580 minimum credit score for purchases</li>
<li>600 minimum credit score for cash-out refinances</li>
<li>Eligible property types include single-family homes, condos, manufactured homes and 2-4 unit properties</li>
<li>Credit qualifying without appraisal</li>
<li>Non-credit qualifying available</li>
<li>DU/LPA approval required</li>
</ul>
USDA
<p>We are proud to offer the U.S. Department of Agriculture (USDA) Guaranteed Rural Housing Program. This program is designed to help low-to-moderate income families achieve homeownership in eligible communities. To determine property eligibility and income limits, visit: <a href="http://eligibility.sc.egov.usda.gov">http://eligibility.sc.egov.usda.gov</a>.</p>
<p> </p>
<h4>HIGHLIGHTS</h4>
<ul>
<li>640 minimum credit score for purchases and rate and term refinances</li>
<li>620 minimum credit score for streamlined and streamlined assist</li>
<li>100% loan-to-value (LTV) available</li>
<li>Eligible fees may be rolled into the loan</li>
<li>Gift funds allowed</li>
<li>Government down payment assistance allowed</li>
</ul>
VA & IRRRLs
<p>Newrez is committed to helping our U.S. military service members achieve their homeownership dreams.</p>
<p> </p>
<h4>HIGHLIGHTS</h4>
<ul>
<li>580 minimum credit score</li>
<li>100% loan-to-value (LTV) available for purchases</li>
<li>90% loan-to-value (LTV) for cash-out refinances</li>
<li>Available for loan amounts up to $1M</li>
<li>No down payment required on purchases</li>
<li>Unlimited LTV/CLTV on primary residence IRRRLs</li>
<li>IRRRLs available for investment properties</li>
</ul>
RESOURCES
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