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New Private Mortgage Insurance Changes!
New Private Mortgage Insurance Changes!
We finally have some good news in the mortgage industry!
95% loan to value is now available on conventional mortgages in California, Arizona and Nevada.
(Not available in Florida)
Here are some of the program guidelines.
- 740 credit score required for California and Arizona.
- 760 credit score required for Nevada
- 720 credit score for all other approved states (not available in Florida)
- 45% debt to income ratio.
- Maximum loan amount is $417,000.00.
- Single family residence and detached planned unit developments.
- 720 credit score for all other states.
- 45% debt to income ratio available – all credit scores (41% in Florida)!
- 90% loan to value also available with a 680* score , maximum debt to income ratio of 41%
up to $417,000.00 (* minimum 720 score in California, Arizona, Nevada and Florida).
Feel free to contact us for more information or a customized rate quote.
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