Your Government Lending Specialist    

      USDA, FHA, VA & Conventional Lender

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Send it in to us at [email protected]

Government Loans leave a lot of flexibility - let us help you put your loan together!

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USDA

  • 620 minimum score for manual underwriting 
  • GUS Approve/Eligible & Manual Underwriting allowed
  • Escrow holdback available for repairs (follow USDA guidelines)
  • Refinance USDA to USDA
  • Access to GUS available for Brokers & Correspondents

FHA

  •  620 minimum score 
  • Manual underwriting available - DTI options up to 47% (see matrix for details)
  • Streamlines accepted
  • Max DTI 55% with Approve/Eligible (660+ credit score)
  • Escrow Holdback available up to $5000 - see matrix
  • Grants & DPA allowed
  • Follow FHA Guidelines
  • DU accepted
  • High Balance loans available

VA

  • 620 minimum score 
  • Manual underwriting available
  • IRRRL's available - No Appraisal or AVM required
  • Max DTI 50% with Approve/Eligible
  • Escrow holdback available up to $5000 - see matrix
  • VA Approval with Flanagan State Bank required
  • DU accepted
  • Follow VA guidelines
  • High balance loans available

Conventional

  • 97% LTV - FNMA & FHLMC
  • 620 minimum score
  • subordinate financing allowed
  • follow agency guidelines
  • 1-4 Unit (O/O & N/O/O)
  • Cash Out
  • Escrow waiver allowed 80% LTV or less
  • Max 97% LTV
  • LPMI
  • Single Financed MI & Split Premium MI
  • Manufactured & Modular Homes 
  • Mortgage Insurance companies: Arch, MGIC, Genworth
  • High Balance Conventional now available.   Not shown on rate sheets or online pricing. Please contact [email protected] for pricing.

Flanagan State Bank is a VA, FHA and USDA approved lending institution and is not acting on behalf of the VA, HUD/FHA, USDA or the Federal Government.