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USDA
- No Score & 1 Score
- 600 minimum score for manual underwriting (specific requirements for 600 - 619 required, please view 600 - 619 matrix under Forms & Tools)
- 640 minimum score for GUS Approve/Eligible
- Manual Underwriting allowed
- Escrow holdback available for repairs (follow USDA guidelines)
- Manufactured homes accepted per USDA guidelines
- Refinance USDA to USDA
- Access to GUS available for Brokers & Correspondents
FHA
- NO SCORE & 1 score
- 600 minimum score (specific requirements for 600 - 619 required, please view 600 - 619 matrix under Forms & Tools)
- Manual underwriting available - DTI options up to 47% (see matrix for details)
- Streamlines accepted
- Max DTI 55% with Approve/Eligible
- Escrow Holdback available up to $5000 - see matrix
- Manufactured & Modular Homes
- Grants & DPA allowed
- Follow FHA Guidelines
- DU accepted
- High Balance loans available
VA
- No Score & 1 Score
- 600 minimum score (specific requirements for 600 - 619 required, please view 600 - 619 matrix under Forms & Tools)
- 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
- Manufactured & Modular homes
- 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.