580-620 with debt-to-income limits
580 high balance with limits
3.5% minimum borrower
Monthly mortgage insurance required
100% gift funds allowed
Up to 6% seller contribution
*The loan program referenced is subject to Summit's program minimum FICO and underwriting requirements, which may differ from those imposed by the FHA. Summit is a private mortgage lender authorized as an approved FHA direct seller servicer. This communication is not intended to indicate FHA endorsement or approval of any loan program.