- One of the last true 100% loans
- 102% Financing (2% goes to Rural Housing to Guarantee Loan)
- 6% seller concessions
- No monthly MI
- Full Doc only
- Only available in “Rural Areas” – nothing in Salt Lake County, in Utah County the property needs to be west of the Jordan River or South of the Spanish Fork River.
- 581 Minimum FICO Debt Ratio is 29/41 unless score is > 620 then by exception your debt ratio can go to 50%
- No Automated Underwriting System (AUS… like DU/DO). These loans are manually underwritten by and underwriter right from the start.
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