Enhancements to Government Transactions

Homebridge is pleased to announce we are removing the credit score and DTI overlays to FHA, VA, and USDA transactions implemented due to COVID-19

Credit Score

  • The new minimum credit score for all FHA, VA, and USDA transactions, including NCQ Streamlines and IRRRLs, is 620 (previously 640)
  • Transactions with a credit score of 620-639 the following now applies:
    • Refinance transactions eligible (previously purchase only)
    • An “Approve/Eligible