FHA and VA Program Enhancements

HomeBridge is pleased to announce enhancements to our FHA and VA programs as outlined below.

VA Program

Cash-out refinance transactions with 90.01% to 100% LTV have been enhanced as follows:

  • High balance loan amounts now eligible (previously limited to conforming loan amounts)
  • The additional residual income requirement has been removed (standard VA residual income requirements continue to apply)

 FHA and VA Programs

  • New Jersey 3-4 Unit Properties:
    • All restrictions on New Jersey 3-4 unit properties have been removed; HomeBridge standard guidelines now apply
  • 2-4 unit Properties Subject to Short Sale:
    • The requirement that the property had been listed on the MLS for a minimum of 30 days prior to the execution of the sales contract has been removed
    • Properties designated as an “exclusive listing