Removal of Overlays on the FHA/VA Credit Qualifying Programs

HomeBridge is pleased to announce the elimination of a number of the overlays applied to credit qualifying FHA and VA transactions.  These improvements may be applied to loans currently in the pipeline and new submissions.

FHA and VA Programs Credit Score 620-639

  • The maximum DTI of 45% for properties located in certain states has been removed
  • The maximum DTI of 50% for borrowers with a credit score of 620-639 and not in certain states has also been removed
  • The DTI for all borrowers with a credit score of 620 and higher, regardless of property location, is now per DU with “Approve/Eligible