2023 Mortgage Information

Thank you Lendello Mortgage for providing this information on 2023 Mortgage Home Loans.

Home Mortgage Programs:

Conventional 3% Down Home Ready & Possible: 620 Credit Score, Income Limits, Area Restrictions, Reduced PMI

Conventional5% Down Program: 620 credit score, No income restrictions, PMI based on loan

FHA 3.5% Down Payment:  580 credit score, FHA Upfront PMI of 1.75%, monthly PMI 55%, seller can provided up to 6% of concessions

VA 0% Down … 100% Financing:  580 credit score, no PMI monthly, seller can pay 4% in concessions, 2.15% funding fee for first time user, 3.3% funding fee for subsequent

2023 Home Loan Information:  Max Loan Amounts:

Conventional:  $726,200

FHA:  $472,030

USDA: No Max

VA:  Contingent on guaranty entitlement

Max Seller Paid Concessions (Based on Sales Price) 

Conventional: 3-5% down ….. 3% seller paid

Conventional: 10-20% down …. 6% seller paid

FHA:  3-5%  …. 6% seller paid

VA:  0% down …. 4% seller paid

USDA:  0% down …. 6% seller paid