Liberty Mortgage

2501 S Trumbull Ave, Chicago, IL 60623 Phone: 773-677-6460   Email: libmtg@yahoo.com   NMLS # 1807234

Liberty: Illinois, Florida     DMI: AR, CA, CO, DC, FL, GA, IN,  IL,  MD, MI, NV,  SC, TX,  UT, VI

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Caliber

Account Manager:

Kyle Steen

Phone:

612-505-7225

Email:

kyle.steen@caliberhomeloans.com

Credit Requirements

Minimum FICO

* The minimum FICO has been increased to 640 for all FHA, VA, and USDA loans.

* Loans with FICOs between 640-659 and using gift funds require:

   6 months cash reserves, or  Residual income in excess of 120% of VA required (only applicable if)

   borrower’s place of business remains open and is calculated on borrower’s current level of pay)

Maximum DTI

* Per AUS, however loans with DTI > 50% require a min 700 FICO or 6 months reserves.

* Per AUS, however loans with DTI > 45% and the FICO is < 660 require:

   6 months cash reserves, or

* Residual income in excess of 120% of VA required (only applicable if borrower’s place of

  business remains open and is calculated on borrower’s current level of pay)

Loan Programs:

Download Program Guidelines:

           Elite Access                Premier Access      Homeowner’s Access            Fresh Start               Investment