NO FICO LOANS
is currently offering no FICO mortgages for properties located in the State of California.
- Purchase only.
- No credit score required or allowed.
- First-time homebuyer OK.
- Primary residence only.
- Up to 96.5% loan-to-value.
- Down payment may be a gift.
- W-2 wage earner or self-employed.
- SFR, PUD, condos, townhomes and 2-4 units.
- No housing payment history OK with budget letter.
- Borrowers must have 3 non-traditional credit references.
- No late payment allowed on any account within past 12 months.
- 2 months PITI reserves must come from borrower’s own funds.
- Reserves must be seasoned for 2 mos.
- Gifts do not require seasoning.
- Up to 45% DTI with compensating factors, 41% DTI without.
- Manual underwriting using FHA Total Scorecard.
- Loan limits are county-specific, click here for FHA look-up.
- 30-year fixed rate.
- No prepayment penalty.
To download loan application
for our no FICO
LENDERLINE® is your
no FICO lender of choice.
Questions? Call us toll-free at 1-888-661-7888.