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| South Shore Mortgage FHA Product Grid |
| Product |
FICO |
Loan Limit |
Ratios |
Cash
Out |
LTV
RT |
LTV
Purch |
Mtg
History |
Price Adjust |
MIP |
| Standard |
<620 |
**Submit Full application, credit report to Underwriting. They will be on a case by case decision.
**Call for current rates. |
| 620 |
<= $417,000 |
620-700 38/47
700+ 46/55 |
85% LTV |
97.75% |
96.5%
6% Seller's
Concession |
1 X 30 12 Mo |
580-619 -1.5%
620-659 -0.5% |
1% UFMIP
.90 MTHY |
| Jumbo |
640 |
> $417,000 or
Max $729,750 or
County Limit |
640 38/47 |
85% LTV |
97.75% |
96.5%
6% Seller's
Concession |
0 X 30 12 Mo |
640-659 -0.5% |
1% UFMIP
.90 MTHY |
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Web site for limits:
https://entp.hud.gov/idapp/html/hicostlook.cfm
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