Maximum LTV for FHA
Purchase 96.5%

Rate/Term 97.75%

Cash-Out 85%

1-4 Unit properties located in soft markets with loan amount >$417,000 and LTVs >=95% will require a second appraisal.

Complete list of loan limits found here:  https://entp.hud.gov/idapp/html/hicostlook.cfm

J. Whitney Barth

VP Credit/Product Development

Gateway Mortgage Group LLC