What is the QM Community Loan Program？
QM Community Loan: QM Community Loan is a product tailored especially for home buyers with low credit scores and minimal down payments. It welcomes first-time home buyers without any income limits.Available for FNMA DU purchase only & FHLMC LP Loans.
All FICO
Refer to your agent for property Location Requirement.
Turn Time:condition review 3-5 business day.
QM Community Loan Program Highlights
Primary Home Only
1) Loan Amount: Follow Agency Loan Limits
2) Loan Purpose: Purchase, Rate/Term Refinance, Cash Out Refinance
3) Max. LTV/CLTV: 95.00%/95.00% and follow AUS results
4) Min. FICO 620
5) Reserves: Follow AUS Results
Available in AZ,CA,CO,DC,FL,GA,HI,IL,IN,MD,MI,MN,NE,NM,NC,NV,OH,OK,OR,PA,SC,TN,TX,VA,WA,WV.
Click here to easily check property eligibility and find the listings of eligible properties.
