FHA

Available Products and Parameters - Maximum loan amount varies based on geographical limit per county
Borrower Eligibility - No ownership in any other FHA-insured property
Loan-to-Value

• Maximum 96.5% LTV
• Minimum 3.5% down.

Borrower Contribution - 3.5% (can be gift)
Mortgage Insurance

• Up front premium
• Annual/monthly MI

Occupancy - Owner-occupied
Seller Contribution - Maximum 6%
Reserves - 2 months or total scorecard
Subordinate Financing - permitted through a Regions-approved down payment assistance program (DPA).