Homebridge is pleased to announce we are removing the credit score and DTI overlays to FHA, VA, and USDA transactions implemented due to COVID-19
Credit Score
- The new minimum credit score for all FHA, VA, and USDA transactions, including NCQ Streamlines and IRRRLs, is 620 (previously 640)
- Transactions with a credit score of 620-639 the following now applies:
- Refinance transactions eligible (previously purchase only)
- An “Approve/Eligible