HomeBridge is pleased to announce enhancements to our FHA and VA programs as outlined below.
VA Program
Cash-out refinance transactions with 90.01% to 100% LTV have been enhanced as follows:
- High balance loan amounts now eligible (previously limited to conforming loan amounts)
- The additional residual income requirement has been removed (standard VA residual income requirements continue to apply)
FHA and VA Programs
- New Jersey 3-4 Unit Properties:
- All restrictions on New Jersey 3-4 unit properties have been removed; HomeBridge standard guidelines now apply
- 2-4 unit Properties Subject to Short Sale:
- The requirement that the property had been listed on the MLS for a minimum of 30 days prior to the execution of the sales contract has been removed
- Properties designated as an “exclusive listing
