Loan Overview

FHA 203(k)

HomeStyle

Government

Conventional

One-Time Construction Loan

One-Time Constuction Loan

Purhcase or refinance

Purchase or Refinance

Owner occupied

Primary residence, 2nd Home, or investment property

FICO 620

FICO 620

3.5% min down, may be gifted

5% min down, gift funds follow FNMA guides

Limited version available 

Limited version available (no HUD Consultant required)

PMI follows FHA guidelines.  Less than 10% down, PMI cannot be removed for life of loan

Private MI, removal of PMI follows FNMA guidelines

High balance available

High balance available

Up to $453,100 (high balance in some states)

FHA loan limits

Home must be already completed; condo must be FHA approved

Unfinished homes and condos are allowed

Specific remodeling and renovation allowed

All types of renovation and repairs allowed as long as it is attached to real property

Work write-up required (Standard Only)

Work write-up not required

HUD Consultant (Standard Only)

HUD Consultant for inspections only

OneTrust Home Loans is trade name of the legal entity, CalCon Mutual Mortgage LLC, a Delaware LLC (NMLS #46375). The OneTrust name has been registered in most states where CalCon operates, and in those states where it is not registered, we operate as CalCon. Equal Housing Lender. Matt Glynn NMLS #845662 / Matt Mounier NMLS #1378630 

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