|
gptkbp:instanceOf
|
gptkb:mortgage_loan_program
|
|
gptkbp:administeredBy
|
gptkb:Federal_Housing_Administration
|
|
gptkbp:allowsGiftFunds
|
yes
|
|
gptkbp:alternativeTo
|
conventional mortgage
|
|
gptkbp:appraisalRequirement
|
FHA appraisal
|
|
gptkbp:assumable
|
yes
|
|
gptkbp:debtToIncomeRatioLimit
|
typically 43%
|
|
gptkbp:downPaymentRequirement
|
as low as 3.5%
|
|
gptkbp:eligibleBorrower
|
owner-occupant
|
|
gptkbp:eligiblePropertyType
|
single-family home
1-4 unit property
|
|
gptkbp:filingMethod
|
15 years
30 years
|
|
gptkbp:insuredBy
|
gptkb:Federal_Housing_Administration
|
|
gptkbp:introducedIn
|
1934
|
|
gptkbp:maximumLoanAmount
|
varies by county
no specific limit
|
|
gptkbp:minimumCreditScore
|
minimum 580 for 3.5% down payment
500-579 for 10% down payment
|
|
gptkbp:mortgageInsuranceType
|
annual mortgage insurance premium (MIP)
upfront mortgage insurance premium (UFMIP)
|
|
gptkbp:occupancyRequirement
|
primary residence
|
|
gptkbp:prepaymentPenalty
|
no
|
|
gptkbp:purpose
|
home purchase
refinancing
|
|
gptkbp:regulates
|
gptkb:U.S._Department_of_Housing_and_Urban_Development
|
|
gptkbp:requiresMortgageInsurance
|
yes
|
|
gptkbp:bfsParent
|
gptkb:Federal_Housing_Administration_(FHA)
|
|
gptkbp:bfsLayer
|
6
|
|
http://www.w3.org/2000/01/rdf-schema#label
|
FHA 203(b) loan
|