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Underwriting Method |
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Underwriting Method |
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| • | All loans (except non-credit qualifying streamline refinance) must be decisioned through FHA TOTAL scorecard by DU®. “Refer” decisions may be eligible for manual underwriting. (see FHA Manual Underwriting Guidelines) |
| • | 620 minimum credit score required for all borrowers, regardless of any AUS decision. |
| • | A credit report will only be used to validate the credit score for non-credit qualifying streamline refinance loans. |