Information for Single-Family Lending and Real Estate Professionals
Program Announcement

April 8, 2022
Changes to Home Advantage Gov't Loans with DTI 45.01%-50.00%

Dear Lending Partners,

Good News!!

Effective with reservations made on and after April 11, 2022, the minimum credit score will be changing from 640 to 620 for FHA/VA/USDA Home Advantage loans with DTI ratios between 45.01% and up to 50.00% serviced by Idaho Housing Finance Association (IHFA).

The minimum credit score for FHA/VA/USDA Home Advantage loans at or below 45.00% DTI remains unchanged at 620 and will continue to be serviced by Lakeview Loan Servicing.

All other program terms, conditions and applicable overlays still apply.

Note: Home Advantage FHA & USDA loans for manufactured homes minimum credit score will remain at 640.

The Home Advantage manual, applicable matrices and other online references will be updated accordingly.

Please feel free to reach out to Corrina Obar with questions


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