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Federal Housing Administration
| Indymac Bank is proud to offer a full line of FHA products.1 According to the U.S. Department
of Housing and Urban Development (HUD) modernization campaign, over 200,000 new borrowers will
purchase or refinance into a FHA product by end of 2008. Adding this product to your offering
will help you rapidly expand your opportunities and create new sources of revenue. In order for a FHA approved
customer to begin originating FHA loans with Indymac, you will need to complete and return the
Master Customer Contract.
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Available products:
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10-, 15-, 20-, 25- and 30-year Fixed |
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1/1/5 ARM with a 2% margin2 |
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FHA 95% Cash-Out / 85% on loans over $417,000 |
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FHA Streamline |
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FHASecure |
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Features:
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Owner Occupied properties |
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Property types: 1, 2, 3 and 4 unit properties |
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Condominiums |
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Full Documentation |
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3% down payment required |
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No cash reserve requirement for 1 and 2 unit properties |
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Ratios: 31/43 |
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Up to 6% seller contribution |
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Cash out Refinance available up to 95% |
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FHA Streamline and Secure products will not be originated in e-MITS®.
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Get marketing materials and product information in Spanish at
Zona Hipotecaria. |
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Maximum loan amounts vary by state, county and property type, and may be less. |
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Ensure your applicants understand that with ARM loans, their payments and interest rates may increase significantly over time. |
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| Guidelines are only for reference. Refer to the Indymac Bank Lending Guide for detailed information on products, programs, procedures, representations and warranties. |
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| *Rates, fees and programs are subject to change without notice. |
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| Rate sheets do not represent program guidelines. Please refer to the Indymac Bank Lending Guide for specific parameters. |
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Get Approved! |
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Become an Indymac Bank approved seller. |
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