Selling Guide

Published December 16, 2020

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  • Home
  • / Selling Guide
  • / Origination thru Closing
  • / Subpart B5: Unique Eligibility & Underwriting Considerations
  • / Chapter B5-6: HomeReady Mortgage

What are the maximum LTV, CLTV, and HCLTV ratios for HomeReady mortgage loans?

Maximum LTV, CLTV, and HCLTV Ratios for HomeReady Mortgage 

Refer to the Eligibility Matrix for maximum allowable LTV, CLTV, and HCLTV ratios for HomeReady mortgage loans. HomeReady loans that are originated in connection with manufactured homes must follow the more restrictive LTV, CLTV, and HCLTV ratios that apply. For example, the maximum LTV, CLTV, and HCLTV ratio for a one-unit HomeReady manufactured home that does not meet the MH Advantage requirements is 95%.

For more information, see B5-6-01, HomeReady Mortgage Loan and Borrower Eligibility. 

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