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FHA Loans
We are manual underwriting experts
FHA loans have helped credit challenged, first-time buyers, and lower-income families since the 1930s. But really, anyone can get an FHA loan. If you have a borrower with thin tradelines, non-traditional credit references may be eligible instead, making FHA a great option for those borrowers.Program Features
FICOs 500+
Max LTV 96.5%
Loan amounts vary on location
Cash-out up to 80% LTV
Some may qualify for $100 Down Program
Non-traditional credit references allowed
Rate buydown program available for purchase loans
Terms available
30, 25, 20, 15, and 10yr Fixed
Documents
FHA Product Matrix
FHA Simple Refi Matrix
Product Matrix – $100 Down Loan
FHA Guidelines
Government Overlays
Tools
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FHA Manual Underwriting Checklist
Manual Underwriting Cover Letter
FHA Streamline Refinance
No Minimum FICO – No income documentation
FHA Streamline Refinance offers current FHA loan holders easy refinancing with minimal documentation and no appraisal. This program also offers lower total lender fees and reduced documentation compared to standard FHA loans.Program Features
No income documentation
No appraisal required
No minimum FICO
Terms available
30, 25, 20, 15, and 10yr Fixed
30yr Fixed High Balance
Documents
Streamline Product Matrix
Underwriting Guidelines
Government Overlays
Tools
See Today’s Rates (login required)
Net Tangilble Benefit Worksheet
Fee Worksheet
FHA 203(h) Products
The FHA 203(h) Mortgage Insurance for Disaster Victims program is available on purchase transactions for individuals impacted by disasters designated as Presidentially-Declared Major Disaster Areas (PDMDA). Currently available to qualifying renters/tenants and homeowners in PDMDA’s, some of which may qualify to purchase a new home with zero down payment.Program Features
Home may be repaired, rebuilt, or purchased
Purchase
500 minimum FICO
Up to 100% LTV
Terms available
30, 25, 20, and 15yr Fixed
15-30yr Fixed High Balance
Documents
203(h) Product Matrix
Government Overlays
Tools
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USDA Loans
550 Minimum FICO – 100% Financing Available
USDA loans are used primarily to help low-income individuals or households purchase homes in rural areas. Deliver on your client’s dream of a property in a less-populated area with no money down and possibly no out-of-pocket expenses.Program Features
Min FICO 550
Max LTV 100%, Zero down payment, zero out of pocket costs
Loan amounts are determined by qualifying ratios and county maximum income limits
Seller can pay closing costs and prepaids
No cash reserve requirements
Documents
USDA Product Matrix
USDA Underwriting Guidelines
Government Overlays
Tools
See Today’s Rates (login required)
Check eligibility by visiting http://eligibility.sc.egov.usda.g
USDA Streamlined Assist
No Minimum FICO – No DTI calculations
With Carrington’s USDA Streamlined Assist loan, borrowers can refinance an existing USDA loan with a simplified process requiring no appraisal, credit reports, property inspections, or DTI calculations. Typically, USDA loans are used to help low-income individuals or households finance homes in rural areas.Program Features
Max loan amount determined by county limits
No minimum FICO if no lates in the past 12 months
No appraisal or property inspection
No cash-out
Terms available
30-year Fixed
Documents
Streamlined Assist Product Matrix
Underwriting Guidelines
Government Overlays
Tools
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VA Loans
Especially for qualified veterans, service members and their spouses
As one of the country’s largest VA mortgage loan servicers, Carrington Mortgage Services, LLC continues to serve those who served in our nation’s armed forces by offering incredibly favorable lending terms to our nation’s veterans. We deliver quality customer service, competitive rates, and numerous loan options to fit your clients’ financing needs.Program Features
Min FICO 500
Max LTV 100%, Zero down payment, zero out of pocket costs
Loan amounts vary by geographic location
Rate buydown program available for purchase loans
Terms available
30-year Fixed
30-year Fixed High Balance
Rate buydown program available for purchase loans
Documents
VA Product Matrix
VA Underwriting Guidelines
Government Overlays
Nearest Living Relative Form
Disability Questionaire
Sponsorship Form
VA Guaranteed Home Loan Cash-Out Refinance Comparison Certification
Tools
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VA IRRRL Products
No Minimum FICO – No income documentation
Lowering rates and payments of existing VA loans is easy with Carrington. As one of the country’s largest VA mortgage loan servicers, we continue to “serve the underserved” by offering incredibly favorable lending terms to our nation’s veterans. The VA IRRRL is perfect for existing VA borrowers who may have some late mortgage payments and could benefit from better loan terms.
Program Features
No minimum FICO in most cases
Refinance of existing VA loan
No income documentation
No appraisal required
Terms available
15 & 30-year Fixed
15 & 30-year Fixed High Balance
Documents
VA IRRRL Product Matrix
VA IRRRL Product Guidelines
Government Overlays
Tools
See Today’s Rates (login required)
An Equal Housing Opportunity Lender. Copyright 2007 -
2025
. Carrington Mortgage Services, LLC headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS ID # 2600. Toll Free # 800-561-4567. All rights reserved. Restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines. Nationwide Mortgage Licensing System (NMLS) Consumer Access Web Site: