Revised DTI Guidelines

Revised DTI Guidelines

Effective January 6, 2020

  • DTI of 45.0 l % to 50% will be allowed on FHA and Conventional loans with a minimum FICO score of 680.
  • Minimum credit score of 640 still permitted with maximum DTI of 45% on FHA, VA, USDA & Conventional products.

Revised FHA Credit Score Fee

Effective January 13, 2020

Friday Fast Facts – Manufactured Housing & Manual Underwriting

Manufactured Housing Loans

Reminder: US Bank made the following changes to loans secured with manufactured homes:

  • Minimum credit score of 680
  • Maximum DTI is 45%
  • NO Manual Underwrites Allowed

Please note these changes affect all loans reserved September 2, 2019 or later.

Manual Underwriting

Effective immediately: US Bank has changed the manual underwriting guidelines for new loan reservations on both Conventional and Government loan products.



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