The document provides information on FHA loan guidelines including eligibility requirements, purchase limits, credit requirements, and other program details. Key points include: - Anyone with a social security number who will occupy the home as their primary residence can qualify for an FHA loan. - Borrowers can finance up to 97.75% of the purchase price with a minimum down payment of 3.5% and debt-to-income ratios not exceeding 31% and 43%. - Credit requirements are flexible, requiring three credit references from the last 12 months and a minimum credit score of 600.

1. FHA HIGHLIGHTS

4. HOW MUCH CAN THEY BUY?

8. Why is wells so? • Charge-off • or Deed in Lieu This policy does not apply to: HECM loans, non-credit qualifying streamline refinance transactions, and any FHA loan that receives and accept/approve from an FHA approved (AUS) – unless manually downgraded. Requiring the payoff of the above referenced Settled for less accounts Repossession Bankruptcy • Foreclosure Wells Fargo/Wachovia debts does not render the applicant eligible for WFHM financing. This is a Wells Fargo & Co. rule not FHA If a Wells Fargo/Wachovia debt was included in the bankruptcy, the borrower is not eligible. Wells Fargo & Co. RULE