FHA Title I Requirements
- Dealers must sign-up, qualify and be sponsored by SFC
- Check your state for additional licensing requirements. See State Chart
Lending Parameters:
| Amount Financed |
$1,000-$25,000 (no consolidation or cash out) |
| Interest Rate |
9.99% - 14.99% |
| Term |
12 to 240 months (fully amortized) |
| Unsecured Improvement |
<$7,500 |
| Secured Improvement |
>$7,500 |
| Minimum FICO Score |
620 |
| DTI |
45% Max |
| Types: |
Unsecured and Secured |
| Dealer Advance |
Up to 100% |
Dealer Qualifications:
- Minimum 3 years in business
- Satisfactory Trade References, etc.
- Annual Sales Volume over $200K
- Personal Credit Report on Principals (if applicable)
- Dun & Bradstreet / Business Credit Bureau
- Valid Contractor License (if applicable)
- Fully Executed SFC Dealer Agreement
Minimum Net Worth $35K
FHA Title I Rate Sheet (PDF Download)
|
FHA TITLE I DEALERS
Click Here to Enroll
|