Geographic Restrictions
• Properties may be located in the District of Columbia and any state.
• U.S. Territories not allowed (e.g. Puerto Rico, American Samoa, Guam, etc.)
• Community Property States (Arizona, California, Idaho, Louisiana, Nevada, New Mexico,
Texas, Washington and Wisconsin):
- Debts of a non-purchasing spouse must be counted in the borrower’s qualifying ratios.
- The non-purchasing spouse’s credit performance is not a consideration
• High Cost loans in the state of South Carolina allow a maximum DTI of 50%
• Cash Out Refinance is not eligible in the state of Texas.
