Product Offering
Learn more about
Bridgeway Lending Partners LLC diverse range of
product offering by clicking on a scenario below that meets your
mortgage needs.
FHA Home Loan
Up to 96.5% LTV
Fico Score
Starting at 580
BLP's FHA home loans are a great option for people whose credit scores are 580 and higher, and who have at least a 3.5% down payment. These more lenient financial qualifications make FHA loans a popular option for first-time home buyers, though you don’t need to be a first-time buyer to qualify.
- A minimum 3.5% down payment.
- A minimum FICO® Score of 580.
- A debt-to-income ratio (DTI) of no more than 50% and a steady employment history. Estimate your DTI by adding your monthly debt payments (such as credit card and car payments) and dividing the total by your monthly income before taxes.
- Money to cover the upfront mortgage insurance premium (UFMIP). The amount is usually equal to 1.75% of your loan amount.
- Money to cover closing costs, which could be anywhere from 2 – 6% of the purchase price.