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Econd Mortgage). First Mortgage: Maximum 96.5% LTV (+ Financed UFMIP - Follow FHA LTV requirements). Minimum 96.5% LTV (Maximum financing is required for FHA Plus). Loan-to-Value (LTV) Second Mortgage: Maximum 5% LTV credit scores 680 and higher. Maximum 3.5% LTV credit scores 620 679. No minimum LTV for second. If the second loan calculation yields cents then must round down to the nearest dollar. *LTV/CLTV based on the lower of the sales price / appraised value.

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