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they have recently come out with new guidelines for several different mortgages. I was trying to help some of my low income buyers qualify so I could find them a house in my area in Ca. The MyCommunityMortgage (MCM) offers 97% Max LTV (including financed MI) and can be combined with a Community Seconds for CLTV of 105%. FICO has to be 640 or higher for 1-2 units or 680 for 3-4 units. The median income in LA county is 65,100 according to HUD. So low income is lower than this. We are going to the bank tomorrow. I'll tell you what happens.