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Mortgage Guideline Update - 21 April 2008

New Programs to be released Tuesday/Wednesday:

  1. 6185   DU Jumbo Conforming Fixed
  2. 6186   DU Jumbo Conforming ARM
  3. 6187   LP Jumbo Conforming Fixed
  4. 6188   LP Jumbo Conforming ARM

Change:  6115 Stated Doc option GONE

Reminder:
    FHA Cash-out >$417,000 is limited to 85% LTV
    FHA Second Appraisal requirement:
         1. >$417,000   AND
         2. >95% LTV    AND
         3. Property is in a declining market.

Print | posted on Monday, April 21, 2008 10:19 AM

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