Loan Program Updates for the week beginning 7/21/2008
Non-Owner Occupied and Second Homes:
- Cash-Out Refinances no longer available
- 80% Max LTV
- 620 Minimum FICO
Declining Markets:
- Owner Occupied to 95% IF: <=$417,000, Purchase, Rate & Term, Min FICO 680, 1 Unit, OO
- 2 Unit Owner Occupied or Condo to 90% IF: <=$650,000, OO, Minimum FICO 660, Purchase or Rate & Term
- 3-4 Unit Owner Occupied to 85% IF: <=$850,000, OO, Min FICO 660, Purchase or Rate & Term