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Loan Program Updates - Week of August 4th

Week Beginning 8/4/2008
Guideline Changes
  • The Direct Community (6120) and Home Possible (6158) loan programs now go up to 97% LTV in non-declining areas, with restrictions.
Reminder
  • 6 months seasoning for Cash Out refinances for conventional/conforming loans.
  • Maximum 4 total financed properties when subject property is a 2nd or Non-owner occupied.

Print | posted on Wednesday, August 06, 2008 10:41 AM

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