Week of 9 Mar 09
Loan Program Changes
FHA and VA Streamlines
- Current employment information is required on the loan application.
- Self employed borrowers must provide a CPA Letter or Business license.
- For retired borrowers or borrowers receiving social security we will accept a letter of explanation.
- A verbal VOE will be performed prior to the loan closing and at funding.
For Conventional 95% LTV
Minimum 720 Fico Score
Max DTI 45%
SFR 1 unit
Purchase or Rate and Term
Primary Residence
Up to 417,000
Not allowed in the following states: AZ, CA, FL, MI, NV, OH
Pricing Updates
No changes this week.
Turn Times
The oldest loan in our underwriting queue was submitted on: 6 March 2009