posted Dec 2, 2010, 3:37 PM by Massey Kouhssari
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updated Feb 10, 2011, 10:43 AM
]
Please note that our Matrix and guideline have been updated as follow: UW Guideline Updates and Clarifications: - Gift Funds are allowed on O/O and 2nd home Purchase or refinance Transactions ONLY!!!
- We will finance up to Four (4) properties, including joint or total ownership.
· EFFECTIVE DATE: Effective Immediately Matrix Update: VOE doc type Matrix is now aligned with Full Doc Matrix (Same Matrix for both Full doc and VOE doc type) - VOE overlays on FICO, LTV Restrictions, occupancy and Transaction type have been removed.
- Attached Condos / PUDs are now eligible for Non-owner Occupied on VOE Doc Type. This overlay has been removed.
- VOE Doc types are available on Conforming Fixed ONLY.
EFFECTIVE DATE: Matrix Update is effective for loan submission on or after 12/02/2010. The loans in current pipeline are not eligible. |
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