1. 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 2. Maximum CLTV/HCLTV's on Conforming Fixed & ARM have been updated; · Purch & R/T Refinance O/O 1 unit - up to 95% CLTV/HCLTV (80% previously) · Purch & R/T Refinance 2nd Home - up to 90% CLTV/HCLTV (80% previously) · C/O Refinance O/O 1 unit - up to 85% CLTV/HCLTV (80% previously) |
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