Embedded Files
Post date: Nov 16, 2010 8:8:28 AM
Retail UW guidelines have been updated. Please keep the attached guidelines for your records.
Conforming Fixed
Minimum FICO for LTV up to 95% with MI: 660 (680 previously)
Max DTI on Pur & R/T Refinance with FICO 740: 45% DTI (41% previously)
Conforming ARM
Margin: 1.75
Caps: 3/1 & 3/1 IO (2/2/6), 5/1 (2/2/5)
5/1 IO, 7/1, 7/1 IO, 10/1, 10/1 IO (5/2/5)
Conforming High Balance
Min FICO for LTV up to 90% with MI: 720 (740 previously)
Conforming Fixed, ARM, High Balance
Gift Funds allowed on O/O and 2nd home (Purchase or refinance transactions)
Finance up to Four (4) properties (include joint or total ownership)
Page updated
Google Sites
Report abuse