Dear Licensed Partner,
Sun West has updated its Government product guidelines with mortgage seasoning requirement for FHA Cash-Out/Streamline Refinance and VA Cash-Out/IRRRL transactions.
Effective for all FHA Cash-Out/Streamline refinance and VA Cash-Out/IRRRL loans purchased by Sun West on or after March 01, 2018, following requirements must be met:
For any FHA Cash-Out/Streamline Refinance or VA Cash-Out/IRRRL NOT meeting the above-mentioned requirement, loan MUST be purchased by Sun West by February 28, 2018.
For additional questions not answered by the guideline, please email Sun West's underwriting scenario desk at email@example.com for more information.
18000 Studebaker Road, Suite 200
Cerritos, CA 90703
Phone: (800) 453-7884
This information is provided to licensed brokers/lenders only and may not be copied or distributed to customers or potential customers. All loans are subject to approval. Certain restrictions may apply. Listed pricing is a morning indication only. Program rates, prices, guidelines, fees, costs, terms and conditions are subject to change without notice.