Lender Alerts

Important Notification

Dear Business Partner,

Your borrowers may now obtain an FHA loan on properties acquired by the Seller within the previous 90 days. Please refer to the HUD waiver on the 90-day flip rule at the link below for complete details. 
http://www.hud.gov/offices/hsg/sfh/waivpropflip2010.pdf

Note:

1. This waiver is available for all transactions where the Purchase Contract has been executed on or after February 1, 2010.
2. This waiver does not apply to Reverse Mortgage (HECM) transactions.
3. Please check our rate sheets for pricing on loans that carry this 90-Day Flipping Rule waiver.

If you have any further questions, please contact your Account Executive at (800) 453-7884.

Thank you

Sincerely,

Sun West Mortgage Company, Inc.
18303 Gridley Road
Cerritos, CA, 90703

Sun West Mortgage Company, Inc. is licensed by the Department of Corporations under the California Residential Mortgage Lending Act and holds a California Finance Lender License (603 0119) and a Corporation Real Estate Brokers License (00793885). Refer to www.swmc.com to see where SWMC is a licensed lender. In all states, the principal licensed office of Sun West Mortgage Company, Inc. is 18303, Gridley Road in Cerritos, CA 90703; Toll Free: (800) 453-7884. All Sun West programs are subject to change without notice.