![]() |
Important NotificationDear Valued Partner, Sun West has re-evaluated the risk of default for home-buyers who may experience a payment shock of 20% of more. As a result, SWMC has relaxed its overlays to read as follows: Where the payment shock is over 20% and the borrower(s) mid-FICO is less than 680, Sun West will accept loans where:
If you have any questions, please feel free to call on your Account Executive at (800) 453-7884. Sincerely, FHA 203b; 203k; HECM; VA; USDA; Conventional Visit www.swmc.com/swmc/partner_resources.php for helpful links on Training, Webinars, Lender Alerts and Submitting Conditions |
![]() Sun West Mortgage Company, Inc. (NMLS ID 3277) is licensed by the Department of Corporations as a California Finance Lender (License #603 0119) and is licensed by the Department of Real Estate (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; Phone: (800) 453-7884 |