Sun West has updated its product guidelines for VA IRRRL transactions based on the requirements in the VA Circular 26-18-13.
Effective immediately all loans with the application date on or after 05/25/2018, the following requirements must be met:
From |
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FRM |
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DISCOUNT POINTS | MAXIMUM LTV (Loan-to-Value) |
Less than or Equal to 1.0% | 100% |
More than 1.0% | 90% |
For additional questions not answered by this Lender Alert, please email Sun West's underwriting scenario desk at uwscenarios@swmc.com for more information.
If you have any questions, please call our Underwriting Hotline at (800) 241-7113.
6131 Orangethorpe Avenue, Suite 500
Buena Park, CA 90620
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.