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Lender Alerts

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Lender Alerts

SUN WEST EXPRESS PRODUCTS: FICO REDUCED TO 580
INCREASE YOUR FHA STREAMLINE PIPELINE!

(Notification applicable to Correspondent Channel)

Dear Valued Partner,

Sun West has lowered the FICO requirements for its Express Programs to expand affordable housing in this low interest rate market. Effective immediately, the revised Express Program guidelines are:

Minimum FICO Score for FHA Purchases/ Rate & Term Refinances: 630

Minimum FICO Score for FHA Streamlines: 580

To view the complete SWMC Express Product Guidelines, Click Here. Additional Price Adjustments apply for credit scores below 640. To view today's Express Rates and Price Adjustments, Click Here.

To submit a loan via SWMC Express, continue to use the E-File Upload and select 'Express Loan' to indicate your submission is subjected to our reduced overlays!

Originate

Submit your loans today through SWMC Express! If you have any questions, please feel free to call on your Account Executive at (800) 453-7884.

Sincerely,

Sun West Mortgage Company, Inc.
18303 Gridley Road
Cerritos, CA, 90703
Phone: (800) 453-7884

Equal Housing Opportunity

This information is provided to licensed wholesale brokers 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.

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

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