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Updated Guidelines for Multiple Financed Properties for Conventional LoansDear Licensed Partner, Fannie Mae has updated its guidelines for Multiple Financed Properties where borrower is financing a second home or investment property and has additional financed properties. Sun West Mortgage Company is aligning its guidelines for Multiple Financed Properties as per Fannie Mae announcement SEL 2016-03. The revised policy is effective for loan submissions on or after 06/30/2016. The updated guidelines can be accessed through our website.
Below is a summary of SWMC’s Conventional product guidelines for borrowers, who own multiple financed properties and are financing a second home or investment property:
If you have any questions, please contact your Client Relations Manager at (855) OK-SUNWEST or (855) 657-8693. Sincerely,
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