Update: HECM Loans with Non-Borrowing Spouse
Dear Licensed Partner,
Effective for FHA case numbers assigned on or after 08/04/2014,¬†Sun West is accepting HECM Loans with non-borrowing spouse. HECM Loans with non-borrowing spouse must comply with all FHA’s requirements as specified in the¬†Mortgagee Letter 2014-07¬†including but not limited to:¬†
Sun West, with its licensed partners, takes pride in providing senior citizens with the increased Ô¨āexibility needed to plan for retirement and Ô¨Ānancial security.
If you have any questions, please contact¬†your¬†Client Relations Manager¬†at¬†(855) OK-SUNWEST¬†or (855) 657-8693.¬†¬† ¬†
Sun West Mortgage Company, Inc.
|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.