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 ﬂexibility needed to plan for retirement and ﬁnancial 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.