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New Single Family Housing Policy Handbook Frequently Asked Questions

Dear Licensed Partner,

The new Single Family Housing Policy Handbook 4000.1 from the U.S. Department of Housing (HUD) will become effective for all loans with FHA case number assignment dates on or after September 14, 2015.

To help with the transition, Sun West has created a summary of changes and a list of frequently asked questions related to the new underwriting guidelines. Both the summary and the FAQ provide a quick overview of the upcoming changes but are not all-inclusive.

To access the FAQ, please click here.

To access the Summary, please click here.

For additional questions not answered by the FAQ or the summary, please email Sun West’s underwriting scenario desk at uwscenarios@swmc.com for more information.

Sun West will continue to honor existing guidelines from Handbook 4155.1 for all loans with FHA case number assignment dates prior to September 14, 2015. If a loan in the current pipeline meets existing 4155.1 guidelines but the case is not yet assigned, please process the case assignment before September 14, 2015 in order to qualify for existing guidelines.

If you have any questions, please contact your Client Relations Manager at (855) OK-SUNWEST or (855) 657-8693.

Sincerely,

Sun West Mortgage Company, Inc.
18000 Studebaker Road, Suite 200
Cerritos, CA 90703
Phone: (800) 453-7884
SW-1: Our New No Overlays Program

 

Equal Housing Opportunity 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.