Lender Alerts

Sun West has reduced its overlays on all conventional loans with a credit score of 660 and above. The maximum LTV/CLTV ratio is increased and debt-to-income (DTI) overlays have been removed. Plus, self-employed borrowers are free from reserve requirements and loan-to-value (LTV) restrictions. Take advantage of reduced overlays with the highlights below:

FICO > 660:

• DTI as per DU
• Increased LTV/CLTV maximums 
• LTV restriction is removed for self-employed borrowers
• PITI reserve requirement is removed for self-employed borrowers
• Maximum number of financed properties is increased to 4 properties (Click here for 5-10 financed properties)
• Property inspection waivers are acceptable

FICO 620 < 659:

• 1-2 units only
• Investment properties are not eligible
• Maximum number of financed properties is increased to 4 properties (Click here for 5-10 financed properties)         

Always originate loans the simple way with the Sun West Guideline Matrix.

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