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Updated Guidelines
(Applicable to Correspondent Channel)


Dear Valued Partner,

In an effort to support responsible lending practices, Sun West has revised its underwriting guidelines effective immediately. The following categories were expanded and/or enhanced:

  • Manufactured housing is now eligible for VA Loans
  • Enhanced Manufactured Housing Eligibility Details
  • Income stability, validation and verification
  • Non-occupying co-borrower restrictions
  • Refinanced of mortgages included in a bankruptcy
  • Appraisal and property minimum requirements
  • Power of Attorney and Revocable Trust general requirements
  • Credit report, undisclosed debts requirements, and credit supplements
  • Departure of a primary residence policy, “buy and bail” and strategic foreclosures
  • Streamline refinance restrictions on previously modified mortgages and unemployed borrowers
To increase your familiarity with Sun West, we encourage you to view the complete updated guidelines, CLICK HERE.

If you have any questions, please contact your Account Executive at (855) AT-SUNWEST or (855) 287-8693.

Sincerely,

Sun West Mortgage Company, Inc.
18303 Gridley Road
Cerritos, CA 90703
Phone : (800) 453-7884
Equal Housing OpportunityThis information is provided to licensed wholesale brokers 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.

Sun West Mortgage Company, Inc. (NMLS ID 3277) is licensed by the Department of Corporations as a California Finance Lender (License #603 0119) and is licensed by the Department of Real Estate (License #00793885). Refer to www.swmc.com to see where SWMC is a licensed lender. In all states, the principal licensed office of Sun West Mortgage Company, Inc. is 18303 Gridley Road in Cerritos, CA 90703; Phone: (800) 453-7884