(Applicable to Wholesale and Correspondent channel)
In accordance with the increase in the Conforming Loan Limit, FHA has updated the County Limit for both forward and reverse Mortgages. The new limit will be effective with case assignment date on or after January 1, 2020.
Effective immediately, Sun West Mortgage Company, Inc. ("Sun West") will accept lock requests and underwrite FHA Loans per the new 2020 National Conforming and High Balance Loan Limits if FHA case number is assigned on or after Jan 1, 2020.
The updated loan limits will be available in the underwriting guide:
6131 Orangethorpe Avenue, Suite 500
Buena Park, CA 90620
Phone: (800) 453-7884
This information is provided to licensed mortgage professionals only and not for distribution to consumers. Please visit https://www.swmc.com/disclaimer.php or refer to www.nmlsconsumeraccess.org to see where Sun West Mortgage Company, Inc. (NMLS ID 3277) is a licensed lender and servicer. All Rights Reserved. We are not accepting applications from Georgia or Massachusetts residents. We are purchasing mortgages secured by Massachusetts properties but not Georgia. Sun West Mortgage Company, Inc. (NMLS ID 3277) holds a Financing Law License (#6030119) [Loans made or arranged pursuant to a California Financing Law license], licensed by the California Department of Business Oversight, Phone: (866) ASK-CORP and has a DRE Real Estate Corporation License Endorsement (#00793885), licensed by the California Department of Real Estate, Phone: (877) 373-4542.