A Gift For You: New Simple Access® Product Updates
It’s that time of the year and we’d like to give back to you and your clients. We are confident with our new Simple Access guidelines, you will be able to secure even more deals and everyone’s holiday season will be brighter!
- Max loan amount increased to $4MM on purchase and rate/term refinance
- Targeted expansions to the LTV/FICO grids
- Increased max LTVs
- NW condos increased to 75 LTV
- Unlimited cash out increased to 75 LTV
- Reduced reserve requirements for the following areas:
- Loan amounts above $1MM and up to $1.5MM: reduced from 9 months to 6 months
- LTVs >85: reduced from 6 months of additional reserves to 3 months
- Removed LTV and appraisal age limitations for San Francisco and NYC
View our program descriptions for more guideline enhancements.