Back to top

Lender Alerts

Lender Alerts

Sun West Logo

Maximum LTV, CLTV and HCLTV Limit on
Conventional Cash Out Refinance Transactions

Dear Licensed Partner,

Fannie Mae Announcement SEL-2014-13 dated November 10, 2014 reduced LTV, CLTV and HCLTV limit for fixed rate cash out refinance transactions secured by a one-unit primary residence from 85% to 80%. Effective with loan submissions on or after January 3rd, 2015, the maximum LTV, CLTV and HCLTV for conventional cash out refinance transactions is 80%.

All such loans presently in pipeline with case files underwritten through DU Version 9.1 must be closed or purchased by Sun West by March 31st, 2015

LTV, CLTV and HCLTV for Adjustable Rate Mortgage (ARM) transactions will remain unchanged at 75% for cash out refinances secured by a one-unit primary residence.

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


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.