Dear Licensed Partner,
In accordance with HUD ML 17-18, Sun West requires outstanding Property Assessed Clean Energy (PACE) or HERO obligation to be paid off at or prior to loan closing on FHA loans effective with cases assigned on or after January 6, 2018.
The updated guidelines are available in General Requirement section in Underwriting Guide for Forward Mortgage.
For additional questions not answered by the guideline, please email Sun West's underwriting scenario desk at email@example.com for more information.
18000 Studebaker Road, Suite 200
Cerritos, CA 90703
Phone: (800) 453-7884
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.