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Lender Alerts

Lender Alerts

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Reduced Underwriting Requirements on FHA 203(k) Rehabilitation: Express and Prime
(Applicable to Correspondent Channel)

Dear Valued Partner,

Good news! Sun West has reduced FHA 203(k) Rehabilitation loan program overlays for both Prime and Express channels.

Maximum mortgage amounts up to 110% of the after-improved value
Increased types of eligible rehabilitation repairs for borrowers with FICO 680 or above:
   o Structural and Foundation Work
   o Major Additions
   o Utility Replacement and/or Reconditioning
Up to 50% material draw upfront for a properly bonded contractor on FHA 203(k) Streamline

View Sun West's complete guidelines for FHA 203(k) Express and FHA 203(k) Prime now.

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


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 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