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Lender Alerts

Lender Alerts

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Important Notification

Dear Valued Partner,

Sun West has re-evaluated the risk of default for home-buyers who may experience a payment shock of 20% of more. As a result, SWMC has relaxed its overlays to read as follows:

Where the payment shock is over 20% and the borrower(s) mid-FICO is less than 680, Sun West will accept loans where:

  1. The borrower(s) have a minimum of three (3) months PITI reserves (No Gifts) 
  2. The Debt-To-Income (DTI) ratio is less than 45

If you have any questions, please feel free to call on your Account Executive at (800) 453-7884.

Sun West Mortgage Company, Inc.
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FHA 203b; 203k; HECM; VA; USDA; Conventional
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Equal Housing OpportunityThis information is provided as information for licensed wholesale brokers only and may not be copied or distributed to customers or potential customers. All loans subject to approval. Certain restrictions may apply. 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