Sun West has updated its product guidelines for VA IRRRL transactions based on the requirements in the VA Circular 26-18-13.
Effective immediately all loans with the application date on or after 05/25/2018, the following requirements must be met:
|DISCOUNT POINTS||MAXIMUM LTV (Loan-to-Value)|
|Less than or Equal to 1.0%||100%|
|More than 1.0%||90%|
6131 Orangethorpe Avenue, Suite 500
Buena Park, CA 90620
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.