Back to top

Lender Alerts

Lender Alerts

Sun West Logo

VA IRRRLs just got better!
AVM Requirement Eliminated with FICO 580 or Greater

Dear Licensed Partner,

VA IRRRLs just got better at Sun West! Now, the Automated Valuation Model (AVM) requirement on VA IRRRLs with qualifying credit score equal to or greater than 580 has been eliminated for locks / commitments made on or after September 16, 2014.

Yes, no more AVM and no more LTV hits for VA IRRRLs with qualifying credit score of 580 or greater.

For loans with the qualifying credit score less than 580, a conventional appraisal (must be ordered through Sun West's vendor order website) or an AVM is required to determine the LTV ratio. AVMs must:

  1. Support a confidence rating match of either high or medium or have a Forecasted Standard Deviation (FSD) of 0.20 or less, and
  2. Be requested through either RELS, CoreLogic, Interthinx, Veros, or Freddie Mac’s Home Valuation Explorer (HVE).


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.