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Lender Alerts

Lender Alerts

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Reduced Overlays on Conventional Loans

(Applicable to Correspondent Channel)

Dear Licensed Partner,

Sun West has reduced its overlays on all conventional loans with a credit score of 660 and above. The maximum LTV/CLTV ratio is increased and debt-to-income (DTI) overlays have been removed. Plus, self-employed borrowers are free from reserve requirements and loan-to-value (LTV) restrictions. Take advantage of reduced overlays with the highlights below:

> 660:

  • DTI as per DU
  • Increased LTV/CLTV maximums 
  • LTV restriction is removed for self-employed borrowers
  • PITI reserve requirement is removed for self-employed borrowers
  • Maximum number of financed properties is increased to 4 properties (Click here for 5-10 financed properties)
  • Property inspection waivers are acceptable

620 < 659:

  • 1-2 units only
  • Investment properties are not eligible
  • Maximum number of financed properties is increased to 4 properties (Click here for 5-10 financed properties)         

Always originate loans the simple way with the Sun West Guideline Matrix.

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
Sun West One

This 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.

Equal Housing Opportunity