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Lender Alerts

Lender Alerts

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Seasoning requirement on VA IRRRL Loan Program

Dear Licensed Partner,

Sun West has updated its guidelines on mortgage seasoning requirement for VA IRRRL loan program.

Effective for all VA IRRRL loans submitted on or after November 2nd, 2016, following requirements must be met.

  • All mortgages secured by the subject property must have been paid within the month due for the month prior to mortgage disbursement.
  • Mortgage must have a minimum of six consecutive monthly payments. Payment cannot be prepaid to meet the seasoning requirement.

If any VA IRRRL in pipeline is NOT meeting above requirement, loan MUST be locked with Sun West by 11/04/2016 and disbursed by 12/31/2016. Lock extensions and re-locks are not allowed if the loan does not fund by December 31, 2016.

For additional questions not answered by the guideline, please email Sun West's underwriting scenario desk at for more information.

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.