Back to top

Lender Alerts

Home
Lender Alerts


Sun West Logo

2021 Loan Limits for Conventional Loan Programs


(Applicable to Wholesale and Correspondent Channel)



Dear Licensed Partner,

Fannie Mae and Freddie Mac announced an increase in the conforming and high balance loan limits in accordance with the Federal Housing Finance Agency (FHFA) announcement.


  • Click here to access the Fannie Mae Announcement
  • Click here to access the Freddie Mac Announcement

Effective immediately, Sun West Mortgage Company, Inc. ("Sun West") will accept lock requests per the 2021 Conventional loan limits published by Fannie Mae and Freddie Mac.

Automated Underwriting System (AUS) requirements for Loans at the 2021 limits:

Loan Product
Advisor (LPA)
Feedback Certificate
Prior to December 13, 2020  "Accept/Ineligible" if the ineligible recommendation is solely due to
the loan amount exceeding the 2020 limit and the loan amount
meets the applicable 2021 limit. 

On and after December 13, 2020

"Accept/Eligible" 
Desktop Underwriter
(DU) Underwriting
Findings Report
Prior to December 12, 2020 "Approve/Ineligible" if the ineligible recommendation is
solely due to the loan amount exceeding the 2020 limit
and the loan amount meets the applicable 2021 limit.

On and after December 12, 2020

"Approve/Eligible"

Program guidelines are available in AllRegs (Wholesale, Correspondent).

If you have any questions, please contact your Client Relations Manager at (855) OK-SUNWEST or (855) 657-8693 or your Loan Officer.

Sincerely,

Sun West Mortgage Company, Inc.

6131 Orangethorpe Avenue, Suite 500
Buena Park, CA 90620
Phone: (800) 453-7884



SW-1: Our No Overlays Program

This information is provided to licensed mortgage professionals only and not for distribution to consumers. Please visit https://www.swmc.com/disclaimer.php or refer to www.nmlsconsumeraccess.org to see where Sun West Mortgage Company, Inc. (NMLS ID 3277) is a licensed lender and servicer. All Rights Reserved. We are not accepting applications from Georgia or Massachusetts residents. We are purchasing mortgages secured by Massachusetts properties but not Georgia. Sun West Mortgage Company, Inc. (NMLS ID 3277) holds a Financing Law License (#6030119) [Loans made or arranged pursuant to a California Financing Law license], licensed by the California Department of Business Oversight, Phone: (866) ASK-CORP and has a DRE Real Estate Corporation License Endorsement (#00793885), licensed by the California Department of Real Estate, Phone: (877) 373-4542.

Equal Housing Opportunity