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Lender Alerts

Lender Alerts

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Updated Underwriting Guidelines for High-Balance Conventional Loans
(Correspondent & Wholesale Channels)

Dear Licensed Partner,

In Selling Guide Announcement SEL-2015-10, Fannie Mae has aligned its Loan-to-Value (LTV) eligibility requirements for high-balance conventional mortgages with LTV eligibility requirements for standard conventional mortgages. Accordingly, Sun West has updated its Conventional high-balance product guidelines with the new LTV matrix.

The following highlights changes to Sun West’s Conventional high-balance product guidelines:

  • Investment properties now offered for high-balance transactions with FICOs greater than 660
  • Maximum LTV/CLTV extended up to 95% for fixed-rate mortgage transactions for single unit principal residences
  • Removed requirement of field review of property for loan amounts greater than $625,500 with an LTV, CLTV, or HCLTV ratio greater than 80%
  • LTV, CLTV, and HCLTV ratio maximums for high-balance product for borrowers with 5-10 financed properties now aligned with standard product requirements

Non-Occupying borrower’s income and liabilities are now considered by Desktop Underwriter (DU) for all principal residence mortgage transactions. Previously, only the credit and assets were considered by DU.

Guidelines & rate sheets for the Correspondent channel can be accessed here.

Guidelines & rate sheets for Wholesale and Hybrid Correspondent channels can be accessed here.

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.