View eligibility info on the Mortgage Products page.
Access the Guide via the link below or AllRegs.com.
The update includes allowing certain transactions involving affordable LTV ratio calculations be underwritten by DU; increased LTV, CLTV, and HCLTV ratios for certain Limited Reviews of condo projects; updates for leased solar panels; clarification of the “value” used to determine mortgage insurance coverage for New York properties, including co-ops; and other miscellaneous updates and changes.
The announcement includes updates, clarifications, and simplifications relating to borrower income, assets, and employment; and other selling policies and lender requirements.
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Capital Markets Sales Desk Overview