Latest News on Super-conforming Loan Limits

1)The limit will be effective as earlier as March 17th
(Some lenders).

2)GSEs will purcahse 30 yr fixed and 15 yr fixed April st.
Purchase 5/1ARM May 1st

3)Here are some guidelines:
a)No cash-out allowed.
b)Purchase CLTV 90% for 15 yr fixed and 30 yr fixed.
CLTV 80% for 5/1ARM.
c)For refi, LTV/CLTV is 75%/95%.
So 1st loan can only be 75%.
Minimum FICO 660.
d)For 2nd homes, CLTV 60%.

QQH me if you have more questions

所有跟帖： 

• 5/1ARM CAP is 5/2/5. Interest only ok for 10 -CALoanAgent- ♂ (50 bytes) () 03/07/2008 postreply 12:48:51

• 请问对downpay 的要求是什么? -tomorrowmama- ♀ (66 bytes) () 03/07/2008 postreply 15:07:42

• 回复：请问对downpay 的要求是什么? -CALoanAgent- ♂ (145 bytes) () 03/07/2008 postreply 16:25:58

• 什么是CLTV? cap 5/2/5是什么意思？ -880101- ♀ (232 bytes) () 03/07/2008 postreply 21:35:48

• 回复：什么是CLTV? cap 5/2/5是什么意思？ -CALoanAgent- ♂ (280 bytes) () 03/07/2008 postreply 21:49:46

• 那么20% for 5/1ARM的要求也需要达到吗？ -880101- ♀ (94 bytes) () 03/07/2008 postreply 23:05:10

• CAP 5/2/5 means -CALoanAgent- ♂ (358 bytes) () 03/07/2008 postreply 21:52:39