#TwoforTuesday – #GuidelineWeek – This week, I go over some of the most commonly asked questions. Today I review conventional LTV limits, and funny enough I get an email last night asking for the LTV on a REFI for an investment property. The conventional limits, and non-agency limits on LTV /FICO are on matrices openly published and can be accessed WITHOUT a password.
Want to see them? – CLICK HERE! In today’s show I go over Bankruptcy and Foreclosure guidelines for you all on conventional loans. When it comes to “Non-Agency” the guidelines are driven highly by FICO, but comparing the Fannie Mae matrix versus non-qm, you can see a 5% increase in most buckets for LTV. Answering my Broker’s question, 75% LTV refi on Conventional, and with a high enough FICO up to 80% LTV refi on non-agency for investment property Rate and Term transactions. ↓
Ton’s more #JUICE all week long. Tomorrow we’ll visit FHA guides more and I’ll alternate products all week to get the important “most frequently asked questions” out of the way. I ♥ “I gotta guy” questions and can’t wait to help you with your most recent scenario. 🙂
As Always –