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Refinance FICO Update

Effective today, Fairway Wholesale Lending will allow refinance transactions to be locked at a minimum FICO of 680 for all loan programs.  Loans must still be in the APPROVED status. 

Fairway will continue to apply other temporary restrictions on refinance transactions (30 day lock period and Approved status). 

As a reminder, the 45% DTI still applies on Government refinances.

Please contact your Regional Account Manager should you have any questions related to this Client Announcement.

 

Client Announcement 2020-04-17