Positive Government Changes
Fairway Wholesale Lending is happy to announce we’ve updated our government guidelines effective immediately. These guidelines apply to loans currently in the pipeline.
Positive Government Changes:
FHA and VA cash out refinance transactions available
640 minimum credit score for all government transactions – purchase, rate/term refinance, cash out refinance and VA IRRRL
30 day locks available at time of application; 15 day locks on all refinance transactions available at Approval milestone
Removal of DTI restrictions – follow AUS feedback
Please see the rate sheet for all applicable loan level price adjustments.
Positive Government Changes | Client Announcement 2020-06-02