Big Changes for Multi Family Properties:

Desk top Underwriting (DU) is making a BIG adjustment on the LTV limits for 2-Unit homes (DUPLEX) effective Dec 12th, 2009.


2-Unit Primary Residence Owner Occupied:
Purchases & Rate and Term refinances:
Old: 95% Loan to Value
NEW: 80% LTV

Cash out refinances:
old: 85%
NEW: 75%



2-Unit Investment Properties:
Purchases & Rate and Term refis:
Old: 85%
NEW: 75%

Cash Out refis:
old: 70%
NEW: Ineligible

Call me with any other questions on purchase or refinance of multi unit, owner or non owner, properties 801 668 2112