REMN Wholesale launches 97% LTV program

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With the new "mini-HARP 3.0" program, mortgage insurance is still required, but automatically drops off when the loan balance reaches 78% of the last appraised value. The new Fannie Mae conventional 97 rules allow for a more cost-effective refinance option than FHA. Who Does the 97% LTV Refi Help?

United Wholesale Mortgage (UWM) announced the launch of a new product offering conventional financing for up to 97 percent loan-to-value (LTV).. Details and other program highlights can be.

This new loan program requires only 3% from a customer’s own funds. With LTVs greater than 95% to 97%, the remainder of the down payment and closing costs can come exclusively from gift funds and any.

Fannie Mae offers 97% LTV/CLTV/HCLTV financing options to help lenders serve qualified home buyers and to support refinance of Fannie Mae loans. This is part of our ongoing efforts to expand access to credit for creditworthy borrowers and to support sustainable homeownership.

REMN Wholesale will begin offering loans under the Fannie Mae 97% loan-to-value program as of Jan. 19 in order to broaden their range of products and offer responsible buyers affordable options.

Two new programs announced recently would fund up to 97% of the purchase price, allowing borrowers to make a down payment of only 3%. Fannie Mae and Freddie Mac, the two mortgage-backing giants that operate in the secondary market, recently announced they would start accepting mortgage products with loan-to-value (LTV) ratios up to 97%.

Starting earlier this week, as many other investors did, interior photographs are now required on all interior/exterior appraisal reports (interior/exterior and full are the same) when AU or a program.

We utilize three production channels to originate or acquire mortgage loans: home lending centers (also referred to as "retail"), as well as brokers and correspondents (also collectively referred to.

BIRMINGHAM, Mich., Jan. 17, 2012 (SEND2PRESS NEWSWIRE) – United Wholesale Mortgage (UWM), a national wholesale mortgage lender operating in 47 states, announced that in 2011 it significantly expanded.

It appears the Chase program is also more stringent on mandatory borrower funds, with LTVs of 97% requiring the down payment to come from the borrower. If the LTV is between 95% and 97%, the remainder of the down payment and other closing costs can come in the form of a gift. For LTVs below 95%, the loan requires nothing from the borrower.

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