NEWS

RPF will implement the recent Fannie Mae changes effective 7/29

RPF Announcement_FNMA_s.png

DTI Ratios: DU will no longer require additional compensating factors for DTI >45% and ≤50% allowing more borrowers to qualify.

Self Employed: With the new DU update, more borrowers may be eligible for the one year personal and business tax return documentation.

Maximum LTV/CLTV for ARM mortgages will be aligned with Fixed rate for all transactions, occupancy and property types up to a maximum of 95%.

Read more...
FNMA SEL-2017-06

Contact your AE for details!

 

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NMLS ID# 320004, BRE# 01403107. Program rates and parameters are subject to change without notice. Turn times are estimates and are not warranted or guaranteed. Turn time estimates are subject to change without notice at Royal Pacific Funding's sole discretion. Intended for use by real estate and lending professionals only and not for distribution to consumers.