UPDATES

Feb 27, 2018
Expanding HomeStyle Renovation Mortgage for purchase and renovations of homes to 97% LTV.

Jan 30, 2018
Monthly federal income tax payments can now be added to Liabilities instead of being required to be paid off prior to closing.

Expand condo project-related minor litigation criteria to provide more flexibility for condo project approval.

DU Ver 10.2 coming on Mar 17, 2018 with updates on:
Homestyle Renovation loans, PIW messaging, and updates to align with the Selling Guide.

Dec 19, 2017
Allow lenders to underwrite loans for borrowers who have frozen credit at only 1 of 3 credit repositories.

Nov 28, 2017
New FNMA Loan Limits Increase: $453,100 for 1 unit, $580,150 for 2 units, $701,250 for 3 unit, and $871,450 for 4 units.

New limits went into effect for loans sold after Jan 1, 2018.

Oct 31, 2017
Exclude the full monthly housing expense from DTI ratio when paid on-time by someone other than the borrower.

Sept 26, 2017
Offer property inspection waivers (PIW) on some purchase transactions.

Extend DU Refi Plus and Refi Plus options through 12/31/18 as part of the Home Affordable Refinance Program.