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Sunset Guidelines Update

The following changes were made to the guidelines:

  • Added DSCR between 1.15-1.49, page 1
  • Increased loan amount up to $5M for all borrower’s eligibility types including foreign national borrower, page 1 and 2
  • Updated max acreage to 2, page 17
  • Added restrictions for loan amount > $3M, page 3
  • Clarified qualification ratios on interest only , page 4
  • Increased maximum exposure to $5M or 6 properties, page 4
  • Clarified documentation required for lease, page 5
  • Updated credit tradeline requirements, page 9 and 14
  • Added restrictions on appraisal for loan amount > $3M, page 12