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Closed-End Second guidelines

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The full Closed-End Second guidelines, 6 parts and 64 topics, searchable by topic. Sign in to open any of them.

  • Matrices4 topicsFull Doc Qualification – Maximum CLTV, Bank Statement, 1099, Asset Utilization – Maximum CLTV, (*) WVOE and P&L Statement with 2 Months Bank Statements – Maximum CLTV, Closed End Second Restrictions and Overlay
  • General Guidelines11 topicsRegulatory Compliance, Product and Terms, Interest Only, Loan Amount
  • Income Requirements11 topicsFull Doc, Other Eligible Sources of Income, Alt Doc, Alt Doc Qualification
  • Underwriting Requirements12 topicsUnderwriting, Maximum DTI Ratio, Application, Age of Documents
  • Assets3 topicsReserves, Eligible Assets, Asset Documentation
  • Appraisal and Property23 topicsEligible Property, Recently Listed Properties, Title Seasoning, Appraisal Transfer

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