- Previously Condominiums were not allowed; now Attached Condominiums are allowed for certain LTVs on Primary Residence & 2nd Home, Purchase and Rate/Term Refinances with restrictions (see grid). Detached Condo allowed with same guidelines as SFR.
- Previously Investment properties were not allowed, and now are allowed for purchase and rate term refinance.
- Cash Out Refinance on Primary residence, loan amount for SFR increased from $1m to $1.5m for certain loans which meet specific credit score and LTV guidelines.
- Non-Permanent Resident Aliens are now allowed on Primary Residence.
- Property may now be up to 15 acres.
- 2nd Home minimum credit score requirement is for the better.
- Reserves requirements are now clear, concise, straightforward, see grid. (Reserve requirements are now indicated on grid).
View 1000 Series Super Jumbo Matrix
