FHA Streamline Changes in Effect Monday, 9/17

Please review important changes to the FHA Streamline program.
Starting Monday, September 17th, 2012:

• An AVM is required on all FHA Streamline loans with FICO scores less than 640.
• The AVM will be ordered by a Carrington Junior Underwriter early in the process and included in loan file at time of underwriting.
• The LTV of FHA Streamline loans without an appraisal cannot exceed 115% of the value given on the AVM.

Contact your Account Executive with any questions.
View the complete detailed matrices on our Loan Products page