FHA Streamline Changes in Effect Monday, 9/17

September 13, 2012Company News

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

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