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FHA Streamline Changes in Effect Monday, 9/17

September 13, 2012

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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Equal Housing Opportunity An Equal Housing Opportunity Lender. Copyright 2007 - 2024 . Carrington Mortgage Services, LLC headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS ID # 2600. Toll Free # 800-561-4567. All rights reserved. Restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines.  Nationwide Mortgage Licensing System (NMLS) Consumer Access Web Site: www.nmlsconsumeraccess.com.

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Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00

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