Bulletin W13-064 - Re-Launch of LPMI Product Offering

Topic included in Bulletin W13-064:

• Re-Launch of LPMI Product Offering
• Effective Immediately
• Available on Conventional 30 year Conforming and Conventional High Balance Fixed Rate loans
• LPMI available for loans with LTVs exceeding 80%, under the following circumstances:
  • Single Family Residence, Primary Resident or Second Home
  • Maximum Loan Amount of $625,500
  • Maximum LTV of 95%
  • Minimum 700 credit score
  • Maximum DTI of 41%
  • 45% DTI allowed with 740 FICO
  • Minimum 2 months PITI Reserves
  • Borrower must contribute a minimum of 5% of the down payment from own funds
  • DU Approve/Eligible only
  • Additional Loan Level Price Adjustments (LLPA) my apply
• Program codes for LPMI are reflected in the pricing engine
• LPMI Product Guidelines posted to the Intranet

Download: Bulletin - W13-064 (PDF)