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

Government Agency Approvals

FHA Non-Supervised Mortgagee Approval #:
24751-0000-5
VA Automatic Lender Approval #:
902324-00-00

Mortgagee/Loss Payee Clause

Carrington Mortgage Services LLC
ISAOA/ATIMA
P.O. Box 692408
San Antonio, TX 78269-2408

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This information is provided for your convenience and Carrington Mortgage Services, LLC makes no warranties concerning the accuracy or completeness of any of the information. This is not financial or legal advice and should not be taken as such. This information is for mortgage professionals only and is not intended for distribution to consumers.
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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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