Loading...

Announcement 2019-111: Jumbo Series D and F Updates

The minimum loan amount has been updated to $510,401 for one-unit properties, effective with new locks on or after January 2, 2020.

jumbo series f updates

The minimum loan amount has been updated to $510,401 for one-unit properties, effective with new locks on or after January 2, 2020. Two- to four-units remain at $1 above conforming limits for the number of units.

 

Additionally, 7.1 Assets and 7.5 Unacceptable Assets have been updated to clarify that foreign assets are not eligible, and all funds must be from a US account.

 

The mortgagee clause has been updated to reflect NewRez LLC for hazard and flood insurance to align with the recent change.

 

Please reference the Product Profiles for the changes outlines in this announcement.