Conventional Updates - 5/18/18

Effective with new applications on or after May 18, 2018, the conventional products will be updated in order to better align with Freddie Mac guidelines.


  • The LTV/CLTV/HCLTV for Freddie Mac rate and term refinances of 1-unit investment properties will be increased from 75% to 85%.
    • Reminder: Loans with eligible secondary financing require a 5% LTV reduction from the maximum LTVs listed in the matrix.
  • The super conforming maximum loan amount of $1,000,000 has also been removed. The current loan limits for high-cost areas will apply.

Refer to the updated product profiles posted to the Product Profiles page for all requirements.