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LendingSpace Updates

Effective immediately with new LendingSpace Best Efforts and Mandatory locks, the below changes have been made.

Conventional
  • Minimum qualifying FICO for DU Refi Plus and LP Open Access products has been changed to the following:
    • Primary residence - 640
    • Second home and investment property - 660
  • Maximum LTV for DU Refi Plus and LP Open Access products has been changed to the following:
    • Primary residence - 150%
    • Second home - 125%
    • Investment property - 105%
The Conventional Overlay document has been updated to reflect these changes. Please refer to the conventional overlay document for additional FICO, LTV and credit restrictions based on factors such as number of units, loan purpose type, occupancy type, etc.

If you have any questions, please contact your sales relationship manager.


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