Chenoa has temporarily suspended their Conventional program, however, Chenoa is still offering their FHA Edge and Rate Advantage DPA Programs. Unfortunately, we are unable to take any new locks or submissions on the Conventional Program. All loans currently locked will be honored but must close by the lock expiration date.
View the Updated Matrix Here.
LSM will require all AMC’s completing FNMA appraisals use Square Footage-Method for Calculating: ANSI® Z765-2021 (American National Standards Institute®)
Please check out our Prepayment Penalty Guidelines for Business Purpose Loans
Freddie Mac introduced a desktop appraisal option in lieu of an interior and exterior inspection
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