FHA Product Update – DACA Borrowers
January 25, 2021
Effective immediately, Borrowers with a DACA designation are now eligible for FHA financing on all products.
Non-QM Guidelines have changed effective 4/21/20
Owner Occupied Purchase:
• Max LTV 60%
Owner Occupied C/O & RT:
• Max LTV 55%
Second Homes:
• Max LTV 55%
Investment Properties:
• Max LTV 55%
LoanStream will honor loans with prior guidelines approved and locked by 3:00pm Tuesday April 21st.
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Recent News & Announcements
Martin Luther King Jr. Day Lock Desk Closed
January 15, 2021
The Lock Desk will be closed Monday, January 18th 2021 in honor of Martin Luther King Jr. Day and there will be no rate sheet published. We will resume normal hours on Tuesday, January 19th.
FEMA Disaster Declaration for Louisiana Hurricane Zeta
January 13, 2021
The Federal Emergency Management Agency (FEMA) has issued a major disaster declaration for the State of Louisiana due to Hurricane Zeta.