Are the DU Refi Plus underwriting flexibilities only offered on loan casefiles with an LTV less than or equal to 80 percent?
MI flexibilities are applied to loan casefiles with an LTV greater than 80 percent (see pg 1 for details). Expanded eligibility criteria and reduced employment documentation requirements apply to all DU Refi Plus loan casefiles. Reduced property fieldwork requirements are only offered on certain DU Refi Plus loan casefiles (although the reduced property fieldwork requirements could be offered on loan casefiles with an LTV greater than 80%, up to 95% LTV/CLTV).
Related Questions
- What amount of MI coverage is required on DU Refi Plus loan casefiles with an LTV greater than 80 percent?
- Does DU require the same asset documentation for DU Refi Plus loan casefiles as for other DU loans?
- How does a lender know if a DU Refi Plus property fieldwork waiver is offered on a loan casefile?
