Which transactions are eligible for consideration for a DU Refi Plus property fieldwork waiver?
The following transactions are eligible for consideration for a DU Refi Plus property fieldwork waiver: one-unit properties; primary residences, second homes, and investment properties. When determining DU Refi Plus property fieldwork waiver eligibility, DU will apply the maximum allowable LTV and CLTV ratios based on occupancy. The DU Refi Plus property fieldwork waiver will not be offered when the LTV or CLTV is greater than 95 percent, or on loan casefiles that receive an Ineligible recommendation. Cooperative units, manufactured homes, and two- to four-unit properties are not eligible for the DU Refi Plus property fieldwork waiver. DU Refi Plus loan casefiles that receive an Expanded Approval® (EA) recommendation are also ineligible for the DU Refi Plus property fieldwork waiver.
Related Questions
- If a loan casefile receives an offer for the DU Refi Plus property fieldwork waiver, are there situations in which the lender would still need to obtain an appraisal?
- How does a lender know if a DU Refi Plus property fieldwork waiver is offered on a loan casefile?
- Does the DU Refi Plus property fieldwork waiver offer expire?
