Desk top Underwriting (DU) is making a BIG adjustment on the LTV limits for 2-Unit homes (DUPLEX) effective Dec 12th, 2009.
2-Unit Primary Residence:
Purchases & Rate and Term refinances:
Old: 95% Loan to Value
NEW: 80% LTV
Cash out refinances:
2-Unit Investment Properties:
Purchases & RT refis:
Call me with any other questions on purchase
or refinance of multi unit, owner or non owner, properties.