Lenders and Real
Estate Professionals
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Information for Single-Family
Lending and
Real Estate Professionals
Program Announcement
February 8, 2012
Manual Updates
Manual updates are available at: wshfc.org/sf/downloads.html
Under Section 2, please read carefully as changes have been made to include clarification on Automated Underwriting Systems (AUS) accepted under the Program. ServiSolutions will accept loans up to a 50.00% total debt to income ratio with specific compensating factors listed in Section 2 for purchase and sale agreements accepted after 1/13/2012.
Downpayment assistance manuals have also been updated to reflect higher income limits.
Appendix V has been added to show the Early Payment Default language added as a First Amendment to the Mortgage Origination Agreement and sent to contacts at your corporate offices earlier today.
If you have questions, please contact Lisa DeBrock at lisa.debrock@wshfc.org or 206-287-4461.