GREAT NEWS! Bank of America now has less retrictive guidlelines on loan to values (LTV's) for both Conforming loan amounts (under $417,000) and High Balance Conforming loan amounts ($729,750) effective immediately. BofA now offers conforming loans to 95% loan to values and high balance conforming loans to 90% loan to value. This applies to owner-coccupied single family residences AND condominiums.
Previous Guidelines:
Conforming 90% LTV 700 FICO
High Balance Conforming 85% LTV 740 FICO
New Guideline:
Conforming 95% LTV 680 FICO
High Balance Conforming 90% LTV 700 FICO
Call TODAY!
949-300-5074 Natalie
949-300-7412 Steve
Information provided to you by:
Gary Barker - Bank of America
714-348-3399
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