Purchases: Cutoff time for next day closing is:
3:00pm local time
Refinances: Cuttoff time for next day closing is:
12:00pm local time
CURRENT UNDERWRITING DATES:
|Purchases Submitted On||9/17/2014|
|Refinances Submitted On||9/15/2014|
(11 Sept 2014)
The annual fee for all USDA loans will increase to 0.50% effective October 1, 2014.
Please refer to the USDA Administrative Notice (No. 4757) for complete details.
This is effective for all loans obligated (USDA reserves funds and issues a conditional commitment to the approved lender) on October 1, 2014 forward.
Updated Condo Guidelines:
(5 Sept 2014)
1.) Investor condos up to 85% LTV now allowed on Conforming loan programs.
2.) Certain geographic restrictions removed.
NOTE: Limited Review process is not allowed for investment properties.
View Full Condo Guidelines HERE.
LABOR DAY Holiday Schedule:
(26 Aug 2014)
PCM will be closed on Monday, September 1st for Labor Day.
Please note the lock desk will be closed this day and will reopen for normal business hours on Tuesday, September 2nd