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||10/22/2014|
|Refinances Submitted On||10/21/2014|
COLUMBUS DAY Holiday Schedule:
(24 Sept 2014)
PCM will be OPEN on Columbus Day, October 13 for regularly scheduled business hours.
(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.