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AIG Program and Pricing Temporary Updates—July 7, 2020

As a result of current market conditions, and in accordance with our Seller’s Guide, AIG Correspondent Lending is announcing the following temporary updates to our jumbo mortgage loan programs and pricing. These updates apply to all loans locked on or after July 13, 2020.

Investment Property (Limited Cash-out & Purchase)

  • Limited cash-out and purchase mortgage loans maximum 60% LTV.
  • LLPA changed to (2.00).

Investment Property (Purchase Only)

  • Purchase loans with LTV’s between 60.01 – 65% (Limited cash-out refinances 60% LTV cap).
  • LLPA changed to (2.50).

Cash-Out Refinance (All property types)

  • Temporarily Ineligible (Limited cash-out refinance transactions remain eligible).

3-4 Unit Properties (All Occupancy Types)

  • Temporarily Ineligible.

Please contact Shane Larscheid, Vice President of Sales, with any questions related to this announcement.

Thank you