Conventional Cash-Out Greater Than 80% LTV/CLTV Retired
Effective with new locks and registrations on or after Monday, September 9, 2019, the maximum LTV/CLTV for cash-out conventional mortgages will be limited to 80% (previously 85%).
Cash-out loans with LTV/CLTVs greater than 80% must be closed or purchased by October 31, 2019.
The product profile will be updated Monday to align with the change. Please reference the product profile for allowable LTV/CLTVs.