Please take a moment to review the updated Overlay Matrix, available on our website as of May 17th, 2019.
Below is a list of the most significant changes to the Overlay Matrix:
No score/non-traditional credit allowed on all loan programs, subject to Agency Guidelines.
- No maximum DTI on all loan programs that receive an AUS approval from DU or LP, except HUD 184 and USDA loans. Clients must follow agency guidelines regarding compensating factors.
- Removed several property types from ineligible list
- Allow escrow waivers up to 89.99%
- Removed limit of number of loans serviced by Gateway
Please direct any questions to your Regional Sales Manager