HomeBridge is pleased to announce that we are enhancing our Freddie Mac guidelines to allow a non-occupant co-borrower’s income to be used when calculating the debt-to-income ratio when the LTV is ≤ 75% (currently not allowed to use non-occupant co-borrower’s income).
Loans with an LTV > 75% will be considered on a case-by-case basis subject to HomeBridge management approval.
This enhancement applies to new submissions and loans currently in the pipeline.
The Freddie Mac Conforming and Super Conforming matrices have been updated with this information and posted on the HomeBridge website at www.homebridgewholesale.com
If you have any questions, please contact your Account Executive.