Transcription of Choice QM Program Eligibility Guide - Loan Decisions
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Choice QM Program Eligibility Guide - Loan Decisions
Choice QM. Program Eligibility Guide Version Revised Effective Table of Contents Choice QM. Program Eligibility Guide Table of Contents Choice QM Eligibility Matrix ..4. Primary Residence | Purchase, Rate and Term Refinance .. 4. Primary Residence | Cash-Out Refinance .. 4. Second Home | Purchase, Rate and Term Refinance .. 4. Second Home | Cash-Out Refinance .. 4. Investment | Purchase, Rate and Term Refinance, Cash-Out Refinance .. 4. Choice QM Underwriting Guidelines ..6. Eligible 6. Ineligible 6. Underwriting .. 6. Eligible Borrowers .. 6. Ineligible Borrowers .. 7. Eligible Occupancy Types .. 8. Documentation .. 8. Debt-to-Income Ratio (DTI).
Table of Contents Choice QM Program Eligibility Guide Version 1.0 Revised Effective 04.18.2016 Page 3 of 32 Redwood | Confidential and Proprietary
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