Guidelines

• What is the seasoning requirement on an investment property when adding a borrower to title?
• Does Spring EQ allow a borrower to pay ahead on an installment loan in order to exclude for less than 10 payments remaining?
• Are timeshares included in the timing requirements for foreclosures or late payments?
• What documentation is required if it is determined that a borrower works for a family member and how will income be calculated?
• Does Spring EQ require flood insurance when a property is in a flood zone?
• What are Spring EQ's appraisal requirements?
• Can I add a co-borrower who is not vested in title at the time of application?
• What are your guidelines regarding listing history?
• Where can I view Spring EQ's guidelines?
• Occupancy Types
• Borrower Requirements and Title Vesting for Mortgage Loan
• Guidelines for Financing and Owning Multiple Properties
• Max CLTV based on FICO and Occupancy Type
• Product Terms
• Loan or Line Amounts
• Additional HELOC Draws
• DTI Requirements
• Maximum Total Financing
• Housing Payment History
• Credit Score Used
• Tradeline Requirements
• Self-Employed Documentation Requirements
• Ownership Seasoning
• Eligible Property Types
• Ineligible Property Types
• Condo Requirements
• Piggyback Title and Documentation Requirements
• Derogatory Credit
• Major Adverse Credit
• Lien Position and State-Specific Rules
• Prepayment Penalty
• What are the Ineligible Borrower Types?