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Sun West

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Closing A HECM For Purchase? 10 Million Net Worth Required 

Jan 16, 2009By

Looking to close a HECM for purchase deal?  Well, if you have a minimum net worth of $10 million, Sun West Mortgage Company might let you close it with them.  See the email they sent to brokers/correspondents below: On a ‘HECM-for-Purchase’ HUD requires that the Lender confirm occupancy within 60 days of closing and prior […]