Effective Friday July 26th PHH will begin accepting locks for Agency and Government Loan (FHA, VA) products with 1.5-.5 Temporary Buydown options. All loans must meet agency guidelines to be eligible for purchase.
Note: Best Efforts locks will use 2-1 when locking.
Reminder: Mandatory Bids require the Buydown Type for eligibility, if a Buydown Flag or “Buydown” is presented without the Type, the loan will not be eligible. Please provide 3-2-1, 2-1, or 1-0 to determine eligibility.
If you have any questions, please contact your Correspondent Specialist, Sales Executive, or contact us via the support line at 1-800-929-4744.
Thank you for your continued business.
By clicking 'OK', you are leaving Correspondent.phhmortgage.com and entering a website that PHH Mortgage does not control. PHH Mortgage has provided this link for your convenience and is not responsible for the content, links, privacy policy, or security policy of this website.