PHH accepts locks for Non-Agency loans with prepayment penalties on investment properties and has posted guidance on our website to help answer frequently asked questions.
Reminder: The seller is responsible for confirmation and adherence to all federal and state compliance laws and requirements.
You can find the guide at Home - PHH Correspondent Lending (phhmortgage.com); under Tools and Resources.
If you have any questions, please contact your Correspondent Specialist, Sales Executive/Correspondent Sales Representative or contact us via the support line at 1-800-929-4744.
Thank you for your continued business.