there has been articles showing maps of the usa stating that more than 9600 zip codes have been flagged by PMI insurers that the lending codes have change in these areas. There has to be a posted list somewhere. thanksI am trying to find what zip codes are flagged by the mortgage insurers. suppose to be 9600 listings. ??
Basically, all of Southern California is flagged. Florida, New York, all the higher priced areas and many others that you wouldn't expect.
I suspect that some enterprising attorney will file a class action lawsuit against lenders for illegally "redlining" whole areas of the country for reduced appraisal values with regard to LTV practices, but for now, your best bet is an FHA loan.
FHA does not reduce appraisals or LTVs based on zip codes. If the apprasier is FHA-approved, the appraisal will hold-up. If the property is conforming for your area (these just went up), go FHA, and don't worry about the rest.
Good luck!I am trying to find what zip codes are flagged by the mortgage insurers. suppose to be 9600 listings. ??
try this link
https://www.ugcorp.com/miunderwriting.html
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