12/09/2024
Pennymac previously announced, in Announcement 24-119, that properties located in a Coastal Barrier Resource System (CBRS) or Otherwise Protected Area (OPA) are ineligible for AUS Jumbo financing.
Effective immediately, we are updating our AUS Jumbo guidelines to allow properties located in a CBRS or OPA. Follow the AUS utilized (DU or LPA) to determine Flood Insurance requirements.
Please contact your Sales Representative with any questions.