Protecting primary residence in SBA underwriting

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by a searcher from Emory University - Goizueta Business School
in Boston, MA, USA

1h ago

Protecting primary residence in SBA underwriting

Hi all, I haven't started a loan process yet, but I'm trying to understand how banks actually apply the primary residence lien rules in practice in SBA loans. Two specific situations: 1. House already in an irrevocable trust before the SBA process started: How did underwriting treat it? Did the bank still require a lien, ask for trust documents, or push back on the structure at all? 2. Home equity very close to the 25% threshold, depending on appraisal value: The SOP says property with less than 25% equity of fair market value isn't *required* as collateral, but I'm trying to understand whether banks take the lien anyway, and whether they ordered a full appraisal or used an approximate valuation I know each bank/deal/individual is different, but appreciate any first-hand experience.

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