Matrix A T300RP, T304RP, and T300JRP ONLY 1. PRIMARY RESIDENCE Rate & Term Refinance. CLTV/HCLTV Fico score Max DTI Type
|
|
- Dana Griffith
- 5 years ago
- Views:
Transcription
1 The Federal Housing Finance Agency (FHFA) Home Affordable Refinance Program (HARP) is designed to assist borrowers who have demonstrated an acceptable payment history on their existingfannie Mae mortgage loan, but may not have been able to refinance to obtain a lower payment or move to a more stable product. Only Rate/Term Refinance transactions are eligible (E.G. Limited cash out refinance) paying off the existing first FannieMae mortgage, financing of closing costs, and no more than $250 cash back to borrower. FannieMae loan look up table: is provided for reference purposes only. DU will determine if the existing loan is eligible for the program. To be eligible for DU Refi Plus, the note date of the mortgage being refinanced need so be on or prior to May 31, This change is effective immediately for new or existing DU Refi Plus applications. The DU Refi Plus database will be updated the weekend of November 16, 2013 to include the additional mortgage loans that are now eligible for DU Refi Plus. New or existing loan case files underwritten through DU after the weekend of 11/16/2013 and that meet the revised eligibility criteria will be underwritten as DURP. The updates reflected in this product guide are applicable to DU Refi Plus loan transactions with M.I. findings as stated in the Automated Underwriting topic and also meet all of the other M.I. requirements herein stated. Please note: There are two separate product matrices A and B. The higher LTVs are stated on Matrix A and are only permitted for the 20 and 30 year Fixed Rate products. Matrix A T300RP, T304RP, and T300JRP ONLY 1 PRIMARY RESIDENCE Rate & Term Refinance LTV w/ DU REFI PLUS APPROVE for findings on or after 9/12/ Property LTV w/o CLTV/HCLTV Fico score Max DTI Type Secondary Fin. 3 Secondary Fin. 1 Unit SFR or PUD >105% 120 >105% 120 Unlimited Unit SFR or PUD 105% 105% Unlimited 620 DU % 105% 110% 620 DU SECOND HOME Rate & Term Refinance 1 105% 105% 110% 680 DU INVESTMENT PROPERTY Rate & Term Refinance % 105% 110% 680 DU Please refer to Matrix B for other eligible products Eligible only with Accept/Eligible DU Refi Plus findingsexcept for specific B.P.M.I. transactions with certificates that can be transferred or modified by an approved M.I. company. Please refer to specific M.I. topic for details. Subject to Geographic State Restrictions Note: while DU findings may indicate higher LTV/CLTV findings, these parameters must be met. 1 P a g e
2 LTV w/ MATRIX B T301RP, A341RP, A342RP, A343RP, T301JRP and A341JRP Products 1 PRIMARY RESIDENCE Rate & Term Refinance DU REFI PLUS APPROVE 2 Property LTV w/o CLTV/ Fico score Max DTI Type Secondary Fin. 3 Secondary Fin. HCLTV % 105% 110% 620 DU SECOND HOME Rate & Term Refinance 1 105% 105% 110% 680 DU INVESTMENT PROPERTY Rate & Term Refinance % 105% 110% 680 DU 1 Please refer to Matrix A for 20 and 30 year Fixed Rate products 2 Eligible only with Accept/Eligible DU Refi Plus findingsexcept for specific B.P.M.I. transactions with certificates that can be transferred or modified by an approved M.I. company. Please refer to specific M.I. topic for details. 3 Subject to Geographic State Restrictions Note: while DU findings may indicate higher LTV/CLTV findings, these parameters must be met 2 P a g e
3 APPRAISAL Standard SPM appraisal policies apply unless appraisal documentation waivers are permitted on DU findings. REPORTS DU will indicate type of fieldwork recommendation required including when fieldwork waiver is permitted. In addition, the following will apply: Owner occupied properties in Kansas with an LTV exceeding 100% require a full appraisal report Owner occupied and second home properties in West Virginia require a minimum of an Exterior Only Appraisal Report (Form 2055) unless DU recommendation requires an Interior and Exterior Appraisal Report (Form 1004) UW must disregard Core Logic s valuation findings when PIW is utilized: SPM is not required to rep & warrant property valuation or condition. DU will waive the requirements of an appraisal or exterior only property inspection for a fee of $75. As stated in the FannieMae guidelines: the DU Refi Plus Property Inspection Waiver (PIW) may only be exercised if: The final submission of the loan case file to DU resulted in a property fieldwork waiver offer; and The property fieldwork waiver offer is not more than four months old from Note date. o For reduced eligible appraisal transactions: DU will issue two property fieldwork recommendation messages: The first message will indicate that the loan case file is eligible for the property fieldwork waiver. The second message will indicate the minimum level of fieldwork required if the lender does not elect to exercise the property fieldwork waiver when delivering the loan to Fannie Mae. Reminder: Appraisal is subject to SPM disaster policy ARM Products Margin: Libor Index: 2.25% Life Floor: The life floor will never be lower than the margin Index: Libor Index = the average of interbank offered rates for one year in U.S. dollar denominated deposits in the London market (Libor) as published in The Wall Street Journal. Payment Adjustment Date: 1 st payment change date is the first month following the interest rate adj. and every 12 mos. thereafter. Life Cap: 5/1, 7/1 & 10/1 5% over the Note Rate. Interest Rate Adjustment Cap and Date: o 5/1 ARM: Interest rate is fixed for the first 60 months. The maximum interest rate adjustment at the first adjustment date is 5% maximum first time adjustment. Thereafter the interest rate adjusts annually with a maximum interest rate change of 2%, which will not cause deferred interest. o 7/1 ARM: Interest rate is fixed for the first 84 months. The maximum interest rate adjustment at the first adjustment date is 5% maximum first time adjustment. Thereafter the interest rate adjusts annually with a maximum interest rate change of 2%, which will not cause deferred interest. o 10/1 ARM: Interest rate is fixed for the first 120 months. The maximum interest rate adjustment at the first adjustment date is 5% maximum first time adjustment. Thereafter the interest rate adjusts annually with a maximum interest rate change of 2%, which will not cause deferred interest. Note: The interest rate must always be rounded to the nearest 1/8 th of 1% (0.125%) o Qualification: 5/1 ARMS qualify at the greater of Fully Indexed or Note Rate +2 %. 7/1 & 10/1 ARM: Qualify at the Note rate. ASSUMPTIONS Not allowed 3 P a g e
4 AUTOMATED UW Borrower Eligibility Cash Back Limitation Cash Reserves /Assets Approve/Eligible: ExpressLoanDU REFI PLUS A/E Finding is required. DU finding will state the following message: o This loan case file was underwritten according to the DU Refi Plus expanded eligibility guidelines offered on certain limited cash out refinance loan case files where the borrower s existing loan is identified by DU as a Fannie Mae loan. This loan case file must be delivered with Special Feature Code 147. o Loans with >80% LTV requiring M.I: Certain loan transactions with existing B.P.M.I insurance from an SPM approved MI company may be eligible for financing. The DU finding will read: Fannie Mae s records indicate that the existing Fannie Mae loan being refinanced with this DU Refi Plus transaction contains the following mortgage insurance (MI) information MI Provider MI Coverage Obtained MI Certificate Number (Will state specific MI co) (Will indicate the % of insurance coverage) (Discloses cert. #) To be eligible for financing with existing B.P.M.I: ALL of the criteria listed in the M.I. topic must be met exactly as stated. The Loan Originator (LO) is responsible to obtain and validate certain information from the M.I. issuing company prior to submission (E.G. the DU findings will not indicate all of the necessary M.I. details). This specific information as stated in the M.I. topic under Originator Responsibilities must be provided in the submission package exactly as required. Exceptions to the policy requirements are not available.please refer to M.I. topic for complete details and requirements. Accuracy of both the Borrower and Subject Address input is required. o DU matches Borrower(s) Social Security Number(s) with the FannieMae loan. o FannieMae guidelines for entering correct standardized property address (including applicable unit number) must be followed. LTV/CLTV/FICO requirements must be met as stated in applicable product matrix regardless if findings permit a higher LTV/CLTV. Please note that a loan may lose eligibility if the AUS is reran and there have been significant change (i.e. MI rescinded, current mortgage delinquent, etc. as both FHLMC & FNMA update their databases on a monthly basis) Refer to FannieMae DURP guidelines Benefit to the Borrower is required. o DU cannot determine if FannieMae requirements are met, therefore, the UW must represent and warrant that the borrower is receiving a benefit from refinancing as stated in FannieMae guidelines o Asset and income doc requirements apply payment increase is >20%. o Adding Borrowers: Permitted as long as one of the original Borrowers is retained on loan o Removing/Deleting Borrower: Permitted as long the existing Borrower(s) is retained Permanent Resident : o If the borrowers on new loan are the same as the borrowers on existing loan, no verification of residency status required o If the borrowers on new loan are not the same as the borrowers on existing loan are not the same, SPM residency policy applies Non Permanent Resident: o If the borrowers on new loan are the same as the borrowers on existing loan, no verification of residency status required o If the borrowers on new loan are not the same as the borrowers on existing loan are not the same, SPM residency policy applies Borrower may receive cash back at closing $ Any excess cash representing the difference between the estimated and the actual payoff of the original loan plus closing costs and prepaid fees that is more than $250 must be applied as a principal curtailment to the new mortgage or a reduction in the actual loan amount. Fannie Mae policy B applies As per DU findings and DU Refi Plus documentation requirements. As stated in DU Ref Plus guidelines: o large deposits appearing on account statements do not need to be investigated. o proof of liquidation of assets is not required even if those assets are used by the borrower to pay closing costs. 4 P a g e
5 Condo/PUD Condo or PUD project reviews: Not required. Limited Reps & Warrants: UW is required to represent and warrant: Approvals Property is not in a condominium hotel or motel or cooperative hotel or motel. Property is not in a houseboat project or a timeshare or segmented ownership project Insurance requirements are met If an appraisal report is obtained, and indicates the subject project consists of an in complete conversion and/or there is a presence of a rental office for unconverted apt. units, the project will not be eligible for DU Refi Plus regardless of DU findings. Condo/PUD type: Condo type V and PUD type E must be selected and accurately reflected on 1008 CREDIT DU will not apply FICO score requirement for DU Refi Plus: UW must ensure the min FICO scores are met for applicable Product Matrix o Previous SPM requirement for 0 x 30 day Mortgage late history in the past 12 months is hereby removed o Borrowers whom have applied for or received a loan modification may be eligible to refinance under DU Refi Plus o The standard waiting period & re establishment of credit criteria following a bankruptcy, foreclosure, deed in lieu or Preforeclosure sale is being removed for DU Refi Plus loan casefile. DU will issue a message on loan casefiles for borrowers with significant derogatory credit letting the lender know that DU did identify the event and that the loan casefile would be eligible for delivery to FNMA, regardless of when the event occurred. Please refer to applicable DU Refi Plus guidelines ELIGIBILITY FOR DURP LOANS ESCROW WAIVERS INCOME DOC REQUIREMENT. GEO RESTRICTIONS Loan Term MAX FINANCED PROPERTIES MAXIMUM LOAN AMOUNT DURP loan eligible: DU Refi Plus guidelines are posted in FannieMae sections B through B E FannieMae website has also posted numerous FAQ s for DU Refi Plus and HARP /23/2013 Effective immediately FNMA revised the eligibility date to be based on the note date of the original loan, on or prior to May 31, 2009 for all new and existing applications. o All DURP requirements stated in product guide must be met including, but not limited to Acceptable DU Refi Plus and ExpressLoan findings, applicable MI messages, LTV/CLTV parameters, credit, income, appraisal and documentation criteria. o The new loan amount must meetrate/term Refinance (E.G. Limited cash out refinance) criteria: ONLY paying off the existing first FannieMae mortgage, plus financing of closing costs, and no more than $250 cash back to borrower The UW must enter only the balance of the first mortgage being paid off with the new transaction on line d., Refinance of the Details of Transaction section of the loan application. This amount must match the balance of the mortgage being paid off, as shown in the liabilities section of the loan application. Escrow shortages, delinquent property taxes, delinquent HOA dues etc. may NOT be included in the loan amount DURP loan ineligible: o Any loan not meeting eligibility criteria herein stated o Loan products not specifically listed as being eligible, including but not limited to: 10 Year Fixed Rate, & 3/1 ARM o Loans secured by properties ineligible for SPM financing include, but not limited to: Florida Condo s, Coops, Manufactured Homes, etc. Escrow waivers are not available. Standard SPM Escrow/Impound policy applies. Per DU findings and DU Refi Plus documentation requirements All income must be validated with processed #4506. An additional signed #4506 is required at closing Geographic restrictions may apply. Please refer to the Geographic Restrictions posted on SPM website. Loan Terms are only available as stated in the project header at the top of the page. There is no 25 year fixed rate term available. No Limit regardless of occupancy type as per DU Refi Plus guidelines Standard: Subject to standard Fannie Mae loan limits High Balance/Jumbo: Subject to currenthigh Balance/ Jumbo loan limits regardless if original FNMA loan was originated at a higher loan amount that was permitted at that time. 5 P a g e
6 MORTGAGE INSURANCE (BPMI transfer/mod of M.I. cert) SPM will permit the assignment/transfer/modification of an existing Borrower Paid M.I. (BPMI) policy from the current loan to the new loan for transactions >80% LTV from SPM approved M.I. companies. Eligible M.I.: BPMI (monthly) Ineligible M.I.: Any type of M.I coverage LPMI, HPMI, financed or single paid premium or M.I. certifications from companies not deemed an SPM approved company will not be eligible. ALL of the criteria must be met exactly as stated herein. Exceptions to these policies are not available. Approved companies: The DU findings must identify the insuring company. It must be one of the specifically SPM approved M.I. companies: Either Radian, MGIC, Genworth, or (UGICfor loans in processprior to ) o New M.I. certification option is not available. o Only the existing M.I. company listed on the DU finding will be able to transfer or modify the existing M.I. cert Ineligible insuring M.I. companies: PMI, Triad and RMIC. UGIC will be an ineligible company for new loans after (Note: Essent is not participating in this program). M.I. DU findings: Must be received exactly as illustrated in the Automated Underwriting topic. o The DU findings will NOT indicate the type of M.I. present on the current loan: Prior to loan submission, the Originator is responsible to contact the individual company listed on the DU findings to ensure that the current policy consists of an eligible Borrower Paid (BPMI) as stated in the Originator s responsibility section outlined below. o Level of MI coverage stated in DU findings MI Coverage Obtained will be acceptable subject to the M.I. Company s confirmation as outlined in below Originator Responsibility requirements. (Refer to Automated Underwriter topic for example) Originator s Responsibilities: Requirements must be completed PRIOR to loan submission without exception: o Ensure the M.I. policy reflected on DU findings was issued by one of the SPM approved companies listed above. o Contact issuing M.I. company listed on DU findings and obtain/confirm all of the following required information: Existing policy is an active/valid, policy AND Coverage type consists of Borrower Paid Mortgage Insurance (BPMI) AND The BPMI policy is transferrable/eligible for modification AND Obtain the factors for first 10 years and factors for remaining term o Certify in the loan submission package that: M.I. Company was contacted and all required information was confirmed with the issuing M.I. Company. The Originator s cert must include the exact and complete information for all FOUR requirements stated above. DURP Loan Originator s Certification of MI Information form posted on Doc Library website under Submission/Doc Draw tab. o ExpressLoan must be ran with the M.I. company provided factors Note: The Mortgage Insurance company may deny the request to modify or assign/extent the coverage due to any of the following reasons: No active certificate Certificate cancelled for LTV drop Eligibility requirement stating one of the borrower s must be present on the current certificate Current MI certificate is reported as delinquent in a CAT 10 or greater MI company is not the current MI provider Approved M.I. contact information: Note: The individual company may have a different processes or requirements for disclosing this information. Any specific company s requirement posted herein is provided strictly as a courtesy and may be subject to their revisions or changes. o Radian: Customer Care #: o MGIC: Customer Service #: o Genworth: Genworth Action Center #: P a g e
7 Continued on following page MORTGAGE INSURANCE (transfer/mod of M.I. cert) NON Occupant CO BORROWERS PREPAY PENALTY SUBORDINATE FINANCING Continued from previous page o UGI: Customer Quality Center: Signed 1003 or Third Party Authorization form (available on their website) is required Completed form or 1003 must be sent to: loanmods@ugcorp.com Website information: Note: UGI information is being retained as a courtesy for loans already in process prior to Premiums:The SPM approved MI companies listed above have the same process with regard to the MI premium transfer. o Monthly BPMI: For borrower paid monthly premiums, the premium rate on the existing MI cert remains the same. The monthly payment will be based on the new loan amount. The new loan amount may be higher or lower than the original loan amount. Monthly gap coverage owed may be required to be collected at closing. State tax/assessment fees may apply and must also be collected at closing. MI cert must be accurately reviewed to ensure the loan is closed correctly. SPM personnel: must follow the individual M.I. company s procedure to ensure the cert will meet FannieMae requirements including, but not limited to: o If a change or update occurs on the loan file (E.G. the loan amount increases or decreases), the request form must be re sent with the updated information. o Ensuring that the M.I approval document matches the information on the DU cert: Loan #, New Loan Amount, Borrower s Name, Property address, MI cert #, monthly payment (if applicable), amount and type of MI coverage Discrepancy in Premium Coverage: If the M.I. Company confirms different coverage than reported in DU, Fannie Mae has confirmed that the coverage currently in effect will be the accurate MI coverage. Therefore, the MI coverage per the MI cert should be used to close the loan. o Any amount due at closing must be taken into consideration Non occupant co borrowers are permitted There are no prepayment penalties Existing financing is permitted subject to CLTV parameters stated in matrix. New subordinate financing and/or paying off/paying down existing subordinate financing with loan proceeds is not allowed. Payoff of existing subordinate liens from the borrower's own funds is allowed and may occur within the DU Refi Plus refinance transaction. (E.G. it can be reflected on the HUD 1). Documentation sourcing the funds used for the pay off of the lien must be provided. Refer to Fannie policy for additional information 7 P a g e
Matrix A T300RP, T304RP, and T300JRP ONLY 1. PRIMARY RESIDENCE Rate & Term Refinance. CLTV/HCLTV Fico score Max DTI Type
The Federal Housing Finance Agency (FHFA) Home Affordable Refinance Program (HARP) is designed to assist borrowers who have demonstrated an acceptable payment history on their existingfannie Mae mortgage
More informationDU REFI PLUS EXPANDED T300RP A341RP
The Federal Housing Finance Agency (FHFA) Home Affordable Refinance Program (HARP) is designed to assist borrowers who have demonstrated an acceptable payment history on their existing Fannie Mae mortgage
More informationMatrix A. T300RP, T304RP, and T300JRP ONLY 1
The Federal Housing Finance Agency (FHFA) Home Affordable Refinance Program (HARP) is designed to assist borrowers who have demonstrated an acceptable payment history on their existingfannie Mae mortgage
More informationFHLMC Relief Refinance Open Access
The Federal Housing Finance Agency (FHFA) Home Affordable Refinance Program ( HARP ) is designed to assist borrowers who have demonstrated an acceptable payment history on their existing Freddie Mac mortgage
More informationNON-Interest Only. (W/ Secondary Financing)
Property Type 3 Fixed & ARM Purchase and Rate Term Refinance Max LTV Max LTV/CLTV 1 (W/O Secondary Financing) (W/ Secondary Financing) Min. FICO/Max DTI 1-Unit Primary 95.01 4,5-97% 4,5,6 95.00% DU/DU
More informationFNMA Jumbo Conforming Fixed & ARM (HIGH BALANCE LOANS) T300J 30 Year Fixed & T301J 15 Year Fixed A341J 5/1 ARM & A342J 7/1 ARM 30 Year Adjustable
High Balance loan limits (including 2013) are posted on E Fannie Mae website. Link: https://www.efanniemae.com/sf/refmaterials/loanlimits/xls/loanlimref.xls The following link can also be used for specific
More informationCONFORMING UNDERWRTING GUIDELINES DUREFIPLUS PROGRAM - WHOLESALE
Table of Contents APPRAISAL & PROPERTY INFORMATION.... 2 Appraisal Requirements... 2 LTVs > 95%..... 3 Property Inspection Waiver (Property Field work Waiver Requirements).... 3 ELIGIBLE PROPERTIES...
More informationDU Refi Plus. Eligibility Matrix Loan Amount & LTV Limitations
This matrix is intended as an aid to assist in determining if a property/loan qualifies for the DU Refi Plus program. It is not intended as a replacement for the full DU Refi Plus guidelines. Users are
More informationMax LTV/CLTV FICO 1 Unit 95/95% /90% 620 Purchase 85/85% 620 Refi 75/75% 2 Units Purchase & Refi- 85/85% 620 N/A N/A 75/75% 620
Revision: October 25, 2016 (Product Information Center, 949-390-2670, www.jmaclending.com) Fixed Rate (Purchase & Rate/Term Refinances) Fannie Mae DU Products: CF30, CF20, CF15, CF10 Occupancy Owner Occupied
More informationAPMC DU REFI PLUS MATRIX
1. PRODUCT DESCRIPTION 2. EXISTING FIRST MORTGAGE ELIGIBILITY 3. FINAL FUNDING DATE Conventional Conforming Fixed Rate DU Version 9.1 LTV
More informationditech BUSINESS LENDING CONFORMING HIGH-BALANCE PRODUCT (FANNIE MAE ELIGIBLE)
1. PRODUCT DESCRIPTION ditech BUSINESS LENDING CONFORMING HIGH-BALANCE PRODUCT Conventional Conforming fixed rate mortgage with High- Balance loan limits DU Version 10.2 Servicing retained 10 to 30 year
More informationNon-Agency Jumbo 5/1 LIBOR ARM PRODUCT CODE A512
Product Overview: This is a variable rate mortgage product, without negative amortization, whereby the interest rate and payment is adjusted in accordance with the specified index. Index: The index used
More informationDU Refi Plus. Table of Contents
Table of Contents 1. Eligible Existing Mortgage Loan Types... 2 2. Ineligible Existing Mortgage Loan Types... 2 3. Ineligible New Mortgage Loan Types... 2 4. Program Expiration... 2 5. Incentives for Borrowers...
More informationditech BUSINESS LENDING HOMEREADY MORTGAGE PRODUCT
1. PRODUCT DESCRIPTION ditech BUSINESS LENDING HOMEREADY MORTGAGE PRODUCT Conventional Conforming fixed rate mortgage DU Version 10.1 Servicing retained 10-30 year term in annual increments Fully amortizing
More informationditech BUSINESS LENDING CONFORMING DITECH-PAID LPMI PRODUCT (FANNIE MAE ELIGIBLE)
1. PRODUCT DESCRIPTION Conventional Conforming fixed rate with lender paid mortgage insurance DU Version 10.2 Servicing retained 10 to 30-year term in annual increments Manufactured Homes -30 year term
More informationAPMC DU REFI PLUS MATRIX
1. PRODUCT DESCRIPTION 2. EXISTING FIRST MORTGAGE ELIGIBILITY 3. FINAL FUNDING DATE Conventional Conforming Fixed Rate DU Version 9.3 LTV
More informationCONFORMING LIBOR ARMS PROGRAM HIGHLIGHTS
Program Summary Loan Term & Program Category A 30 year conforming conventional LIBOR ARM that is fixed for the initial 3, 5, or 7 years then rolls into a one year ARM for the remainder of the loan term.
More informationWHOLESALE Non-Agency Jumbo Fixed and ARM Fixed: T Year fixed rate, T Year fixed rate ARM: A500-5/1 ARM. A522-7/1 ARM and A527-10/1 ARM
Transaction Type Units Min-Maximum Loan Amt. Non-Agency Fixed and ARM Jumbo Matrix 1 WHOLESALE BUSINESS CHANNEL ONLY Maximum Min. LTV 3 FICO Min.# Mos. Verified PITIA Maximum DTI Maximum Cash Out 4 1 Primary
More informationDu Refi Plus Guidelines
Du Refi Plus Guidelines Units Contiguous States, DC Alaska, Hawaii Max Loan Amount Conforming 1 Unit 2 Unit 3 Unit 4 Unit $417,000 $533,850 $645,300 $801,950 $625,500 $800,775 $967,950 $1,202,925 Units
More information7.1 Genworth-Insured Refinance Program (04/03/09)
Genworth Mortgage Insurance 7.1 Genworth-Insured Refinance Program (04/03/09) The Genworth-Insured Refinance Program provides expanded underwriting guidelines for rate/term refinances of Genworth-insured
More informationPennyMac Correspondent Group DU Refi Plus The loan must have an application date on or before December 31, 2018
PennyMac Correspondent Group DU Refi Plus 01.18.18 The loan must have an application date on or before December 31, 2018 Overlays to Fannie Mae are underlined Mortgage Product FNMA DU Refi Plus HARP 2.0
More informationFNMA Conforming Mortgage
Topic Program Description Products AUS method Eligible States Maximum Loan Amounts Agency Conforming Loan Limits Product Guideline This is base Fannie Mae mortgage parameters for primary, second and investor
More informationCONFORMING FIXED LENDER PAID MORTGAGE INSURANCE PROGRAM HIGHLIGHTS
Program Summary Loan Term & Program Category A conforming conventional loan with a fixed interest rate for the term of the loan. Loan Term Program Category 30-year Conf Fixed 30 15-year Conf Fixed 15 Transaction
More informationditech BUSINESS LENDING CONFORMING TEXAS HOME EQUITY PRODUCT (FANNIE MAE ELIGIBLE)
1. PRODUCT DESCRIPTION ditech BUSINESS LENDING CONFORMING TEXAS HOME EQUITY PRODUCT Conventional Conforming fixed rate mortgage DU Version 10.1 Servicing retained 10 to 30 year term in annual increments
More informationFannie Mae High Balance Matrix
Revision: July 16, 2016 (Product Information Center, 949-390-2684, www.jmaclending.com Finance Type Purchas and Rate/Term Refinances Cash Out Refinances Occupancy Owner Occupied Owner Occupied Term Property
More informationditech BUSINESS LENDING CONFORMING FIXED RATE PRODUCT (FANNIE MAE ELIGIBLE)
1. PRODUCT DESCRIPTION Conventional Conforming fixed rate mortgage DU Version 10.1 Servicing retained 10 to 30 year term in annual increments Fully amortizing Qualified Mortgage (QM) Safe Harbor loans
More informationWholesale Lending DU Refi Plus 12/27/2013
Program Code Loan Description Program Type Loan_Type Program Code DU30-105 DU REFI 30 YR FIXED LTV 0-105 FIXED CONV DU20-105 DU REFI 20 YR FIXED LTV 0-105 FIXED CONV DU15-105 DU REFI 15 YR FIXED LTV 0-105
More informationPRODUCT MATRICES. For Information on any of our products, please contact:
Correspondent Lending PRODUCT MATRICES March 2016 For general underwriting questions and scenarios or product guideline interpretation, call the Underwriting Help Line at (866) 807-6049 For status, pricing,
More informationditech BUSINESS LENDING FREDDIE MAC ELIGIBLE SUPER CONFORMING FIXED RATE AND ARM PRODUCT
1. PRODUCT DESCRIPTI ON ditech BUSINESS LENDING FREDDIE MAC ELIGIBLE SUPER CONFORMING FIXED RATE AND ARM PRODUCT Conventional Conforming fixed rate mortgage w ith Super Conforming/High- Balance loan limits
More informationFHLMC PROGRAM LINEUP`
FHLMC PROGRAM LINEUP` Table of Contents Conventional Conforming (fixed & ARM)... 2 Super Conforming Fixed Rate... 5 Super Conforming ARM... 7 Home Possible... 11 Open Access... 16 HomeOne... 18 www.mcfunding.com
More informationditech BUSINESS LENDING CONFORMING FIXED RATE PRODUCT (FANNIE MAE ELIGIBLE)
1. PRODUCT DESCRIPTION Conventional Conforming fixed rate mortgage DU Version 10.2 Servicing retained 10 to 30 year term in annual increments Fully amortizing Qualified Mortgage (QM) Safe Harbor loans
More informationditech BUSINESS LENDING JUMBO PRODUCTS
1. PRODUCT DESCRIPTION Conventional Jumbo fixed rate and ARM mortgages Fixed Rate: 15 and 30 year terms 5/1 LIBOR ARM: 30 year term Fully amortizing Qualified Mortgage (QM) Safe Harbor loans are permitted
More informationChapter 9 Product Matrix
Table of Contents Chapter 9 Product Matrix... 1 CONVENTIONAL CONFORMING LOANS... 2 Secondary Market ARM (Adjustable Rate Mortgage) Loans... 4 HARP (Fannie DU Refi Plus and Freddie Open Access)... 5 FHA/VA
More information(TC) TRADITIONAL PROGRAM MATRIX CONFORMING & HIGH BALANCE
AGENCY CONFORMING DU Multiple Financed Properties CONFORMING DU Multiple Financed Properties FINANCE TYPE PURCHASE & RATE/TERM REFINANCE DELAYED FINANCING CASH OUT REFINANCE OCCUPANCY SECOND HOME INVESTMENT
More informationLender Letter LL
Lender Letter LL-2017-05 To: All Fannie Mae Single-Family Sellers High Loan-to-Value Refinance Option September 08, 2017 At the direction of the Federal Housing Finance Agency (FHFA), Fannie Mae will offer
More informationProduct Guidelines FNMA DU REFI PLUS PROGRAM (DU) CONFORMING
Product Guidelines FNMA DU REFI PLUS PROGRAM (DU) CONFORMING PROGRAM CODES: See the Program Codes section Version 1.5 03/27/18 ; RATE/TERM REFINANCE - CONFORMING Occupancy Max Loan Amount Maximum LTV/CLTV
More informationCONFORMING HIGH BALANCE FIXED PROGRAM HIGHLIGHTS
Program Summary A Conforming High Balance Conventional loan with increased loan size limits, featuring a 30-year and 15-year fixed interest rate for the term of the loan. Loan Term & Program Category Loan
More informationHigh-Cost Area (High Balance) Loan Amounts
Program Qualifications Eligible loans are conforming and high balance loans receiving a DU Version 10.0 or later Approve/Eligible. Maximum Loan Amounts Conforming Maximum Loan Amounts Units Continental
More informationConforming and High Balance Guideline Fannie Mae
Revision: December 18, 2017 (Product Information Center, 949-390-2670, www.jmaclending.com) Fixed Rate (Purchase & Rate/Term Refinances) Products: CF30, CF20, CF15, CF10 Occupancy Owner Occupied Second
More informationditech BUSINESS LENDING FREDDIE MAC ELIGIBLE DITECH-PAID LPMI FIXED RATE AND ARM PRODUCT
1. PRODUCT DESCRIPTI ON Conventional Conforming fixed rate w ith lender paid mortgage insurance Servicing retained 10 to 30-year term in annual increments Manufactured Homes -30 year term only Fully amortizing
More informationPRODUCT GUIDELINES LENDER PAID MORTGAGE INSURANCE PROGRAM (LPMI) PROGRAM CODES: C30FLPMI, H30FLPMI
Occupancy Purpose Max Loan Amount Maximum LTV/ CLTV LOAN AMOUNTS
More informationFULL DOC. PURPOSE/OCCUPANCY/UNITS LTV CLTV Minimum FICO. Owner Occupied (O/O) 1 unit 80% 80% unit (see MI section below) 95% 95% 700
FULL DOC PURPOSE/OCCUPANCY/UNITS LTV CLTV Minimum FICO PURCHASE Owner Occupied (O/O) 1 unit (see MI section below) 95% 95% 700 1 unit (see MI section below) 97% 97% 720 2 units (see MI section below) 95%
More informationMODIFICATION REQUEST FORM HARP / Distressed Modifications / Traditional Modifications
MODIFICATION REQUEST FORM HARP / Distressed Modifications / Traditional Modifications United Guaranty Residential Insurance Company P. O. Box 21367 Greensboro, NC 27420-1367 Phone: 888.822.5584 (select
More informationConventional and Government Program Overlays. OVERLAYS All Programs
4506-T/1040s Requirements Financed Properties OVERLAYS All Programs If TRV (Tax Return Verification) reveals C or E losses and/or unreimbursed expenses, 2 years of tax transcripts and 2 years 1040s will
More informationStockton Mortgage Funding HomeReady Fixed Rate Mortgage Product
1. PRODUCT DESCRIPTION Conventional C onforming fixed rate m ortgage DU Version 9.3 10, 15, 20, or 30 year terms for product 30 year term only for product Fully amortizing Qualified Mortgage (QM) Safe
More informationMinimum Credit Score. Second Homes - 1 Unit %*-$424,100 75%-$424,100 Investment Properties - 1 Unit 2 Units 3 Units 4 Units
PRODUCTS: Fixed rate mortgages. TERM: 10, 15, 20, 25 or 30 years MINIMUM MORTGAGE: $40,000 Purchase and Rate/Term LTVs are CLTVs 2 Primary Homes - 1 Unit 630 95%*-$424,100 80%-$424,100 2 Units 80%-$543,000
More informationSONYMA Conventional Plus Correspondent Term Sheet
Product Type 30 Year Fixed Rate Mortgage. Sales Focus This program combines the flexibility offered by Fannie Mae s HomeReady Mortgage along with SONYMA s Down Payment Assistance Loan (DPAL). It is designed
More informationSection DU Refi Plus Loan Program
Section 2.04 - DU Refi Plus Loan Program In This Product Description This product description contains the following topics: Overview... 2 Product Summary... 2 Features and Benefits... 4 Related Bulletins...
More informationSection Agency Loan Programs
Section 2.01 - Agency Loan Programs In This Product Description This product description contains the following topics. Overview... 3 Product Summary... 3 Related Bulletins... 4 Loan Terms... 5 Minimum
More informationCONFORMING HIGH BALANCE LIBOR ARMS PROGRAM HIGHLIGHTS
Program Summary Loan Term & Program Category A Conforming High Balance Conventional loan with increased loan size limits. A 30 year conforming conventional LIBOR ARM that is fixed for the initial 5, or
More informationCRA PORTFOLIO NON-CONFORMING PROGRAM
LOAN PROGRAM:... 2 LOCK-IN/REGISTRATION:... 2 MINIMUM MORTGAGE:... 2 MAXIMUM MORTGAGE:... 2 MAXIMUM LTV/CLTV:... 2 ADDITIONAL CONSIDERATIONS:... 2 AGE OF DOCUMENTS:... 3 APPRAISAL REQUIREMENTS:... 3 ASSUMABILITY:...
More informationGuidelines Correspondent. Loan Program: 5/1 LIBOR ARM 2/2/5 85 LTV No PMI Dollar Bank (1585) LTV Limits:
Loan Program: 5/1 LIBOR ARM 2/2/5 85 LTV No PMI Dollar Bank (1585) LTV Limits: Occupancy Primary Residence Property Type w/o Sec Fin. PURCHASE MORTGAGES w/sec Fin. Max TLTV Max HTLTV Loan Limits 1 Unit
More information999 West Street, Rocky Hill, CT Phone: (860) Fax: (860) Website:
999 West Street, Rocky Hill, CT 06067-4005 Phone: (860) 721-9501 Fax: (860) 571-3550 Website: www.chfa.org Table of Contents Loan Program Outlines & Underwriting Guides......... Pages 2-7 203(k) - FHA
More information999 West Street, Rocky Hill, CT Phone: (860) Fax: (860) Website:
999 West Street, Rocky Hill, CT 06067-4005 Phone: (860) 721-9501 Fax: (860) 571-3550 Website: www.chfa.org Table of Contents Loan Program Outlines & Underwriting Guides......... Pages 2-7 203(k) - FHA
More informationCONFORMING HB FIXED LENDER PAID MORTGAGE INSURANCE PROGRAM HIGHLIGHTS
Program Summary A Conforming High Balance Conventional loan with increased loan size limits, featuring a 30-year and 15-year fixed interest rate for the term of the loan. Loan Term & Program Category Loan
More informationFannie Mae (DU) Conventional Loan Matrix
PURCHASE/ LIMITED CASH OUT REFINANCES STANDARD and HIGH BALANCE LOAN AMOUNTS Occupancy Maximum* LTV Maximum* CLTV Min FICO* Max Ratios Minimum Cash Investments Mortgage/ Rental History Reserves 1 Unit
More informationJUMBO PRODUCT MATRIX
JUMBO PRODUCT MATRIX PRODUCT DESCRIPTION Non Conforming Fixed Rate OR; Non Convertible ARMs 5/1, 7/1 and 10/1 LIBOR ARM with a 2.25% Margin and 5/2/5 Caps No prepayment penalty Escrow waivers allowed for
More informationPRODUCT MATRICES. For Information on any of our products, please contact your USBHM Account Executive
Wholesale Lending PRODUCT MATRICES March 2017 For general underwriting questions and scenarios or product guideline interpretation, call the Underwriting Help Line at (866) 807-6049 For status, pricing,
More informationHIGH BALANCE CONFORMING (DU) See last page for 7-10 Financed Properties OK on DU 100, 300, 500, & 800 Series
HIGH BALANCE CONFORMING (DU) See last page for 7-10 Financed Properties OK on DU 100, 300, 500, & 800 Series 100 Series does not allow s Product Description Conventional Conforming Fixed and High Balance
More informationSIERRA CLASSIC JUMBO Fixed and ARM Matrix ( 1)(10)(11) RETAIL BUSINESS CHANNEL ONLY
SIERRA CLASSIC JUMBO Fixed and ARM Matrix ( 1)(10)(11) RETAIL BUSINESS CHANNEL ONLY Loan Purpose Property Type Owner Occupied Properties Minimum Credit Score (1) LTV/CLTV (2)(3)(8) Maximum Loan Amount
More informationAttention All Correspondent Lending Sellers: April 20, 2018 CA Announcing Freddie Mac Home Possible and Home Possible Advantage
Attention All Correspondent Lending Sellers: April 20, 2018 CA 18-037 Announcing Freddie Mac Home Possible and Home Possible Advantage Subject Summary Effective Date Home Possible Advantage Mortgage Maximum
More informationEFFECTIVE 1/23/09 THIS PRODUCT IS TEMPORARILY SUSPENDED.
Posted 1/23/09 EFFECTIVE 1/23/09 THIS PRODUCT IS TEMPORARILY SUSPENDED. 603 - Table of Contents 603 - JUMBO PRODUCTS...603-1 PRODUCT DESCRIPTION AND PRODUCT CODES...603-1 Overview...603-1 Seller Responsibility...603-1
More informationONE TIME CLOSE RENOVATION TO PERM OPTION III
ONE TIME CLOSE RENOVATION TO PERM OPTION III REVISION DATE: 5/4/2018 PRODUCT CODES: RP 1x 15 YR Renovation, RP 1x 30 YR Renovation, RP 1x 5/1 LIBOR ARM 275 2/2/5, RP 1x 5/1 TBill ARM 275 2/2/5, RP 1x 7/1
More informationJumbo Non-Conforming Products (Series-49)
Jumbo Non-Conforming Products (Series-49) This guide provides parameters for standard fixed rate and 5/1, 7/1, and 10/1 adjustable rate, fully amortizing, nonconforming products for primary residence up
More informationPRODUCT GUIDELINES CONVENTIONAL CONFORMING HIGH BALANCE PROGRAM (DU ONLY)
PURCHASE, RATE &TERM REFINANCE - FIXED RATE Occupancy Max Loan Amount LTV CLTV Min FICO Max Ratios Minimum Cash Investments Mortgage/Rental History Reserves 90%* 90%* 620 75.0% 75.0% 75.0% 75.0% 620 620
More informationFannie Mae DU Refi Plus ; Conforming High Balance Changes and New Appraisal Pricing
MSI Mortgage Services III, LLC Wholesale Partner Announcement At MSI Your Interest Is Our Priority! A Subsidiary of First State Bank Member FDIC Issue Date 5/07/09 Effective Date As Noted WPA 2009-020
More informationVersion 5/28/14 REV (6/27/16) Posted 6/27/16 Page 601-i
Version 5/28/14 REV (6/27/16) Posted 6/27/16 Page 601-i 601 - Table of Contents 601 - CONFORMING PRODUCTS... 601-1 PRODUCT DESCRIPTION AND PRODUCT CODES... 601-1 Overview... 601-1 Rights of MSI... 601-1
More informationULTRA JUMBO (UJ series) FULL DOC PROGRAM
ULTRA JUMBO (UJ series) FULL DOC PROGRAM Purchase and Rate/Term Refinance Owner Occupied Investment Property FICO Loan Amt SFR, Condos, PUDs Second Home 2-4 Family SFR, Condo, PUDs & 2-4 Family LTV CLTV
More information8:1 CONFORMING FIXED RATE
8:1 CONFORMING FIXED RATE LOAN PRODUCT CODES LOAN PRODUCT LOAN TERM/AMORTIZATION* 101 30 Year Fixed Rate 241-360 months 104 20 Year Fixed Rate 181-240 months 102 15 Year Fixed Rate 121-180 months 110 10
More informationREO; Matrices; Multiple Properties and Fannie Mae PIW
REO; Matrices; Multiple Properties and Fannie Mae PIW Purpose This announcement includes the following topics: REO- Exceptions for Fannie/Freddie held properties. Updated Matrices HomePath and Conforming
More informationCorrespondent Guidelines. Loan Program: 7/1 LIBOR ARM 5/2/5 Dollar Bank (1700) LTV Limits:
Loan Program: 7/1 LIBOR ARM 5/2/5 Dollar Bank (1700) LTV Limits: Occupancy Primary Residence Investment & Non-Owner PURCHASE AND LIMITED CASH-OUT REFINANCE MORTGAGES Property Type 1 Unit Max LTV Max TLTV
More informationGuidelines Correspondent Loan Program: 5/1 LIBOR ARM 2/2/5 Interest Only Dollar Bank (1590) LTV Limits:
Loan Program: 5/1 LIBOR ARM 2/2/5 Interest Only Dollar Bank (1590) LTV Limits: PURCHASE and NO CASH-OUT REFINANCE MORTGAGES Occupancy Primary Residence Second Home Investment & Non- Owner Occupied Property
More informationMin. Max DTI CLTV /HCLTV 3,5
DU 9.0 STANDARD CONFORMING FIXED 1 CORRESPONDENT BUSINESS CHANNEL ONLY PRIMARY HOME PURCHASE & RATE/TERM REFI Property Type 2 Max LTV/ Min. Max DTI CLTV /HCLTV 3,5 FICO 1 Unit 97 4 /97 2 Unit 85 4 /85
More informationHUNTINGTON PORTFOLIO Fixed and Adjustable Rate Conforming and Non-Conforming Products INVESTOR 1/1, 3/1, 5/1, 7/1 10/1 & 15/1 ARMs
PRODUCTS: 15 yr Fixed Rate INVESTOR 1/1, 3/1, 5/1, 7/1 10/1 & 15/1 ARMs CODE: Conforming & Non-Conforming 085 BUSINESS TYPE: PORTFOLIO SERVICING: RETAINED REVISED: 10/01/2016 PRODUCT CRITERIA 1) PRODUCT
More informationJUMBO PRIME PROGRAM JUMBO PRIME PROGRAM
JUMBO PRIME PROGRAM PRIMARY RESIDENCE Purchase & Rate/Term Refinance Units Max. Loan Amount (1) LTV CLTV Min. FICO Max. Cash-Out $2,000,000 80% 80% 740 $1,750,000 80% 80% 720 $2,000,000 75% 75% 720 $2,250,000
More informationGuidelines Correspondent. Loan Program: 5/1 LIBOR ARM 2/2/5 85 LTV No PMI Dollar Bank (1585) LTV Limits:
Loan Program: 5/1 LIBOR ARM 2/2/5 85 LTV No PMI Dollar Bank (1585) LTV Limits: Occupancy Primary Residence Second Home Investment & Non- Owner Property Type Condominiums are ineligible for this product.
More informationHome Affordable Refinance FAQs May 12, 2009
Home Affordable Refinance FAQs May 12, 2009 The Making Home Affordable Program includes a new initiative Home Affordable Refinance to assist homeowners in refinancing their mortgages. The primary expectation
More informationConventional and Government Program Overlays
Financed Properties OVERLAYS All Programs Limited to maximum 2 loans to one borrower, one must be primary residence Minimum Loan Amount $60,000 Allowed for active duty military personnel, military contractors,
More informationDesktop Underwriter/Desktop Originator Release Notes
Desktop Underwriter/Desktop Originator Release Notes DU Version 10.2 September Update July 24, 2018 During the weekend of Sept. 22, 2018, Fannie Mae will implement an update to Desktop Underwriter (DU
More informationEnhanced Property Inspection Waiver Frequently Asked Questions
Enhanced Property Inspection Waiver Frequently Asked Questions Updated November 28, 2016 Property inspection waiver (PIW) is an offer to waive the appraisal for certain refinance transactions. PIW offers
More informationUnderwriting Guideline Matrix
: Program / Product Codes: 30 Year Fixed (W130) 15 Year Fixed (W132) Subject to Change Without Notice Valid as of: 12/18/2017 Copyright 2017 Skyline Financial Corp. dba NewLeaf Wholesale, Nationwide Mortgage
More informationPennyMac Correspondent Group Open Access
PennyMac Correspondent Group Open Access 01.18.18 Overlays to Freddie Mac are underlined The new loan must have an application date on or before December 31, 2018. Mortgage Product Program Eligibility
More informationVERY IMPORTANT THE LOAN WILL BE RUN THROUGH DU PRIOR TO START OF CONSTRUCTION AND MUST REFLECT APPROVE ELIGIBLE.
REVISION DATE: PRODUCT CODES: One Time CP 15YR, One Time CP 30 YR. PURPOSE: To construct Borrower s primary or second residence with credit approval prior to start of construction. Correspondent will monitor
More informationCorrespondent Overlay Matrix
Correspondent Overlay Matrix The Overlay Matrix is a summary of Pacific Union Financial, LLC (Pacific Union) guideline overlays. This document should be used in conjunction with Pacific Union published
More informationTABLE OF CONTENTS. PRODUCT DESCRIPTION Page # Product Description 3
TABLE OF CONTENTS PRODUCT DESCRIPTION Page # Product Description 3 ELIGIBILITY Occupancy 3 Property Types: Eligible & Ineligible 3 imum Loan Amounts 3 Assumability 3 Buydowns 3 Prepayment Penalty 3 Cash
More informationHome Affordable Refinance (DU Refi Plus and Refi Plus) FAQs
Home Affordable Refinance (DU Refi Plus and Refi Plus) FAQs February 3, 2015 The Home Affordable Refinance Program (HARP) is designed to assist homeowners in refinancing their mortgages even if they owe
More informationCorrespondent Overlay Matrix
Correspondent Overlay Matrix The Overlay Matrix is a summary of Pacific Union Financial, LLC (Pacific Union) guideline overlays. This document should be used in conjunction with Pacific Union published
More informationFannie Mae Conforming and High Balance
Primary Loan Purpose Minimum FICO Units Max LTV/CLTV/HCLTV Purchase or Rate/Term Cash-Out 2 3-4 2-4 Fixed 97%,2 / ARM 95% Fixed/ARM 85% Fixed/ARM 75% Fixed/ARM 80% Fixed/ARM 75% Second Home Loan Purpose
More informationProduct Guidelines Freddie Mac Relief Refinance - Open Access
; Important Note: The program has been extended to allow application received dates on or before December 31, 2018 and settlement dates on or before September 30, 2019. Occupancy 1-4 Units 1-4 Units Max
More informationDU Conforming Fixed & ARM and High- Balance Fixed & ARM
DU Conforming Fixed & ARM and High- Balance Fixed & ARM PURCHASE & RATE/TERM REFINANCE PRIMARY RESIDENCE Property Type FRM LTV/CLTV/HCLTV ARM LTV/CLTV/HCLTV 1 Unit 97% (1) 95% (2) 2 Units 85% 85% 3-4 Units
More informationPremium Jumbo Fixed & 10/1 ARM
Last Update 11/29/2017 Primary (Purchase & Rate/Term NO MI OPTION) Primary (Purchase) Primary (Rate/Term Ref.) Loan Amt LTV/CLTV Min Fico DTI Reserves Loan Amt LTV/CLTV Min Fico DTI Reserves Loan Amt LTV/CLTV
More informationditech BUSINESS LENDING FANNIE MAE HIGH LOAN TO VALUE REFINANCE OPTION
1. Product Description The High LTV Refinance option provides refinance opportunities to borrow ers w ith existing Fannie Mae loans w ho are making their mortgage payments on time but w hose LTV ratio
More informationULTRA JUMBO (DU) - UJDU series FULL DOC PROGRAM
ULTRA JUMBO (DU) - UJDU series The Ultra Jumbo DU option utilizes Fannie Mae Desktop Underwriter (DU) over its manual underwriting counterpart. The loan is underwritten to the more restrictive of the Ultra
More informationFull/Alternative Documentation PRIMARY RESIDENCE - PURCHASE & RATE/TERM REFINANCE Property Type Max. LTV Max. CLTV
Click here for PDF version Full/Alternative Documentation PRIMARY RESIDENCE - PURCHASE & RATE/TERM REFINANCE Maximum Loan Credit Score 3 Program 1- to 2-unit 95% 1 n/a $300,000 28/36 2 months 660 Standard
More informationSUPER JUMBO PRIMARY RESIDENCE. Min FICO. SFR, Condo* Townhouse PUD, 2 Units. Min FICO. SFR, Condo, Townhouse, PUD, 2 Units SECOND HOMES.
SJ Series SUPER JUMBO PRIMARY RESIDENCE Occupancy Loan Purpose Property Type Min FICO LTV/CLTV Max Loan Amt Primary Residence Purchase & Rate/Term Refinance SFR, Condo* PUD, 2 Units 720 80/80 $2,000,000
More informationConventional and Government Program Overlays. OVERLAYS All Programs
4506-T/1040s Requirements Asset Verification Comparable Sales Credit Inquiries Delinquent Child Support Financed Properties OVERLAYS All Programs If TRV (Tax Return Verification) reveals C or E losses
More informationCorrespondent Lending FHA Fixed Rate
Agency Correspondent Lending FHA Fixed Rate Correspondent Lending FHA Fixed Rate Maximum Loan Amount County Minimum Loan Amount $50,000 10, 15, 20, 25 & 30 YR Fixed Rates & 5/1 CMT ARM DU Approve, LP Accept
More informationditech BUSINESS LENDING JUMBO AA PRODUCT CORRESPONDENT LENDING
ditech BUSINESS LENDING JUMBO AA PRODUCT CORRESPONDENT LENDING See attached Client Guide Supplement: The Client Guide Supplement is to be used in conjunction with the Product Matrix and the Jumbo Chapter
More informationAssociated Adjustable Rate Mortgage Programs TPO Originations
1. Product Description Associated Mortgage Portfolio Programs allows Associated to offer customized underwriting solutions based on the borrower s individual Credit with Associated Bank and other lenders;
More information