Platinum Non-Conforming Conventional LTV Matrix
|
|
|
- Bryce Morgan
- 5 years ago
- Views:
Transcription
1 Primary Residence Purchase and Rate/Term Refinance Fixed rate (15- to 30-year) Loan Amount/ Combined Loan >$424,100- $750,000 2 >$750,000 $1,000,000 >$1,000,000 $1,500,000 Single Family Detached/ Attached, PUD, Detached Condo, Attached Condo with Loan Score >720 4 C C Attached Condo with Loan Score < Unit 3- to 4-Unit C C n/a n/a Min. Loan Score 700 Fixed rate 720 ARMs (Table continued on next page)
2 Primary Residence Purchase and Rate/Term Refinance (Continued) Loan Amount/ Combined Loan >$1,500,000 $2,000,000 >$2,000,000- $2,500,000 >$2,500,000- $3,000,000 Single Family Detached/ Attached, PUD, Detached Condo, Attached Condo with Loan Score >720 Attached Condo with Loan Score <720 C C 2-Unit C 3- to 4-Unit Not listed C 3. Refer to Section : Property and Appraisal - Specific Property Types for additional restrictions when C exceeds 80%. 4. Maximum /C for condos (attached/detached) in Miami-Dade County, FL is 70%. Min. Loan Score
3 Primary Residence Cash-out Refinance 1 Fixed rate (15- to 30-year) Loan Amount/ Combined Loan Single Family Detached/Attached, PUD, Condo C >$424,100-$750, >$750,000 $1,500,000 >$1,500,000 $2,000, Primary Residence Cash-out Limits /C Maximum Amount of Cash Out >65% $400,000 <65% $500,000 Primary Residence Reserve/PCL Requirements Loan Amount/Adjusted Combined Loan Single Family Detached/Attached, PUD, Condo 2-unit Min. Loan Score to 4-unit Up to $1,000, months PITI 2 12 months PITI 2 36 months PITI 2 >$1,000,000-$2,000, months PITI 2 18 months PITI 2 >$2,000,000-$4,000, months PITI 2 1. Adjusted combined loan amount (total of all loans/outstanding line balances against the subject property) applies when secondary financing exists (i.e., when subordinate financing is a line of credit, the outstanding balance is used). 2. See Section (a): Borrower Liquidity for funds eligible to meet the reserve requirements.
4 Second Home Purchase and Rate/Term Refinance Fixed rate (15- to 30-year) Single Family Detached/Attached, PUD, Detached Condo, Attached Condo with Loan Score >720 3 Attached Condo with Loan Score <720 Loan Amount/ Combined Loan >$424,100- $650,000 2 >$650,000 $1,000,000 >$1,000,000 $1,500,000 >$1,500,000 $2,000,000 C C Maximum /C for condos (attached/detached) in Miami-Dade County, FL is 70%. Min. Loan Score 700 Fixed rate 720 ARMs
5 Second Home Cash-out Refinance Fixed rate (15 to 30-year) Loan Amount/ Combined Loan >$424,100 - $650,000 2 >$650,000 $1,500,000 >$1,500,000 $2,000,000 Single Family Detached/Attached, PUD, Condo C Second Home Cash out Limits /C Maximum Amount of Cash Out All $350,000 Second Home Reserve/PCL Requirements Loan Amount/Adjusted Combined Loan Single Family Detached/Attached, PUD, Condo Up to $1,000, months PITI 2 Min. Loan Score >$1,000,000-$2,000, months PITI 2 >$2,000,000-$4,000, months PITI 2 1. Adjusted combined Loan amount (total of all loans/outstanding line balances against the subject property) applies when secondary financing exists. 2. See Section (a): Borrower Liquidity for funds eligible to meet the reserve requirements. 720
6 Investment Property Purchase, Rate/Term, and Cash-out Refinance Fixed Rate (15- to 30-year) ARMs (7/1 and 10/1 ARMs) Single Family Detached/Attached, PUD, Condo 5 Reserves/PCL Requirements Loan Score Loan Amount/ Combined Loan C >$424,100 up to $2,000, or Loan Amount/Adjusted Combined Loan Amount 2 up to $1,000,000: 24 months PITI 3 Loan Amount/Adjusted Combined Loan Amount 2 >$1,000,000 to $2,000,000: 30 months PITI Adjusted combined Loan amount (total of all loans/outstanding line balances against the subject property) applies when secondary financing exists (i.e., when subordinate financing is a line of credit, the outstanding balance is used). 3. See Section (a): Borrower Liquidity for funds eligible to meet the reserve requirements. 4. Non-Conforming first Loan amounts must be greater than $424, Condominiums (attached/detached) in Miami-Dade County are not eligible for purchase. Investment Property Cash out Limits /C Maximum Amount of Cash Out All $400,000
Attached Condo with Loan Score < Unit 3- to 4-Unit. Max. CLTV n/a n/a 1. Max. LTV Max. CLTV Max. LTV Max. CLTV
Conventional Eligible Loan Products Primary Residence Purchase and Rate/Term Refinance The /C matrix below is allowed with the following products: Fixed rate (15- to 30-year) Loan Amount/ Combined Loan
Attached Condo with Loan Score < Unit 3- to 4-Unit. Max. CLTV Max. LTV Max. CLTV Max. LTV Max. CLTV
Conventional Eligible Loan Products Primary Residence Purchase and Rate/Term Refinance The /C matrix below is allowed with the following products: Loan Amount/ Combined Loan $750,000 2 >$750,000 $1,000,000
SJ JUMBO PROGRAM. Single Family, PUD, Detached/Attached Condo with Loan Score >720. Attached Condo with Loan Score <720 Min.
SJ JUMBO PROGRAM Primary Residence Purchase and Rate/Term Refinance Fixed rate (15- to 30-year) ARMs (5/1, 7/1, and 10/1 LIBOR ARMs) Single Family, PUD, Detached/Attached Condo with Loan Score >720 Attached
Non-Conforming Conventional LTV Matrix
Non-Conforming Conventional Matrix 950 Non-Conforming Conventional Matrix PRIMARY RESIDENCE - PURCHASE AND RATE/TERM REFINANCE The /C matrix below is allowed with the following products: $750,000 $750,000
HIGH 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
CONFORMING 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
CONFORMING 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.
Primary Residence PURCHASE ONLY OVER 80% LTV 2 85% 2 Not Allowed. 2 Not Allowed
Revision: March 4, 2019 (Product Information Center, 949 390 2670, www.jmaclending.com Primary Residence PURCHASE ONLY OVER 80% LTV SFR Detached/Attached, PUD, Condo LG NCF30, LG NCF15, LG NCF7/1, LG NCF10/1
CONFORMING 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
Key Loan Program LTV/TLTV Tables and ARM Qualifying Rates Prior to December 9, 2013
Prior to December 9, 203 Loan-to-Value (LTV): Primary Residence - The table below shows information pertaining to standard guidelines for the purchase and rate/term refinancing of one () unit primary residences,
JUMBO PREMIER MORTGAGE GUIDELINES
JUMBO PREMIER MORTGAGE GUIDELINES Guidelines are for use by mortgage professionals only and subject to change without notice. TABLE OF CONTENTS TABLE OF CONTENTS... 2 PRODUCT... 13 ABILITY TO REPAY (ATR),
CONFORMING 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
Guidelines 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
Fixed Rate = Note Rate 5/1 ARM = start rate plus 2% 7/1 and 10/1 ARM = The greater of the start rate or the fully indexed rate Debt Ratio
Product Description (LP) Conventional Conforming Fixed and ARM High Balance (LP) Program Numbers 30 = 15 yr fixed 31 = 30 yr fixed ARMs are not available for all Series Numbers 32 = 5/1 ARM 33 = 7/1 ARM
CONFORMING 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
One Underwrite (AUS) Agency AUS Approve, Accept/Eligible
One Underwrite (AUS) Agency AUS Approve, Accept/Eligible 620 FICO 3 4 unit property excluded FNMA/FHLMC Conventional FNMA HomeReady TM Mortgage; HomeStyle Renovation; HomeStyle Energy Mortgage FHLMC Home
Guidelines Correspondent. Loan Program: 15-Year Fixed Jumbo (215)
Guidelines Correspondent Loan Program: 15-Year Fixed Jumbo (215) LTV Limits: Occupancy Primary Residence Investment & Non- Owner Occupied PURCHASE AND LIMITED CASH-OUT REFINANCE MORTGAGES Property Type
TABLE 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
Conforming Loans as of October 24, 2007
Conforming Loans Fixed Rate, Fixed Period ARMs, and Standard ARMs (Full/Alt Documentation) (Standard Amortization) Cash Out Refinances Occupancy 1 1 1 1 1 1 1-Unit Properties 95/95% 95/95% 85/85% 2-Unit
Guidelines 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
FNMA / FHLMC - Conforming
FNMA / FHLMC - Conforming 30 Yr -FFN3000/FFH3000/FFN3ACE/FFN 30FM 20 Yr - FFN2000 15 Yr - FFN1500/FFH1500 10 Yr - FFN1000 Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day Rate
One Underwrite (AUS) Agency AUS Approve, Accept/Eligible
One Underwrite (AUS) Agency AUS Approve, Accept/Eligible 620 FICO 3 4 unit property excluded FNMA/FHLMC Conventional FNMA HomeReady TM Mortgage; HomeStyle Renovation; HomeStyle Energy Mortgage FHLMC Home
Guidelines Correspondent
Loan Program: 30-Year Fixed Fannie Mae (630) 20-Year Fixed Fannie Mae (620) 15-Year Fixed Fannie Mae (615) LTV Limits: ❶ ❷ ❸ Occupancy Investment & Non-Owner Type❷ 1 Unit PURCHASE MORTGAGES Max LTV Max
Guidelines 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.
FNMA 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
THE LSMG JUMBO PRODUCT
THE LSMG JUMBO PRODUCT Primary Residence: Purchase Property Type 2-unit Max LTV/CLTV/ Max Loan Min Loan Amount 2 Amount 3 Min FICO Score 4 Max 85% 6 $1,000,000 760 36% / 43% 80% $1,500,000 720 40% / 43%
Wholesale Rate Sheet
a new lock may be requested at the current market price without incurring the relock fee. 5 Days 0.150% Conventional Fixed Products 30 Year Fixed 20 Year Fixed Rate 30 Day Price 45 Day Price 60 Day Price
Correspondent 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
PRODUCT 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,
FULL 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%
HOMEOWNERSHIP ASSISTANCE PROGRAM SUMMARY
HOMEOWNERSHIP ASSISTANCE PROGRAM SUMMARY Product Description Allowable Origination Channel Program Name Second mortgage loan program to be used in conjunction with: FHA Fixed Rate Fannie Mae Fixed 30 year
Bayview Loan Servicing Correspondent Division
Bayview Portfolio Products Early Access MAXIMUM ALL IN PRICE 103.50 Early Access 30yr Fixed - PPF300 Early Access 15yr Fixed - PPF150 6.625% 97.625 97.559 97.494 5.750% 97.500 97.471 97.442 6.750% 98.063
Bayview Loan Servicing Correspondent Division
Bayview Portfolio Products Early Access MAXIMUM ALL IN PRICE 103.50 Early Access 30yr Fixed - PPF300 Early Access 15yr Fixed - PPF150 6.250% 97.625 97.582 97.539 5.500% 97.500 97.488 97.477 6.375% 98.063
Assistance Program: Miami Dade County PHCD Affordable Housing First Time Homebuyer Program Code: DFLMIAMCY
HOMEOWNERSHIP ASSISTANCE PROGRAM SUMMARY Product Description Allowable Origination Channel Program Name Second mortgage loan program to be used in conjunction with: FHA Fixed Rate Fannie Mae Fixed 30-year
Laguna Jumbo Matrix. 1 P a g e. Revision: June 20, 2017 (Product Information Center, ,
Revision: June 20, 2017 (Product Information Center, 949-390-2670, www.jmaclending.com Primary - Purchase and Refinance Rate & Term Only LG-NCF30, LG-NCF15, LG-NCF5/1, LG-NCF7/1, LG-NCF10/1 SFR Detached
ULTRA 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
Effective June 1, 2008 UNDERWRITING GUIDELINES
Radian Guaranty Inc. Contents Introduction... 4 Full Documentation Prime Credit ( Industry A )... 4 Limited Documentation Prime Credit ( Alternative A or Alt A )... 6 Full Documentation Non-Prime Credit
TABLE OF CONTENTS 2. Matrix Product Code... 9 Mandatory (ACH) Automatic Payment Withdrawal... 9 Description... 9 Interest Only Feature...
TABLE OF CONTENTS 2. Matrix... 3 3. Product Code... 9 4. Mandatory (ACH) Automatic Payment Withdrawal... 9 5. Description... 9 6. Interest Only Feature... 9 7. Loan Size Limit... 9 8. LTV/CLTV Limits...
Wholesale Rate Sheet AZ / NV (Lender Paid Comp)
Wholesale Rate Sheet AZ / NV (Lender Paid Comp) Effective Date: 3/8/2019 Change Summary: Rates down.125 on 3/1, 5/1 and JB15 products Account Executives Contact Info Gina Mcleod, AE - SD/PS 858-344-4254
Full/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
HLA Rate Sheet FOR INTERNAL USE ONLY. 95% LTV. Extensions 5 Days 0.150% 10 Days 0.200% 15 Days 0.250% 20 Days 0.300% 25 Days 0.350% 30 Days 0.
Lock desk is open from 9:30am to 4:30am (ET). Rates and prices are considered expired outside that window. PROMOTION 0.25% Yield credit on Conventional Fixed Products $200,000 or greater with credit score
NON-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
Description Maximum Loan Amount. LP Eligibility. NetOxygen Product Names
NetOxygen Product Names Description Maximum Loan Amount LP Eligibility Purchase / Rate Term Refinance 7 Primary: 1- Unit 6 Primary: 2-4 Unit 6 2 nd 4, 5, 6 Home: 1 Unit Investment:1-Unit (Purchase ) 4,
5/1 ARM 1 ; 7/1 or 10/1 ARM 2 Must exceed Conforming Standard and High Balance Limit for State/County %/40% 80%* 80%* $2,000,000 1
Conventional Jumbo Loan Program The Conventional Jumbo Loan program can be used to provide financing options for Primary Residences with jumbo loan amounts in excess of Conventional High-Balance limits.
FRESH START. Max 85% LTV with no MI No seasoning on derogatory events No mortgage/rental payment history required Low Minimum FICO
Program Highlights FRESH START Max 85% LTV with no MI No seasoning on derogatory events No mortgage/rental payment history required Low Minimum FICO Fresh Start ARM and Fixed PURCHASE AND RATE TERM REFINANCE
PRIMARY RESIDENCE - PURCHASE & RATE/TERM REFINANCE. Reserves
Click Here For PDF Version Full/Alternative Documentation 1-2 Unit 1 Unit 3-4 Unit PRIMARY RESIDENCE - PURCHASE & RATE/TERM REFINANCE Maximum Qualifying Ratios Required MI Minimum LTV CLTV Loan Amount
HLA Rate Sheet FOR INTERNAL USE ONLY. Conventional Fixed Products. 15 Year Fixed 10 Year Fixed 15 Year Fixed Seconds
Lock desk is open from 9:30am to 4:30am (ET). Rates and prices are considered expired outside that window. PROMOTION 0.25% Yield credit on Conventional Loans $200,000 or greater with credit score of 720+
HomePath Program Guidelines
The following guidelines apply to all DIRECTORS MORTGAGE s HomePath loan programs. All loans must adhere to the criteria of these guidelines. This guide addresses the specific areas needed to facilitate
Jumbo 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
Fannie 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
PURCHASE. Max LTV w/o Sec. Fin. Max LTV w/ Sec. Fin. Max TLTV w/ Sec. Fin.
Agency Revised 3/26/2014 Correspondent Lending Freddie Mac Standard Fixed Rate and ARM Product Profile excludes: Relief Refinance and Super Conforming ELIGIBILITY MATRIX Overlays to Freddie guidelines
Reasonable closing costs may be included in the Loan amount, but any cash back to the Borrower makes the transaction a Texas Equity Loan.
Texas Equity Loans The information below is specific to refinance transactions for properties located in the State of Texas. Refer to the Fixed Jumbo program guidelines in addition to these guidelines.
JUMBO 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
LPA HOME POSSIBLE. Home Possible
LPA HOME POSSIBLE Description: Product Term HPML Loan Purpose Acceptable Property Types Home Possible Home Possible (HP) is a Freddie Mac Community Lending program is designed to meet the needs of low-
FHLMC 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
FHA FIXED & ADJUSTABLE RATE Series 300, 500, 700, & 800
FHA FIXED & ADJUSTABLE RATE Series 300, 500, 700, & 800 Product Description FHA Conforming Fixed Rate & ARM FHA15 = 15 year fixed FHA30 = 30 year fixed Program Numbers FHA5/1 = 5/1 ARM FHASTREAM15 = 15
FHA FIXED PROGRAM HIGHLIGHTS
Product Summary These guidelines represent the companies underwriting requirements for FHA fixed rate and ARM mortgages, and are to be utilized in conjunction with the following FHA Handbooks: 4155.1 for
Fixed-rate, fully amortizing with level payments for life of loan. This program is for conventional conforming loan amounts.
Several states and local municipalities have enacted legislation that define High Cost loans based on APR and fee thresholds which may or may not relate to the HOEPA thresholds. These types of loans typically
Product 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
Hit the Books: First Time Homebuyer Programs from FNMA and FHLMC
Hit the Books: First Time Homebuyer Programs from FNMA and FHLMC Two common first time homebuyer programs are MyCommunityMortgage from FNMA and Home Possible from FHLMC. This reference will help you understand
Wholesale 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
FHA 203 (h) Program Guidelines
FHA 203 (h) Program Guidelines Revised 3/27/2018 Rev. 04 (Click the link to go straight to the section) 1 Program Summary 13 Income and Employment 25 ARM Adjustments 2 Product Codes 14 Qualifying Ratios
Assistance Program: Hernando County SHIP Down Payment Assistance Program Code: DFLHCSHIP
HOMEOWNERSHIP ASSISTANCE PROGRAM SUMMARY Product Description Allowable Origination Channel Program Name Second mortgage loan program to be used in conjunction with: FHA Fixed Rate Fannie Mae Fixed 30 year
Correspondent 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
Underwriting Guidelines
Effective April 19, 2010 Revision notes Revisions for April 19, 2010 The following revisions have been made to the March 22, 2010 guidelines. Substantive changes to the text appear in a different color.
% % >80% & 95%
Wholesale Division US Bank Home Mortgage Wholesale Pricing Effective: 2/13/18 98.500 98.5 HELP DESK 800-200-5881 Page: 1 of 5 CONVENTIONAL FIXED RATE LOANS 6 30 45 60 75 LOAN SIZE AND STATE ADJUSTMENT
Premium 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
Du 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
CONFORMING 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...
FHA Streamline Program Conforming and High Balance Fixed Rate and ARMs
FHA Streamline Program Conforming and High Balance Fixed Rate and ARMs Primary Residence Transaction Type Units LTV CLTV Loan Amount 1 Streamline w/appraisal 4 1 90% 90% FHA Limit Streamline w/ Appraisal
SUPER 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
Chapter 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
FHLMC 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
NON-QM MATRIX WHOLESALE DIVISION Sky Park Circle, Ste 100, Irvine, CA rev. March 12, FULL DOC. Min.
SILVER NON-QM MATRIX WHOLESALE DIVISION 17802 Sky Park Circle, Ste 100, Irvine, CA 92614 rev. March 12, 2018 www.ec-tpo.com PRODUCT DESCRIPTION Full doc available for Self Employed and W 2 borrowers 24
SUPER JUMBO ADVANTAGE 500 SERIES
SUPER JUMBO ADVANTAGE 500 SERIES Product Description Programs Non-Arms Length Transaction 500 Series Super Jumbo Advantage Retail Only 15 yr fixed 30 yr fixed 5/1 ARM 7/1 ARM 10/1 ARM ARM (if applicable)
Premium Jumbo 7/1 & 5/1 ARM
Premium Jumbo 7/1 & 5/1 ARM Program Codes: PJ 7/1 & PJ 5/1 ARM Purchase and Rate/Term Refinance Primary (Purchase) Primary (Rate/Term Ref.) Max Loan Amt Max LTV/CLTV Min Fico DTI Reserves Max Loan Amt
720 & ABOVE. Purchase Rate/Term Max Loan Amount. C/O Refi Max Loan Amount. Maximum Cash-out Amount 1 FICO SCORE $250,000
SECOND HOME 700 720 PRIMARY RESIDENCE SECOND HOME 720 & ABOVE PRIMARY RESIDENCE CORE JUMBO (CJ) PRIMARY & 2 ND HOME PURCHASE; RATE/TERM & CASH-OUT REFINANCE FICO SCORE Occupancy LTV/CLTV Purchase Rate/Term
PMI (4764) pmi-us.com
800.966.4PMI (4764) AnswerCenter@pmigroup.com pmi-us.com NON-DISTRESSED PMI MARKETS ELIGIBILITY MATRIX FULL DOC STANDARD JUMBO LOANS* Owner-Occupied Purchase Only Owner-Occupied Purchase or Rate/ Term
CRA 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:...
Conforming limits - Purchase - Rate and Term Refinances (Loans must have been purchase money A quality mortgage at origination)
DREAM MAKER FIXED RATE LOW INCOME / LOW FICO WHOLESALE PRODUCT GUIDELINES PRODUCT CODES: C30XO C20XO C15XO C10XO Several states and local municipalities have enacted legislation which define High Cost
Highland Expanded Prime Matrix
Highland Expanded Prime Matrix Program Max LTVs Loan Amount FICO Purch. & R/T Purch. & R/T 50% DTI or 24 Mos Bank Stmts Minimum Loan Amount $300,000 $1,000,000 $1,000,001-,000 720 90% FICO 700 Maximum
Fannie 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
(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
Conforming Balance. Loan Purpose Minimum FICO Units Max LTV Max CLTV Loan Purpose Minimum FICO Units Max LTV Max CLTV
Fannie Mae Program Conforming Balance 1 to 4 Financed Properties (See 5 to 10 Financed Properties on Page 5) Summary Product Types 30yr, 25yr, 15yr and 10yr Fixed 5/1 & 7/1 ARMs For Conforming Loan Amounts,
Maximum LTV/CLTV 3 /HCLTV. Number of Units. Minimum Credit Score 4. Transaction Type 1,2. Principal Residence
ELIGIBILITY MATRIX The Eligibility Matrix provides the comprehensive loan-to-value (LTV) ratios, combined LTV ratios (CLTV), and home equity CLTV ratios (HCLTV) and minimum credit scores (if applicable)
JUMBO 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
PRIMARY RESIDENCE PURCHASE & RATE/TERM REFINANCE PRIMARY RESIDENCE CASH-OUT REFINANCE SECOND HOME PURCHASE AND RATE/TERM REFINANCE
PRIMARY RESIDENCE PURCHASE & RATE/TERM REFINANCE Property Type Max. Loan mount Max. LTV Max. CLTV/HCLTV Min. FICO 1-Unit, PUD $679,650 85% N/A 760 Warrantable Condo $679,650 80% 90% 680 PRIMARY RESIDENCE
CONFORMING PRODUCTS: Eligible on Mammoth, Acadia, Cascades and Yosemite. ARM Rate ( Purchase & Rate/Term Refinances)-Fannie Mae DU
CONFORMING PRODUCTS: Eligible on Mammoth, Acadia, Cascades and Yosemite Fixed Rate (Purchase & Rate/Term Refinances) Fannie Mae DU Occupancy Owner Occupied Second Home Investment Property Property Type
NON-CONFORMING (Jumbo) PRODUCT GUIDELINES (501 Product Code)
NON-CONFORMING (Jumbo) PRODUCT GUIDELINES (501 Product Code) Table of Contents PROGRAM MATRICES... 1 Primary Residence - Purchase and Rate/Term Refinance... 1 Primary Residence Cash Out Refinance 1...
The Way to Greater Efficiency. Correspondent Lending
The Way to Greater Efficiency Correspondent Lending High-level service and partnership that uniquely leverages technology, processes and people to ensure effi cient and timely loan purchases Meeting the
RATE SHEET # 0.000% 0.750% 0.750% 0.500% 0.250% 0.250% 0.500% 1.250% 1.500% 2.750% 2.750% Not Avail 3.000% Not Available 0.750% 1.000% Not Avail.
Retail - Agency & Sonyma Pricing (Fixed Rate Products) Contact the PricingDesk: Phone: 877-563-7115 Fax: 914-785-1102 RATE SHEET # 55 E-mail: PricingDesk@Emigrant.com Effective Date: Prior Day Rate Change
AGENCY CONFORMING & HIGH BALANCE (Fannie Mae DU) BORROWER PAID
AGENCY CONFORMING & HIGH BALANCE (Fannie Mae DU) BORROWER PAID 30 & 25 Year Fixed Agency DU (DU30, DU25) 20 Year Fixed Agency DU (DU20) 15 & 10 Year Fixed Agency DU (DU15, DU10) 4.750 107.140 107.029 106.957
Premier Jumbo Loan Guidelines
The following guidelines apply to all DIRECTORS MORTGAGE s Premier Jumbo loan programs. All loans must adhere to the criteria of these guidelines or the individual loan programs. DIRECTORS MORTGAGE may,
PREMIER JUMBO PROGRAM GUIDE
\ PREMIER JUMBO PROGRAM GUIDE This document is provided for approved loan sellers only and may not be copied, distributed or disclosed to any other party. All terms herein are subject to change by FundLoans
Fannie 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
PRIMARY RESIDENCE PURCHASE FIXED 5/1 & 7/1 ARM 10/1 ARM
PRIMARY RESIDENCE PURCHASE FIXED Property Type Max. Loan mount Max. LTV Max. CLTV/HCLTV Min. FICO $1,000,000 85% (1) N/A 760 $1,500,000 80% 80% 720 1 Unit $2,000,000 75% 75% 720 PUD, Condo $1,000,000 70%
PRODUCT 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,
Michigan Mutual Inc. > Home
Page 1 of 14 HOME CLIENT SIGN UP RATES/GUIDELINES RESOURCES CONTACT US CAREERS Online Mortgage Payments Click here. Sign Up For Email Rates & Announcements Email Address SIGNUP> Underwriting Turn Times
Conforming 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
10, 15, 20, 25 & 30 YR Fixed Rates
Agency Correspondent Lending Fannie Mae Standard Fixed Rate and ARM Product Profile excludes: DU Refi Plus, High-Balance, HomeStyle Renovation and MyCommunity Mortgage ELIGIBILITY MATRIX & SUMMARY GUIDELINES