GUILD MORTGAGE COMPANY Loan program cheat sheet. 100% Financing REHAB PROGRAM 97% FINANCING PROGRAMS CONFORMING ARMS NON CONFORMING ARMS

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1 GUILD MORTGAGE COMPANY Loan program cheat sheet Mar % Financing REHAB PROGRAM USDA - Rural Housing FHA 203K Streamline VA 97% FINANCING PROGRAMS CONFORMING ARMS FNMA FLEX Win World FNMA My Community CT My Community Preferred ACE Cal STRS NON CONFORMING FIXED ACE Non Conforming Fixed NON CONFORMING ARMS ACE INTEREST ONLY OPTIONS C T ARMS Gold Preferred FNMA & FNMA My Community Agency Preferred Agency Preferred Government Preferred My Community Preferred FHA High Balance Win World confomring 5/1 ARM FNMA High Balance ACE Non Conforming Fixed Rate FHA FNMA FHLMC GUILD PROPRIETARY PROGRAMS Manufactured Homes FANNIE MAE FHA VA 40 Year Loans FNMA & FNMA My Community

2 100% Financing USDA Rural Housing 100% loan No MI property must be eligible per USDA guidelines income restricitons apply loans will go thru GUS website: if you are in a different state change the ca to your state abbreviation VA loans to $417K can be financed to 100% LTV

3 97% FINANCING OPTIONS Although the investors allow for these programs, FNMA MY COMMUNITY please be sure to check with the MI companies Max LTV to 97%, CLTV to 105%** loans can go thru DU or Manual underwrite can use non traditional credit to qualify can have cash on hand income restrictions apply A 40 year term is available borrower does not have to be a first time homebuyer borrower cannot own any other property 2 units are eligible with restrictions **Community second must meet FNMA guidelines to be sure you can secure MI My Community Preferred Interest only allowed with 620 scores improved pricing follow regular my community guidelines FNMA 97% FLEX Must go thru DU - can do levels I, II, III. Level 2 max is 97%, level 3 max is 95% ratios/reserves-du determined Borrower must have $500 of own funds CAL STRS Borrower must be STRS eligible Several different program choices available: conforming non conforming 80/17 with first and second at the same rate 2 months in reserves required

4 CONFORMING ARM PROGRAMS Win World Conforming ARMS 3/1 and 5/1 available All loans should go thru CLUES Conforming, full doc loans 5/1 ARM has an I/O feature CT Conforming ARMS 3/1, 5/1, 7/1 and 10/1 available Loans can go thru the DU or LP Interest Only feature available with 620 score Minimum score of 580 required ACE Conforming ARMS 5/1, 7/1 and 10/1 available Loans can go thru the DU or LP Interest only feature is not available

5 NON CONFORMING FIXED ACE NON CONFORMING FIXED Manually underwriting only 15 and 30 year fixed LTV to 85% Scores start at 700 Full Doc only

6 REHAB LOAN 203K Streamline pruchase $$ only Loans are run thru DU add up to $35,000 in repairs to your loan amount most repairs are allowed nothing structural cosmetic is allowed, appliances too perfect for REOs Minimum score of 620 required

7 NON - CONFORMING ARM PROGRAMS ACE NON CONFORMING ARMS 5/1, 7/1, 10/1, fully amortized Scores from 700 Maximum LTV 85% Manual Underwriting only owner occupied SFR, Condo and PUD Check the matrices section on My Key for declining markets policy

8 GUILD PROPRIETARY PROGRAMS GOLD PREFERRED Conforming product - 15 & 30 year fixed rate All loans must receive an approval from LP 620 score is required Follow LP findings MI must be ordered from RMIC or MGIC unless in a declining market,then Radian is ok Interest only is not available AGENCY PREFERRED Conforming product - 30 year fixed rate All loans must receive an approval from DU Expanded approvals are not allowed Minimum score of 620 is required Interest Only feature is available FNMA Minimum score of 580 Run thru DU or can be mannually underwritten Manufactured housing is allowed Properties recently off the market are allowed for rate and term FHLMC Run loans thru LP 580 score required GOVERNMENT PREFERRED FHA and VA loans only All loans must go thru the DU and receive an approval No manufactured housing Down Payment assistance programs must be approved by secondary Streamlines are okay Minimum score of 620 is required FHA manual underwrite or DU non traditional credit allowed manufactured housing is allowed FNMA HIGH BALANCE Purchase, Rate and Term and Cash Out DU is allowed Max DTI 45% Scores start at 660 (All borrowers must be minimum score) All occupancy types are allowed FHA HIGH BALANCE Loan amount depends on county Run loans thru DU Ratios: Determined by DU Minimum score of 620 Cash out to 95% if loan amount is $417 and below. Above $417 = 85% LTV Loans greater than $417K to 97% allowed 2 appraisals required if loan greater than $417K, soft market and LTV > 95% Can use down payment assistance with this program