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Conforming to $417,000
Fixed Rate -- 40, 30, 25, 20, 15 and 10 Year 		Back to Program Guidelines
Program Guidelines - Updated: 1/6/2012

 

 

MAXIMUM LOAN-TO-VALUE RISK-BASED ADD-ONS
 (Added to Points, All Add-Ons are Cumulative)
PROPERTY TYPE MAX LOAN AMOUNT MAX LTV (1) MAX CLTV (2) FICO LTV          <=60% LTV         60.01-70 LTV         70.01-75 LTV         75.01-80 LTV         80.01-85 LTV         85.01-90 LTV      90.01-95
PRIMARY RESIDENCE FICO SCORE (3)
PURCHASE (Loan Terms Greater Than 15 Years)
SFR/Condo 417,000 95 95 740+ 0.000 0.000 0.000 0.250 0.250 0.250 0.250
2-Unit 533,850 80 80 720-739 0.000 0.000 0.250 0.500 0.500 0.500 0.500
3-Unit 645,300 75 80 700-719 0.000 0.500 0.750 1.000 1.000 1.000 1.000
4-Unit 801,950 75 80 680-699 0.000 0.500 1.250 1.750 1.500 1.250 1.250
NO CASH OUT REFINANCE 660-679 0.000 1.000 2.250 2.750 2.750 2.250 2.250
SFR/Condo 417,000 95 95 640-659 0.500 1.250 2.750 3.000 3.250 2.750 2.750
2-Unit 533,850 80 80 620-639 0.500 1.500 3.000 3.000 3.250 3.250 3.250
3-Unit 645,300 75 80 CASH OUT REFINANCE (3)
4-Unit 801,950 75 80 (All Loan Terms)
CASH OUT REFINANCE 740+ 0.000 0.250 0.250 0.500 n/a n/a n/a
SFR/Condo 417,000 80 80 720-739 0.000 0.625 0.625 0.750 n/a n/a n/a
2-Unit 533,850 75 75 700-719 0.000 0.625 0.625 0.750 n/a n/a n/a
3-Unit 645,300 75 75 680-699 0.000 0.750 0.750 1.375 n/a n/a n/a
4-Unit 801,950 75 75 660-679 0.250 0.750 0.750 1.500 n/a n/a n/a
SECOND HOME 640-659 0.250 1.250 1.250 2.250 n/a n/a n/a
PURCHASE 620-639 0.250 1.250 1.250 2.750 n/a n/a n/a
SFR/Condo 417,000 90 90 CONDO (3)
NO CASH OUT REFINANCE (Loan Terms Greater Than 15 Years)
SFR/Condo 417,000 90 90 ALL 0.000 0.000 0.000 0.750 0.750 0.750 0.750
CASH OUT REFINANCE 2-4 UNITS (3)
SFR/Condo 417,000 75 75 (All Loan Terms)
INVESTMENT PROPERTY ALL 1.000 1.000 1.000 1.000 n/a n/a n/a
PURCHASE INVESTMENT PROPERTY (3)
SFR/Condo 417,000 80 85 (All Loan Terms)
2-Unit 533,850 75 75 ALL 1.750 1.750 1.750 3.000 n/a n/a n/a
3-Unit 645,300 75 75
4-Unit 801,950 75 75 SUBORDINATE FINANCING ADD-ON (4)
NO CASH OUT REFINANCE (All Loan Terms)
SFR/Condo 417,000 75 75 LTV RANGE CLTV RANGE FICO <720 FICO >=720
2-Unit 533,850 75 75 <65% 80.01-95% 0.500 0.250
3-Unit 645,300 75 75 65.01-75% 80.01-95% 0.750 0.500
4-Unit 801,950 75 75 75.01-95% 76.01-95% 1.000 0.750
CASH OUT REFINANCE
SFR/Condo 417,000 75 75
2-Unit 533,850 70 70
3-Unit 645,300 70 70
4-Unit 801,950 70 70
Notes:
(1)  LTV refers to Loan-to-Value, the maximum percentage allowed when the mortgage amount is divided by the property value.
(2) CLTV refers to Combined Loan-to-Value, the maximum percentage allowed when all mortgages on the property (including
       home equity loans and lines of credit) are combined and that total is divided by the property value.
(3)  These add-ons are included in the initial rate search.
(4)  This add-on is not included in the initial rate search because we do not know if you will be subordinating a home equity loan
        or line of credit.  As part of your online application, you will tell us this and new pricing will be provided, if applicable.

 
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