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Conforming Home Path to $417,000 (No PMI) 40, 30, 25, 20, 15 and 10-Year Fixed Rates	Back to Program Guidelines
Program Guidelines - Updated: 1/6/2012

MAXIMUM LOAN-TO-VALUE			RISK-BASED ADD-ONS
MAXIMUM LOAN-TO-VALUE			(Added to Points, All Add-Ons are Cumulative)
PROPERTY TYPE	MAX LOAN AMOUNT	MAX LTV (1)	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 (2)
PURCHASE			(Loan Terms Greater Than 15 Years)
SFR/Condo	417,000	95	740+	0.000	0.000	0.000	0.250	0.250	0.250	0.250
2-Unit	533,850	80	720-739	0.000	0.000	0.250	0.500	0.500	0.500	0.500
3-Unit	645,300	75	700-719	0.000	0.500	0.750	1.000	1.000	1.000	1.000
4-Unit	801,950	75	680-699	0.000	0.500	1.250	1.750	1.500	1.250	1.250
SECOND HOME			660-679	0.000	1.000	2.250	2.750	2.750	2.250	2.250
PURCHASE			CONDO (2)
SFR/Condo	417,000	90	(Loan Terms Greater Than 15 Years)
INVESTMENT PROPERTY			ALL	0.000	0.000	0.000	0.750	0.750	0.750	0.750
PURCHASE			2-4 UNITS (2)
SFR/Condo	417,000	90	(All Loan Terms)
2-Unit	533,850	80	ALL	1.000	1.000	1.000	1.000	n/a	n/a	n/a
3-Unit	645,300	75	INVESTMENT PROPERTY (2)
4-Unit	801,950	75	(All Loan Terms)
			ALL	1.500	1.500	1.500	2.000	2.500	2.500	n/a
			NO PMI (2)
			(All Loan Terms)
			ALL	n/a	n/a	n/a	n/a	1.000	1.750	2.500


Notes:
(1) LTV refers to Loan-to-Value, the maximum percentage allowed when the mortgage amount is divided by the property value.
(2) These add-ons are included in the initial rate search.

* Subordinate financing is not allowed on this product.
**Minimum Credit Score of 660 is required
***Property must be designed as a Home Path Eligible loan per Fannie Mae's Home Path website (www.homepath.com)