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| Super Conforming to $625,500 Adjustable Rate - 10/1, 7/1, 5/1, and 3/1 |
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 | ||
| PRIMARY RESIDENCE | FICO SCORE (3) | |||||||||||
| PURCHASE | (Loan Terms Greater Than 15 Years) | |||||||||||
| SFR/Condo | 625,500 | 90 | 90 | 740+ | 0.000 | 0.000 | 0.000 | 0.250 | 0.250 | 0.250 | ||
| 2-Unit | 800,775 | 75 | 75 | 720-739 | 0.000 | 0.000 | 0.250 | 0.500 | 0.500 | 0.500 | ||
| 3-Unit | 967,950 | 75 | 75 | 700-719 | 0.000 | 0.500 | 0.750 | 1.000 | 1.000 | 1.000 | ||
| 4-Unit | 1,202,925 | 75 | 75 | 680-699 | 0.000 | 0.500 | 1.250 | 1.750 | 1.500 | 1.250 | ||
| NO CASH OUT REFINANCE | 660-679 | 0.000 | 1.000 | 2.250 | 2.750 | 2.750 | 2.250 | |||||
| SFR/Condo | 625,500 | 90 | 90 | 640-659 | 0.500 | 1.250 | 2.750 | 3.000 | 3.250 | 2.750 | ||
| 2-Unit | 800,775 | 75 | 75 | 620-639 | 0.500 | 1.500 | 3.000 | 3.000 | 3.250 | 3.250 | ||
| 3-Unit | 967,950 | 75 | 75 | CASH OUT REFINANCE (3) | ||||||||
| 4-Unit | 1,202,925 | 75 | 75 | (All Loan Terms) | ||||||||
| CASH OUT REFINANCE | 740+ | 1.000 | 1.250 | 1.250 | n/a | n/a | n/a | |||||
| SFR/Condo | 625,500 | 75 | 75 | 720-739 | 1.000 | 1.625 | 1.625 | n/a | n/a | n/a | ||
| 2-Unit | 800,775 | 65 | 65 | 700-719 | 1.000 | 1.625 | 1.625 | n/a | n/a | n/a | ||
| 3-Unit | 967,950 | 65 | 65 | 680-699 | 1.000 | 1.750 | 1.750 | n/a | n/a | n/a | ||
| 4-Unit | 1,202,925 | 65 | 65 | 660-679 | 1.250 | 1.750 | 1.750 | n/a | n/a | n/a | ||
| SECOND HOME | 640-659 | 1.250 | 2.250 | 2.250 | n/a | n/a | n/a | |||||
| PURCHASE | 620-639 | 1.250 | 2.250 | 2.250 | n/a | n/a | n/a | |||||
| SFR/Condo | 625,500 | 80 | 80 | CONDO (3) | ||||||||
| NO CASH OUT REFINANCE | (Loan Terms Greater Than 15 Years) | |||||||||||
| SFR/Condo | 625,500 | 80 | 80 | ALL | 0.000 | 0.000 | 0.000 | 0.750 | 0.750 | 0.750 | ||
| CASH OUT REFINANCE | 2-4 UNITS (3) | |||||||||||
| SFR/Condo | 625,500 | 65 | 65 | (All Loan Terms) | ||||||||
| INVESTMENT PROPERTY | ALL | 1.000 | 1.000 | 1.000 | n/a | n/a | n/a | |||||
| PURCHASE | INVESTMENT PROPERTY (3) | |||||||||||
| SFR/Condo | 625,500 | 80 | 80 | (All Loan Terms) | ||||||||
| 2-Unit | 800,775 | 70 | 70 | ALL | 1.750 | 1.750 | 1.750 | 3.000 | n/a | n/a | ||
| 3-Unit | 967,950 | 70 | 70 | |||||||||
| 4-Unit | 1,202,925 | 70 | 70 | SUBORDINATE FINANCING ADD-ON (4) | ||||||||
| NO CASH OUT REFINANCE | (All Loan Terms) | |||||||||||
| SFR/Condo | 625,500 | 75 | 75 | LTV RANGE | CLTV RANGE | FICO <720 | FICO >=720 | |||||
| 2-Unit | 800,775 | 70 | 70 | <65% | 80.01-90% | 0.500 | 0.250 | |||||
| 3-Unit | 967,950 | 70 | 70 | 65.01-75% | 80.01-90% | 0.750 | 0.500 | |||||
| 4-Unit | 1,202,925 | 70 | 70 | 75.01-95% | 76.01-90% | 1.000 | 0.750 | |||||
| CASH OUT REFINANCE | ||||||||||||
| SFR/Condo | 625,500 | 65 | 65 | |||||||||
| 2-Unit | 800,775 | 65 | 65 | |||||||||
| 3-Unit | 967,950 | 65 | 65 | |||||||||
| 4-Unit | 1,202,925 | 65 | 65 | |||||||||
| 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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