Super Conforming to $625,500
Fixed Rate HARP - 30, 25, 20 and 15 Year |
Back to Program Guidelines |
| Program Guidelines - Updated: 12/10/2011 |
| 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 80.01-85 |
LTV 85.01-90 |
LTV 90.01-95 |
LTV 95.01-97 |
LTV 97.01-105 |
LTV 105.01-125 |
|
| PRIMARY RESIDENCE |
|
FICO
SCORE (3) |
|
| NO CASH OUT REFINANCE |
|
(Loan
Terms Greater Than 15 Years) |
|
| SFR/Condo |
625,500 |
125 |
125 |
|
740+ |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
| 2-Unit |
800,775 |
125 |
125 |
|
720-739 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
| 3-Unit |
967,950 |
125 |
125 |
|
700-719 |
0.500 |
0.500 |
0.500 |
0.500 |
0.500 |
0.500 |
|
| 4-Unit |
1,202,925 |
125 |
125 |
|
680-699 |
0.750 |
0.750 |
0.750 |
0.750 |
0.750 |
0.750 |
|
| SECOND HOME |
|
660-679 |
1.750 |
1.750 |
1.750 |
1.750 |
1.750 |
1.750 |
|
| NO CASH OUT REFINANCE |
|
640-659 |
2.250 |
2.250 |
2.250 |
2.250 |
2.250 |
2.250 |
|
| SFR/Condo |
625,500 |
125 |
125 |
|
620-639 |
2.750 |
2.750 |
2.750 |
2.750 |
2.750 |
2.750 |
|
| INVESTMENT PROPERTY |
|
HARP
REFINANCE (3) |
|
| NO CASH OUT REFINANCE |
|
(All
Loan Terms) |
|
| SFR/Condo |
625,500 |
125 |
125 |
|
ALL |
0.000 |
0.000 |
0.000 |
0.500 |
1.000 |
2.000 |
|
| 2-Unit |
800,775 |
125 |
125 |
|
CONDO
(3) |
|
| 3-Unit |
967,950 |
125 |
125 |
|
(Loan
Terms Greater Than 15 Years) |
|
| 4-Unit |
1,202,925 |
125 |
125 |
|
ALL |
0.750 |
0.750 |
0.750 |
0.750 |
0.750 |
0.750 |
|
|
|
|
|
|
2-4
UNITS (3) |
|
|
|
|
|
|
(All
Loan Terms) |
|
|
|
|
|
|
ALL |
1.000 |
1.000 |
1.000 |
1.000 |
1.000 |
1.000 |
|
|
|
|
|
|
INVESTMENT
PROPERTY (3) |
|
|
|
|
|
|
(All
Loan Terms) |
|
|
|
|
|
|
ALL |
3.75 |
3.75 |
3.75 |
3.75 |
3.75 |
3.75 |
|
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|
|
|
|
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|
|
|
|
|
|
SUBORDINATE
FINANCING ADD-ON (4) |
|
|
|
|
|
|
(All
Loan Terms) |
|
|
|
|
|
|
LTV RANGE |
CLTV RANGE |
FICO <720 |
FICO >=720 |
|
|
|
|
|
|
65.01-95% |
90.01-95% |
0.500 |
0.250 |
|
|
|
|
|
|
75.01-95% |
76.01-90% |
0.250 |
0.000 |
|
|
|
|
|
|
Any |
>95% |
1.500 |
1.500 |
|
| Notes: |
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| (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. |
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| (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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