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| Super Conforming to $625,500 30-Year Fixed Rate - Interest Only |
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 <=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 | 70 | 70 | 740+ | 0.000 | 0.000 | n/a | n/a | n/a | n/a | ||
| NO CASH OUT REFINANCE | 720-739 | 0.000 | 0.000 | n/a | n/a | n/a | n/a | |||||
| SFR/Condo | 625,500 | 70 | 70 | 700-719 | n/a | n/a | n/a | n/a | n/a | n/a | ||
| CASH OUT REFINANCE | 680-699 | n/a | n/a | n/a | n/a | n/a | n/a | |||||
| SFR/Condo | 625,500 | n/a | n/a | 660-679 | n/a | n/a | n/a | n/a | n/a | n/a | ||
| SECOND HOME | 640-659 | n/a | n/a | n/a | n/a | n/a | n/a | |||||
| PURCHASE | 620-639 | n/a | n/a | n/a | n/a | n/a | n/a | |||||
| SFR/Condo | 625,500 | 65 | 70 | CONDO (3) | ||||||||
| NO CASH OUT REFINANCE | (All Loan Terms) | |||||||||||
| SFR/Condo | 625,500 | 65 | 70 | ALL | 0.000 | 0.000 | n/a | n/a | n/a | n/a | ||
| INVESTMENT PROPERTY | ||||||||||||
| PURCHASE | ||||||||||||
| SFR/Condo | 625,500 | n/a | n/a | |||||||||
| 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. | ||||||||||||
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