Program Guidelines

Primary Residence

Purchase
Property Type Max Loan Amount Max LTV1 Max CLTV2 Min FICO
SFR/Condo 424,100 95 95 620
No Cash Out Refinance
Property Type Max Loan Amount Max LTV1 Max CLTV2 Min FICO
SFR/Condo 424,100 95 95 620
Risk-Based Add-OnsAdded to Points or Subtracted from Rebate, All Add-Ons are Cumulative

FICO Score

FICO LTV
80.01-85
LTV
85.01-90
LTV
90.01-95
740+ 0.250 0.250 0.250
720-739 0.500 0.500 0.500
700-719 1.000 1.000 1.000
680-699 1.500 1.250 1.250
660-679 2.750 2.250 2.250
640-659 3.250 2.750 2.750
620-639 3.250 3.250 3.250

Condo

FICO LTV
80.01-85
LTV
85.01-90
LTV
90.01-95
ALL 0.750 0.750 0.750

No Escrow Account3(For Payment of Taxes and Insurance)

FICO LTV
80.01-85
LTV
85.01-90
LTV
90.01-95
ALL 0.250 0.250 n/a
Risk-Based Add-Ons(Added to Closing Costs)

Lender Paid Add-Ons - Purchase

FICO LTV
80.01-85
LTV
85.01-90
LTV
90.01-95
740+ 0.750 1.700 2.050
720-739 0.900 2.100 2.550
700-719 1.000 2.500 3.000
680-699 1.150 3.050 4.050
660-679 1.550 4.150 5.400
640-659 1.700 4.500 5.900
620-639 1.850 4.950 6.600

Lender Paid Add-Ons - Refinance

FICO LTV
80.01-85
LTV
85.01-90
LTV
90.01-95
740+ 0.750 1.700 2.050
720-739 0.900 2.100 2.550
700-719 1.000 2.500 3.000
680-699 1.150 3.050 4.050
660-679 1.550 4.150 5.400
640-659 1.700 4.500 5.900
620-639 1.850 4.950 6.600

Subordinate Financing

LTV RANGE CLTV RANGE FICO <720 FICO >=720
<=75% <=80% 0.375 0.375
<=65% 80.01-95% 0.875 0.625
65.01-75% 80.01-95% 1.125 0.875
75.01-95% 76.01-95% 1.375 1.125

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) You are required to have an escrow account for the payment of taxes and insurance if the LTV ratio on your loan is over 80% (89.99% in California.)

Our most popular program! Because 30 years is the longest term available, the monthly payments will be the lowest of any of the fixed rate programs.