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Table: 1 of 2

Caliber Jumbo Product
Purchase and Rate Term Refinance
Occupancy Loan Amount Units FICO LTV/CLTV
Primary 1.5 mil 1 720 89.99/89.99              Purchase and fixed only
2.5 mil 80/89.99
2.0 mil 700 80/89.99
2.25 mil 75/85
2.5 mil 80/85
1.5 mil 680 70/80
1.5 mil 2-4 720 80/80
1.0 mil 700 75/75
Second Home 1.0 mil 1 720 80/80
1.5 mil 75/75
2.0 mil 70/70
2.5 mil 65/65
Investment 1.5 mil 1 740 65/65
Cashout Refinance
Primary 1.5 mil 1 700 65/65
1.0 mil 720 75/75
2.0 mil 65/65
2.5 mil 55/55
Second Home 1.0 mil 1 740 70/70
1.5 mil 65/65
2.0 mil 60/60
Reserve Requirements Based on Occupancy
Occupancy # of Months PITIA LTV Loan amount
Primary 9 ≤80% 1.5 mil
12 ≤80% 2.0 mil
24 ≤80% 2.5 mil
18 >80 1.0 mil
24 >80 1.5 mil
Second Home 9 ≤75 1.0 mil
12 ≥75% and <80% 1.0 mil
12 ≤75% 1.5 mil
18 ≤75% 2.0 mil
24 ≤75% 2.5 mil
Investment 18 ≤65% 1.5 mil

Table: 2 of 2

Product Guidelines
Product Variations
Fixed  15 and 30 Years
ARM (Max LTV 80%)  5/1 ARM = 2/2/5
7/1 and 10/1 ARM = 5/2/5
Margin/Floor: 2.25%
Index:1 Year Libor
Debt Ratios
Max DTI 45%
Income Documentation
Full Doc
Assets
Full Asset Documentation
Gifts
Gifts of Equity Not Allowed
Credit and Housing History
Mortgage History Subject property and/or each borrower’s current primary residence must have a mortgage/rental history of 0x30 in the most current 24 months as evidenced by a credit report, 24 months of cancelled checks, or an institutional VOM/VOR covering 24 months. Private VOM/VOR is allowed with a 24 month history and the most recent 12 months canceled checks or bank statements.
Bankruptcy Seasoning 7 Years
FC/SS/DIL Seasoning 7 Years

Caliber:

Patty Devita
Direct: 412-260-0185
[email protected]

Loan Coordinator:

Patricia Lantz
337-412-7096
[email protected]

Scenario Desk:

Susanna Carouthers
Direct: 330-338-7785
[email protected]

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