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Table: 1 of 2

Purchase & Rate Term Refinance
Occupancy Loan Amount FICO Units LTV/CLTV Reserves Required
Primary 3.0 mil (20, 25, 30 Year) 2.5 mil (15 Year) 740 1 70% 18 Months
2.0 mil 680 80% 15 Months
1.0 mil 90% 6 Months
1.5 mil 700 1-2 90% 18 Months
80% 15 Months
1.0 mil 680 90% 12 Months
2.0 mil 720 2 75% 12 Months
1.0 mil 700 80% 9 Months
680 70% 6 Months
Second Home 2.5 mil 740 1 60% 18 Months
1.5 mil 720 80% 15 Months
1.0 mil 740 85% 15 Months
720 80% 9 Months
.75 mil 700 70% 6 Months
Investment 2.0 mil 720 1-4 75% 18 Months
1.5 mil 700 12 Months
Cashout Refinance
Primary 2.0 mil 700 1-2 80% 18 Months
1.0 mil 680 80% 12 Months
Second Home 2.0 mil 740 1 60% 24 Months
1.5 mil 740 70% 18 Months
1.0 mil 700 65% 12 Months
Product Guidelines
Product Variations
Fixed  15, 20, 25, 30 Year
ARM (Max LTV 80%)  5/1 ARM, 7/1 ARM 10/1 ARM
Debt Ratios
Max DTI 43%
Income Documentation
Full Doc
Assets
Full Asset Documentation
Gifts
Gifts of Equity
Credit and Housing History
Mortgage History A satisfactory housing payment history is required of each borrower.
o If the borrower(s) has a mortgage in the most recent twenty-four (24) months, a 24-month history reflecting 0X30 must be documented. The mortgage rating may be on the credit report or a VOM. Applies to all borrowers on the loan.
o If the borrower(s) has a rental history in the most recent twenty-four (24) months, a VOR must be obtained reflecting 0X30 in the last twenty-four (24) months.
Bankruptcy Seasoning 4 Years
FC/SS/DIL Seasoning 7 Years

Table: 2 of 2

Product Guidelines
Product Variations
Fixed  15, 20, 25, 30 Year
ARM (Max LTV 80%)  5/1 ARM, 7/1 ARM 10/1 ARM
Debt Ratios
Max DTI 43%
Income Documentation
Full Doc
Assets
Full Asset Documentation
Gifts
Gifts of Equity
Credit and Housing History
Mortgage History A satisfactory housing payment history is required of each borrower.
o If the borrower(s) has a mortgage in the most recent twenty-four (24) months, a 24-month history reflecting 0X30 must be documented. The mortgage rating may be on the credit report or a VOM. Applies to all borrowers on the loan.
o If the borrower(s) has a rental history in the most recent twenty-four (24) months, a VOR must be obtained reflecting 0X30 in the last twenty-four (24) months.
Bankruptcy Seasoning 4 Years
FC/SS/DIL Seasoning 7 Years

New Rez:

Sarah DcDowell
Direct: 318-502-2255
[email protected]

Loan Coordinator:

Patricia Lantz
337-412-7096
[email protected]

Scenario Desk:

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

Thanks!

Let's talk! 800-459-7512