NewRez High LTV | Nations Branch

Table 1 of 2

Asset Amortization	Smart Edge & Smart Edge Plus	SmartSelf & SmartSelf Plus Alt Doc
For Borrowers Who:	Are unable to secure tradition- alt lending	Qualify with 12 mo. bank statements
Max LTV	95% P/RT, no MI Plus: 85% w/derog 80% CO, no MI Plus: 80 % w/derog	90% P/RT, no MI 85% Cash Out
Max DTI	50%	50%
W2 Current Paystub	Yes	Optional
Tax Returns – 4506t	Yes	No
Derogatory Credit Seasoning	4yrs (Plus Program: 2-4yrs)	4yrs (Plus Program: 2-4yrs)
Mortgage History	1x30x12 (95% LTV & Plus: 0x30x12)	1x30x12 (Plus Program: 0x30x12)
Asset Amortization	Allowed	Allowed
Max Cash Out	$1M	$1M
Use Cash for Reserves	Yes (Plus Program Only)	Yes (Plus Program Only)
Minimum FICO	620	620
Financed Properties	Up to 15	Up to 15
Loan Terms	Fixed 30,ARM 5/1, 7/1, 10/1 withoptionalInterestOnly;Fixed40InterestOnly(ExcludingSmartVest)	Fixed 30,ARM 5/1, 7/1, 10/1 withoptionalInterestOnly;Fixed40InterestOnly(ExcludingSmartVest)
Pre-Pay Penalty	None	None

Table 2 of 2

Asset Amortization	SmartFunds Asset Qualifier	SmartCondo Non-Warr. Condos & Condotels
For Borrowers Who:	Qualify using eligible assets	Condo doesn’t meet agency guidelines
Max LTV	90% Purch/RT 85% Cash Out	90% Purch/RT (Condotel: 80%) 80% Cash Out (Condotel: Not Permitted)
Max DTI	Not Calculated	45%
W2 Current Paystub	No	Yes
Tax Returns – 4506t	No	Yes
Derogatory Credit Seasoning	BK, FC, SS, DIL: 4yrs	BK, SS, DIL: 4yrs FC: 5yrs
Mortgage History	1x30x12: P/RT 0x30x12: CO	0x30x12
Asset Amortization	Asset Qualification	Allowed
Max Cash Out	$1M	$500k
Use Cash for Reserves	No	No
Minimum FICO	680	660
Financed Properties	Up to 15	Up to 10
Loan Terms	Fixed 30,ARM 5/1, 7/1, 10/1 withoptionalInterestOnly;Fixed40InterestOnly(ExcludingSmartVest)	Fixed 30,ARM 5/1, 7/1, 10/1 withoptionalInterestOnly;Fixed40InterestOnly(ExcludingSmartVest)
Pre-Pay Penalty	None	None