Table: 1 of 2
| Wells Fargo Jumbo Product | ||||
| Purchase & Rate Term Refinance | ||||
| Occupancy | Loan Amount | Min FICO | Units | Max LTV/CLTV |
| Primary | ≤.75 mil | 700 (Fixed Rate) 720 (ARMS) | 1 | 80% |
| 1-2 | 75% | |||
| 2 | 75% | |||
| 3-4 | 70% | |||
| >$750,000–$1,000,000 | 1 | 80% | ||
| 1-2 | 75% | |||
| 2 | 75% | |||
| 3-4 | 70% | |||
| >$1,000,000–$1,500,000 | 1 | 80% | ||
| 1-2 | 75% | |||
| 2 | 75% | |||
| 3-4 | 70% | |||
| >$1,500,000–$2,000,000 | 1 | 80% | ||
| 1-2 | 75% | |||
| 2 | 75% | |||
| 3-4 | 70% | |||
| >$2,000,000-$2,500,000 | 1 | 75% | ||
| 1-2 | 70% | |||
| >$2,500,000-$3,000,000 | 1 | 70% | ||
| 1-2 | 65% | |||
| Second Home | ≤$1,500,000 | 1 | 60% | |
| 1-2 | 80% | |||
| >$1,500,000–$2,000,000 | 1 | 85% | ||
| 1-2 | 80% | |||
| Investment | ≤$2,000,000 | 740 | 1-4 | 60% |
| Cashout Refinance | ||||
| Primary | ≤$750,000 | 720 | 1 | 70% |
| >$750,000–$1,500,000 | 1 | 70% | ||
| >$1,500,000–$2,000,000 | 1 | 65% | ||
| Second Home | ≤$650,000 | 720 | 1 | 60% |
| >$650,000 – $1,500,000 | 1 | 70% | ||
| >$1,500,000– $2,000,000 | 1 | 65% | ||
| Investment | ≤$2,000,000 | 740 | 1-4 | 60% |
Table: 2 of 2
| Product Guidelines | ||||
| Product Variations | ||||
| Fixed | 15, 30 Year | |||
| ARM (Max LTV 80%) | 5/1 ARM, 7/1 ARM 10/1 ARM | |||
| Debt Ratios | ||||
| Max DTI | 50% | |||
| Income Documentation | ||||
| Full Doc | √ | |||
| Assets | ||||
| Full Asset Documentation | √ | |||
Wells Fargo:
Paul J. Chessare, AMP
Cell (217) 494-3015
Direct (217) 547-7318
Paul.Chessare@wellsfargo.com
