1st Mortgages
… continued
post your loan search matrixes scotsmanguide.com
This matrix should be used to find detailed program criteria for 1st mortgages only. Please consult the Prime Niches matrix for general program/product information or unusual property/loan characteristics.
Note: 2008 FNMA/FHLMC loan limits: 1 unit = $417,000; 2 = $533,850; 3 = $645,300; 4 = $801,950 (AK, Guam, HI & U.S. Virgin Islands = 50% higher)
For certain counties, temporary conforming-loan limits are effective through Dec. 31, 2008. Details: ofheo.gov
LTV / LOAN AMOUN T
Combinations tied to different scores
Program
Name
DOCUMENTATION Mtg PRODUCT OPTIONS
I=Income Lates Interest Only 40/30 ARM
E=Employment Occ Purp #30s Fixed, 40-yr w/Min
A=Assets 45=4506 O P DTI inthe CLTV IO ARM,Amort Pmt/
V=Verified S=Stated VR# Ratio Last to Period Both 30-yr Neg
Type I E A 45 N C Units FICO %/$K %/$K %/$K FICO %/$K %/$K #Mo #YrsF/A/BTerm Am
All parameters on each line are used in combination with one another - each line represents a specific loan scenario or credit grade
Comments
CitiMortgage Inc.
NATIONWIDE
Fixed Rate
Fixed Rate
IO ARM
IO ARM
LIBOR ARM
LIBOR ARM
FHA Fixed
Full
Full
Full
Full
Full
Full
Full
VVVY O
VVVY O
VVVY O
VVVY O
VVVY O
VVVY O
VVVY O
PR 1-2 680
C 1-2 680
PR 1-2 720
C 1-2 680
PR 1 660
C 1-2 680
PR 1-2 620
95/417
85/417
90/417
80/417
95/417
85/417
97/417
0/12 95 NA
0/12 85 NA
0/12 90 10 A
0/12 80 10 A
0/12 95 NA
0/12 85 NA
0/12 97 NA
N
N
N
N
N
N
N
888-987-CITI (2484)
broker.citimortgage.com
N 10-30-yr. loan terms available
N 10-30-yr. loan terms available
N 3, 5, 7 & 10-yr IO periods avail
N 3, 5, 7 & 10-yr IO periods avail
N 3, 5, 7 & 10-yr IO periods avail
N 3, 5, 7 & 10-yr IO periods avail
N 580 Min FICO;10-30-yr tm avail
ICON Residential Capital
AgencyConf Full V V V Y O PR 1-2 620
AgencyConf Full V V V Y O PR 1 620
Flex97 Full V V V Y O PR 1 680
MyCommunity Full V V V Y O PR 1-2 680
MyCommunity Full V V V Y O P 3-4 660
AgencyJumbo Full V V V Y O PR 1 700
AgencyJumbo Full V V V Y O C 1 700
Jumbo Full V V V Y O PR 1-2 660
Jumbo Full V V V Y OV PRC 1 660
Jumbo Full V V V Y O PR 1 660
Jumbo SIVA SIVA S V V Y O PR 1-2 700
Jumbo SIVA SIVA S V V Y O PRC 1-2 700
Cash-out not available in TX; Foreign Nationals ineligible for all products.
95/533
95/417
97/417
97/533
95/801
90/417
75/417
80/650
75/1100
80/650
75/1500
70/700
NATION WIDE except: AK
40 0/12 95 10 B
40 0/12 95 10 B
40 0/12 100 NA B
40 0/12 100 NA B
40 0/12 100 10 B
40 0/12 90 10 F
40 0/12 75 10 F
40 0/12 85 NA F
40 0/12 85 NA F
40 0/12 85 10 F
38 0/12 75 10 B
38 0/12 70 10 B
N
N
N
Y
Y
N
N
N
N
N
N
N
888-247-6427
www.iconwholesale.com
N DU Approve Eligible
N DU Approve Eligible
N DU Approve Eligible
N DU Approve Eligible
N DU Approve Eligible
N DU Approve Eligible
N AUS Approve Eligible
N AUS Approve Eligible
N AUS Approve Eligible
N AUS Approve Eligible
N
N
JMAC Lending Inc.
JMAC Conf
Catalina
Conf. Jumbo
Conf. Jumbo
Conf. Jumbo
FHA Standard
FHA Jumbo
Del Mar
Del Mar
Full
Full
Full
Full
Full
Full
Full
Full
Full
VVV
VVV
VVVY
VVVY
VVVY
VVVY
VVVY
VVV
VVV
O PR 1 680
O PR 1-2 700
O PR 1 700
O C 1 700
VN PR 1 660
O PR 1 620
O C 1 620
O PR 1 620
O C 1 620
95/417
90/650
90/729
75/729
60/729
97/417
85/729
90/417
90/417
MortgageClose.com Inc.
714-841-0776
www.jmaclending.com
Y N Subj. to AUS approval
N N Subj. to AUS approval
660 N N New Jumbo Conf.
N N Max CO $100K (new Jumbo Conf.)
N N New Jumbo Conf.
N N Min. FICO of 580
N N Min. FICO of 620
N N Allows 1 day off the MLS
N N Allows 1 day off the MLS
NATIONWIDE except: AK IA KS KY ME MS ND NJ NY OH RI 866-267-7691
VT WI b2b.mortgageclose.com
AZ CA CO FL HI ID NV OR SC TX UT VA WA
620 90/417 45 1/24 95 10 B
45 0/24 90 10 B
80/729 45 0/12 90 NA B
45 0/12 75 NA B
45 0/12 60 NA B
45 1/12 97 NA F
45 1/12 85 NA F
45 0/24 90 NA F
45 0/24 90 NA F
Full
Full
Full
Full
Full
SISA
Full
Full
Full
SISA
SISA
SISA
SISA
SIVA
SIVA
SIVA
V
V
V
V
V
S
V
V
V
S
S
S
S
S
S
S
Y
Y
Y
Y
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N Streamline
N
N
N
N
N
N
N
N
N
N
APaper V V Y O PR 1-2 660 97/417 95/533 65 0/12 97 10 B
APaper V V Y O PR 1-2 620 95/417 65 0/12 95 10 B
APaper V V Y O PR 3-4 620 80/645 80/801 65 0/12 80 10 F
APaper V V Y O C 1-2 620 90/417 90/533 55 0/12 90 10 B
APaper V V Y O C 3-4 620 75/645 75/801 55 0/12 75 10 F
APaper V S Y O PR 1-2 680 90/417 90/533 50 0/12 90 10 F
APaper V V Y V PR 1 620 95/417 50 0/12 95 10 F
APaper V V Y V C 1 660 90/417 50 0/12 90 10 F
APaper V V Y N PR 1-2 660 90/417 90/533 50 0/12 90 10 F
Express V S Y O PR 1 680 90/417 50 0/12 90 10 B
Express V S Y V PR 1 700 90/417 50 0/12 90 10 B
Express V S Y N PR 1 700 75/417 50 0/12 75 10 F
Express V S Y O C 1 720 75/417 50 0/12 75 10 F
Express V V Y N PR 1-2 720 90/417 90/533 45 0/12 80 NA F
Express V V Y N PR 3-4 720 80/645 80/801 45 0/12 75 NA F
MortgageClose.com Inc. continued
Express V V Y N C 1-2 700 70/417 70/533 45 0/12 70 NA F
LEGEND: P=Purchase; R=Rate and Term Refi; C=Cash-Out Refi; O=Owner Occupied; V=Vacation Home; N=Non Owner Occupied; NINA=No Income, No Asset; SISA=Stated Income, Stated Asset; SIVA=Stated Income, Verified Asset
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details. If you believe data is inaccurate or misrepresented, please e-mail: matrixfeedback@scotsmanguide.com. continued »
