Scotsman Guide - February 2009 Residential Edition

1st M ortgages

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: 2009 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)

V=Verified S=Stated

V R 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

LTV / LOAN AMOUN T
Combinations tied to different scores

Program Name

Comments

877-950-5464

Blue Saphire Investments

NATIONWIDE www.sapphirepricing.com

FNMA 90% Pur. Full V V V Y O P 1-2 680 90/417 55 0/12 90 NA B Y N DU approve eligible

FNMA 90% Pur. Full V V V Y O P 1 680 90/417 55 0/12 90 NA B Y N Manufactured home purchase

NonOwner Full V V V Y N P 1-4 680 80/417 55 0/24 80 NA B Y N Owner/nonowner/secondhome

COMFH Full V V V Y O P 1 680 65/417 55 0/12 65 NA B Y N DUapproveeligible

Jumbo Purch. Full V V V Y O P 1 740 70/1000 36 0/12 70 NA B Y N Call for geographic state res

FNMA 92% Pur. Full V V V Y O P 1-2 700 92/417 55 0/12 90 NA B Y N DU approve eligible

CO Non Owner Full V V V Y O R 1-2 680 80/417 55 0/12 80 NA B Y N DU approve eligible

SecondHome Full V V V Y O P 1-2 680 80/417 55 0/12 80 NA B Y N DUapproveeligible

Submission form 1003 in FNMA 3.2 GFE in PDF. Verified income, assets. Purchase contract. Prelim in PDF format. Appraisal in PDF format. Credit in PDF format. Borrower authorization only.

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

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

NATION WIDE except: AK

40 0/12 95 10 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

N

Y

N

888-247-6427 www.iconwholesale.com

N DU approve eligible

N AUS approve eligible

JMAC Lending Inc.

JMAC Conf

Catalina

Conf. Jumbo

FHA Standard

FHA Jumbo

Del Mar

Full

VVV O PR 1 680

V V V O PR 1-2 700

VVVY O PR 1 700

VVVYO C 1 700

VVVY VN PR 1 660

VVVY O PR 1 620

VVVYO C 1 620

VVV O PR 1 620

VVV O C 1 620

95/417

90/650

90/729

75/729

60/729

97/417

85/729

90/417

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

660 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

Y

N

MortgageClose.com Inc.

NATIONWIDE except: AK IA KS KY ME MS MT NC ND NJ NY OH RI VT WI

714-841-0776 www.jmaclending.com

N Subj. to AUS approval

N New Jumbo Conf.

N Max CO $100K (new Jumbo Conf.)

N New Jumbo Conf.

N Min. FICO of 580

N Min. FICO of 620

N Allows 1 day off the MLS

866-267-7691 b2b.mortgageclose.com

A Paper

Fastrak

Jumbo A

Full

SIVA

Full

SIVA

V V V Y O PR 1-2 620

VVVY O PR 1 700

V V V Y O PR 3-4 620

VVVY O C 1-2 680

VVVY O C 3-4 620

VVVY V PR 1 620

VVVY V C 1 660

V V V Y N PR 1-2 660

SVVY O PRC 1 700

SVVY V PRC 1 700

SVVY N PRC 1 700

V V V Y O PR 1-2 660

V V V Y O PR 1-2 680

S V V Y O PR 1-2 680

95/417

97/417

80/645

90/417

75/645

95/417

90/417

80/417

90/650

80/1000

80/500

95/533

80/801

90/533

75/801

90/533

75/1000

75/1500

75/650

65/1500 660

70/2000

70/1000

60/2000

60/1500 55/2000

65 0/12 95 10 B

65 0/12 97 0 F

65 0/12 80 10 F

55 0/12 90 10 F

55 0/12 75 10 F

50 0/12 95 10 F

50 0/12 90 10 F

50 0/12 90 10 B

50 0/12 75 10 F

45 0/12 90 5 A

45 0/12 80 5 A

N

N SISA is for refinances only

N Streamline doc w 1-year tax OK

N

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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