1st Mortgages
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 = $801,950 (AK, Guam, HI & U.S. Virgin Islands = 50% higher)
Program
Name
V=Verified S=Stated
V R Ratio Last to Period Both 30-yr Neg
Type I E A 45 N C Units FICO %/$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
AZ CA CO FL ID IN KY MO MS MT NM NV OK OR SD TX
UT
LTV / LOAN AMOUN T
Combinations tied to different scores
Comments
Oaktree Funding Corp.
ConvAcc Full V V V Y O P 1 620
ConvAcc Full V V V Y O P 1 680
Conventional Full V V V Y OVN PRC 1-4 620
FHA Full V V V Y O PRC 1-4 620
USDARural Full V V V Y O P 1 620
Jumbo Full V V V Y O PRC 1 620
Flex97 Full V V V Y O P 1-4 680
Manufactured Full V V V Y OV PRC 1 620
Access program will allow CLTVs up to 103% -- call for details.
90/417
95/417
90/417
97/363
100/417
70/1000
97/417
95/417
680 95/417
95/363
50
50
50
53
660 90/500
40
45
50
95 NA F
103 NA F
95 NA B
105 NA F
102 NA B
NA B
NA F
NA F
N
N
N
N
N
N
N
N
909-225-7777
www.oaktreefunding.com
N Call for details
N Call for details
N Call for details
N Call for details
N Call for details
N Call for details
N Call for details
N Call for details
Pacific Union Financial
Stated SISA S V S Y ON R 1 700
Stated SISA S V S Y ON R 1 700
Stated SIVA S V V Y ON PRC 1 700
Agency Full V V V Y OVN PRC 1-4 620
FHA Full V V V Y O PRC 1-4 620
Stated SIVA S V V Y ON PRC 1 700
Stated conforming loans up to 90%, conforming/jumbo agency loans, FHA
80/417
80/417
80/417
90/417
97/362
80/417
AK AZ CA CO FL HI ID IL IN MD MI MO MT NV OK OR SC 925-286-1714
SD TX UT VA WA
720 90/417
720 90/417
720 90/417
660 90/729
620 97/729
720 90/417
50 0/24 90 NA F
50 0/24 90 NA F
50 0/24 90 NA F
45 0/12 90 10 B
43 1/12 97 NA B
50 0/24 90 NA F
N
N
N
Y
N
N
N Call for details
N Call for details
N Call for details
N Call for details
N 580 Min FICO up to $362K
N Call for details
Washington Federal Savings
SFROO Full V V V O PRC 90/650
SFROO Full V V V O C 90/650
30-Yr.NOO Full V V V N PRC 70/600
30-Yr.NOO Full V V V N PRC 70/700
30-Yr.NOO Full V V V N PRC 70/850
SecondHome Full V V V V PRC 1 80/700
Please visit our Web site for exact lending areas and program availability in your state.
1
1
1-2
80/700
80/700
75/850
75/850
AZ ID NM NV OR TX UT WA
65/1500
65/1500
75/850 65/1500
NA B
NA B
70 NA F
70 NA F
70 NA F
NA F
N
N
N
N
N
N
206-696-2025
www.washingtonfederal.com
N Portfolio lending guidelines
N Portfolio lending guidelines
N Portfolio lending guidelines
N Portfolio lending guidelines
N Portfolio lending guidelines
N Portfolio lending guidelines
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
Stand Alone 2nds
post your loan search matrixes
scotsmanguide.com
The products in this matrix fall into two categories: • 2nd mortgages closed independently of and at a later date than the 1st mortgage
• 2nd mortgages made at the same time as the 1st but with the 1st made by another lender
2009 FNMA 2nd mortgage loan limits: $208,500 (in AK, HI, Guam and U.S. Virgin Islands: $312,750)
Program
Name
PRODUCT DESCRIPTION
Lump Sum Revolving
(Closed End) Line of Credit
Fixed
Occ
Rate
Pmt
&/or
Amort
ARM Period
F A Yrs
CREDIT
MATCHING PARAMETERS
Can Fund Mortgage
Con- Min New History:
Property Purpose Doc Ratio Score CLTV/Amt Cash-Out
current Loan Value of Lates
Loan Draw Loan See Cash CO w/ Other Amt Seasong in the Last
Term Period Term Legend D/R in Hand Season Lenders’ Months
# Yrs Yrs Yrs OVN Below PRC Type / $K $K Mos 1sts? $K Mos Lates/Mos
All parameters on each line are used in combination with one another - each line represents a specific loan scenario or credit grade
Fore:
No CCCs
None
or Bk in Last
in Last Yrs
# Yrs or
CCC/Bk Never
#/# #/N
FIRST-TIME
HOMEBUYER
Restrictions
Old Glory Mortgage Inc.
PA
610-722-0440
2nd FA 30 OV SCT PRC Full
Available in the following counties: Philadelphia, Montgomery, Bucks, Delaware, Chester
40 620
90/500
Y
25
0x24
5
N Y
Washington Federal Savings
AZ ID NM NV OR UT WA
206-696-2025
HELOC 10 25 O S C Full 680 80/250 250 12 25 12
Please visit www.washingtonfederal.com for exact lending areas and program availability in your state.
LEGEND: S=Single-Family Detached; C=Condo; P=Planned Urban Development (PUD); T=Townhouse; R=Rowhouse; 2=Duplex;
3= 3-4;
4=2-4; M=Mobile/Manufactured Doublewide;
P=Purchase; R=Rate and term Refi; C=Cash-Out Refi; O=Owner Occupied; V=Vacation Home; N=Non Owner Occupied
Y
Tell lenders you found them
in Scotsman Guide
Scotsman Guide makes every attempt to ensure the quality of matrix and directory information, which all listed lenders verify or update monthly. Because of the production
cycle and dynamic nature of the industry, loan product terms and availability may not reflect the latest changes. Please contact lenders directly for the most-recent program
details. If you believe data is inaccurate or misrepresented, please e-mail: matrixfeedback@scotsmanguide.com.
