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
LTV / LOAN AMOUN T
Combinations tied to different scores
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 state restrictions
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.
Direct Mortgage Corp.
ConfFix/ARM Full V V V Y O PRC 1-4
ConfFix/ARM Full V V V Y V PR 1
ConfFix/ARM Full V V V Y N PR 1-4
SuperConform Full V V V Y O PRC 1
SuperConform Full V V V Y V PR 1
SuperConform Full V V V Y N PR 1
FHA$100Down Full V V V Y O P 1
FHAPurchase Full V V V Y O P 1-4
FHARefinance Full V V V Y O R 1-4
FHARefinance Full V V V Y O C 1-4
FHAHighBal Full V V V Y O P 1-4
FHAHighBal Full V V V Y O RC 1-4
VAPurch Full V V V Y O P 1-4
VARefi Full V V V Y O RC 1-4
USDARural Full V V V Y O P 1
FHA loan limits vary by county -- please call for more information.
620 95/417
620 80/417
620 75/417
660 90/625
660 80/625
660 75/625
620 100/417
620 96.5/417
620 97.7/417
620 85/417
620 96.5/625
620 97.7/625
620 100/417
620 90/417
620 100/417
ICON Residential Lenders
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
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
NATIONWIDEexcept: AR DC DE IA IN KS KY MA MD ME
MS ND NE NH NJ NY PA RI SD VT WV
55 0/12 100 NA
55 0/12 80 NA
55 0/12 75 NA
45 0/12 90 NA
45 0/12 80 NA
45 0/12 75 NA
55 0/12 100 NA
55 0/12 100 NA
55 0/12 NA
55 0/12 NA
55 0/12 100 NA
55 0/12 NA
41 0/12 100 NA
41 0/12 NA
41 0/12 102 NA
B
B
B
B
B
B
B
B
B
B
B
B
B
B
F
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
801-924-7737
www.DirectMortgage Wholesale.com
N 5% LTV/CLTV reduct declin mkt
N
N
N
N
N
N
N
N
N
N
N
N
N
N
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
N
N
N
Y
Y
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
AZ CA CO HI ID NV OR 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
45 0/24 90 NA F
Y
N
N
N
N
N
N
N
N
714-841-0776
www.jmaclending.com
N Subj. to AUS approval
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
N Allows 1 day off the MLS
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
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.
continued
»
