Scotsman Guide - July 2009 Residential Edition

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)

DOCUMENTATION PRODUCT OPTIONS

Mtg

I=Income Lates

Interest Only 40/30 ARM

E=Employment Occ Purp

#30s Fixed, 40-yr w/Min

A=Assets 45=4506 DTI CLTV

O P in the IO ARM, Amort Pmt/

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 Comments

All parameters on each line are used in combination with one another - each line represents a specific loan scenario or credit grade

NATIONWIDE except: AK AR DC DE IA IN KS KY MA MD ME 801-924-7737

MS ND NE NH NJ NY PA RI SD VT WV www.DirectMortgageWholesale.com

55 0/12 100 NA B N N

55 0/12 80 NA B N N

55 0/12 75 NA B N N

45 0/12 90 NA B N N

45 0/12 80 NA B N N

45 0/12 75 NA B N N

LTV / LOAN AMOUN T
Combinations tied to different scores

Program Name

Direct Mortgage Corp.

ConfFix/ARM Full V V V Y O P 1 720

ConfFix/ARM Full V V V Y O PRC 1-4 620

ConfFix/ARM Full V V V Y V PR 1 620

ConfFix/ARM Full V V V Y N PR 1-4 620

SuperConform Full V V V Y O PRC 1 660

SuperConform Full V V V Y V PR 1 660

SuperConform Full V V V Y N PR 1 660

FHA loan limits vary by county -- please call for more information.

95/417

90/417

80/417

75/417

90/729

80/729

75/625

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 P 1-2 680

MyCommunity Full V V V Y O P 3-4 680

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

80/801

90/417

75/417

NATION WIDE except: AK

40 0/12 95 10 B

40 0/12 97 NA B

40 0/12 97 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

NetMore America

AL AZ CA CO HI ID IL KS MN MO MT NM NV OK OR TX UT WA WY

CF30/CF15 Full V V V Y O

CF30/CF15 Full V V V Y V

CF30/CF15 Full V V V Y N

CF30HB Full V V V Y O

CF30HB Full V V V Y V

CF30HB Full V V V Y N

DTI and mortgage lates determined by DU/LP

PR 1 680

C 1 680

PR 1 680

C 1 680

P 1 680

R 1-4 680

C 1 680

PR 1 680

PR 2-4 680

C 1-4 680

PR 1 680

P 1 680

P 2-4 680

R 1-4 680

95/417

85/417

90/417

75/417

80/417

75/417

80/625

75/1000

75/625

80/625

75/625

720 90/625

95 NA

85 NA

90 NA

75 NA

80 NA

75 NA

90 NA

75 NA

90 NA

85 NA

75 NA

N

503-496-3140 www.netmoreamerica.com

N 2 unit 95%, 3 & 4 unit 80%

N 2 unit 80%, 3 & 4 unit 75%

N

N 2 - 4 units to 75% LTV

N

2 - 4 units to 70%

County limits apply

Reliant Funding Group

FL PA SC

USDARural Full V V V Y O P 1 620 100 41 0/12 100 NA F

USDA product allows for 100% financing. Unlimited seller contribution. No monthly mortgage insurance. 100% gift allowed. No borrower reserves

N

412-942-1010 www.reliantfundinggroup.com

N < 620 with strong comp factors

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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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.