« matrix: prime first mortgages »
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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 Fannie Mae/Freddie Mac loan limits: 1 unit = $417,000; 2 = $533,850; 3 = $645,300; 4 = $801,950
(AK, Guam, HI & U.S. Virgin Islands = 50% higher)
All parameters on each line are used in combination
with one another — each line represents a specific
loan scenario or credit grade.
Assurity Financial Services LLC NATIONWIDE except: AL AR DC DE HI IA KS LA MA ME MS MT ND NE NH NJ NY PA RI SD VT WA WI WV 866-901-6825 www.assuritywholesale.com
Purchase Full V V V Y OVN P 1-4 660 95/625 50 0/12 NA F N N >80% MI DTI >50 w/ comp factor
Rate/ Term Full V V V Y OVN R 1-4 660 95/625 50 0/12 NA F N N >80% MI DTI >50 w/ comp factor
Cash-Out Full V V V Y OVN C 1-4 660 80/625 50 0/12 NA F N N N/Ois75%maxltv
Experienced conforming lender with industry-leading turn-times, quality service and competitive rates. LTV > 80% requires 720 for MI requirements. DTI > 50% with strong compensating factors by exception
FICO %/$K %/$K %/$K %/$K%/$K FICO
Ratio
%
Mtg
Lates
30s
in the
Last
Mo
to
%
IO
Period
Yrs
Fixed,
ARM,
Both
F/A/B
40-yr
Amort
30-yr
Term
w/Min
Pmt/
Neg
Am
40/30 ARM Interest Only
LTV / LOAN AMOUNT
Combinations tied to different scores
COMMENTS
PRODUC T OPTIONS
CLTV DTI LTV / LOAN AMOUNT
MTG
LATES
#
UNITS
PROGRAM
NAME
Type I E A 45
I=Income
E=Employment
A=Assets 45=4506
V=Verified S=Stated
DOCUMENTATION
O
V
N
P
R
C
OCC PURP
ICON Residential Lenders
AgencyConf Full V V V Y O PR 1 660 95/417
AgencyConf Full V V V Y O PR 1-2 580 80/417
AgencyConf Full V V V Y O PR 3-4 580 75/417
AgencyConf Full V V V Y O C 1 580 80/417
AgencyConf Full V V V Y O C 2-4 580 75/417
AgencyConf Full V V V Y N P 1 580 80/417
AgencyConf Full V V V Y N PR 2-4 580 75/417
AgencyConf Full V V V Y N C 1 580 75/417
AgencyJumbo Full V V V Y O PR 1 720 90/729
AgencyJumbo Full V V V Y O C 1-4 740 60/729
Cash-out not available in TX; foreign nationals and manufactured homes ineligible for all products
NATIONWIDE except: AK NY
0/12 95 NA B
0/12 80 NA B
0/12 75 NA B
0/12 80 NA B
0/12 75 NA B
0/12 80 NA B
0/12 75 NA B
0/12 75 NA B
0/12 90 NA F
0/12 60 NA B
N
N
N
N
N
N
N
N
N
N
888-247-6427
www.iconwholesale.com
N DU Eligible
N DU Eligible
N DU Eligible
N DU Eligible
N DU Eligible
N DU Eligible
N DU Eligible
N DU Eligible
N DU Eligible; Subject to region
N DU Eligible; Subject to region
Nationstar Mortgage LLC
NATIONWIDE except: AK AL DC HI MS
HighBalance Full V V V Y O PR 1 580 80/729 55 0/60 90 NA F
HighBalance Full V V V Y O PR 1 700 90/729 41 0/30 NA F
LTV>80 Full V V V Y O PR 1 680 95/417 700
41 0/60 NA F
LTV>80 Full V V V Y O PR 2 680 95/533 700
41 0/60 NA F
HomePath Full V V V Y V P 1 660 95/417 580 0/60 95 NA F
HomePath Full V V V Y N P 1-2 660 90/417 580 0/60 90 NA F
LTVless80 Full V V V Y O PR 1 580 80/417 55 0/90 NA F
LTVless80 Full V V V Y O RC 2 580 80/533 55 0/90 NA F
Nationstar Mortgage has experienced success by providing exceptional customer service and a wide range of competitive mortgage products since 1997.
95/417
95/533
80/417
80/417
N
N
N
N
N
N
N
N
877-698-7300
www.nationstarmtg.com
N Max loan amt see FNMA county
N Restricted markets; has LTV hit*
N Cannot gross up fixed income
N 2 months’ PITI min required
N Max DTI is 55%
N No appraisal required
N Appraisal required
N Manufactured homes ineligible
*No appraisal required
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 PR 1 680
CF30/CF15 Full V V V Y O C 1 680
CF30/CF15 Full V V V Y V PR 1 680
CF30/CF15 Full V V V Y V C 1 680
CF30/CF15 Full V V V Y N P 1 680
CF30/CF15 Full V V V Y N R 1-4 680
CF30/CF15 Full V V V Y N C 1 680
CF30HB Full V V V Y O PR 1 680
CF30HB Full V V V Y O PR 2-4 680
CF30HB Full V V V Y O C 1-4 680
CF30HB Full V V V Y V PR 1 680
CF30HB Full V V V Y N P 1 680
CF30HB Full V V V Y N P 2-4 680
CF30HB Full V V V Y N R 1-4 680
Mortgage lates determined by DU/LP -- max DTI for LTV >80% is 41%
95/417
85/417
90/417
75/417
80/417
75/417
75/417
80/625
75/1000
75/625
80/625
80/625
75/625
75/625
720 90/625
95 NA
85 NA
90 NA
75 NA
80 NA
75 NA
75 NA
90 NA
75 NA
75 NA
90 NA
85 NA
75 NA
75 NA
N
N
N
N
N
N
N
N
N
N
N
N
N
N
503-496-3140
www.netmoreamerica.com
N Not available in CA
N 2 unit 80%, 3 & 4 unit 75%
N
N
N 2 - 4 units to 75% LTV
N
N
N
N
N
N
N
N
N
2 - 4 units to 70%
County limits apply
County limits apply
County limits apply
County limits apply
County limits apply
County limits apply
County limits apply
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.
