Scotsman Guide - December 2010 Residential Edition

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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: 2010 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.

PROGRAM
NAME
Type I E A 45
I=Income
V=Verified S=Stated
DOCUMENTATION
O
V
N
P
R
C
FICO
#
UNI TS

E=Employment
A=Assets 45=4506

OCC PURP

%/$K

Stearns Lending Inc.

%/$K %/$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 AMOUN T

Combinations tied to different scores

PRODUC T OPTIONS
CLTV DTI LTV / LOAN AMOUNT
M TG
LATES

NATIONWIDE except: AK IN KY LA MI MN MO MS ND NY
OH SD
Neg

2000&2300 Full V V V Y O PR 1 620 95/417

2000&2300 Full V V V Y O PR 2 620 80/534

2000&2300 Full V V V Y O PR 3-4 620 75/801

2000&2300 Full V V V Y V PR 1 720 90/417 620

2000&2300 Full V V V Y N PR 1 620 80/417

2000&2300 Full V V V Y N PR 2-4 620 75/801

2000&2300 Full V V V Y O C 1 620 80/417

2000&2300 Full V V V Y O C 2-4 620 75/801

2000&2300 Full V V V Y V C 2-4 620 75/801

2089DURefi+ Full V V V Y O R 1-4 620 105/801

2091HighBal Full V V V Y O P 1 720 90/729 660

2091HighBal Full V V V Y O PR 1 720 90/625 660

2091HighBal Full V V V Y O PR 2-4 740 75/1403

2091HighBal Full V V V Y V PR 1 740 65/729

2091HighBal Full V V V Y N PR 1 740 60/729

2091HighBal Full V V V Y O C 1 740 60/729

2099DURefi+ Full V V V Y O R 1 660 105/625

Jumbo3000-10 Full V V V Y O PRC 1-2 700 80/1000 720

Jumbo3000-10 Full V V V Y O PR 3-4 700 70/1000 720

Cash-out not allowed in Texas; manufactured homes not permitted; LTV > 80% subject to MI-company restrictions

7

47

75/801

/4 7

620 75

75

105 0

720 / 9 660

/6 5 6

/140

/ 29

4 60/ 29

6 105/625

00 8 /1000 720

00 70/1000 720

l

l
lV
lV
lV
l VVVY
Full V
lV
lV
lV
lV
Fl V
Fl V
Fl V
Ful V
Ful V
Ful V
Ful V
Ful V Y

80/417

75/729

75

80/2000

70/1500

/2 0

7 /1500

50 0/12 95

50 0/12 80

50 0/12 75

50 0/12 90

50 0/12 80

50 0/12 75

50 0/12 85

50 0/12 75

50 0/12

45 0/12 90

45 0/12 65

45 0/12 60

45 0/12

45 0/12 80

45 0/12 70

10 A
NA B
NA B
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
A
A
NA
NA
NA
NA
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N

COMMENTS

800-350-5363
www.stearnswholesale.com
N PI W to 80%, 720 score for I/O
N PI W to 80%, DU Approve/Elig.

N PI W to 80%, DU Approve/Elig.

N Portfolio for 5-10 financed N Portfolio for 5-10 financed N Portfolio for 5-10 financed N 6 mo seasoning N 6 mo seasoning N 6 mo seasoning N DU Refi Plus Approve/Elig only N FNMA limits, condos 85%

N FNMA limits, condos 85%

N FNMA loan limits N FNMA loan limits N FNMA loan limits N FNMA loan limits N Perm loan limits Refi+ N Prior approval u/w req'd N Prior approval u/w req'd N N N N N N N N N N N N N N N N N

TMSFunding Wholesale

CT GA MA MD NC NH NJ PA SC TN VA

41 0/12 NA

50 0/12 NA

888-371-2989
www.tmsfunding.com
Primary Full V V V O P 1 700 95/417

Venta Wholesale AZ CA CO NV OR TX UT WA 702-481-6220 www.goventa.com Conforming Full V V V Y O PRC 1 680 80/417 45 80 NA B N N FNMAlimitapplies Conforming Full V V V Y O PR 2-4 700 75/729 45 75 NA B N N FNMAlimitapplies Conforming Full V V V Y VN PR 1 720 80/417 45 80 NA B N N FNMAlimitapplies Conforming Full V V V Y N P 2-4 720 75/729 45 75 NA B N N FNMAlimitapplies Conforming Full V V V Y N R 1-4 720 75/729 45 75 NA B N N FNMAlimitapplies Conforming Full V V V Y O C 2-4 680 75/729 45 75 NA B N N FNMAlimitapplies Conforming Full V V V Y VN C 1 720 75/417 45 75 NA B N N FNMAlimitapplies Conforming Full V V V Y N C 2-4 720 70/729 45 70 NA B N N FNMAlimitapplies Conforming Full V V V Y O PR 1 720 95/417 45 95 NA F N N Newprogram Venta sells directly to Freddie Mac. That means no more investor overlays! Purchase loans only in TX. For further details, call Steve at 702-473-1106 or e-mail scenario to slambiris@goventa.com.

N N N N NN N N NN

5

75

02

/1

l

lV lV lV lV Full V lV lV Full V

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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.