Scotsman Guide - December 2011 Residential Edition

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
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 %/$K %/$K %/$K FICO UNI TS LTV / LOAN AMOUNT COMBINATIONS

E=Employment
A=Assets 45=4506

OCC PURP

Ratio %

30s in the Last %

Ch 7
BK
Disch
Upfront
MI
Max
%

Yearly
MI If
LTV>
____
Ch 13
BK
File
Fore
Satis

Min yrs Since

Fixed, ARM, Both

CLTV
F/A/B
MTG
LATES
BANKRUPTCy/
FORECLOSURE
MTG
INSURANCE

TMSFunding Wholesale

CA CO CT DC DE FL GA IL MA MD ME MI MS NC NH NJ NY PA RI SC TN TX VA VT

50 F

50 A

45 95 F Purchase Full V V V O P 1-4 640 96.5/801

888-371-2989 www.tmsfunding.com Subject to county limits Subject to county limits Subject to county limits Loan amount over $417K

1/1/5 caps-over $417K LP Accept only, no manual UW

COMMENTS

United Wholesale Mortgage

NATIONWIDE except: AK HI NJ NY SD
FHAPurchase Full V V V Y O P 1-4 640 97/417 43 100 0/12 2 1 3 2.25 0

FHARefi Full V V V Y O RC 1-4 640 97/417 43 100 0/12 2 1 3 2.25 0

FHAJumbo Full V V V Y O PR 1-4 660 97/1202 43 100 0/12 2 1 3 2.25 0

FHAJumboC/O Full V V V Y O C 1-4 660 85/729 43 100 0/12 2 1 3 2.25 0

FHA$100Down Full V V V Y O P 1-4 640 99/417 43 100 0/12 2 1 3 2.25 0

FHA3/1ARM Full V V V Y O PRC 1-4 640 97/417 43 100 0/12 2 1 3 2.25 0

FHA5/1ARM Full V V V Y O PRC 1-4 640 97/417 43 100 0/12 2 1 3 2.25 0

Streamline Full V V V Y O R 1-4 640 97/417 55 100 0/12 2 1 3 2.25 0

Manufactured Full V V V Y O PRC 1 700 85/417 43 85 0/12 2 1 3 2.25 0

Discover lending made easy! UWM is a top ten FHA wholesale lender. Close your loans in 10 days or less! www.uwmco.com

800-981-8898
www.uwmco.com
F Closing loans in 10 days!

F Under writing in 48 hours!

F Conditions cleared in 24 hours F CTC today = closing tomorrow F HUD REO program (state spec.)

A Quick & easy paperless AUS A Communicate with UW directly B Ratios 39/55

A Manufactured homes 1990+

USA Direct Funding

CA ID OR WA

55 100

55 97.75

55 85

50 115

55 100

55 90

55

FHA Full V V V Y O P 1-4 640 96.5/973

FHA Full V V V Y O R 1-4 640 97.75/973

FHA Full V V V Y O C 1-4 640 85/973

FHAStream Full V V V Y O R 1-4 680 115/973

VA Full V V V Y O P 1-4 640 100/417

VA Full V V V Y O RC 1-4 640 90/417

USDA Full V V V Y O P 1 660 102

USDAStream Full V V V Y O R 1 660 101

Ask about out exclusive Mortgage Assurance Program available on government loans at no cost to you or your borrower.

2 2 3 1 1.1

2 2 4 1.4

2 2 4.75

333 . 3

888-697-3860
www.usadirectfunding.com
B FHA county limits apply
B FHA county limits apply
B FHA county limits apply
B If no appraisal; AVM required
B Loan amount/fee will vary
B Loan amount/fee will vary
F Exceptions to 640 allowed
F Exceptions to 640 allowed

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