« matrix: prime niches »
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This matrix should be used to
find general program information/
product types, unusual property or
loan characteristics. Please consult
the Prime 1st Mortgages matrix for
detailed program criteria.
COMPANy NAME
1 Acreage: Max acres on res. property (U=Unlimited)
2 Condo: Non-Fannie Mae/Freddie Mac warrantable
3 Condo: With only 2-3 units
4 Condotels at resort destinations
5 Co-ops
6 Dome homes
7 Land: Purchase of subdivided lot
8 Land: Purchase of undeveloped raw land
9 Log homes
10 Manufactured home (post-1976)
11 Second dwelling on single tax lot
12 Zoning: Non-owner < 5 units: Zoned other than residential
PROPERTy-RELATED ITEMS
123456789101112
13 Aliens/foreign nationals: No green
card, second home
14 Aliens/foreign nationals: No green card,
No-income verifier loans available
16 Corps., trusts, partnerships and LLCs
17 Minimum loan amount
18 Non-owner: More than 10 financed prop-
erties allowed regardless of loan amount
19 Ratio: Combined ratios are allowed
with non-occupant co-borrower
20 Remodel: Conventional at after-
remodel value
MISCELLANEOUS
13 14 15 16 17 18 19 20
PROGRAMS AND OPTIONS
21 Bridge loans
22 Freddie Mac: Loan Prospector (LP)
23 Freddie Mac: Affordable Gold
24 Fannie Mae: Desktop Originator (DO)
25 Fannie Mae: MyCommunityMortgage
26 Fannie Mae: Desktop Underwriter (DU)
27 Govt.: FHA Direct Endorsement
28 Govt.: VA
29 Lock: Longest lock available (number of days)
30 Lock without property address
31 Pledged asset option
32 Reverse mortgages
33 Tenants-in-common ( TIC)
34 Rural property/part-time farm
21 22 23 24 25 26 27 28 29 30 31 32 33 34
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360 Mortgage Group LLC
866-418-2997
www.360mtg.com
Y
50K
YYY60
AZ CA CO GA ID IL IN KS KY LA MI MN MO NC NM OH OK OR TN TX UT WA WY
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Affordable Home Loans
801-565-9300
www.affordableteam.com
U
Y
Y
Y
Y
20K
YY
Y
YYYY
365
Y
CO ID NV UT WY
Each situation is unique and we know it. Send us yours: info@affordableteam.com.
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BofI Federal Bank
888-410-3522
www.bofifederalbank.com
UYYYY
YYYY
Y 300K Y Y
Y
90
Y
YY
NATIONWIDE
Asset-depletion underwriting for income qualification. Pledged-asset and Foreign Nationals program.
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Carrington Mortgage Services LLC
866-453-2400
www.carringtonwholesale.com
Y
NATIONWIDE except: AK AL AR DE HI IL IN LA MA MO ND NH NY OH OK RI SC UT VT
Y
Y
YYY40
FPF Wholesale
www.FollowFPF.com
U
Y
NATIONWIDE except: AK HI MI MO MS ND NY OH
40K
Y
Y
YYY60
Y
LTV > 80% subject to MI-provider guidelines; Jumbo product available; contact branch for details.
Gateway Mortgage Group
817-799-0804
www.gatewayae.com
Y
0
YYY45
AL AR CA FL IA IN KS LA MD MI MO MS NE NM NV OK SC TN TX UT VA WV WY 24-hour UW, submit toclose on your 12-daylock, HVCC Transfers,
Max DTI 50, 2075/PI W per DU, LPMI, Min. FICO 640, Grant programs, scenarios@gatewayae.com.
iApprove Lending
714-775-5353
www.iapprovelending.com
YY
Y
CA
California wholesale lender. One-day reverse-mortgage underwriting. Visit www.iapprovelending.com for your broker application and submission forms.
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ICON Residential Lenders
888-247-6427
www.iconwholesale.com
Y
Y
YY
60
NATIONWIDE except: AK
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10
Y
75K
Y
Y
Y
YY
45
YY
AZ CA ID NV UT WA
Rewarding clients with tier pricing incentives, up to -0.25, expedited services and complimentary extension for Premier Tier clients.
25K
YY
45
NATIONWIDE except: AK AL AR HI IA KY LA MS NM TX WY
One of the nation's leading federal credit unions offering competitive agency and portfolio programs
with attractive MI benefits. Now a HomePath lender for FNMA-owned properties.
New Penn Financial LLC
866-886-9285
www.GoNewPenn.com
YY
Y
NATIONWIDE except: AK AZ HI KS MA MO NV UT WA WI
Y 100K Y
Y
YYY
National mortgage banker specializing in non-agency loans. $100K to $2M. True portfolio programs.
Performance Home Loans
877-999-0799
www.phlwholesale.com
40
Y
Y
Y 50K
Y
Y
Y
YYY60
YY
AZ CA CO CT FL GA IL MA MD MN NC NV OR TN TX UT VA WA WI Check our website at www.phlwholesale.com to see our wide spectrum of products which
include Conforming, FHA/VA, HomePath, DU RefiPlus, 5-10 financed properties as well as LPMI. Contact us at wholesale@phlwholesale.com
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Stearns Lending Inc.
800-350-5363
www.stearnswholesale.com
U
Y
NATIONWIDE except: AK HI MI MO MS ND NY OH
40K
Y
Y
YYY60
Y
LTV > 80% subject to MI-provider guidelines; jumbo products available; contact branch for details;
FNMA HomePath available to 97%; LPMI to 95%, conforming fixed, 680 FICO
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The Funding Pool
866-210-0850
www.fundingpool.net
10
Y
60K
Y
YYY60Y
CO ID U T Locking without property address avaliable with a $400 commitment fee. Broker package can be found at www.fundingpool.net.
