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
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
USA Direct Funding
CA ID OR WA
888-697-3860
www.usadirectfunding.com
FHA
Full
VVVY O
P
1-4 640 96.5/973
55 100
223
1
1.1
B FHA county limits apply
FHA
Full
VVVY O
R
1-4 640 97.75/973
55 97.75
223
1
1.1
B FHA county limits apply
FHA
Full
VVVY O
C
1-4 640 85/973
55 85
223
1
1.1
B FHA county limits apply
FHA Stream
Full
VVVY O
R
1-4 680 115/973
50 115
223
1
1.1
B If no appraisal; AVM required
VA
Full
VVVY O
P
1-4 640 100/417
55 100
2241.4
B Loan amount/fee will vary
VA
Full
VVVY O
RC 1-4 640 90/417
55 90
224.75
B Loan amount/fee will vary
USDA
Full
VVVY O
P
1 660
102
55
333
. 3
F Exceptions to 640 allowed
USDA Stream
Full
VVVY O
R
1 660
101
55
333
. 3
F Exceptions to 640 allowed
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Please visit us at www.jmaclending.com
for a more concise list of products
and offerings
www.jmaclending.com
1.949.390.2688
