Due diligence heads
PACE loans pack
Volume 17: Issue 4
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Analyzing the numbers:
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Matrix: Prime First Mortgages
Post your loan: ScotsmanGuide.com/LoanPost Search matrix: ScotsmanGuide.com/Prime1st
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: email@example.com.
Stonegate Mortgage Corp. NATION WIDE except: HI NY
855-762-4639 firstname.lastname@example.org tpo.stonegatemtg.com
FNMAFixed Full V V V Y OVN PRC 1-4 620 97/625 0 NA F DUApprove/Eligible
FNMA ARM Full V V V Y OVN PRC 1-4 620 90/625 0 NA A 2/2/5, 5/1 DU Approve/Eligible
FNMA DURP Full V V V Y OVN PRC 1-4 150/625 0 NA B 2/2/5, 5/1 DU Approve/Eligible
Home Style Full V V V Y OVN PRC 1-4 620 95/625 0 NA F DUApprove/Eligible
FHLMCFIXED Full V V V Y OVN PRC 1-4 620 97/625 0 NA F LPAccept
FHLMC ARM Full V V V Y OVN PRC 1-4 620 95/625 0 NA A 2/2/5, 5/1 LP Accept
FHLMC OPEN ACCESS Full V V V Y OVN PRC 1-4 150/625 0 NA B 2/2/5, 5/1 LP Accept
Stonegate Mortgage Corp. is a leading, publicly-traded company that originates, finances and services agency and non-agency residential mortgages. Visit tpo.stonegatemtg.com today.
This matrix should be used to find detailed program criteria for first mortgages only.
Please consult the Prime Niches matrix for other program/product information or unusual property/loan characteristics.
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; I/O=Interest Only; F=Fixed Interest Rate; A=Adjustable Rate Mortgage (ARM); B=Both
All parameters on each line are used in combination
with one another — each line represents a specific
loan scenario or credit grade
Type I E A 45
C FICO %/$K %/$K %/$K FICO
F/A/B ARM Terms
LTV / LOAN AMOUN T
Combinations tied to different scores
DTI LTV / LOAN AMOUNT
DOCUMENTATION M TG
UNITS PROGRAM NAME