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Matrix: FHA / VA / Government
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Stearns Lending LLC NATION WIDE except: N Y
800-350-5363 www.stearnswholesale.com
FHA Purchase Full V V V Y O P 1-4 580 96.5/543 620 96.5/1403 55 0/12 2 3 1 1.75 B 580-599 1-2 unit only
FHAR/TRefi Full V V V Y O R 1-4 620 97.7/1403 55 97. 7 0/12 2 3 1 1.75 B
FHA C/O Conf Full V V V Y O C 1-2 620 85/543 55 85 0/12 2 3 1 1.75 B No C/O in Texas
FHA C/O HB Full V V V Y O C 1-2 620 85/543 55 85 0/12 2 3 1 1.75 B County limits apply
VA Purchase Full V V V Y O P 1-4 620 100/1000 700 100/2000 55 0/12 2 1 3 1 B 1 unit 1.5M 680; 1M 640
VACash-out Full V V V Y O C 1-4 620 100/1000 55 100 0/12 2 1 3 1 B SeeguideforC/Odetail
USDARural Full V V V Y O PR 1 620 100/424 55 0/12 3 1 3 3 1 F Annualfeeapplies
Streamline/IRRRL minimum 640 score; no AVMS! USDA rural areas; seller-paid and lender-paid buydowns available, call for details.
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; F=Fixed Interest Rate; A=Adjustable Rate Mortage (ARM); B=Both
Note: 2017 Fannie Mae/Freddie Mac loan limits: 1 = $424, 100; 2 = $543,000; 3 = $656,350; 4 = $815,650
(AK, Guam, HI & U.S. Virgin Islands = 50% higher)
All parameters on each line are used in combination
with one another — each line represents a specific
loan scenario or credit grade
FICO%/$K %/$K FICO
Ratio
%
30s
in the
Last
Mo
to
%
Ch 7
BK
Disch
Upfront
MI
Max
%
Ch 13
BK
File
Fore
Satis
Short
Sale
Min Yrs Since
Fixed,
ARM,
Both Type I E A 45
I=Income
E=Employment
A=Assets 45=4506
V=Verified S=Stated
DOCUMENTATION
PROGRAM NAME
O
V
N
P
R
C
OCC PURP
#
UNITS COMMENTS
LTV / LOAN AMOUNT COMBINATIONS
CLTV
RATE
DTI
M TG
LATES
BANKRUPTCY/
FORECLOSURE
M TG
INSUR-
ANCE
