|
Lender
|
Occupancy
|
Assumable
|
Max
Loan amount
|
MI
Coverage
|
Term
|
Document
Options
|
Temporary
BuyDowns
|
Max
LTV Purchase (Full Doc)
|
Ez
or Lite Doc
|
No
Cash Re-Fi
|
Cash
out Re-fi (Full Doc)
|
Cash
out Re-fi (EZ- Doc)
|
Max
Seller Contribution
|
Recurring
Closing Costs Allowed
|
Down
Payment
|
Pre-pay
Penalty
|
Credit
|
Max
Ratios
|
|
Fannie
or Freddie Standard
|
owner/non
Owner
|
No
|
252,700
|
Yes
78 % LTV
|
40/30/15,
5/1, 10/1, 30, 15
|
Full/Alt/Lit
|
Yes
|
95%
|
.
|
95%
|
80%
|
.
|
>90%
is 3%
|
No
|
Seasoned
Funds
|
No
|
Good
|
33/38
|
|
Freddie
Mac
|
.
|
No
|
252,700
|
Yes
|
15/20/30
YR Fixed
|
Full/Alt
|
Yes
|
97%
|
.
|
95%
|
80%
|
.
|
>90
is 3%
|
No
|
.
|
No
|
700
FICO
|
33/41
|
|
Fannie
Mae
|
.
|
No
|
252,700
|
Yes
|
1
|
Full/Alt
|
Yes
|
97%
|
.
|
95%
|
80%
|
.
|
>90
is 3%
|
No
|
Gift,
Family loan, employer, non-profit
|
No
|
GOOD
|
33/41
|
|
107%
LTV
|
Owner
|
No
|
400,000
|
No
|
30
YEAR
|
Full
|
N/A
|
107%
|
.
|
N/A
|
N/A
|
.
|
>100%
No credits
|
No
|
$0
|
3-yr
pre-pay can be bought down
|
680+FICO
|
45/45
|
|
104%
LTV
|
Owner
|
No
|
300,000
|
Np
|
30
YEAR 5/1 ARM
|
Full
|
No
|
104%
|
.
|
N/A
|
N/A
|
.
|
3%
|
No
|
.
|
Yes
3 Years
|
680
FICO
|
35/40
|
|
100%
LTV high Ratios
|
Owner
|
No
|
.
|
Np
|
2/1,
30/15,3/1
|
Full/Alt
|
No
|
100%
|
.
|
N/A
|
N/A
|
.
|
3%
|
No
|
$0
|
Yes
2 Years
|
Flexible
600 FICO
|
50/50-50/60
Flexible
|
|
100%
Sub Prime
|
Owner
|
No
|
400,000
|
No
|
2/1 30/30
|
Full/Alt
|
No
|
100%
|
.
|
100%
|
100%
Max loan 250,000
|
.
|
3%
|
No
|
N/A
|
Yes
2 Years
|
580
Fico-No forelosures in lsat 36 months
|
40/45
|
|
Targeted
Census Tract 100% LTV
|
Owner
|
No
|
275,000
|
Yes
|
30
Year
|
Full
|
No
|
100%
|
.
|
100%
|
N/A
|
.
|
3%
|
No
|
N/A
|
No
|
660
Fico
|
33/41
|
|
Targeted
Census Tract 97% LTV
|
Owner
|
No
|
252,700
|
Yes
|
30
year fixed
|
Full
|
No
|
97%
|
.
|
97%
|
N/A
|
.
|
3%
|
No
|
1%
from borrowers own funds 2% from gift, grant, etc.
|
No
|
No
FICOS - Good overall credit - excellent ren ratings
|
38/38
45/45 w/ no pmt shock
|
|
FHA
|
Owner
|
Yes
|
LA-214,985.
Ventura - 219,849.
|
Yes
|
Full
|
Full
|
N/A
|
97%
|
.
|
97%
|
N/A
|
.
|
6%
|
Yes
|
Can
be 100% gift
|
No
|
Fair-
Flexible
|
42%
Higher case by case
|
|
VA
|
Owner
|
Yes
|
203,00
|
No
-VA funding fee of 3%
|
30
Year
|
Full
|
N/A
|
100%
|
.
|
100%
|
N/A
|
.
|
5%
|
Yes
|
$0
|
No
|
Flexible
|
41%
- Highercase by case
|
|
P.E.R.S
|
Owner
|
No
|
203,000
|
Yes
|
.
|
Full
|
N/A
|
100%(Dependent
on PERS vesting)
|
.
|
100%
|
N/A
|
.
|
3%
|
No
|
As
little as zero, dependent on PERS Vesting
|
No
|
Good
|
38%
|
|
High
LTV Reduced Doc
|
Owner
|
No
|
Dependent
on program
|
No
|
30
Year
|
No
income "EZ"
|
N/A
|
100%
680+ FICO 95% + FICO 90%+ FICO
|
.
|
N/A
|
N/A
|
.
|
3
- 4%
|
No
|
0
- 15 %
|
.
|
Good
|
.
|
|
Cash
Program
|
Owner
|
No
|
252,700
|
Yes
|
30
year fixed
|
Full
|
N/A
|
95%
|
.
|
N/A
|
N/A
|
.
|
3%
|
No
|
2
% from borrower 3% gift secured/unsecured
|
No
|
Excellent
|
30/40
|
|
Community
97
|
Owner
|
No
|
30
Year
|
Full
|
.
|
N/A
|
N/A
|
.
|
No
|
1%
or $500 whichever is less
|
.
|
600
Credit
|
42%
Back end ratio
|
|||||
|
Community
100
|
Owner
|
No
|
30
Year
|
Full
|
.
|
N/A
|
N/A
|
.
|
No
|
3%
|
.
|
660
Credit
|
41%
Back end ratio
|
|||||
|
Community
100 Plus
|
Owner
|
No
|
30
Year
|
Full
|
.
|
N/A
|
N/A
|
.
|
No
|
1%
or $500 whichever is less
|
.
|
620
Credit
|
41%
Back end ratio
|
|||||
|
Community
2-Family
|
Owner
|
No
|
30
Year
|
Full
|
.
|
N/A
|
N/A
|
.
|
|
No
|
3%
|
.
|
620
Credit
|
35/43
ratios
|
||||
|
Community
3 to 4 Family
|
Owner
|
No
|
30
Year
|
Full
|
.
|
N/A
|
N/A
|
.
|
|
No
|
5%
|
.
|
660
Credit
|
35/43
ratios
|