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Talk to one of our licensed professionals to assist
you with the right loan. Below is a matrix to help you better
understand available LTV's and maximum loan amounts:
|
Primary
Residence |
|
1 Unit |
$417,000 |
95% |
95% |
80% |
|
2 Units |
$533,850 |
95% |
95% |
80% |
|
3 Units |
$645,300 |
80% |
80% |
75% |
|
4 Units |
$801,950 |
80% |
80% |
75% |
|
Second
Home |
|
1 Unit |
$417,000 |
95% |
95% |
80% |
|
Non-Owner |
|
1 Unit |
$417,000 |
80% |
80% |
80% |
|
2 Units |
$533,850 |
80% |
80% |
80% |
|
3 Units |
$645,300 |
75% |
75% |
70% |
|
4 Units |
$801,950 |
75% |
75% |
70% |
|
Minimum
FICO Requirement
Purchase and Rate and Term
Refinance
1 Unit: Minimum FICO of 620 when
the LTV is greater than 80%.
2 Units: Minimum FICO of 680
when the LTV is greater than
80%.
Cash Out Refinance
Minimum FICO of 680 when the LTV
is greater than 80%. |
Maximum
Debt to Income Ratio:
55%, when the LTV exceeds 80%. |
| Maximum
Cashout:
The maximum cash in hand
permitted is $100,000 for LTVs
exceeding 80%. |
Reserve
Requirements:
Primary Residence and Second
Home Transactions: 2 months PITI
when the LTV exceeds 80% and the
FICO is less than 720.
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