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| INVESTMENT PROPERTY (NON-OWNER OCCUPIED) | |||||||||||
| TEXAS NON-CONFORMING PURCHASE MONEY PROGRAMS | |||||||||||
| This matrix is for the intended use of real estate professionals only. APR and Loan Program Disclosures are available upon | |||||||||||
| request. Rates are subject to change without notice. The scenarios reflected are based on amorization periods of 30 years. | |||||||||||
| Prepayment penalties may be applicable (see Loan Program Disclosures for futher details). | |||||||||||
| APPLICABLE TO PROPERTIES WITH 1 UNIT (SINGLE FAMILY RES.): | |||||||||||
| FULL DOCUMENTATION | STATED DOCUMENTATON | NODOC | |||||||||
| FICO SCORES | MAX LTV | MAX CLTV | I/O OPTION | MAX LTV | MAX CLTV | I/O OPTION | MAX LTV | MAX CLTV | I/O OPTION | ||
| 620 - 639 | 80.00% | 80.00% | YES | N/A | N/A | N/A | N/A | N/A | N/A | ||
| 640 - 659 | 80.00% | 80.00% | YES | N/A | N/A | N/A | N/A | N/A | N/A | ||
| 660 - 679 | 90.00% | 90.00% | YES | 85.00% | 85.00% | YES | N/A | N/A | N/A | ||
| 680 - 699 | 90.00% | 90.00% | YES | 90.00% | 90.00% | YES | N/A | N/A | N/A | ||
| 700 - 719 | 100.00% | 100.00% | YES | 90.00% | 90.00% | YES | 60.00% | 80.00% | YES | ||
| 720+ | 100.00% | 100.00% | YES | 90.00% | 90.00% | YES | 60.00% | 80.00% | YES | ||
| **LTV'S/CLTV'S ABOVE 80.00% CARRY NO PMI. | |||||||||||
| APPLICABLE TO PROPERTIES WITH 2 UNITS (DUPLEX): | |||||||||||
| FULL DOCUMENTATION | STATED DOCUMENTATON | NODOC | |||||||||
| FICO SCORES | MAX LTV | MAX CLTV | I/O OPTION | MAX LTV | MAX CLTV | I/O OPTION | MAX LTV | MAX CLTV | I/O OPTION | ||
| 620 - 639 | 80.00% | 80.00% | YES | N/A | N/A | N/A | N/A | N/A | N/A | ||
| 640 - 659 | 80.00% | 80.00% | YES | N/A | N/A | N/A | N/A | N/A | N/A | ||
| 660 - 679 | 90.00% | 90.00% | YES | 85.00% | 85.00% | YES | N/A | N/A | N/A | ||
| 680 - 699 | 90.00% | 90.00% | YES | 90.00% | 90.00% | YES | N/A | N/A | N/A | ||
| 700 - 719 | 95.00% | 95.00% | YES | 90.00% | 90.00% | YES | 60.00% | 80.00% | YES | ||
| 720+ | 95.00% | 95.00% | YES | 90.00% | 90.00% | YES | 60.00% | 80.00% | YES | ||
| **LTV'S/CLTV'S ABOVE 80.00% CARRY NO PMI. | |||||||||||
| APPLICABLE TO PROPERTIES WITH 3-4 UNITS: | |||||||||||
| FULL DOCUMENTATION | STATED DOCUMENTATON | NODOC | |||||||||
| FICO SCORES | MAX LTV | MAX CLTV | I/O OPTION | MAX LTV | MAX CLTV | I/O OPTION | MAX LTV | MAX CLTV | I/O OPTION | ||
| 620 - 639 | 80.00% | 80.00% | YES | N/A | N/A | N/A | N/A | N/A | N/A | ||
| 640 - 659 | 80.00% | 80.00% | YES | N/A | N/A | N/A | N/A | N/A | N/A | ||
| 660 - 679 | 80.00% | 90.00% | YES | 75.00% | 85.00% | YES | N/A | N/A | N/A | ||
| 680 - 699 | 80.00% | 90.00% | YES | 75.00% | 85.00% | YES | N/A | N/A | N/A | ||
| 700 - 719 | 80.00% | 90.00% | YES | 75.00% | 85.00% | YES | N/A | N/A | N/A | ||
| 720+ | 80.00% | 90.00% | YES | 75.00% | 85.00% | YES | N/A | N/A | N/A | ||
| **LTV'S/CLTV'S ABOVE 80.00% REPRESENT COMBINATION LOANS (ex. 80.00% FIRST LIEN / 10.00% SECOND LIEN / 10.00% DOWNPAYMENT). | |||||||||||
| PLEASE NOTE THAT PROPERTIES WITH MORE THAN 4 UNITS ARE | |||||||||||
| CONSIDERED TO BE COMMMERCIAL TRANSACTIONS. | |||||||||||