Program highlights.
- Non-occupant co-borrowers eligible
- Up to 50% DTI
Key figures.
- Score from
- 660
- Primary, purchase & rate/term
- LTV up to
- 80%
- at 660+ to $1.5M
- Loans to
- $3.5M
- at 740+ and 70%
Limits by occupancy.
Score · LTV · Loan in each cell, with the tier each needs beneath.
| Occupancy | Purchase & rate/term | Cash-out |
|---|---|---|
| Primary | 660+ score80% LTVloans to $3.5M80% at 660+ to $1.5M; $3.5M at 740+ and 70% | 680+ score80% LTVloans to $2M80% at 680+ to $1M; $2M at 700+ and 70% |
| Second home | 680+ score80% LTVloans to $2M80% at 680+ to $1.5M; $2M at 700+ and 75% | 700+ score75% LTVloans to $1.5M75% at 700+ to $1M; $1.5M at 720+ and 70% |
| Investment | 700+ score75% LTVloans to $2M75% at 700+ to $1.5M; $2M at 700+ and 70% | 700+ score60% LTVloans to $1.5M |
What to know.
- Loan ceiling
- Up to $3.5MPrimary purchase / rate-and-term at 740+ FICO and up to 70% LTV.
- Primary purchase / R&T
- Up to 80% LTVThrough $1.5M at 660, $2M at 700, or $2.5M at 720 FICO.
- Maximum DTI
- 50%AUS and all applicable program requirements still apply.
- Occupancy
- Primary · Second home · InvestmentEach occupancy has its own purchase and cash-out tiers; second-home and investment cash-out split out condos.
- Terms
- 30-year fixedEligible temporary buydown structures are listed separately in the guide.
- Underwriting
- DU or LPAIneligible findings must be due to loan amount only.
- Ways to qualify
- Full docNot offered: bank statements, P&L only, WVOE only, asset utilization, DSCR, ITIN, foreign national and recent credit event.
Documents.
Other programs.
Compare with
Questions brokers ask.
What is the minimum loan amount?
The loan must be at least $1 above the applicable conforming limit. Confirm the property and loan-limit basis before selecting the program.
Can a cash-out use the purchase limit?
No. Primary cash-out has its own tiers to $2M: 80% to $1M at 680+, then 75% to $1.5M and 70% to $2M at 700+. Second-home and investment cash-out limits are lower.
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