OWNER OCCUPIED

Detached SFR & Detached PUD only

(No Units, No Condos/Townhomes, No I/O prods)

Purchase / RT / Cash Out1
LTV/CLTV/max cash out

 Low Seasoning2Refi LTV/CLTV/max cash out Minimum
FICO		 Cash Reserves

Maximum
Loan Amount3

80/80/$250k

75/75/$250k

720

2 mos

$750k

80/80/$250k

75/75/$250k

720

6 mos

$1.0M

80/80/$250k

70/70/$250k

720

6 mos

$1.5M

75/80/$250k

65/65/$250k

740

6 mos

$2.0M

70/80/$250k

N/A

760

12 mos

$2.5M

65/80/$250k

N/A

760

12 mos

$3.0M

Notes:

1 All Cash Out refis require 2 full appraisals

2 See Total Seasoning Requirements for more details

3 All loan amounts >$1,500,000 require 2 full appraisals.

SECOND/VACATION HOME

Detached SFR & Detached PUD only

(No Units, No Condos/Townhomes, No I/O prods)

Purchase / RT1
LTV/CLTV

Cash Out
LTV/CLTV/max cash out

Minimum
FICO

Cash Reserves

Maximum
Loan Amount2

80/80

N/A

740

2 mos

$750k

75/80

N/A

740

6 mos

$1.0M

70/80

N/A

740

6 mos

$1.5M

65/80

N/A

740

6 mos

$2.0M

Notes:

1 Minimum 12 months Total Seasoning required for refi of Second/Vacation Home. See Total Seasoning Requirements for more details.

2 All loan amounts > $1,500,000 require 2 full appraisals.