CURRENT TURN TIMES = 24 Hours
  • Registration: 1
  • Underwriting: 1
  • Conditions: 1
  • CD Requests: 1
  • Docs: 1
  • Funding: 1
Times shown in days.

Loan Programs

Conventional Loans

A great alternative to FHA financing with minimal down or refi with Limited equity.

Fannie Mae Conforming and High Balance DU Direct Programs

Download Full Guidelines
Fannie DU Direct and HB DU Direct - Fixed Product

Standard Eligibility Matrix Conforming And High Balance Loan Programs Desktop Underwriter Version 9.3 Excludes: Du Refi Plus, Homestyle Renovation, Manufactured Housing, And Homeready

Print Full Matrix
Primary Residence | Purchase, Rate And Term Refinance & Cash-out Refinance
Transaction Type Units Min FICO Max LTV/CLTV/HCLTV WITHOUT Subordinate Financing Max LTV/CLTV/HCLTV WITH Subordinate Financing
Purchase & Rate and Term Refinance 1 620 97% 1 95%/95%
2 85% 85%/85%
3-4 75% 75%/75%
Cash-Out Refinance 1 80% 80%/80%
2-4 75% 75%/75%
Second Home | Purchase, Rate And Term Refinance & Cash-out Refinance
Transaction Type Units Min FICO Max LTV/CLTV/HCLTV WITHOUT Subordinate Financing Max LTV/CLTV/HCLTV WITH Subordinate Financing
Purchase & Rate and Term Refinance 1 620 90% 90%/90%
Cash-Out Refinance 75% 75%/75%
Investment | Purchase, Rate And Term Refinance, Cash-out Refinance
Transaction Type Units Min FICO Max LTV/CLTV/HCLTV WITHOUT Subordinate Financing Max LTV/CLTV/HCLTV WITH Subordinate Financing
Purchase 1 620 85% 85%/85%
2-4 75% 75%/75%
Purchase & Rate and Term Refinance 1-4 75% 75%/75%
Cash-Out Refinance 1 75% 75%/75%
2-4 70% 70%/70%
Fannie DU Direct and HB DU Direct - ARM Product

Standard Eligibility Matrix Conforming And High Balance Loan Programs Desktop Underwriter Version 9.3 Excludes: Du Refi Plus, Homestyle Renovation, Manufactured Housing, And Homeready

Print Full Matrix
Primary Residence | Purchase, Rate And Term Refinance & Cash-out Refinance
Transaction Type Units Min FICO Max LTV/CLTV/HCLTV WITHOUT Subordinate Financing Max LTV/CLTV/HCLTV WITH Subordinate Financing
Purchase & Rate and Term Refinance 1 620 90% 90%/90%
2 75% 75%/75%
3-4 65% 65%/65%
Cash-Out Refinance 1 75% 75%/75%
2-4 65% 65%/65%
Second Home | Purchase, Rate And Term Refinance & Cash-out Refinance
Transaction Type Units Min FICO Max LTV/CLTV/HCLTV WITHOUT Subordinate Financing Max LTV/CLTV/HCLTV WITH Subordinate Financing
Purchase & Rate and Term Refinance 1 620 80% 80%/80%
Cash-Out Refinance 65% 65%/65%
Investment | Purchase, Rate And Term Refinance, Cash-out Refinance
Transaction Type Units Min FICO Max LTV/CLTV/HCLTV WITHOUT Subordinate Financing Max LTV/CLTV/HCLTV WITH Subordinate Financing
Purchase 1 620 75% 75%/75%
2-4 65% 65%/65%
Purchase & Rate and Term Refinance 1-4 65% 65%/65%
Cash-Out Refinance 1 65% 65%/65%
2-4 60% 60%/60%

Fannie Mae HomeReady Conforming and High Balance Program

Download Full Guidelines
HomeReady DU Direct-Fixed Product

Standard Eligibility Matrix Conforming And High Balance Fixed Loan Programs Desktop Underwriter Version 9.3

Print Full Matrix
PRIMARY RESIDENCE | PURCHASE, RATE AND TERM REFINANCE
Transaction Type Units Minimum FICO Maximum LTV/CLTV/HCLTV Maximum LTV/CLTV/HCLTV
Purchase & Rate and Term Refinance 1 620 97% 1 105%
2 85%
3-4 75%

Freddie Mac Conforming and High Balance LP Direct Programs

Download Full Guidelines
Freddie LP Direct

4/11/2016

Print Full Matrix
Primary Residence: Purchase and Rate/Term Refinance
Transaction Type Property Type Min LTV/CLTV Min FICO Score
Fixed Rate,
Fixed Period ARM
1 Unit 95% 620 w/ AUS
2-4 Units 80%
Primary Residence: Cash Out Refinance
Transaction Type Property Type Min LTV/CLTV Min FICO Score
Fixed Rate,
Fixed Period ARM
1 Unit 80% 620 w/ AUS
2-4 Units 75%
Secondary Residence: Purchase and Rate/Term Refinance
Transaction Type Property Type Min LTV/CLTV Min FICO Score
Fixed Rate,
Fixed Period ARM
1 Unit 85% 620 w/ AUS
Secondary Residence: Cash Out Refinance
Transaction Type Property Type Min LTV/CLTV Min FICO Score
Fixed Rate,
Fixed Period ARM
1 Unit 75% 620 w/ AUS
Investment Property: Purchase and Rate/Term Refinance
Transaction Type Property Type Min LTV/CLTV Min FICO Score
Fixed Rate,
Fixed Period ARM
1 Unit 85% 620 w/ AUS
2-4 Units 75%
Investment Property: Cash Out Refinance
Transaction Type Property Type Min LTV/CLTV Min FICO Score
Fixed Rate,
Fixed Period ARM
1 Unit 75% 620 w/ AUS
2-4 Units 70%
Freddie/LP Super Conforming

4/11/2016

Print Full Matrix
Primary Residence: Purchase and Rate/Term Refinance
Transaction Type Property Type Min LTV/CLTV Min FICO Score
Fixed Rate,
Fixed Period ARM
1 Unit 95% 620 w/ AUS
2-4 Units 80%
Primary Residence: Cash Out Refinance
Transaction Type Property Type Min LTV/CLTV Min FICO Score
Fixed Rate,
Fixed Period ARM
1 Unit 80% 620 w/ AUS
2-4 Units 75%
Secondary Residence: Purchase and Rate/Term Refinance
Transaction Type Property Type Min LTV/CLTV Min FICO Score
Fixed Rate,
Fixed Period ARM
1 Unit 85% 620 w/ AUS
Secondary Residence: Cash Out Refinance
Transaction Type Property Type Min LTV/CLTV Min FICO Score
Fixed Rate,
Fixed Period ARM
1 Unit 75% 620 w/ AUS
Investment Property: Purchase and Rate/Term Refinance
Transaction Type Property Type Min LTV/CLTV Min FICO Score
Fixed Rate,
Fixed Period ARM
1 Unit 85% 620 w/ AUS
2-4 Units 75%
Investment Property: Cash Out Refinance
Transaction Type Property Type Min LTV/CLTV Min FICO Score
Fixed Rate,
Fixed Period ARM
1 Unit 75% 620 w/ AUS
2-4 Units 70%

Freddie Mac Conforming and High Balance ARM Direct Programs

Download Full Guidelines
Freddie Direct ARM - Conforming

4/10/17

Print Full Matrix
Primary Residence | Purchase, Rate And Term Refinance
Transaction Type Units Minimum FICO Maximum LTV/CLTV/HCLTV WITHOUT Subordinate Financing Maximum LTV/CLTV/HCLTV WITH Subordinate Financing
PuPurchase & No Cash-Out Refinance 1 620 95% 95%/95%
2-4 80% 80%/80%
Cash-Out Refinance 1 80% 80%/80%
2-4 75% 75%/75%
Second Home | Purchase, Rate And Term Refinance
Transaction Type Units Minimum FICO Maximum LTV/CLTV/HCLTV WITHOUT Subordinate Financing Maximum LTV/CLTV/HCLTV WITH Subordinate Financing
Purchase & No Cash-Out Refinance 1 620 85% 85%/85%
Cash-Out Refinance 75% 75%/75%
INVESTMENT PROPERTY | PURCHASE, RATE AND TERM REFINANCE
Transaction Type Units Minimum FICO Maximum LTV/CLTV/HCLTV WITHOUT Subordinate Financing Maximum LTV/CLTV/HCLTV WITH Subordinate Financing
Purchase 1 620 85% 85%/85%
2-4 75% 75%/75%
No Cash-Out 1-4 75% 75%/75%
Cash-Out Refinance 1 75% 75%/75%
2-4 70% 70%/70%
Freddie Direct ARM - Conforming High Balance

4/10/17

Print Full Matrix
Primary Residence | Purchase, Rate And Term Refinance
Transaction Type Units Minimum FICO Maximum LTV/CLTV/HCLTV WITHOUT Subordinate Financing Maximum LTV/CLTV/HCLTV WITH Subordinate Financing
Purchase & No Cash-Out Refinance 1 620 90% 90%/90%
2-4 75% 75%/75%
Cash-Out Refinance 1 75% 75%/75%
2-4 65% 65%/65%
Second Home | Purchase, Rate And Term Refinance
Transaction Type Units Minimum FICO Maximum LTV/CLTV/HCLTV WITHOUT Subordinate Financing Maximum LTV/CLTV/HCLTV WITH Subordinate Financing
Purchase & No Cash-Out Refinance 1 620 80% 80%/80%
Cash-Out Refinance 65% 65%/65%
INVESTMENT PROPERTY | PURCHASE, RATE AND TERM REFINANCE
Transaction Type Units Minimum FICO Maximum LTV/CLTV/HCLTV WITHOUT Subordinate Financing Maximum LTV/CLTV/HCLTV WITH Subordinate Financing
Purchase 1 620 80% 80%/80%
2-4 70% 70%/70%
No Cash-Out 1-4 75% 75%/75%
Cash-Out Refinance 1 65% 65%/65%
2-4 65% 65%/65%

Freddie Mac Home Possible and Home Possible Advantage Programs

Download Full Guidelines
Freddie Home Possible and Home Possible Advantage

Standard Eligibility Matrix Freddie Mac Possible & Home Possible Advantage Desktop Underwriter Version 9.3

Print Full Matrix
PRIMARY RESIDENCE: PURCHASE OR NO CASH-OUT REFINANCE
Home Possible
PROPERTY TYPE MAXIMUM LTV MAXIMUM TLTV MAXIMUM HCLTV
1- to 4-Unit 95% 95% 95%
Manufactured Home See Freddie Mac Guide 5703.3
Home possible Advantage
PROPERTY TYPE MAXIMUM LTV MAXIMUM TLTV MAXIMUM HCLTV
1 Unit 97% 105% N/A