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**Updated 18 Feb 2009**

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Program Number

Program Description

Program Type

Max Loan Amount

Max LTV/ CLTV

Min FICO

Occupancy Types

Purpose

Doc Types

6010

Conforming Fixed (LP)

Conventional/Conforming

Conforming Loan Limit

95 LTV
90 LTV w/sub fin:
95 TLTV - 95 HTLTV2

620

OO/2nd/NOO

P/R&T/CO

Full/Alt (run LP)

6012

Conforming Treasury/LIBOR ARM (LP)

Conventional/Conforming

Conforming Loan Limit

95 LTV
90 LTV w/sub fin:
95 TLTV - 95 HTLTV2

620

OO/2nd/NOO

P/R&T/CO

Full/Alt (run LP)

6016

FHA Traditional Fixed and ARM Purchase

Government

HUD County Limit

96.5

620

OO

P

Full

6050

FHA Traditional Fixed and ARM Refinance

Government

HUD County Limit

97.75

620

OO

R&T/CO

Full

6051

FHA Fixed and ARM Refinance (LP)

Government

HUD County Limit

97.75

620

OO

R&T/CO

Full (run LP)

6052

FHA Streamline Fixed and ARM Refinance (no credit qualifying)

Government

HUD County Limit

N/A

620

OO

R&T

Streamline

6059

FHA Streamline Fixed and ARM Refinance (credit qualifying)

Government

HUD County Limit

N/A

620

OO

R&T

Streamline

6068

FHA Fixed and ARM Purchase (LP)

Government

HUD County Limit

96.5

620

OO

P

Full (run LP)

6073

Conforming 5 and 7 Year Balloon (LP)

Conventional/ Conforming

Conforming Loan Limit

95 LTV
90 LTV w/sub fin:
95 TLTV - 95 HTLTV2

620

OO/2nd/NOO

P/R&T/CO

Full/Alt (run LP)

6087

DU® Interest Only LIBOR ARM

Conventional/ Conforming

Conforming Loan Limit

90%

660

OO/2nd/NOO

P/R&T/CO

Full/Alt (run DU)

6105

VA Traditional

Government

Conforming Loan Limit

100%

620

OO

P

Full

6113

DU

Conventional/ Conforming

Conforming Loan Limit

95% LTV

620

OO/2nd/NOO

P/R&T/CO

Full

6115

Direct 6115

Non-Conforming

$2,000,000

75%

720

OO/2nd/NOO

P/R&T/CO

Full

6120

Direct Community

Conventional/ Conforming

Conforming Loan Limit

90%

620

OO

P/R&T

Full

6138

LP No MI

Conventional/Conforming

Conforming Loan Limit

90%

680

OO

P/R&T

Full/Alt (Run LP)

6140

DU No MI

Conventional/Conforming

Conforming Loan Limit

90%

680

OO

P/R&T

Full/Alt (Run DU)

6147

DU Flex

Conventional/Conforming

Conforming Loan Limit

95%

620

OO

P/R&T

Full

6151

DU FHA Refinance

Government

HUD County
Limit

97.75%

620

OO

R&T/CO

Full/Alt (run DU)

6152

DU FHA Purchase

Government

HUD County
Limit

96.5%

620

OO

P

Full/Alt (run DU)

6154

DU ARM

Conventional/
Conforming

Conforming
Loan Limit

95%

620

OO/2nd/NOO

P/R&T/CO

Full/Alt (run DU)

6158

Direct Possible

Conventional/
Conforming
Conforming
Loan Limit
90%
620
OO
P/R&T
Full (run LP)

6161

DU Fixed Interest Only
Conventional/
Conforming
Conforming
Loan Limit
90%
660
OO/2nd/NOO
P/R&T/CO
Full (run DU)

6167

LP A-minus (Fixed)

Conventional/
Conforming
Conforming
Loan Limit
80%
620
OO/2nd/NOO
P/R&T/CO
Full (run LP)

6176

VA IRRRL (Interest Rate Reduction Refinance Loan)

Government
Conforming
Loan Limit
100%
620
OO
R&T
Full

6178

VA DU Purchase

Government

Conforming Loan Limit

100%

620

OO

P

Full

6179

VA DU Refinance

Government

Conforming Loan Limit

90%

620

OO

CO

Full

6185

DU Super Conforming Fixed

Conventional
HUD County
Limit
90% OO
80% 2nd
75% NOO
660
OO/2nd/NOO
P/R&T/CO
Full

6186

DU Super Conforming Arm

Conventional
HUD County
Limit
90% OO
80% 2nd
75% NOO
660
OO/2nd/NOO
P/R&T/CO
Full

6187

LP Super Conforming Fixed

Conventional
HUD County
Limit
90% OO
80% 2nd
75% NOO
660
OO/2nd/NOO
P/R&T/CO
Full

6188

LP Super Conforming Arm

Conventional
HUD County Limit
90% OO
80% 2nd
75% NOO
660
OO/2nd/NOO
P/R&T/CO
Full

6189

LP High Balance Fixed FHA

Government
HUD County Limit
96.5%
620
OO
P/R&T/CO
Full

6190

LP High Balance ARM FHA

Government
HUD County Limit
96.5%
620
OO
P/R&T/CO
Full

6191

DU High Balance Fixed FHA

Government
HUD County Limit
96.5%
620
OO
P/R&T/CO
Full

6192

DU High Balance ARM FHA

Government
HUD County Limit
96.5%
620
OO
P/R&T/CO
Full

6197

VA Jumbo Purchase

Government

VA County Limit

100%

620

OO

P

Full

6198

VA Jumbo Refinance

Government

VA County Limit

90%

660

OO

CO5

Full

6199

FHA $100 Down

Government
HUD County Limit
$100 Down Payment
620
OO
P
Full

6202

LP A-minus (ARM)

Conventional/
Conforming
Conforming
Loan Limit
80%
620
OO/2nd
P/R&T
Full (run LP)

6205

USDA Rural Housing

Conventional/
Conforming
USDA Limits
100/102%
620
OO
P
Full
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Second Homes
80% Max LTV; 620 Min FICO.
No cash out allowed.

Non-Owner Occupied
75% Max LTV; 720 Min FICO.
No cash out allowed.


*Loan programs subject to change at any time without prior notice.*
2 TLTV must be met with HTLTV maximum. Max cash disbursed at close limited to TLTV.
5 Any non-streamline VA is considered cash out.

NOTE: Values shown are examples of maximums and minimums allowed. Consult Direct Mortgage Loan Program Guidelines for details regarding any specific loan.

 
 
 

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Legend:
OO = Owner Occupied
NOO = Non Owner Occupied or Investment
2nd = Second Home
P = Purchase
R&T = Rate & Term Refinance
CO = Cash Out Refinance
Stated=Stated Income Verified Assets
SISA = Stated Income Stated Asset
NINA = No Income No Asset
NIVA = No Income Verified Asset
Balloon = Balance Due Before End of Amortized Term
No Doc = Income, Assets, & Employment Neither Stated Nor Verified
No Ratio = Income Not Stated, Employment & Assets Verified
FHA = Federal Housing Administration
HUD = Housing & Urban Development, U.S. Department of
DU® = Desktop Underwriter®
LP = Loan Prospector®
FICO® score=Fair Isaac Corporation score or Beacon® score
VA = Veterans Affairs, United States Department of
   
 
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