Terminology
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FULL/ALTERNATE DOC CHOICE JUMBO

         FULL/ALTERNATIVE DOCUMENTATION           

 Primary residence and second home - purchase and rate/term refinance

Property Type

MAX LTV

MAX CLTV

MAX LOAN AMOUNT

1-2 Units

90% 95% $500,000
Warrantable Low-Rise Condo 80% 95% $650,000

Pud

75% 90% $1,000,000
 

70%

90%

$1,500,000
3-4 Units

Warrantable Mid and High Rise
Condo

80% 90% $500,000
75% 90% $650,000
70% 90% $1,000,000
65% 90% $1,500,000

                                             

  Primary residence and second home - cash out refinance
property type max LTV max LTV max loan amount max cash out
1 and 2 unit

Low-Rise Condo

Pud

80% 80% $650,000 $200,000
70% 80% $1,000,000 $200,000
80% $1,500,000 $200,000
65%

                                            

 

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reference # 5101403153

 

all loan products are subject to change at any time
other restrictions may apply