1. FNMA
• Blended ratios with a non-occupant co-borrower. Occupant
borrower must have a minimum contribution of 5% own funds.
• LTV up to 97% - HomeReady, 95% Standard
• Min FICO of 620 with DU Approved/Eligible
• 100% Gift allowed on 1 unit primary residence
conforming loan amount
• No max DTI, follow DU approval
• Up to 10 financed properties on 2nd
homes
and investment properties
• Unlimited financed properties on owner-occupied transactions
• W2 and validation allowed on true wage earners
• No landlord experience required for rental income
• Manufactured homes acceptable
• 1 FICO accepted with AUS approval
• 1 day off the market allowed on rate and term refinance
• Escrow holdback allowed
• ARM programs eligible
FHLMC
• Blended ratios with a non-occupant co-borrower. Occupant
borrower must have a minimum contribution of 5% own funds.
• Streamlined condo review on owner-occupied up to 90% LTV
• Min FICO of 620 with LP Accept
• Max DTI per LP Accept
• W2 and validation allowed on true wage earners
• Gift funds allowed with 5% borrower contribution
• 1 year tax returns for self-employed borrower
per LP allowed
• Manufactured homes acceptable
• Cash-out on 2-4 unit allowed
• 2nd
home cash-out up to 75% LTV
• Escrow holdback allowed
• ARM programs eligible
• 1 FICO accepted AUS approval
• 1 day off market allowed on rate and term refinance
DURP/HARP
• 620 minimum FICO on all occupancies
• Unlimited LTV on owner-occupied, 2nd
homes
and investment properties
• Appraisal wavers accepted
• Max DTI per DU approval
• No seasoning on bankruptcy’s and foreclosures
with AUS approval
• 1 day off market allowed
• Manufactured homes allowed with appraisal
FHA
• FICO down to 620 on full documentation
• Entire down payment as gift allowed
• 1 FICO score allowed with AUS approval
• 620 FICO on owner-occupied streamline
• 620 FICO on ARMs and high balance
• W2 validation only on wage earners
• Can obtain condo approval (DELRAP)
• Escrow holdback allowed
• HUD REO’s
• AUS and manual underwrite
accepted on streamlines
• Non-occupying co-borrowers allowed
• Borrowers with work permits/non-resident aliens allowed
• Manufactured homes allowed
• No AVM or appraisal required on streamlines
OPEN ACCESS
• Minimum 620 FICO on all occupancies
• Unlimited DTI with LP Accept
• Appraisal waiver eligible
• Manufactured homes allowed with appraisal
• No sourcing of deposits or seasoning on assets required
VA
• 100% cash-out available
• FICO down to 620 for IRRRL’s and full documentation
• Manufactured homes allowed
• AUS and manual underwrites accepted on IRRRL’s
• No AVM or appraisal required on IRRRL’s
• W2 validation on wage earners
• Cash back up to $
250K
• Max loan amount up to $
1.5 million
• No max LTV on IRRRL’s unless rebuttal
presumption max LTV 110%
JUMBO
• 700 FICO on owner-occupied transactions
• Cash-out up to $
2 million loan amount
• Purchase and rate and term up to $
2.5 million loan amount
• 2nd
home FICO at 720
WHAT MAKES ANNIEMACWHOLESALE DIFFERENT?
“Empowering Your Success”“Empowering Your Success”
Eric Keeler
Wholesale Account
Executive
Mob: 623.202.1311
ekeeler@anniemacwholesale.com
www.anniemacwholesale.com
NMLS# 338923. This contains business-to-business information which is solely intended for mortgage professionals and is not intended
for consumer use or distribution. This is not an advertisement to extend consumer credit. Programs, rates, terms and conditions are
subject to change without notice.