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									Maitland Mortgage Lending Company
Program 200
Rate Sheet: # 200 Effective Date: 12/10/2007 States: FL, GA, MD 235 S. Maitland Ave. Suite 218, Maitland FL 32751 Tel: 866-653-1003 or (407) 629-LOAN Fax: (407) 629-6485

Unlimited 30's and 60's on Mortgage!!!
Fixed Rate (Standard Property) FICO Score 710+ 680-709 650-679 620-649 590-619 560-589 530 - 559 Max Debt Ratio 55% 55% 55% 55% 55% 55% 55% <=65% 7.725 7.875 8.275 8.575 8.875 9.175 9.775 65.1 - 70% 7.775 7.975 8.375 8.725 8.875 9.325 10.075
+ / - Rate 0.35 0.25 0.60 0.50 0.25 3.75 0.20 0.40 0.75 1.20 Buy Downs 40 : 1 2% Disc. Max Loan Size Adjustments Minimum Loan Size $75,000 < $100,000 $100,000 - $249,999 $250,000 - $450,000 $450,001 + 0.50 0.25 0.00 0.25 Fees: Underwriting Fee $1,300

70.1 - 75% 7.875 8.125 8.475 8.825 9.075 9.425

75.1 - 80% 7.975 8.375 8.625 9.025 9.375 9.875

80.1 - 85% 8.425 8.875 9.275 9.475 9.925 10.375

85.1 - 90% 8.875 9.375 9.875 10.175 10.625

90.1 - 95% 9.675 10.175 10.575 11.075

Interest Rate Adjustments Interest Only 40 Year Amortization Multi-family, 2-4 Units Coop Second Home Investment Property CLTV > 80% High-rise Condo Loans w/o prepayment penalty (exluding MD) Bank Statement

APR Total Fees Cannot Exceed 5% Prepayment Penalty: 3 Year PPP, 6 months interest, (GA 1 yr, 1%) Buy Out Prepay 1st & 2nd Year: 25 BP per year Buy Out Completely: 2% Loan Fee & +0.75 bp in rate Margin Equals Rate Less Index

Rates subject to change without notice. No Section 32 or High Cost Loans Allowed. Mortgage Lender License in Fl and GA (#15892). Max points and fees 5%. This information is for the use of mortgage professionals only. This is not an offer to lend.

Maitland Mortgage Lending Company
Rate Sheet: # 200 Effective Date: 12/21/07 States: FL, GA, MD 235 S. Maitland Ave. Suite 218, Maitland FL 32751 866-653-1003; (407) 629-LOAN Fax (407) 629-6485

Full Documentation and Bank Statement Documentation Primary Residence Type Units LTV (5) CLTV Loan Amount $450,000 $450,000 $450,000 N/A $450,000 $650,000 $550,000 $450,000 $450,000 $450,000 $450,000 $650,000 $550,000 $100,000 No limit No limit No limit No limit No limit Max Cash Out (2,3) FICO (4) FICO (I/O)

95% 90% Purchase & Rate / Term Refinance 1 - 2 Unit 85% 70% 90% 3 - 4 Units 80% 95% 90% Cash Out Refinance 1 - 2 Unit 85% 70% 90% 3 - 4 Units Second Home Purchase & Rate / Term Refinance 90% 1 85% 80% 90% Cash Out Refinance 1 85% 80% 80%

95% 90% 85% 70% 90% N/A 95% 90% 85% 70% 90% N/A

620 590 560 (4) 530 (4) 620 620 620 590 560 530 (4) 660 620

620 620 620 620 620 620 620 620 620 620 660 620

$550,000 N/A $550,000 $550,000 $550,000 N/A $550,000 $550,000 No limit No limit No limit N/A

680 660 620 680 660 620

680 660 620 680 660 620

Investment Property - Not Available on Expanded Fixed Rate Interest Only Purchase & Rate / Term Refinance Cash Out Refinance

1 - 4 Unit

80%

N/A

$550,000

N/A

660

N/A

Not Permitted

(1) First Time Homebuyers are limited to a $550,000 maximum loan amount for primary residence only. (2) Cash to customer at closing is limited to $100,000 for LTV > 90%, which does not include any debts paid at close. (3) Cash to customer > $125,000 requires written explanation and is subject to underwriter discretion. (4) The minimum FICO for self-employed borrowers is 560, even if not the primary wage earner. (5) Debt management and trailing co-borrowers are restricted to 90% LTV. Maximum LTV/CLTV/HCLTV may be affected in Declining Markets per Section 808.

Maitland Mortgage Lending Company
235 S. Maitland Ave. Suite 218, Maitland FL 32751 866-653-1003; (407) 629-LOAN

Full Documentation and Bank Statement

Fax (407) 629-6485

No 90 day lates in the last 12 months. 60 day lates acceptable per credit matrix. Additionally, loans may not be 60 days or more late at the time of credit decision or at any time up to and including loan closing. * Available on all Fixed and ARM products, 5 or 10 year Interest Only term available * 95% Max LTV Interest Only Option * Minimum FICO of 620 * Investment properties not available LTV <= 90% No Limit Cash to Customer LTV > 90% $100k Primary Residence, Second Home, and Investment Properties Fixed I-O Fixed ARM I-O ARM Debt Ratio All Loan Amounts 55% 50% 50% 45% Loan Amount < = 550k none > 550k 2 months PITI on all transactions Investment Properties: 6 months PITI, plus 6 months PITI for each mortgaged investment property held (additional restrictions may apply) Min Score 660 + Reserves Max LTV 80% 1.) Current pay stub covering most recent 30 days, plus prior 2 2.) Verbal verification of employment no more than 30 days proir Wage Earner years' W2s to closing Documentation 1.) Most recent 2 years' signed tax returns 3.) Signed 4506-T at closing Requirements (Full 2.) Documented verification that business is operating ,<= 30 days Doc) Self Employed prior to closing 4.) Additional documentation my be required for FICOs < 620 Wage 2.) Verbal verification of employment no more than 30 days proir Earner Documentation 1.) Most recent 12 months personal bank statements (100%) to closing Requirements 1.) Most recent 12 months personal and business bank 2.) Documented verification that business is operating < 30 days (Bank Statements) Self Employed statements (100%) prior to closing Mortgage History General Program Notes Minimum Credit Requirements FICO < 600

# Trade Lines Required 3 satisfactory - closed or open

>= 600 2 satisfactory >= $1,000 per trade line Delinquent Credit ∙Non-bankruptcy accounts charged off or placed for collections within the past 12 months with balances over $7,500 must be paid off or documented as valid disputes. ∙All judgements and liens must be paid in full, or proof of release. ∙Charge-offs (non bankrupt): Must make every effort to pay off. No cash-out unless paid. Seller Contributions ∙Max seller contribution up to 6% for both primary residence and second homes up to 100% LTV. Bankruptcies ∙ Ch. 7 bankruptcy discharged <= 24 months: Max. LTV is 90% or less per matrix. ∙ Ch. 7 bancruptcy discharged >= 24 months: Standard LTV's apply. ∙ Ch. 13, 12, or 11 discharged: Standard LTV's apply. ∙ 1 Day Seasoning on Refi's. ∙ Borrower must have re-established trade (or pulled through accounts) after BK. No charge-offs, unpaid collections, judgements, tax liens or late mortgage payments after BK. Income Policies ∙ Minimum Disposable Income: Greater of $750 or $200 per family member. ∙ Non-taxable income (e.g., social security) may be grossed up 125%. ∙ Part-time/second job income: Average previous two years. Must be uninterrupted history. ∙ Rental Income: 75% of rents less PITI. Add positive to income; add negative to debts. Proof of ownership required on free and clear properties. ∙ Self employed borrowers require 2 years self employment. Policy ∙Seller carry backs not permitted on non-owner occupied. No seasoning of funds required if down payment < $15,000 and FICO > 560. ∙Subordinate financing up to $750k. Combos not available. ∙First time homebuyer with approved rental history. Max loan amount is $550k.∙ ∙No non-arms legnth transactions, including FSBOs. All Self-Employed borrowers require 560 as borrower or co-borrower. * For Real Estate Professionals Only

Minimum Trade Line History 36 months in bureau 3 trade lines (can be closed + old) 2 trade lines at 12 MR

Minimum Credit Line Amount >= $1,000 per trade line


								
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