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LTV CLTVHCLTV 2 by plj11999

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                                                                                              200 - FHLMC
                                                                       CONFORMING FIXED RATE WITH JUMBO OPTION
                                                                           FULL & ALTERNATIVE DOCUMENTATION

                                                                                                MAX LOAN      MINIMUM     CASH         MAX                        MONTHS
                                                                                          2                                                                                 4
                                             UNITS          LTV         CLTV      HCLTV          AMOUNT         FICO       OUT         DTI             MI        RESERVES
                                                                  6                               FHLMC
                                                1           95%          95%        95%                         620          N/A     See Profile   See Profile
                                                                                                   Limit
                O/O Purchase & R/T
                                                                  6                               FHLMC
                   SFR, Condo                   2           80%          80%        80%                         620          N/A     See Profile   See Profile    Per LP™
                                                                                                   Limit
                      & PUD
                                                    7             6                               FHLMC
                                               3-4          75%          75%        75%                         620          N/A     See Profile   See Profile
                                                                                                   Limit

                                      1
                   Second Home
                   Purchase & R/T                                 6                               FHLMC
                                                1           80%          85%        85%                         620          N/A     See Profile   See Profile       2
                    SFR, Condo                                                                     Limit
                       & PUD

                                                                  6                               FHLMC
                                             1-Purch        80%          80%        80%                         620          N/A     See Profile   See Profile
                       N/O/O                                                                       Limit
                  Purchase & R/T                                  6                               FHLMC
                                             1- R&T         75%          75%        75%                         620          N/A     See Profile   See Profile       6
                  1-4 Units,Condo,                                                                 Limit
                       & PUD                         5            6                               FHLMC
                                              2-4           75%          75%        75%                         620          N/A     See Profile   See Profile
                                                                                                   Limit

                          O/O                                     6                               FHLMC
                                  3             1           80%          80%        80%                         620      Unlimited   See Profile   See Profile
                     Cash-Out                                                                      Limit
                                                                                                                                                                  Per LP™
                     SFR, Condo                      7            6                               FHLMC
                                              2-4          75%           75%        75%                         620      Unlimited   See Profile   See Profile
                       & PUD                                                                       Limit

                                      1
                   Second Home
                                                                  6                               FHLMC
                              3                 1          75%           75%        75%                         620      Unlimited   See Profile   See Profile       2
                  Cash-Out SFR,                                                                    Limit
                   Condo & PUD

                          N/O/O                                   6                               FHLMC
                                                1           75%          75%        75%                         620      Unlimited   See Profile   See Profile
                                  3                                                                Limit
                     Cash-Out                                                                                                                                        6
                  1-4 Units, Condo,                               6                               FHLMC
                                               2-4          70%          70%        70%                         620      Unlimited   See Profile   See Profile
                       & PUD                                                                       Limit

             1- Second homes must be suitable for year-round occupancy. No rental income may be used for qualifying.
             2- HCLTV (HELOC CLTV) = first mortgage balance + total HELOC amount (funded + unfunded portion) divided by the lesser of the appraised
                value or sale sprice (if applicable).
             3- Texas - Borrower cannot receive any cash back. Cash out refinances not allowed.
             4- 2-4 Units - If rental income is used to qualify - 6 months PITI cash reserves is required.
             5- 2-4 unit investment properties held in an inter vivos trust are limited to maximum 70% LTV.
             6- Max LTV reduced by 5% if Secondary Financing exists.
             7- Eligible only with an executed Occupancy Declaration.



                                                                                       200 - FHLMC
                                                                                    JUMBO FIXED RATE
                                                                           FULL & ALTERNATIVE DOCUMENTATION
                                             UNITS          LTV         CLTV       HCLTV         AMOUNT        FICO          OUT        DTI            MI        RESERVES 5
                                                1
                                                                                                  FHLMC
                                           Loan Amount      90%3         90%        90%                       LTV/CLTV       N/A        45%        See Profile
                                            <=$625,500                                             Limit
                   O/O Purchase &                                                                             >75% 700
                      4                         1                                                             LTV/CLTV
                  R/T SFR, Condo                                                                  FHLMC                                                           Per LP™
                                           Loan Amount     80% 3         80%        80%                       <75% 680       N/A        45%        See Profile
                      & PUD                 >$625,500                                              Limit

                                                                                                  FHLMC
                                               2-4          75%3         75%        75%                         740          N/A        45%        See Profile
                                                                                                   Limit

                   Second Home 1
                                                                                                  FHLMC
                   Purchase & R/T               1           65%          65%        65%                         740          N/A        45%        See Profile       2
                                                                                                   Limit
                 SFR, Condo, & PUD

                       N/O/O
                  Purchase & R/T                                                                  FHLMC
                                               1-4          65%          65%        65%                         740          N/A        45%        See Profile       6
                  1-4 Units,Condo,                                                                 Limit
                       & PUD

                        O/O
                     Cash-Out                   1           60%          60%        60%         FHLMC Limit     740      Unlimited      45%        See Profile    Per LP™
                 SFR, Condo & PUD

             1- Second homes must be suitable for year-round occupancy. No rental income may be used for qualifying.
             2- HCLTV (HELOC CLTV) = first mortgage balance + total HELOC amount (funded + unfunded portion) divided by the lesser of the appraised
                value or sale sprice (if applicable).
             3- Max LTV reduced by 5% if Secondary Financing exists.
             4- 1-Unit R/T maximum 80%/80% LTV/CLTV for loan amounts >$625,500.

                                                                         All loans must be registered & locked in on-line.
FHLMC_Conform_Fixed_Matrix

								
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