Cover - Product Matrix Guide - U.S. Bank

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Wholesale Simultaneous HELOC Program Product Purchase / Refinance / Product of Convenience 11/19/2010 USBHM Equiline Home Equity Line of Credit 15 yr draw period 10 yr repayment /amortization Primary 1-2 Unit HTLTV Min FICO Purchase / 70%-85% 720 Cash Out Refi 70%-80% 720
Information pertains to Primary Residence - 1 Unit Properties This matrix does not replace any product and/or agency guidelines. FHLMC FIXED JUMBO CONFORMING This Document is not a Consumer Credit Advertisement and is Intended for Mortgage Broker Use Only. JUMBO Full Doc This information is provided to assist Mortgage Brokers and is not a consumer credit advertisement as defined by Regulation Z. If you would like to obtain information about U.S. Bank products and services, visit usbank.com. Interest rate and program terms are subject to change without notice. 80509084619 Last updated: 10/13/2010 Member FDIC5/25 10/13/2010 Program # 3626/3627 3776/3777 3739 3307/3308/3309 3330/3331/3332 LTV and Loan Amounts TLTV/HTLTV & Combined Loan Amounts Investment Properties See guides. 90% 417,001 to 625,500 80% 625,501 to 729,750 90% to 625,500 80% to 729,750 Loan amounts based on 115% of AMP and MSA location JUMBO FIXED RATE 80% to 650K 75% to 1M 70% to 1.5M 80% to 1M 70% to 1.5M JUMBO I/O FIXED RATE 75% to 650K 70% to 1M 65% to 1.5M 80% to 1M 65% to 1.5M ELITE 3/1, 5/1 & 7/1 ARM 80% to 650K 75% to 1M 70% to 1.5M 80% to 1M 70% to 1.5M USBHM 3/1, 5/1 & 7/1 IO ARM 75% to 650K 70% to 1M 65% to 1.5M 75% to 1M 65% to 1.5M 720 > 70% 720 > 70% 620 for Cash Out 680 ≤ 70% 720 > 70% 680 ≤ 70% 720 > 70% Minimum FICO to manual underwrites 650 ≤ 65% 700 ≤ 70% 650 ≤ 65% 700 ≤ 70% include TLTV not allowed. 720 > $1M 720 > $1M 720 > $1M 720 > $1M Max DTI to LP Determines 45% > 70% 45% > 70% 45% > 70% 45% > 70% include TLTV 50% ≤ 70% 50% ≤ 70% 50% ≤ 70% 50% ≤ 70% LP Accept or LP Accept or DU LP Accept or DU Caution A-Minus LP Accept only LP Accept only Approve Eligible Approve Eligible Underwriting Eligible allowed up to $650k allowed up to $650k allowed up to $650k allowed up to $650k Mortgage Insurance Seller Yes over 80% Not Required Not Required Not Required Not Required Contribution Temporary 3% 6% 6% 6% 6% Buydowns No Yes No No No Second Homes 80% to 625,500 75% to 650K 70% to 650K 75% to 650K 70% to 650K See guides. 70% to 729,750 70% to 1M 65% to 1M 70% to 1M 65% to 1M Purchase - 80% to 625,500 75% to 625,500 Refi - See guides for other LTVs. Not allowed. Not allowed. Not allowed. Not allowed. Total financing greater than $1,000,000 requires two appraisals. 1. Max Cash Out: LTV > 50% to $300,000 and LTV ≤ 50% to $500,000 Properties located in AZ, CA, DC, FL, MI, NV.reduce the LTV and TLTV/HTLTV by an additional 5% (excluding programs 3626/3627). 9
Page 1 and 2: This Document is not a Consumer Cre
Page 3 and 4: Products Available on Web Site Prod
Page 5 and 6: FHLMC Fixed Rate Conforming Program
Page 7 and 8: Product 1001 - 30 Year 1002 - 15 Ye
Page 9: Second Mortgage Programs Product Pu
Page 13 and 14: Product 3776 - 30 Year 3777 - 15 Ye
Page 15 and 16: Product 3307-3/1 ARM 2/6 CAPS 3308-
Page 17 and 18: Product Fully Amortizing 3371-3/1 A
Page 19 and 20: FHLMC Manufactured Housing Program
Page 21: Product Fully Amortizing 3600-30 Ye

Cover - Product Matrix Guide - U.S. Bank

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