Apex Matrix — FundLoans

Alternative Documentation Program (12 or 24 Months Bank Statements)

Effective Date: 04/22/2026 | V1.1

Apex — Owner Occupied Primary Residence

Maximum LTVs (12 or 24 Months Bank Statements)

Loan Amount	FICO	Purch / RT Refi LTV/CLTV	Cash Out LTV/CLTV
up to $1 MM	740	90	85
	720	85	85
	700	85	80
	680	85	80
	660	80	75
>$1 MM to $1.5 MM	740	85	80
	720	85	80
	700	85	80
	680	80	75
	660	80	75
>$1.5 MM to $2 MM	740	85	75
	720	85	75
	700	80	75
	680	75	70
	660	75	70
>$2 MM to $2.5 MM	720	80	70
	700	75	65
	680	75	65
	660	70	60
>$2.5 MM to $3 MM	720	80	70
	700	75	65
	680	70	65
	660	70	N/A
>$3 MM to $3.5 MM	740	75	65
	720	70	65
	700	65	60
	680	65	60
	660	65	N/A

Super Jumbo — Owner Occupied Primary Residence

Loan Amount	FICO	Purch LTV/CLTV	RT Refi LTV/CLTV	Cash Out LTV/CLTV
>$3.5 MM to $4 MM	760	75	70	65
	720	70	65	60
	700	65	60	55
>$4 MM to $5 MM	760	65	60	55
	720	60	55	50
>$5 MM to $6 MM	760	60	55	50
	720	55	50	45
	700	Case-by-case

Prior to submission review and case-by-case basis only

P&L Only — Owner Occupied Primary Residence

Loan Amount	FICO	Purch / RT Refi LTV/CLTV	Cash Out LTV/CLTV
<$1MM	740	85	80
	700	80	75
	660	80	70
>$1 MM - $1.5 MM	740	80	75
	700	80	70
	680	75	65
	660	80	70
>$1.5MM - $2 MM	740	80	75
	700	80	70
	680	75	65
	660	70	60
>$2 MM - $2.5 MM	700	75	65
	680	70	60
	660	70	N/A
>$2.5 MM to $3 MM	720	75	65
	700	70	60
	680	70	N/A
	660	65	N/A
>$3 MM to $3.5 MM	720	65	N/A
	700	60	N/A

Eligible Borrowers

US Citizens
Permanent Resident Aliens
Non-Permanent Resident Aliens

Bank Statement Restrictions

12 or 24 Months consecutive stmts req'd
Income Method #3 Capped at 80% LTV/CLTV

Asset Allowance

Max LTV 80%
Max 50% DTI
See Guidelines for Formulas

DTI

Up to 50% Max DTI

Reserves

Loan Amount	Months Required*
≤$500k	3 months
>$500k-$1.5MM	6 months
>$1.5MM	9 months

Additional 2 months to above requirement for each addl property financed (max. 12 months)
Non-Occupant Borrower addl 6 months to above requirements
*PITIA for fully amortized and ITIA for I/O

Cash-Out Limits

LTV Threshold	Maximum Cash Out
≤60% LTV	Unlimited
>60% LTV	$1.5MM

Credit Restriction (Based off max LTV)

Event	Lookback Period	LTV Adjustment
Housing Lates	1x30x12	-5% LTV
Housing Event	24mo-48mo	-5% LTV

Program Restrictions

Parameter	Value
Housing (12 mos. Minimum)	0x30x12
Credit Event	48 mo.
Min FICO	660
Max LTV: Purchase & R/T	90
Max LTV: Cash Out	85
Max CLTV	90
Max Loan Amount	$6,000,000
Min Loan Amount	$300,000
Fixed Terms	30yr Fix/ 40 yr Fix (w/ 10 yr IO)
5/6 Mo SOFR ARM (2/1/5 Caps)	6mo. SOFR - 3.75% Margin/Floor
7/6 Mo SOFR ARM (5/1/5 Caps)	6mo. SOFR - 3.75% Margin/Floor

Other LTV/CLTV Limits

Property Type	Max LTV/CLTV
Warrantable Condo	85%
Non-Warrantable Condo	80%
Condotel - Purchase/RT Refi	75%
Condotel - Cash out	65%
I/O max	85%
2-4 unit max	85%
Rural	80%

Preparer hasn't filed 2 yrs returns: -10% LTV
TX 50(a)(6) 5% LTV cut/ not allowed >$3M
<10 acres allowed

See Guidelines For:

Departing Residence req. and reserves
Impounds, High-Cost Loans, & Loan Cost Tolerance
Single Borrower Exposure
Residency Qualifications
Interested Party Contributions
Rural Property Limits
First Time Homebuyer
Departing Residence
Use of Business Funds

Apex — Second Home

Maximum LTVs (12 or 24 Months Bank Statements)

Loan Amount	FICO	Purch / RT Refi LTV/CLTV**	Cash Out LTV/CLTV**
up to $1 MM	700	85	75
	680	80	75
	660	80	70
>$1 MM to $1.5 MM	740	80	75
	720	80	75
	700	80	75
	680	80	75
	660	80	70
>$1.5 MM to $2 MM	740	80	75
	720	80	75
	700	80	70
	680	75	65
	660	70	60
>$2 MM to $2.5 MM	720	75	70
	700	75	65
	680	75	65
	660	65	60
>$2.5 MM to $3 MM	720	80	70
	700	75	65
	680	70	65
	660	65	N/A

Super Jumbo — Second Home

Loan Amount	FICO	Purch LTV/CLTV	RT Refi LTV/CLTV	Cash Out LTV/CLTV
>$3MM to $4MM	760	65	60	55
	720	55	50	50
	700	55	50	45
>$4MM to $5MM	720	60	55	50
	700	50	45	40
>$5MM to $6MM	760	55	50	45
>$3.5 MM to $6 MM	740	Case-by-case
	720	Case-by-case
	700	Case-by-case

Prior to submission review and case-by-case basis only

P&L Only — Second Home

Loan Amount	FICO	Purch / RT Refi LTV/CLTV	Cash Out LTV/CLTV
<$1MM	740	85	75
	700	80	70
	660	80	70
>$1 MM - $1.5 MM	740	80	75
	700	80	70
	660	80	70
>$1.5MM - $2 MM	700	80	70
	680	75	65
	660	70	60
>$2 MM - $2.5 MM	700	75	65
	680	70	N/A
	660	65	N/A
>$2.5 MM to $3 MM	700	70	60
	720	60	N/A
>$3 MM to $3.5 MM	740	Case-by-case
	720	Case-by-case
	700	Case-by-case

Eligible Borrowers — Second Home

US Citizens
Permanent Resident Aliens
Non-Permanent Resident Aliens

DTI — Second Home

Up to 50% Max DTI

Reserves — Second Home

Loan Amount	Months Required*
≤$500k	3 months
>$500k-$1.5MM	6 months
>$1.5MM	9 months

Additional 2 months to above requirement for each addl property financed (max. 12 months)
Non-Occupant Borrower addl 6 months to above requirements
*PITIA for fully amortized and ITIA for I/O

Cash-Out Limits — Second Home

LTV Threshold	Maximum Cash Out
≤60% LTV	Unlimited
>60% LTV	$1.5MM

Credit Restriction (Based off max LTV) — Second Home

Event	Lookback Period	LTV Adjustment
Housing Lates	1x30x12	-5% LTV
Housing Event	24mo-48mo	-5% LTV

Program Restrictions — Second Home

Parameter	Value
Housing (12 mos. Minimum)	0x30x12
Credit Event	48 mo.
Min FICO	660
Max LTV: Purchase & R/T	85
Max LTV: Cash Out	75
Max CLTV	85
Max Loan Amount	$6,000,000
Min Loan Amount	$300,000
Fixed Terms	30yr Fix/ 40 yr Fix (w/ 10 yr IO)
5/6 Mo SOFR ARM (2/1/5 Caps)	6mo. SOFR - 3.75% Margin/Floor
7/6 Mo SOFR ARM (5/1/5 Caps)	6mo. SOFR - 3.75% Margin/Floor

Other LTV/CLTV Limits — Second Home

Property Type	Max LTV/CLTV
Warrantable Condo	85%
Non-Warrantable Condo	80%
Condotel - Purchase / RT Refi	75%
Condotel - Cash Out	65%
I/O max	85%
2-4 unit max	85%
Rural	<10 acres allowed** must be prior approved

Not allowed L/A >$3MM

Bank Statement Restrictions — Second Home

12 or 24 Months consecutive stmts req'd
Income Method #3 Capped at 80% LTV/CLTV

Asset Allowance — Second Home

Max LTV 80%
Max 50% DTI
See Guidelines for Formulas

See Guidelines For — Second Home:

Departing Residence req. and reserves
Impounds, High-Cost Loans, & Loan Cost Tolerance
Single Borrower Exposure
Residency Qualifications
Interested Party Contributions
Rural Property Limits
First Time Homebuyer
Departing Residence
Use of Business Funds

Apex — Investor

Maximum LTVs (12 or 24 Months Bank Statements)

Loan Amount	FICO	Purch / RT Refi LTV/CLTV*	Cash Out LTV/CLTV*
up to $1MM	740	85	75
	720	85	75
	700	85	75
	680	80	75
	660	80	75
>$1 MM to $1.5 MM	740	80	75
	720	80	75
	700	80	70
	680	80	70
	660	75	70
>$1.5 MM to $2 MM	740	80	75
	720	80	75
	700	80	75
	680	75	70
	660	70	65
>$2 MM to $2.5 MM	720	80	70
	700	75	65
	680	75	65
	660	70	N/A
	720	80	65
>$2.5 MM to $3 MM	700	75	65
	680	70	N/A

Super Jumbo — Investor

Loan Amount	FICO	Purch LTV/CLTV	RT Refi LTV/CLTV	Cash Out LTV/CLTV
>$3MM to $4MM	760	60	55	50
	720	55	50	45
	700	50	45	40
>$4MM to $5MM	760	65	60	50
	720	60	55	50
>$5MM to $6MM	760	55	50	45

Prior to submission review and case-by-case basis only

P&L Only — Investor

Loan Amount	FICO	Purch / RT Refi LTV/CLTV	Cash Out LTV/CLTV
<$1MM	700	80	75
	660	80	70
	720	80	70
>$1 MM - $1.5 MM	680	80	70
	660	75	70
	700	80	70
>$1.5MM - $2 MM	680	75	65
	660	70	60
	700	75	65
>$2 MM - $2.5 MM	680	70	N/A
	660	65	N/A
	700	70	60
>$2.5 MM to $3 MM	740	Case-by-case
	720	Case-by-case
	700	Case-by-case

Eligible Borrowers — Investor

US Citizens
Permanent Resident Aliens
Non-Permanent Resident Aliens
Vesting in Entities Allowed

DTI — Investor

Up to 50% Max DTI

Reserves — Investor

Loan Amount	Months Required*
≤$500k	3 months
>$500k-$1.5MM	6 months
>$1.5MM	9 months
First Time Investor	12 months

Additional 2 months to above requirement for each addl property financed (max. 12 months)
*PITIA for fully amortized and ITIA for I/O

Bank Statement Restrictions — Investor

12 or 24 Months consecutive stmts req'd
Income Method #3 Capped at 80% LTV/CLTV

Asset Allowance — Investor

Max LTV 80%
Max 50% DTI
See Guidelines for Formulas

Cash-Out Limits — Investor

LTV Threshold	Maximum Cash Out
≤60% LTV	Unlimited
>60% LTV	$1.5MM

Recent Listing (<6 mos) allowed with Additional LLPAs

Credit Restriction (Based off max LTV) — Investor

Event	Lookback Period	LTV Adjustment
Housing Lates	1x30x12	-5% LTV
Housing Event	24mo-48mo	-5% LTV

Program Restrictions — Investor

Parameter	Value
Housing (12 mos. Minimum)	0x30x12
Credit Event	48 mo.
Min FICO	660
Max LTV: Purchase & R/T	85
Max LTV: Cash Out	75
Max CLTV	85
Max Loan Amount	$6,000,000
Min Loan Amount	$300,000
Fixed Terms	30yr Fix/ 40 yr Fix (w/ 10 yr IO)
5/6 Mo SOFR ARM (2/1/5 Caps)	6mo. SOFR - 3.75% Margin/Floor
7/6 Mo SOFR ARM (5/1/5 Caps)	6mo. SOFR - 3.75% Margin/Floor

Other LTV/CLTV Limits — Investor

Property Type	Max LTV/CLTV
Warrantable Condo	80%
Non-Warrantable Condo	75%
Condotel - Purchase / RT Refi	75%
Condotel - Cash Out	65%
I/O max	80%
2-4 unit max	80%
Rural	75%

<10 acres allowed ** must be prior approved
Not allowed L/A >$3MM

Prepayment Penalty — Investor

3 year standard prepay, 2 year and 1 year prepay available at additional cost
Minimum of 1 year prepay required on investment properties
6 months of interest on 80% of the original principal balance

See Guidelines For — Investor:

Departing Residence req. and reserves
Impounds, High-Cost Loans, & Loan Cost Tolerance
Single Borrower Exposure
Residency Qualifications
Interested Party Contributions
Rural Property Limits
First Time Homebuyer
Departing Residence
Use of Business Funds