Guidelines
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Arete Matrix — FundLoans

Owner Occupied / 2nd Home Program

Effective Date: 07/10/2026 | V1.0

Arete — Owner Occupied / 2nd Home

Maximum CLTVs

Loan Amount FICO Purch R/T C/O
$300k to $2MM 700 90 80 80
680 85 80 80
660 80 80 80
>$2MM to $2.25MM 700 80 75 75
680 75 70 70
660 70 65 65
>$2.25MM to $3MM 700 75 70 N/A
680 75 70 N/A
660 70 65 N/A

Eligible Borrowers

  • FTHB (no I/O)
  • Permanent (no restrictions)
  • Non-Permanent (no cash-out)
  • Foreign National (no cash-out)

Ineligible Borrowers/Vesting

  • NPRA / DACA/ Asylum/TPS Status
  • Layered LLC
  • Irrevocable Trust

Other CLTV Limits

Parameter Max CLTV
Asset Allowance 85%
WVOE 80%
Non-Perm/FN 80%

Cash-Out Limits

CLTV Threshold Maximum Cash Out
≤65% CLTV $2MM
>65 - ≤70 CLTV $1.5MM
>70 CLTV $1MM

Program Restrictions

Parameter Value
Credit Event 24 mo.
Min FICO 660
Max CLTV Purchase 90
Max CLTV: R/T & Cash Out 80
Max Loan Amount $3,000,000
Min Loan Amount $300,000
Fixed Terms 30yr & 40 yr
5/6 SOFR ARM 2/1/5 3.75 margin/floor
7/6 SOFR ARM 5/1/5 3.75 margin/floor
Interest Only 10/20 & 10/30

Reserves

  • 6 months

Acreage

  • <15 acres
  • Rural not allowed

DTI

  • 50% max

  • 45% max LTV 85%

Housing History

Status Restriction
0x30x12 No restrictions
1x30x12 Max 85% CLTV

Eligible Properties

Property Type Notes
2-4 Units No 2nd homes
Warrantable Condos No restrictions
Non-Warrantable Condos 85% Purchase 75% Refi
Florida Condo 75% Purchase
Refi Exception Basis Only
ADU Max 1

Ineligible Properties

  • AG Use
  • Rehab/Adult Care
  • A-Frame/Log/Dome
  • Mixed Use
  • Leasehold: Exception only
  • Historical Designation
  • Properties with closing price >25% list w/i 12 mos

Exposure

  • Max 5 loans or $3.5MM UPB

Arete — Investment / NOO (Standard)

Effective Date: 07/10/2026 | V1.0

Maximum CLTVs

Loan Amount FICO Purch R/T C/O
$300k to $2MM 700 85 80 80
680 85 80 80
660 80 80 80

Eligible Borrowers

  • FTInv (no I/O)
  • Permanent (no restrictions)
  • Non-Permanent (no cash-out)
  • Foreign National (no cash-out)

Ineligible Borrowers/Vesting

  • NPRA / DACA/ Asylum/TPS Status
  • Layered LLC
  • Irrevocable Trust

Other CLTV Limits

Parameter Max CLTV
Asset Allowance 85%
WVOE 80%
Non-Perm/FN 80%

Cash-Out Limits

CLTV Threshold Maximum Cash Out
≤65% CLTV $1.75MM
>65 - ≤70 CLTV $1.25MM
>70 CLTV $750K

Program Restrictions

Parameter Value
Credit Event 24 mo.
Min FICO 660
Max CLTV Purchase 85
Max CLTV: R/T & Cash Out 80
Max Loan Amount $2,000,000
Min Loan Amount $300,000
Fixed Terms 30yr & 40 yr
5/6 SOFR ARM 2/1/5 3.75 margin/floor
7/6 SOFR ARM 5/1/5 3.75 margin/floor
Interest Only 10/20 & 10/30

Reserves

  • 6 months

Acreage

  • <15 acres
  • Rural not allowed

DTI

  • 50% max

  • 45% max LTV 85%

Housing History

Status Restriction
0x30x12 No restrictions
1x30x12 Max 85% CLTV

Eligible Properties

Property Type Notes
2-4 Units No 2nd homes
Warrantable Condos No restrictions
Non-Warrantable Condos 85% Purchase 75% Refi
Florida Condo 75% Purchase Only
Refi not allowed
ADU Max 1

Ineligible Properties

  • AG Use
  • Rehab/Adult Care
  • A-Frame/Log/Dome
  • Mixed Use
  • Leasehold: Exception only
  • Historical Designation
  • Properties with closing price >25% list w/i 12 mos

Prepayment Penalty

  • Min 1 yr required
  • 5% of UPB

Arete — Investment / NOO (First Time Investor / DSCR)

Effective Date: 07/10/2026 | V1.0

Maximum CLTVs

Loan Amount FICO Purch R/T C/O
$200k to $2MM 680 80 75 75
660 75 75 75

Eligible Borrowers

  • Permanent (no restrictions)
  • Non-Permanent (75% max & no C/O)
  • Foreign National (75% max & no C/O)

Ineligible Borrowers/Vesting

  • First Time Investor
  • NPRA / DACA/ Asylum/TPS Status
  • Layered LLC
  • Irrevocable Trust

DSCR

DSCR Restriction
>1.0 No restrictions
.75 - <1.0 Min 720 FICO
75% purch / 70% refi

STR

  • Purchase Only
  • DSCR >1.25

Cash-Out Limits

CLTV Threshold Maximum Cash Out
≤65% CLTV $1.75MM
>65 - ≤70 CLTV $1.25MM
>70 CLTV $750K

Program Restrictions

Parameter Value
Credit Event 48
Min FICO 660
Max CLTV Purchase 80
Max CLTV: R/T & Cash Out 75
Max Loan Amount $2,000,000
Min Loan Amount $200,000
Fixed Terms 30yr & 40 yr
5/6 SOFR ARM 2/1/5 3.75 margin/floor
7/6 SOFR ARM 5/1/5 3.75 margin/floor
Interest Only 10/20 & 10/30

Reserves

  • 3 months

Acreage

  • <15 acres
  • Rural not allowed

Housing History

Status Restriction
0x30x12 No restrictions
1x30x12 Max 75% CLTV

Eligible Properties

Property Type Notes
2-4 Units No 2nd homes
Warrantable Condos No restrictions
Non-Warrantable Condos No restrictions
Florida Condo 75% Purchase Only
Refi not allowed
ADU Max 1

Ineligible Properties

  • AG Use
  • Rehab/Adult Care
  • A-Frame/Log/Dome
  • Mixed Use
  • Leasehold: Exception only
  • Historical Designation
  • Properties with closing price >25% list w/i 12 mos

Prepayment Penalty

  • Min 1 yr required
  • 5% of UPB