Montage Prime Matrix — FundLoans

Full Documentation Program (12 or 24 Months Full Doc)

Effective Date: 01/01/2026 | V1.0

Montage Prime — Owner Occupied Primary Residence

Maximum LTVs (12 or 24 Months Full Doc)

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

Super Jumbo — Owner Occupied Primary Residence

Loan Amount	FICO	Purch LTV/CLTV	RT Refi LTV/CLTV	Cash Out LTV/CLTV
>$3 MM to $3.5 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	55
>$5 MM to $6 MM	760	60	55	50

Assets Only / Asset Allowance — Owner Occupied

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 additional property financed (12 mo. max)
Non-Occupant Borrower additional 6 months to above
*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 Restrictions (Based off max LTV)

Event	Lookback Period	LTV Adjustment
Housing Lates	1x30x12	-5% LTV
FC/BK/SS/DIL/MOD	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	80
Max CLTV	90
Max Loan Amount	$6,000,000
Min Loan Amount	$300,000
Fixed Terms	30yr Fix / 40yr Fix (w/ 10yr 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	<10 acres allowed

Not allowed L/A >$3MM

See Guidelines For:

Departing Residence requirements 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

Montage Prime — Second Home

Maximum LTVs (12 or 24 Months Full Doc)

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	75	70
>$1.5 MM to $2 MM	740	80	75
	720	80	70
	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	75	60
	700	65	60
	680	65	N/A
	660	65	N/A

Super Jumbo — Second Home

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

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 / 40yr Fix (w/ 10yr 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

Prepayment Penalty — Second Home

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

Other LTV/CLTV Limits — Second Home

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	<10 acres; Must be prior approved*

Not allowed L/A >$3MM

Montage Prime — Investment

Maximum LTVs (12 or 24 Months Full Doc)

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

Super Jumbo — Investment

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

Reserves — Investment

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 additional property financed (12 mo. max)
*PITIA for fully amortized and ITIA for I/O

Cash-Out Limits — Investment

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

Credit Restrictions (Based off max LTV)

Event	Lookback Period	LTV Adjustment
Housing Lates	1x30x12	-5% LTV
FC/BK/SS/DIL/MOD	24mo-48mo	-5% LTV

Program Restrictions — Investment

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 / 40yr Fix (w/ 10yr 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 — Investment

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	<10 acres; Must be prior approved*

Not allowed L/A >$3MM

Eligible Borrowers — Investment

US Citizens
Permanent Resident Aliens
Non-Permanent Resident Aliens

See Guidelines For:

Departing Residence requirements 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