Apex (Alt Doc) — Eligibility Rules (If-Then Format)

Auto-generated from Apex Matrix v 1.0 (01-01-2026) on 2026-03-23

These rules are structured for RAG ingestion and AI chatbot eligibility determination. Each rule is self-contained and independently retrievable.

Apex Prime Matrix — FundLoans

Alternative Documentation Program (12 or 24 Months Bank Statements)

• IF the loan program is Apex (Alt Doc) (Alternative Documentation Program (12 or 24 Months Bank Statements)), THEN Effective Date: 01/01/2026 | V1.0**

Apex Prime — Owner Occupied Primary Residence

Maximum LTVs (12 or 24 Months Bank Statements)

• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is up to $1 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 90%; Cash Out LTV/CLTV: max 80%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is up to $1 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 85%; Cash Out LTV/CLTV: max 80%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is up to $1 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 85%; Cash Out LTV/CLTV: max 80%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is up to $1 MM, FICO is 680, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 80%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is up to $1 MM, FICO is 660, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 75%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is >$1 MM to $1.5 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 85%; Cash Out LTV/CLTV: max 80%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is >$1 MM to $1.5 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 85%; Cash Out LTV/CLTV: max 80%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is >$1 MM to $1.5 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 85%; Cash Out LTV/CLTV: max 80%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is >$1 MM to $1.5 MM, FICO is 680, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 75%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is >$1.5 MM to $2 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 85%; Cash Out LTV/CLTV: max 75%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is >$1.5 MM to $2 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 85%; Cash Out LTV/CLTV: max 75%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is >$1.5 MM to $2 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 75%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is >$1.5 MM to $2 MM, FICO is 680, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 70%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is >$1.5 MM to $2 MM, FICO is 660, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 70%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is >$2 MM to $2.5 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 70%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is >$2 MM to $2.5 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 70%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is >$2 MM to $2.5 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is >$2 MM to $2.5 MM, FICO is 680, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is >$2 MM to $2.5 MM, FICO is 660, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is >$2.5 MM to $3 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 70%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is >$2.5 MM to $3 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 70%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is >$2.5 MM to $3 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is >$2.5 MM to $3 MM, FICO is 680, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is >$3 MM to $3.5 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is >$3 MM to $3.5 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is >$3 MM to $3.5 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is >$3 MM to $3.5 MM, FICO is 680, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: Not Eligible.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, loan amount is >$3 MM to $3.5 MM, FICO is 660, THEN Purch / RT Refi LTV/CLTV: max 65%; Cash Out LTV/CLTV: Not Eligible.

Super Jumbo — Owner Occupied Primary Residence

• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, documentation type is Super Jumbo, loan amount is >$3.5 MM to $4 MM, FICO is 760, THEN Purch LTV/CLTV: max 75%; RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, documentation type is Super Jumbo, loan amount is >$3.5 MM to $4 MM, FICO is 720, THEN Purch LTV/CLTV: max 70%; RT Refi LTV/CLTV: max 65%; Cash Out LTV/CLTV: max 60%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, documentation type is Super Jumbo, loan amount is >$3.5 MM to $4 MM, FICO is 700, THEN Purch LTV/CLTV: max 65%; RT Refi LTV/CLTV: max 60%; Cash Out LTV/CLTV: max 55%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, documentation type is Super Jumbo, loan amount is >$4 MM to $5 MM, FICO is 760, THEN Purch LTV/CLTV: max 65%; RT Refi LTV/CLTV: max 60%; Cash Out LTV/CLTV: max 55%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, documentation type is Super Jumbo, loan amount is >$4 MM to $5 MM, FICO is 720, THEN Purch LTV/CLTV: max 60%; RT Refi LTV/CLTV: max 55%; Cash Out LTV/CLTV: max 55%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, documentation type is Super Jumbo, loan amount is >$5 MM to $6 MM, FICO is 760, THEN Purch LTV/CLTV: max 60%; RT Refi LTV/CLTV: max 55%; Cash Out LTV/CLTV: max 50%.

P&L Only — Owner Occupied Primary Residence

• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, documentation type is P&L Only, loan amount is up to $1 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 70%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, documentation type is P&L Only, loan amount is up to $1 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 70%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, documentation type is P&L Only, loan amount is up to $1 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 70%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, documentation type is P&L Only, loan amount is >$1 MM to $1.5 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 70%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, documentation type is P&L Only, loan amount is >$1 MM to $1.5 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 70%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, documentation type is P&L Only, loan amount is >$1 MM to $1.5 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 70%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, documentation type is P&L Only, loan amount is >$1.5 MM to $2 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, documentation type is P&L Only, loan amount is >$1.5 MM to $2 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, documentation type is P&L Only, loan amount is >$1.5 MM to $2 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, documentation type is P&L Only, loan amount is >$2 MM to $2.5 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 60%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, documentation type is P&L Only, loan amount is >$2 MM to $2.5 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 60%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, documentation type is P&L Only, loan amount is >$2 MM to $2.5 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 65%; Cash Out LTV/CLTV: max 55%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, documentation type is P&L Only, loan amount is >$2.5 MM to $3 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 60%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, documentation type is P&L Only, loan amount is >$2.5 MM to $3 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 60%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, documentation type is P&L Only, loan amount is >$2.5 MM to $3 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 65%; Cash Out LTV/CLTV: max 55%.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, documentation type is P&L Only, loan amount is >$3 MM to $6 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: Case-by-case review required.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, documentation type is P&L Only, loan amount is >$3 MM to $6 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: Case-by-case review required.
• IF the program is Apex (Alt Doc), occupancy is Owner Occupied Primary Residence, documentation type is P&L Only, loan amount is >$3 MM to $6 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: Case-by-case review required.

All loans >$4mm on a prior to submission review and case-by-case basis only

Eligible Borrowers

• IF the loan program is Apex (Alt Doc) (Eligible Borrowers), THEN Permanent Resident Aliens
• IF the loan program is Apex (Alt Doc) (Eligible Borrowers), THEN Non-Permanent Resident Aliens

Bank Statement Restrictions

• IF the loan program is Apex (Alt Doc) (Bank Statement Restrictions), THEN 12 or 24 Months consecutive statements required
• IF the loan program is Apex (Alt Doc) (Bank Statement Restrictions), THEN Income Method #3 Capped at 80% LTV/CLTV

Asset Allowance

• IF the loan program is Apex (Alt Doc) (Asset Allowance), THEN See Guidelines for Formulas*

DTI

• IF the loan program is Apex (Alt Doc) (DTI), THEN Up to 50% Max DTI

Reserves

• IF the program is Apex (Alt Doc) (Owner Occupied Primary Residence) and loan amount is ≤$500k, THEN minimum reserves required: 3 months.
• IF the program is Apex (Alt Doc) (Owner Occupied Primary Residence) and loan amount is >$500k-$1.5MM, THEN minimum reserves required: 6 months.
• IF the program is Apex (Alt Doc) (Owner Occupied Primary Residence) and loan amount is >$1.5MM, THEN minimum reserves required: 9 months.
• IF the loan program is Apex (Alt Doc) (Reserves), THEN Additional 2 months to above requirement for each additional property financed (max. 12 months)
• IF the loan program is Apex (Alt Doc) (Reserves), THEN Non-Occupant Borrower additional 6 months to above requirements
• IF the loan program is Apex (Alt Doc) (Reserves), THEN PITIA for fully amortized and ITIA for I/O

Cash-Out Limits

• IF the program is Apex (Alt Doc) (Owner Occupied Primary Residence) and LTV is ≤60% LTV, THEN max cash-out = Unlimited.
• IF the program is Apex (Alt Doc) (Owner Occupied Primary Residence) and LTV is >60% LTV, THEN max cash-out = $1.5MM.

Credit Restriction (Based off max LTV)

• IF the program is Apex (Alt Doc) (Owner Occupied Primary Residence) and borrower has adverse credit, THEN Event: Housing Lates / Lookback Period: 1x30x12 / LTV Adjustment: -5% LTV.
• IF the program is Apex (Alt Doc) (Owner Occupied Primary Residence) and borrower has adverse credit, THEN Event: Housing Event / Lookback Period: 24mo-48mo / LTV Adjustment: -5% LTV.

Program Restrictions

• IF the program is Apex (Alt Doc) (Owner Occupied Primary Residence), THEN Housing (12 mos. Minimum) = 0x30x12.
• IF the program is Apex (Alt Doc) (Owner Occupied Primary Residence), THEN Credit Event = 48 mo..
• IF the program is Apex (Alt Doc) (Owner Occupied Primary Residence), THEN Min FICO = 660.
• IF the program is Apex (Alt Doc) (Owner Occupied Primary Residence), THEN Max LTV: Purchase & R/T = 90.
• IF the program is Apex (Alt Doc) (Owner Occupied Primary Residence), THEN Max LTV: Cash Out = 80.
• IF the program is Apex (Alt Doc) (Owner Occupied Primary Residence), THEN Max CLTV = 90.
• IF the program is Apex (Alt Doc) (Owner Occupied Primary Residence), THEN Max Loan Amount = $6,000,000.
• IF the program is Apex (Alt Doc) (Owner Occupied Primary Residence), THEN Min Loan Amount = $300,000.
• IF the program is Apex (Alt Doc) (Owner Occupied Primary Residence), THEN Fixed Terms = 30yr Fix / 40yr Fix (w/ 10yr IO).
• IF the program is Apex (Alt Doc) (Owner Occupied Primary Residence), THEN 5/6 Mo SOFR ARM (2/1/5 Caps) = 6mo. SOFR - 3.75% Margin/Floor.
• IF the program is Apex (Alt Doc) (Owner Occupied Primary Residence), THEN 7/6 Mo SOFR ARM (5/1/5 Caps) = 6mo. SOFR - 3.75% Margin/Floor.

Other LTV/CLTV Limits

• IF the program is Apex (Alt Doc) (Owner Occupied Primary Residence) and property is Warrantable Condo, THEN max LTV/CLTV = 85%.
• IF the program is Apex (Alt Doc) (Owner Occupied Primary Residence) and property is Non-Warrantable Condo, THEN max LTV/CLTV = 80%.
• IF the program is Apex (Alt Doc) (Owner Occupied Primary Residence) and property is Condotel - Purchase/RT Refi, THEN max LTV/CLTV = 75%.
• IF the program is Apex (Alt Doc) (Owner Occupied Primary Residence) and property is Condotel - Cash out, THEN max LTV/CLTV = 65%.
• IF the program is Apex (Alt Doc) (Owner Occupied Primary Residence) and property is I/O max, THEN max LTV/CLTV = 85%.
• IF the program is Apex (Alt Doc) (Owner Occupied Primary Residence) and property is 2-4 unit max, THEN max LTV/CLTV = 85%.
• IF the program is Apex (Alt Doc) (Owner Occupied Primary Residence) and property is Rural, THEN max LTV/CLTV = <10 acres allowed.
• IF the loan program is Apex (Alt Doc) (Other LTV/CLTV Limits), THEN Not allowed L/A >$3MM
• IF the loan program is Apex (Alt Doc) (Other LTV/CLTV Limits), THEN TX 50(a)(6) 5% LTV cut / not allowed >$3M

See Guidelines For:

• IF the loan program is Apex (Alt Doc) (See Guidelines For:), THEN Departing Residence requirements and reserves
• IF the loan program is Apex (Alt Doc) (See Guidelines For:), THEN Impounds, High-Cost Loans, & Loan Cost Tolerance
• IF the loan program is Apex (Alt Doc) (See Guidelines For:), THEN Single Borrower Exposure
• IF the loan program is Apex (Alt Doc) (See Guidelines For:), THEN Residency Qualifications
• IF the loan program is Apex (Alt Doc) (See Guidelines For:), THEN Interested Party Contributions
• IF the loan program is Apex (Alt Doc) (See Guidelines For:), THEN Rural Property Limits
• IF the loan program is Apex (Alt Doc) (See Guidelines For:), THEN First Time Homebuyer
• IF the loan program is Apex (Alt Doc) (See Guidelines For:), THEN Departing Residence
• IF the loan program is Apex (Alt Doc) (See Guidelines For:), THEN Use of Business Funds

Apex Prime — Second Home

Maximum LTVs (12 or 24 Months Bank Statements)

• IF the program is Apex (Alt Doc), occupancy is Second Home, loan amount is up to $1 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 85%; Cash Out LTV/CLTV: max 75%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, loan amount is up to $1 MM, FICO is 680, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 75%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, loan amount is up to $1 MM, FICO is 660, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 70%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, loan amount is >$1 MM to $1.5 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 75%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, loan amount is >$1 MM to $1.5 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 75%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, loan amount is >$1 MM to $1.5 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 75%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, loan amount is >$1 MM to $1.5 MM, FICO is 680, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 75%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, loan amount is >$1 MM to $1.5 MM, FICO is 660, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 70%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, loan amount is >$1.5 MM to $2 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 75%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, loan amount is >$1.5 MM to $2 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 70%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, loan amount is >$1.5 MM to $2 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 70%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, loan amount is >$1.5 MM to $2 MM, FICO is 680, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, loan amount is >$1.5 MM to $2 MM, FICO is 660, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 60%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, loan amount is >$2 MM to $2.5 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 70%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, loan amount is >$2 MM to $2.5 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, loan amount is >$2 MM to $2.5 MM, FICO is 680, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, loan amount is >$2 MM to $2.5 MM, FICO is 660, THEN Purch / RT Refi LTV/CLTV: max 65%; Cash Out LTV/CLTV: max 60%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, loan amount is >$2.5 MM to $3 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 60%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, loan amount is >$2.5 MM to $3 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 65%; Cash Out LTV/CLTV: max 60%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, loan amount is >$2.5 MM to $3 MM, FICO is 680, THEN Purch / RT Refi LTV/CLTV: max 65%; Cash Out LTV/CLTV: Not Eligible.
• IF the program is Apex (Alt Doc), occupancy is Second Home, loan amount is >$2.5 MM to $3 MM, FICO is 660, THEN Purch / RT Refi LTV/CLTV: max 65%; Cash Out LTV/CLTV: Not Eligible.

Super Jumbo — Second Home

• IF the program is Apex (Alt Doc), occupancy is Second Home, documentation type is Super Jumbo, loan amount is >$3 MM to $4 MM, FICO is 760, THEN Purch LTV/CLTV: max 65%; RT Refi LTV/CLTV: max 60%; Cash Out LTV/CLTV: max 55%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, documentation type is Super Jumbo, loan amount is >$3 MM to $4 MM, FICO is 720, THEN Purch LTV/CLTV: max 60%; RT Refi LTV/CLTV: max 55%; Cash Out LTV/CLTV: max 50%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, documentation type is Super Jumbo, loan amount is >$3 MM to $4 MM, FICO is 700, THEN Purch LTV/CLTV: max 55%; RT Refi LTV/CLTV: max 50%; Cash Out LTV/CLTV: max 45%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, documentation type is Super Jumbo, loan amount is >$4 MM to $5 MM, FICO is 760, THEN Purch LTV/CLTV: max 65%; RT Refi LTV/CLTV: max 60%; Cash Out LTV/CLTV: max 50%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, documentation type is Super Jumbo, loan amount is >$4 MM to $5 MM, FICO is 720, THEN Purch LTV/CLTV: max 60%; RT Refi LTV/CLTV: max 55%; Cash Out LTV/CLTV: max 50%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, documentation type is Super Jumbo, loan amount is >$5 MM to $6 MM, FICO is 760, THEN Purch LTV/CLTV: max 55%; RT Refi LTV/CLTV: max 50%; Cash Out LTV/CLTV: max 45%.

P&L Only — Second Home

• IF the program is Apex (Alt Doc), occupancy is Second Home, documentation type is P&L Only, loan amount is up to $1 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, documentation type is P&L Only, loan amount is up to $1 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, documentation type is P&L Only, loan amount is up to $1 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 60%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, documentation type is P&L Only, loan amount is >$1 MM to $1.5 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, documentation type is P&L Only, loan amount is >$1 MM to $1.5 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, documentation type is P&L Only, loan amount is >$1 MM to $1.5 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 60%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, documentation type is P&L Only, loan amount is >$1.5 MM to $2 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, documentation type is P&L Only, loan amount is >$1.5 MM to $2 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 60%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, documentation type is P&L Only, loan amount is >$1.5 MM to $2 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 60%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, documentation type is P&L Only, loan amount is >$2 MM to $2.5 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 65%; Cash Out LTV/CLTV: max 60%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, documentation type is P&L Only, loan amount is >$2 MM to $2.5 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 65%; Cash Out LTV/CLTV: max 55%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, documentation type is P&L Only, loan amount is >$2 MM to $2.5 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 65%; Cash Out LTV/CLTV: max 55%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, documentation type is P&L Only, loan amount is >$2.5 MM to $3 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 65%; Cash Out LTV/CLTV: max 50%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, documentation type is P&L Only, loan amount is >$2.5 MM to $3 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 55%; Cash Out LTV/CLTV: max 50%.
• IF the program is Apex (Alt Doc), occupancy is Second Home, documentation type is P&L Only, loan amount is >$2.5 MM to $3 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 55%; Cash Out LTV/CLTV: Not Eligible.
• IF the program is Apex (Alt Doc), occupancy is Second Home, documentation type is P&L Only, loan amount is >$3 MM to $6 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: Case-by-case review required.
• IF the program is Apex (Alt Doc), occupancy is Second Home, documentation type is P&L Only, loan amount is >$3 MM to $6 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: Case-by-case review required.
• IF the program is Apex (Alt Doc), occupancy is Second Home, documentation type is P&L Only, loan amount is >$3 MM to $6 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: Case-by-case review required.

Program Restrictions — Second Home

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

Other LTV/CLTV Limits — Second Home

• IF the program is Apex (Alt Doc) (Second Home) and property is Warrantable Condo, THEN max LTV/CLTV = 85%.
• IF the program is Apex (Alt Doc) (Second Home) and property is Non-Warrantable Condo, THEN max LTV/CLTV = 80%.
• IF the program is Apex (Alt Doc) (Second Home) and property is Condotel - Purchase / RT Refi, THEN max LTV/CLTV = 75%.
• IF the program is Apex (Alt Doc) (Second Home) and property is Condotel - Cash out, THEN max LTV/CLTV = 65%.
• IF the program is Apex (Alt Doc) (Second Home) and property is I/O max, THEN max LTV/CLTV = 85%.
• IF the program is Apex (Alt Doc) (Second Home) and property is 2-4 unit max, THEN max LTV/CLTV = 85%.
• IF the program is Apex (Alt Doc) (Second Home) and property is Rural, THEN max LTV/CLTV = <10 acres allowed; Must be prior approved*.
• IF the loan program is Apex (Alt Doc) (Other LTV/CLTV Limits — Second Home), THEN Not allowed L/A >$3MM

Apex Prime — Investor

Maximum LTVs (12 or 24 Months Bank Statements)

• IF the program is Apex (Alt Doc), occupancy is Investment, loan amount is up to $1 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 85%; Cash Out LTV/CLTV: max 75%.
• IF the program is Apex (Alt Doc), occupancy is Investment, loan amount is up to $1 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 85%; Cash Out LTV/CLTV: max 75%.
• IF the program is Apex (Alt Doc), occupancy is Investment, loan amount is up to $1 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 85%; Cash Out LTV/CLTV: max 75%.
• IF the program is Apex (Alt Doc), occupancy is Investment, loan amount is up to $1 MM, FICO is 680, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 75%.
• IF the program is Apex (Alt Doc), occupancy is Investment, loan amount is up to $1 MM, FICO is 660, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 75%.
• IF the program is Apex (Alt Doc), occupancy is Investment, loan amount is >$1 MM to $1.5 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 75%.
• IF the program is Apex (Alt Doc), occupancy is Investment, loan amount is >$1 MM to $1.5 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 75%.
• IF the program is Apex (Alt Doc), occupancy is Investment, loan amount is >$1 MM to $1.5 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 70%.
• IF the program is Apex (Alt Doc), occupancy is Investment, loan amount is >$1 MM to $1.5 MM, FICO is 680, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 70%.
• IF the program is Apex (Alt Doc), occupancy is Investment, loan amount is >$1 MM to $1.5 MM, FICO is 660, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 70%.
• IF the program is Apex (Alt Doc), occupancy is Investment, loan amount is >$1.5 MM to $2 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 75%.
• IF the program is Apex (Alt Doc), occupancy is Investment, loan amount is >$1.5 MM to $2 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 75%.
• IF the program is Apex (Alt Doc), occupancy is Investment, loan amount is >$1.5 MM to $2 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 75%.
• IF the program is Apex (Alt Doc), occupancy is Investment, loan amount is >$1.5 MM to $2 MM, FICO is 680, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 70%.
• IF the program is Apex (Alt Doc), occupancy is Investment, loan amount is >$1.5 MM to $2 MM, FICO is 660, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Investment, loan amount is >$2 MM to $2.5 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 70%.
• IF the program is Apex (Alt Doc), occupancy is Investment, loan amount is >$2 MM to $2.5 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Investment, loan amount is >$2 MM to $2.5 MM, FICO is 680, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Investment, loan amount is >$2 MM to $2.5 MM, FICO is 660, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: Not Eligible.
• IF the program is Apex (Alt Doc), occupancy is Investment, loan amount is >$2.5 MM to $3 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 80%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Investment, loan amount is >$2.5 MM to $3 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Investment, loan amount is >$2.5 MM to $3 MM, FICO is 680, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: Not Eligible.

Super Jumbo — Investor

• IF the program is Apex (Alt Doc), occupancy is Investment, documentation type is Super Jumbo, loan amount is >$3 MM to $4 MM, FICO is 760, THEN Purch LTV/CLTV: max 65%; RT Refi LTV/CLTV: max 60%; Cash Out LTV/CLTV: max 50%.
• IF the program is Apex (Alt Doc), occupancy is Investment, documentation type is Super Jumbo, loan amount is >$3 MM to $4 MM, FICO is 720, THEN Purch LTV/CLTV: max 60%; RT Refi LTV/CLTV: max 55%; Cash Out LTV/CLTV: max 45%.
• IF the program is Apex (Alt Doc), occupancy is Investment, documentation type is Super Jumbo, loan amount is >$3 MM to $4 MM, FICO is 700, THEN Purch LTV/CLTV: max 55%; RT Refi LTV/CLTV: max 50%; Cash Out LTV/CLTV: max 40%.
• IF the program is Apex (Alt Doc), occupancy is Investment, documentation type is Super Jumbo, loan amount is >$4 MM to $5 MM, FICO is 760, THEN Purch LTV/CLTV: max 65%; RT Refi LTV/CLTV: max 60%; Cash Out LTV/CLTV: max 50%.
• IF the program is Apex (Alt Doc), occupancy is Investment, documentation type is Super Jumbo, loan amount is >$4 MM to $5 MM, FICO is 720, THEN Purch LTV/CLTV: max 60%; RT Refi LTV/CLTV: max 55%; Cash Out LTV/CLTV: max 45%.
• IF the program is Apex (Alt Doc), occupancy is Investment, documentation type is Super Jumbo, loan amount is >$5 MM to $6 MM, FICO is 760, THEN Purch LTV/CLTV: max 55%; RT Refi LTV/CLTV: max 50%; Cash Out LTV/CLTV: max 45%.

P&L Only — Investor

• IF the program is Apex (Alt Doc), occupancy is Investment, documentation type is P&L Only, loan amount is up to $1 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Investment, documentation type is P&L Only, loan amount is up to $1 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Investment, documentation type is P&L Only, loan amount is up to $1 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 75%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Investment, documentation type is P&L Only, loan amount is >$1 MM to $1.5 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Investment, documentation type is P&L Only, loan amount is >$1 MM to $1.5 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Investment, documentation type is P&L Only, loan amount is >$1 MM to $1.5 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 60%.
• IF the program is Apex (Alt Doc), occupancy is Investment, documentation type is P&L Only, loan amount is >$1.5 MM to $2 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Investment, documentation type is P&L Only, loan amount is >$1.5 MM to $2 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 65%.
• IF the program is Apex (Alt Doc), occupancy is Investment, documentation type is P&L Only, loan amount is >$1.5 MM to $2 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 60%.
• IF the program is Apex (Alt Doc), occupancy is Investment, documentation type is P&L Only, loan amount is >$2 MM to $2.5 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 60%.
• IF the program is Apex (Alt Doc), occupancy is Investment, documentation type is P&L Only, loan amount is >$2 MM to $2.5 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 65%; Cash Out LTV/CLTV: max 55%.
• IF the program is Apex (Alt Doc), occupancy is Investment, documentation type is P&L Only, loan amount is >$2 MM to $2.5 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 65%; Cash Out LTV/CLTV: max 55%.
• IF the program is Apex (Alt Doc), occupancy is Investment, documentation type is P&L Only, loan amount is >$2.5 MM to $3 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: max 70%; Cash Out LTV/CLTV: max 55%.
• IF the program is Apex (Alt Doc), occupancy is Investment, documentation type is P&L Only, loan amount is >$2.5 MM to $3 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: max 65%; Cash Out LTV/CLTV: max 55%.
• IF the program is Apex (Alt Doc), occupancy is Investment, documentation type is P&L Only, loan amount is >$2.5 MM to $3 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: max 60%; Cash Out LTV/CLTV: Not Eligible.
• IF the program is Apex (Alt Doc), occupancy is Investment, documentation type is P&L Only, loan amount is >$3 MM to $6 MM, FICO is 740, THEN Purch / RT Refi LTV/CLTV: Case-by-case review required.
• IF the program is Apex (Alt Doc), occupancy is Investment, documentation type is P&L Only, loan amount is >$3 MM to $6 MM, FICO is 720, THEN Purch / RT Refi LTV/CLTV: Case-by-case review required.
• IF the program is Apex (Alt Doc), occupancy is Investment, documentation type is P&L Only, loan amount is >$3 MM to $6 MM, FICO is 700, THEN Purch / RT Refi LTV/CLTV: Case-by-case review required.

Reserves — Investor

• IF the program is Apex (Alt Doc) (Investment) and loan amount is ≤$500k, THEN minimum reserves required: 3 months.
• IF the program is Apex (Alt Doc) (Investment) and loan amount is >$500k-$1.5MM, THEN minimum reserves required: 6 months.
• IF the program is Apex (Alt Doc) (Investment) and loan amount is >$1.5MM, THEN minimum reserves required: 9 months.
• IF the program is Apex (Alt Doc) (Investment) and loan amount is First Time Investor, THEN minimum reserves required: 12 months.
• IF the loan program is Apex (Alt Doc) (Reserves — Investor), THEN Additional 2 months to above requirement for each additional property financed (max. 12 months)
• IF the loan program is Apex (Alt Doc) (Reserves — Investor), THEN PITIA for fully amortized and ITIA for I/O

Cash-Out Limits — Investor

• IF the program is Apex (Alt Doc) (Investment) and LTV is ≤60% LTV, THEN max cash-out = Unlimited.
• IF the program is Apex (Alt Doc) (Investment) and LTV is >60% LTV, THEN max cash-out = $1.5MM.
• IF the loan program is Apex (Alt Doc) (Cash-Out Limits — Investor), THEN Recent Listing (<6 mos) allowed with Additional LLPAs

Program Restrictions — Investor

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

Other LTV/CLTV Limits — Investor

• IF the program is Apex (Alt Doc) (Investment) and property is Warrantable Condo, THEN max LTV/CLTV = 80%.
• IF the program is Apex (Alt Doc) (Investment) and property is Non-Warrantable Condo, THEN max LTV/CLTV = 75%.
• IF the program is Apex (Alt Doc) (Investment) and property is Condotel - Purchase / RT Refi, THEN max LTV/CLTV = 75%.
• IF the program is Apex (Alt Doc) (Investment) and property is Condotel - Cash Out, THEN max LTV/CLTV = 65%.
• IF the program is Apex (Alt Doc) (Investment) and property is I/O max, THEN max LTV/CLTV = 80%.
• IF the program is Apex (Alt Doc) (Investment) and property is 2-4 unit max, THEN max LTV/CLTV = 80%.
• IF the program is Apex (Alt Doc) (Investment) and property is Rural, THEN max LTV/CLTV = <10 acres allowed; Must be prior approved*.
• IF the loan program is Apex (Alt Doc) (Other LTV/CLTV Limits — Investor), THEN Not allowed L/A >$3MM

Prepayment Penalty — Investor

• IF the loan program is Apex (Alt Doc) (Prepayment Penalty — Investor), THEN 3 year standard prepay, 2 year and 1 year prepay available at additional cost
• IF the loan program is Apex (Alt Doc) (Prepayment Penalty — Investor), THEN Minimum of 1 year prepay required on investment properties
• IF the loan program is Apex (Alt Doc) (Prepayment Penalty — Investor), THEN 6 months of interest on 80% of the original principal balance

Eligible Borrowers — Investor

• IF the loan program is Apex (Alt Doc) (Eligible Borrowers — Investor), THEN Permanent Resident Aliens
• IF the loan program is Apex (Alt Doc) (Eligible Borrowers — Investor), THEN Non-Permanent Resident Aliens
• IF the loan program is Apex (Alt Doc) (Eligible Borrowers — Investor), THEN Vesting in Entities Allowed