Guidelines

Insignia II Matrix — FundLoans

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Insignia II Primary Purchase

Loan Products Available and Property Type

Min Loan Amount > Max Loan Amount <= Max LTV <= Min Score Reserve (months) Max DTI Max C/O 30F 15F 5/6 ARM 7/6 ARM 10/6 ARM Declining Market? SFD SFA PUD Coop Condo 2 unit 3 unit 4 unit
$647,200 $1,000,000 89.99% 720 12 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗
$647,200 $1,000,000 80.00% 700 12 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$1,000,000 $1,500,000 89.99% 720 18 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗
$1,000,000 $1,500,000 80.00% 700 12 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$1,500,000 $2,000,000 80.00% 700 15 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$2,000,000 $2,500,000 75.00% 740 24 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$2,000,000 $2,500,000 70.00% 720 24 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$2,500,000 $3,000,000 70.00% 740 24 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗ ✗ ✗ ✗
$647,200 $1,000,000 70.00% 700 12 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗ ✓ ✗ ✗
$647,200 $1,000,000 65.00% 720 12 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗ ✗ ✓ ✓
$1,000,000 $1,500,000 70.00% 720 12 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗ ✓ ✗ ✗
$1,000,000 $1,500,000 60.00% 720 12 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗ ✗ ✓ ✓
$1,500,000 $2,000,000 70.00% 720 15 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗ ✓ ✗ ✗

Insignia II Primary Rate/Term

Loan Products Available and Property Type

Min Loan Amount > Max Loan Amount <= Max LTV <= Min Score Reserve (months) Max DTI Max C/O 30F 15F 5/6 ARM 7/6 ARM 10/6 ARM Declining Market? SFD SFA PUD Coop Condo 2 unit 3 unit 4 unit
$647,200 $1,000,000 80.00% 700 12 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$1,000,000 $1,500,000 80.00% 700 12 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$1,500,000 $2,000,000 80.00% 700 15 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$2,000,000 $2,500,000 75.00% 740 24 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$2,000,000 $2,500,000 70.00% 720 24 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$2,500,000 $3,000,000 70.00% 740 24 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗ ✗ ✗ ✗
$647,200 $1,000,000 70.00% 700 12 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗ ✓ ✗ ✗
$647,200 $1,000,000 65.00% 720 12 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗ ✗ ✓ ✓
$1,000,000 $1,500,000 70.00% 720 12 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗ ✓ ✗ ✗
$1,000,000 $1,500,000 60.00% 720 12 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗ ✗ ✓ ✓
$1,500,000 $2,000,000 70.00% 720 15 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗ ✓ ✗ ✗

Insignia II Primary Cash-Out

Loan Products Available and Property Type

Min Loan Amount > Max Loan Amount <= Max LTV <= Min Score Reserve (months) Max DTI Max C/O 30F 15F 5/6 ARM 7/6 ARM 10/6 ARM Declining Market? SFD SFA PUD Coop Condo 2 unit 3 unit 4 unit
$647,200 $1,000,000 80.00% 740 15 43 $350,000 ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$647,200 $1,000,000 75.00% 760 15 43 $500,000 ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$1,000,000 $1,500,000 80.00% 740 15 43 $350,000 ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$1,000,000 $1,500,000 75.00% 760 15 43 $500,000 ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$1,500,000 $2,000,000 75.00% 760 15 43 $500,000 ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$2,000,000 $2,500,000 70.00% 760 24 43 $500,000 ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗

Insignia II Second Home Purchase

Loan Products Available and Property Type

Min Loan Amount > Max Loan Amount <= Max LTV <= Min Score Reserve (months) Max DTI Max C/O 30F 15F 5/6 ARM 7/6 ARM 10/6 ARM Declining Market? SFD SFA PUD Coop Condo 2 unit 3 unit 4 unit
$647,200 $1,000,000 80.00% 720 12 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$1,000,000 $1,500,000 80.00% 740 18 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$1,000,000 $1,500,000 75.00% 720 18 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$1,500,000 $2,000,000 75.00% 720 18 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$2,000,000 $2,500,000 75.00% 760 30 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$2,000,000 $2,500,000 70.00% 720 30 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$2,500,000 $3,000,000 60.00% 740 30 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗ ✗ ✗ ✗

Insignia II Second Rate/Term

Loan Products Available and Property Type

Min Loan Amount > Max Loan Amount <= Max LTV <= Min Score Reserve (months) Max DTI Max C/O 30F 15F 5/6 ARM 7/6 ARM 10/6 ARM Declining Market? SFD SFA PUD Coop Condo 2 unit 3 unit 4 unit
$647,200 $1,000,000 80.00% 720 12 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$1,000,000 $1,500,000 80.00% 740 18 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$1,000,000 $1,500,000 75.00% 720 18 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$1,500,000 $2,000,000 75.00% 720 18 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$2,000,000 $2,500,000 75.00% 760 30 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$2,000,000 $2,500,000 70.00% 720 30 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$2,500,000 $3,000,000 60.00% 740 30 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗ ✗ ✗ ✗

Insignia II Second Cash-Out

Loan Products Available and Property Type

Min Loan Amount > Max Loan Amount <= Max LTV <= Min Score Reserve (months) Max DTI Max C/O 30F 15F 5/6 ARM 7/6 ARM 10/6 ARM Declining Market? SFD SFA PUD Coop Condo 2 unit 3 unit 4 unit
$647,200 $1,000,000 70.00% 740 12 43 $350,000 ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$1,000,000 $1,500,000 70.00% 760 15 43 $350,000 ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$1,500,000 $2,000,000 70.00% 760 15 43 $350,000 ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$2,000,000 $2,500,000 65.00% 780 24 43 $350,000 ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗

Insignia II Investment Purchase

Loan Products Available and Property Type

Min Loan Amount > Max Loan Amount <= Max LTV <= Min Score Reserve (months) Max DTI Max C/O 30F 15F 5/6 ARM 7/6 ARM 10/6 ARM Declining Market? SFD SFA PUD Coop Condo 2 unit 3 unit 4 unit
$647,200 $1,000,000 70.00% 720 12 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✓ ✗ ✗ ✗
$1,000,000 $1,500,000 70.00% 740 18 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✓ ✗ ✗ ✗
$1,500,000 $2,000,000 60.00% 740 24 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✓ ✗ ✗ ✗
$647,200 $1,000,000 65.00% 760 24 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗ ✓ ✓ ✓
$1,000,000 $1,500,000 65.00% 760 24 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗ ✓ ✓ ✓
$1,500,000 $2,000,000 65.00% 760 24 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗ ✓ ✓ ✓

Insignia II Investment Rate/Term

Loan Products Available and Property Type

Min Loan Amount > Max Loan Amount <= Max LTV <= Min Score Reserve (months) Max DTI Max C/O 30F 15F 5/6 ARM 7/6 ARM 10/6 ARM Declining Market? SFD SFA PUD Coop Condo 2 unit 3 unit 4 unit
$647,200 $1,000,000 70.00% 720 12 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✓ ✗ ✗ ✗
$1,000,000 $1,500,000 70.00% 740 18 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✓ ✗ ✗ ✗
$1,500,000 $2,000,000 60.00% 740 24 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✓ ✗ ✗ ✗
$647,200 $1,000,000 65.00% 760 24 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗ ✓ ✓ ✓
$1,000,000 $1,500,000 65.00% 760 24 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗ ✓ ✓ ✓
$1,500,000 $2,000,000 65.00% 760 24 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗ ✓ ✓ ✓

Insignia II Primary Purchase FTHB

Loan Products Available and Property Type

Min Loan Amount > Max Loan Amount <= Max LTV <= Min Score Reserve (months) Max DTI Max C/O 30F 15F 5/6 ARM 7/6 ARM 10/6 ARM Declining Market? SFD SFA PUD Coop Condo 2 unit 3 unit 4 unit
$647,200 $1,000,000 80.00% 700 12 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$1,000,000 $1,500,000 80.00% 700 12 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗ ✗ ✗ ✗
$647,200 $1,000,000 70.00% 700 12 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗ ✓ ✗ ✗
$647,200 $1,000,000 65.00% 720 12 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗ ✗ ✓ ✓
$1,000,000 $1,500,000 70.00% 720 12 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗ ✓ ✗ ✗
$1,000,000 $1,500,000 60.00% 720 12 43 na ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✗ ✗ ✗ ✓ ✓

Additional Notes

Maximum LTV/CLTV for self-employed borrower is 80%.