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Insignia III Primary Purchase
Loan Products Available & 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
6
43
na
✗
✓
✓
✓
✓
✓
✓
✓
✓
✗
✓
✗
✗
✗
$647,200
$1,000,000
70.00%
700
6
40
na
✗
✓
✓
✓
✓
✓
✓
✓
✓
✗
✓
✗
✗
✗
$1,000,000
$1,500,000
80.00%
720
6
43
na
✗
✓
✓
✓
✓
✓
✓
✓
✓
✗
✓
✗
✗
✗
$1,500,000
$2,000,000
80.00%
720
6
43
na
✗
✓
✓
✓
✓
✓
✓
✓
✓
✗
✓
✗
✗
✗
$2,000,000
$2,500,000
80.00%
740
12
43
na
✗
✓
✓
✓
✓
✓
✓
✓
✓
✗
✓
✗
✗
✗
$2,500,000
$3,000,000
80.00%
740
18
43
na
✗
✓
✓
✓
✓
✓
✓
✓
✓
✗
✓
✗
✗
✗
Insignia III Primary Rate/Term
Loan Products Available & 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
6
43
na
✗
✓
✓
✓
✓
✓
✓
✓
✓
✗
✓
✗
✗
✗
$647,200
$1,000,000
70.00%
700
6
40
na
✗
✓
✓
✓
✓
✓
✓
✓
✓
✗
✓
✗
✗
✗
$1,000,000
$1,500,000
80.00%
720
6
43
na
✗
✓
✓
✓
✓
✓
✓
✓
✓
✗
✓
✗
✗
✗
$1,500,000
$2,000,000
80.00%
720
6
43
na
✗
✓
✓
✓
✓
✓
✓
✓
✓
✗
✓
✗
✗
✗
$2,000,000
$2,500,000
80.00%
740
12
43
na
✗
✓
✓
✓
✓
✓
✓
✓
✓
✗
✓
✗
✗
✗
$2,500,000
$3,000,000
80.00%
740
18
43
na
✗
✓
✓
✓
✓
✓
✓
✓
✓
✗
✓
✗
✗
✗
Insignia III Primary Cash-Out
Loan Products Available & 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
65.00%
720
6
43
$500,000
✗
✓
✓
✓
✓
✓
✓
✓
✓
✗
✓
✗
✗
✗
$1,000,000
$1,500,000
65.00%
740
6
43
$500,000
✗
✓
✓
✓
✓
✓
✓
✓
✓
✗
✓
✗
✗
✗
$1,500,000
$2,000,000
65.00%
740
6
43
$500,000
✗
✓
✓
✓
✓
✓
✓
✓
✓
✗
✓
✗
✗
✗
$2,000,000
$2,500,000
65.00%
760
18
43
$500,000
✗
✓
✓
✓
✓
✓
✓
✓
✓
✗
✓
✗
✗
✗
$2,500,000
$3,000,000
65.00%
760
18
43
$500,000
✗
✓
✓
✓
✓
✓
✓
✓
✓
✗
✓
✗
✗
✗
Insignia III Primary Purchase FTHB
Loan Products Available & 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
✗
✓
✓
✓
✓
✓
✓
✓
✓
✗
✓
✗
✗
✗
$647,200
$1,000,000
70.00%
700
12
40
na
✗
✓
✓
✓
✓
✓
✓
✓
✓
✗
✓
✗
✗
✗
$1,000,000
$1,250,000
80.00%
720
12
43
na
✗
✓
✓
✓
✓
✓
✓
✓
✓
✗
✓
✗
✗
✗
Important Notes
Third Party Appraisal Review
*As an overlay to section 12.6 Third Party Appraisal Review in the Jumbo Program Guide, if the desk review produces a negative variance >5% and <=10% to the appraised value and the LTV is >75%, the loan is not eligible for purchase; however, the seller has the option to order a Field Review to support the appraised value. If the field review also produces a negative variance >5% and <=10% to the appraised value, the loan will remain ineligible for purchase if the LTV is >=80% based on the field review value.