Guidelines

Insignia VI Matrix — FundLoans

Jumbo Conforming Loan Program

Effective Date: Not specified | Version: Not specified

Insignia VI Primary Purchase

Loan Products and Eligibility

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% 720 12 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$1,500,000 $2,000,000 70.00% 740 18 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$2,000,000 $2,500,000 70.00% 740 18 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$828,700 $1,000,000 70.00% 720 12 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✗ ✗ ✗ ✗ ✗ ✓ ✗ ✗
$1,000,000 $1,500,000 70.00% 720 12 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✗ ✗ ✗ ✗ ✗ ✓ ✗ ✗
$1,001,650 $1,500,000 70.00% 720 12 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✗ ✗ ✗ ✗ ✗ ✗ ✓ ✗
$1,244,850 $1,500,000 70.00% 720 12 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✗ ✗ ✗ ✗ ✗ ✗ ✗ ✓

Insignia VI Primary Rate/Term

Loan Products and Eligibility

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% 720 12 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$1,500,000 $2,000,000 70.00% 740 18 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$2,000,000 $2,500,000 70.00% 740 18 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$828,700 $1,000,000 70.00% 720 12 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✗ ✗ ✗ ✗ ✗ ✓ ✗ ✗
$1,000,000 $1,500,000 70.00% 720 12 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✗ ✗ ✗ ✗ ✗ ✓ ✗ ✗
$1,001,650 $1,500,000 70.00% 720 12 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✗ ✗ ✗ ✗ ✗ ✗ ✓ ✗
$1,244,850 $1,500,000 70.00% 720 12 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✗ ✗ ✗ ✗ ✗ ✗ ✗ ✓

Insignia VI Primary Cash-Out

Loan Products and Eligibility

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 55.00% 700 12 43 $500,000 ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$647,200 $1,000,000 70.00% 700 12 43 $300,000 ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$1,000,000 $1,500,000 55.00% 720 18 43 $500,000 ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$1,000,000 $1,500,000 65.00% 720 18 43 $300,000 ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$1,500,000 $2,000,000 55.00% 740 18 43 $500,000 ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$1,500,000 $2,000,000 60.00% 740 18 43 $300,000 ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$2,000,000 $2,500,000 55.00% 740 18 43 $500,000 ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$2,000,000 $2,500,000 60.00% 740 18 43 $300,000 ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$828,700 $1,000,000 55.00% 720 18 43 $500,000 ✓ ✗ ✗ ✗ ✗ ✓ ✗ ✗ ✗ ✗ ✗ ✓ ✗ ✗
$828,700 $1,000,000 65.00% 720 18 43 $300,000 ✓ ✗ ✗ ✗ ✗ ✓ ✗ ✗ ✗ ✗ ✗ ✓ ✗ ✗
$1,000,000 $1,500,000 55.00% 720 18 43 $500,000 ✓ ✗ ✗ ✗ ✗ ✓ ✗ ✗ ✗ ✗ ✗ ✓ ✗ ✗
$1,000,000 $1,500,000 65.00% 720 18 43 $300,000 ✓ ✗ ✗ ✗ ✗ ✓ ✗ ✗ ✗ ✗ ✗ ✓ ✗ ✗
$1,001,650 $1,500,000 55.00% 720 18 43 $500,000 ✓ ✗ ✗ ✗ ✗ ✓ ✗ ✗ ✗ ✗ ✗ ✗ ✓ ✗
$1,001,650 $1,500,000 65.00% 720 18 43 $300,000 ✓ ✗ ✗ ✗ ✗ ✓ ✗ ✗ ✗ ✗ ✗ ✗ ✓ ✗
$1,244,850 $1,500,000 55.00% 720 18 43 $500,000 ✓ ✗ ✗ ✗ ✗ ✓ ✗ ✗ ✗ ✗ ✗ ✗ ✗ ✓
$1,244,850 $1,500,000 65.00% 720 18 43 $300,000 ✓ ✗ ✗ ✗ ✗ ✓ ✗ ✗ ✗ ✗ ✗ ✗ ✗ ✓

Insignia VI Second Purchase

Loan Products and Eligibility

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 18 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✗ ✓ ✗ ✗ ✗
$1,000,000 $1,500,000 75.00% 720 18 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✗ ✓ ✗ ✗ ✗
$1,500,000 $2,000,000 70.00% 740 18 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✗ ✓ ✗ ✗ ✗
$2,000,000 $2,500,000 65.00% 740 18 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✗ ✓ ✗ ✗ ✗

Insignia VI Second Rate/Term

Loan Products and Eligibility

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 18 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✗ ✓ ✗ ✗ ✗
$1,000,000 $1,500,000 75.00% 720 18 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✗ ✓ ✗ ✗ ✗
$1,500,000 $2,000,000 70.00% 740 18 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✗ ✓ ✗ ✗ ✗
$2,000,000 $2,500,000 65.00% 740 18 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✗ ✓ ✗ ✗ ✗

Insignia VI Second Cash Out

Loan Products and Eligibility

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 55.00% 720 18 43 $350,000 ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✗ ✓ ✗ ✗ ✗
$647,200 $1,000,000 70.00% 720 18 43 $300,000 ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✗ ✓ ✗ ✗ ✗
$1,000,000 $1,500,000 55.00% 740 18 43 $350,000 ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✗ ✓ ✗ ✗ ✗
$1,000,000 $1,500,000 65.00% 740 18 43 $300,000 ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✗ ✓ ✗ ✗ ✗

Insignia VI Primary Purchase FTHB

Loan Products and Eligibility

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% 720 12 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗
$828,700 $1,000,000 70.00% 720 12 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✗ ✗ ✗ ✗ ✗ ✓ ✗ ✗
$1,000,000 $1,500,000 70.00% 720 12 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✗ ✗ ✗ ✗ ✗ ✓ ✗ ✗
$1,001,650 $1,500,000 70.00% 720 12 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✗ ✗ ✗ ✗ ✗ ✗ ✓ ✗
$1,244,850 $1,500,000 70.00% 720 12 43 na ✓ ✗ ✗ ✗ ✗ ✓ ✗ ✗ ✗ ✗ ✗ ✗ ✗ ✓

Program Notes

  • *Non-permanent resident aliens are not permitted.
  • **Minimum loan amount in a high balance county would be $1 above the agency high balance loan limit for the county/number of units.
  • ***Maximum DTI for self-employed borrower is 35%.