Portfolio ARM Conforming & Jumbo Product Matrix

Conforming PASO56, PASO76, PASO106 Jumbo PASO56J, PASO76J, PASO106J

W-2 Borrowers Only
Primary Residence: Purchase
Property Type	Maximum LTV/CLTV/HCLTV (Max LTV 70% with subordinate financing)	Maximum Loan Amount	Minimum Loan Amount	Minimum FICO Score (720 Minimum FICO for FTHB)		Maximum DTI
1 Unit Only** 1-2 Units PUD Condo	90%**	$1,000,000	PASO56 - $100,000 PASO56J - $766,551 PASO76 - $100,000 PASO76J - $766,551 PASO106 - $100,000 PASO106J - $766,551	720		43%
	80%	$1,000,000		700		43%
	75%	$1,250,000		700		43%
	75%	$1,500,000		720		43%
	70%	$1,500,000		700		43%
Primary Residence: Rate and Term Refinance
Property Type	Maximum LTV/CLTV/HCLTV (Max LTV 70% with subordinate financing)	Maximum Loan Amount	Minimum Loan Amount	Minimum FICO Score		Maximum DTI
1 Unit Only** 1-2 Units PUD Condo	90%**	$1,000,000	PASO56 - $100,000 PASO56J - $766,551 PASO76 - $100,000 PASO76J - $766,551 PASO106 - $100,000 PASO106J - $766,551	720		43%
	80%	$1,000,000		700		43%
	75%	$1,250,000		700		43%
	75%	$1,500,000		720		43%
	70%	$1,500,000		700		43%
Primary Residence: Cash Out Refinance
Property Type	Maximum LTV/CLTV/HCLTV (Max LTV 70% with subordinate financing)	Maximum Loan Amount	Minimum Loan Amount	Maximum Cash Out	Minimum FICO Score	Maximum DTI
1 Unit PUD Condo	75%	$1,000,000	PASO56 - $100,000 PASO56J - $766,551 PASO76 - $100,000 PASO76J - $766,551 PASO106 - $100,000 PASO106J - $766,551	$250,000	720	43%
	70%	$1,250,000		$400,000	720	43%
	65%	$1,500,000		$500,000	720	43%
Second Home: Purchase/Rate and Term
Property Type	Maximum LTV/CLTV/HCLTV (Max LTV 70% with subordinate financing)	Maximum Loan Amount	Minimum Loan Amount	Maximum Cash Out	Minimum FICO Score	Maximum DTI
1 Unit PUD Condo	75%	$850,000	PASO56 - $100,000 PASO56J - $766,551 PASO76 - $100,000 PASO76J - $766,551 PASO106 - $100,000 PASO106J - $766,551	N/A	720	43%
	70%	$1,000,000		N/A	720	43%
	65%	$1,500,000		N/A	720	43%
Exceptions - There will be additional cost to either the rate and/or fee for exceptions. *Borrowers qualifying with only retirement income are considered W-2 Borrowers.

Self Employed Borrowers Only
Primary Residence: Purchase
Property Type	Maximum LTV/CLTV/HCLTV (Max LTV 70% with subordinate financing)	Maximum Loan Amount	Minimum Loan Amount	Minimum FICO Score (720 Minimum FICO for FTHB)		Maximum DTI
1 Unit Only** 1-2 Units PUD Condo	85%**	$1.000,000	PASO56 - $100,000 PASO56J - $766,551 PASO76 - $100,000 PASO76J - $766,551 PASO106 - $100,000 PASO106J - $766,551	720		43%
	75%	$1,000,000		700		43%
	70%	$1,250,000		700		43%
	70%	$1,500,000		720		43%
	65%	$1,500,000		700		43%
Primary Residence: Rate and Term Refinance
Property Type	Maximum LTV/CLTV/HCLTV (Max LTV 70% with subordinate financing)	Maximum Loan Amount	Minimum Loan Amount	Minimum FICO Score		Maximum DTI
1 Unit Only** 1-2 Units PUD Condo	85%**	$1,000,000	PASO56 - $100,000 PASO56J - $766,551 PASO76 - $100,000 PASO76J - $766,551 PASO106 - $100,000 PASO106J - $766,551	720		43%
	75%	$1,000,000		700		43%
	70%	$1,250,000		700		43%
	70%	$1,500,000		720		43%
	65%	$1,500,000		700		43%
Primary Residence: Cash Out Refinance
Property Type	Maximum LTV/CLTV/HCLTV	Maximum Loan Amount	Minimum Loan Amount	Maximum Cash Out	Minimum FICO Score	Maximum DTI
1 Unit PUD Condo	70%	$1,000,000	PASO56 - $100,000 PASO56J - $766,551 PASO76 - $100,000 PASO76J - $766,551 PASO106 - $100,000 PASO106J - $766,551	$250,000	720	43%
	65%	$1,250,000		$400,000	720	43%
	60%	$1,500,000		$500,000	720	43%
Second Home: Purchase/Rate and Term
Property Type	Maximum LTV/CLTV/HCLTV (Max LTV 70% with subordinate financing)	Maximum Loan Amount	Minimum Loan Amount	Maximum Cash Out	Minimum FICO Score	Maximum DTI
1 Unit PUD Condo	75%	$850,000	PASO56 - $100,000 PASO56J - $766,551 PASO76 - $100,000 PASO76J - $766,551 PASO106 - $100,000 PASO106J - $766,551	N/A	720	43%
	70%	$1,000,000		N/A	720	43%
	65%	$1,500,000		N/A	720	43%
Exceptions - There will be additional cost to either the rate and/or fee for exceptions.

ARM Summary

Products

5/6 SOFR ARM 30-Year Term Fully Amortizing 5 year Fixed
7/6 SOFR ARM 30-Year Term Fully Amortizing 7 year Fixed
10/6 SOFR ARM 30-Year Term Fully Amortizing 10 year Fixed
- Qualifying Rate
  - 5/6 SOFR ARM Greater of the fully indexed rate* or the Note Rate + 2.0%
    * Fully indexed rate = Index + Margin
7/6 SOFR ARM Note Rate + 1%
- 7/6 ARM may qualify at the Note Rate with the following requirements:
  - Minimum 730 Credit Score
  - Maximum LTV of 70%
  - No Exceptions
10/6 ARM Qualifying at the Note Rate

Ineligible Products/Attributes

Interest Only
Negative Amortization
Graduated Payments
Temporary Buydowns
Balloon Payments
Loans with Prepayment Penalties

Interest Rate Adjustment Caps

5/6: 5 Year Fixed

Initial: 2% up/down
Subsequent: 1% up/down
Lifetime: 5% up

7/6: 7 Year Fixed

Initial: 5% up/down
Subsequent: 1% up/down
Lifetime: 5% up

10/6: 10 Year Fixed

Initial: 5% up/down
Subsequent: 1% up/down
Lifetime: 5% up

Margin

Refer to Rate Sheet

Index

30 Day Avg SOFR (Secured Overnight Financing Rate)

Interest Rate Floor

Margin

Change Dates

5/6 ARM: 5 Year Fixed

The first Change Date is the 60th payment due date. Subsequent Change Dates are every six (6) months thereafter.

7/6 ARM: 7 Year Fixed

The first Change Date is the 84th payment due date. Subsequent Change Dates are every six (6) months thereafter.

10/6 ARM: 10 Year Fixed

The first Change Date is the 120th payment due date. Subsequent Change Dates are every six (6) months thereafter.

Conversion Option

None available

Assumption

Assumable during ARM period

Revised 02/22/2024