One to Four units:

Conventional:  $548,250 conforming loan limit, High price area loan limit $822,375 Jumbo loans up to $3,500,000

a) Purchase up to 97 percent LTV Purpose: primary residence one unit.

b) Purchase up to 75 percent LTV Purpose: Second home and investment.

c)  Refinance up to 75 percent LTV - Purpose: primary, second, and investments

d) Cash-out up to 75 percent LTV -Purpose: primary, second, and investments

 

FHA: conforming limit: $548,250, High price area limit: $822,375

a) Purchase and Refinance up to 97.75 percent LTV (minimum 3.50 percent down payment for purchase) primary residence.

 

Nonprime: Maximum loan limit up to $2,500,000

a) Purchase up to 75 percent LTV - Purpose: primary, second, and investments

b) Refinance up to 75 percent LTV - Purpose: primary, second, and investments

 

Nonprime: Maximum loan limit up to $5,000,000

a) Purchase up to 70 percent LTV - Purpose: investments

b) Refinance up to 70 percent LTV - Purpose: investments

 

Multifamily 5 units or more and Apartments: Maximum loan amount up to $10,000,000

a) Purchase up to 85 Percent LTV

b) Refinance up 75 percent LTV (Average 60 percent LTV)

c) Fannie Mae and Freddie Mac - small balance loans.

 

Multifamily and Apartments: Maximum loan amount up to $50,000,000

a) Purchase up to 70 Percent LTV

b) Refinance up 65 percent LTV (Average 50 percent LTV)

 

Commercial Retail and Mix-use: Maximum loan amount up to  $10,000,000

a) Purchase and Refinance up to 65 percent LTV

 

Small business loans: Maximum loan amount up to $5,000,000

a) Purchase up to 90 percent LTV

b) Refinance up to 90 percent LTV

 

 

 

 

Note:

1 to 4 units: DTI range from 38 percent to 56.99 percent

Commercial loans: DSCR Starting 1:1 for bridge loans and 1.25 to 1.45  commercial and apartments loans.

Business loans: DSCR 1.25 and up.