SPECIAL FHA PROGRAM
Description: Greater flexibility in accommodating a borrower's needs or preference. FHA Jumbo is available to qualified borrowers who live in, or move to an area with high
median housing prices by 12/31/08 as per the Economic Stimulus Act of 2008

MIN FICO SCORE: 580
STATES LOAN IS SERVICED IN: CT, DC, FL, MD, NC, NJ, PA, VA

LOAN REQUIREMENTS:

*PRIMARY RESIDENCE: 97.75% LTV 1-4 Unit
Purchase/Rate/Term Refinance

*PRIMARY RESIDENCE: 95.00% LTV 1-2 Unit (85% LTV if a
Cash-Out Refinance 85.00% LTV 3-4 Unit

*STREAMLINE REFINANCE: Up to 97.75% LTV for 1-4 Unit
No credit qualifying

*MAXIMUM LOAN AMOUNT: Set by HUD and variable by county

*RATIOS: 31/43 (may exceed with compensating factors)

*CASH RESERVES: 1-2 Unit None required
3-4 Unit 3-month reserves

*SELLER'S: Up to 6%

*ELIGIBLE PROPERTIES: 1-4 Unit (including eligible Condomin
iums, PUD's & Modular homes)

*ELIGIBLE BORROWERS: U.S. Citizens, Peranent and Non-Permanent residential aliens.

*GIFTS: Allowed for down-payment, closing costs and pre-paids

*INCOME LIMITS: None