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FHA Traditional Fixed & ARM Purchase
(The 6016 Loan Program)


Qualifying Scenario Examples*

	Scenario 1 * 97% LTV Full Doc Primary Residence 1/1 Treasury ARM 2.25 Margin	Scenario 2* 97% LTV Full Doc Primary Residence 30 Yr Fixed 2-1 Buydown	Scenario 3* 97% LTV Full Doc Primary Residence 30 Yr Fixed	Scenario 4* 97% LTV Full Doc Primary Residence 3/1 Treasury ARM

*Other scenarios may qualify.



	6016: General Guidelines
	OO - Purchase
	15, 20, 25 & 30 Yr Fixed
	1, 3, 5 Yr Treasury ARMS
	580 Min FICO®
	Manual/Traditional Underwriting Accepted
	View the entire Product Guideline:

Value Points!

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	Instant E-Mail Notifications of Loan Status
	100% Electronic file submission
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Legend
LTV=Loan to Value CLTV=Combined Loan to Value AUS=Automated Underwriting System PUD=Planned Unit Development	YSP=Yield Spread Premium PPP=Pre Payment Penalty FHA=Federal Housing Administration ARM=Adjustable Rate Mortgage	OO=Owner Occupied NOO=Non Owner Occupied HUD=Housing & Urban Development FICO® score=Fair Isaac Corporation score or Beacon® score

6016: General Guidelines

OO - Purchase

15, 20, 25 & 30 Yr Fixed

1, 3, 5 Yr Treasury ARMS

580 Min FICO®

Manual/Traditional Underwriting Accepted

View the entire Product Guideline:

Value Points!

  Loan Choices™ with Predictive Analytics

  Instant E-Mail Notifications of Loan Status

  100% Electronic file submission

  On-line locks until midnight (PST)

  Personal Service

  Become Approved - Fill Out Form


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FHA Traditional Fixed & ARM Purchase (The 6016 Loan Program)

FHA Traditional Fixed & ARM Purchase
(The 6016 Loan Program)