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Credit Matrix

Loan Purpose
Maximum Loan Term
Minimum Loan Term
Maximum Loan Size
Minimum Loan Size
Rates Starting at
Points Starting at
Maximum Leverage Ratios
Maximum LTPP - FICO >=700
Maximum LTPP - FICO <700
Maximum LTARV - FICO >=700
Maximum LTARV - FICO<700
Minimum Guarantor
Track Record
FICO >=700
FICO <700
Minimum Guarantor
CAPFUND Track Record
FICO >=700
FICO <700
Minimum Interest Escrow
Property Condition
Prepayment Penalites
Acquisition
12 months
None
$350,000
$50,000
10.49%
2
 
70.0%
65.0%
67.5%
62.5%
 
2 prior deals with HUD’s
in last 3 years
4 prior deals with HUD’s
in last 3 years
 
N/A
1 satisfied CAPFUND loan
3 months of interest and
taxes escrowed
Any
N/A

Loan Purpose

Acquisition

Maximum Loan Term

12 months

Minimum Loan Term

None

Maximum Loan Size

$350,000

Minimum Loan Size

$50,000

Rates Starting at

10.49%

Points Starting at

2

Maximum Leverage Ratios

Maximum LTPP – FICO >=700

70.0%

Maximum LTPP – FICO <700

65.0%

Maximum LTARV – FICO >=700

67.5%

Maximum LTARV – FICO<700

62.5%

Minimum Guarantor Track Record

FICO >=700

2 prior deals with HUD’s in last 3 years

FICO <700

4 prior deals with HUD’s in last 3 years

Minimum Guarantor CAPFUND Track Record

FICO >=700

N/A

FICO <700

1 satisfied CAPFUND loan

Minimum Interest Escrow

3 months of interest and taxes escrowed

Property Condition

Any

Prepayment Penalties

N/A

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