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The matrix also states required DU/LP recommendations, minimum FICO thresholds, and Florida-specific condo limitations, alongside Jumbo loan caps and DU Refi Plus general limits and qualifying credit score rules.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/exam/","Exam",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/imc-conventional-eligibility-matrix/203435/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/imc-conventional-eligibility-matrix/203435.png","ImageObject",300,407,{"name":42,"@type":43},"Stanford","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-09","2026-09-04",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",5,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What approvals are required for these conventional loans?","Question",{"text":63,"@type":64},"All loans require a DU Approve/Eligible or LP Accept recommendation. Some products also specify that DU Refi Plus loans require a DU Approve/Eligible recommendation.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"How are maximum LTV/CLTV/HCLTV limits determined for principal residence versus second homes and investment properties?",{"text":68,"@type":64},"The matrix lists different caps based on transaction type and number of units for FNMA and FHLMC. Second homes and investment properties have distinct maximum LTV/CLTV/HCLTV values and additional restrictions, including condo limitations in Florida.",{"name":70,"@type":61,"acceptedAnswer":71},"What minimum credit score thresholds apply for DU Refi Plus and ARM products?",{"text":72,"@type":64},"DU Refi Plus sets minimum credit scores by property type: 660 for principal residences and 680 for second homes and investment properties. The ARM section provides index, margin, caps, and qualifying rate logic, while eligibility ratios are evaluated by AUS for DU Approve/Eligible.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},203435,1790361717,{"code":4,"msg":82,"data":83},"success",[84,88,92,95,99,104,109,114,119,122,126],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},"Story & 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Maximum LTV, CLTV, HCLTV | FHLMC Maximum LTV, CLTV, HCLTV |\n| Principal Residence |  |  |  |\n| Purchase\u003Cbr>Limited Cash-Out Refinance | 1 Unit | FRM: 95%3, 4 , 6\u003Cbr>ARM: 90%3, 6 | FRM: 95%3, 4 , 6 |\n|  | 2 Unit | FRM: 80%\u003Cbr>ARM: 75% | FRM: 80% |\n|  | 3-4 Units | FRM: 75%\u003Cbr>ARM: 65% | FRM: 80% |\n| Cash-Out Refinance | 1 Unit | FRM: 80%6\u003Cbr>ARM: 75% | FRM: 80%6 |\n|  | 2-4 Units | FRM: 75%\u003Cbr>ARM: 65% | FRM: 75% |\n| Second Homes |  |  |  |\n| Purchase\u003Cbr>Limited Cash-Out Refinance | 1 Unit | FRM: 90%3 , 7\u003Cbr>ARM: 80%7 | FRM: 85%3, 7 |\n| Cash-Out Refinance | 1 Unit | FRM: 75%7\u003Cbr>ARM: 65% | FRM: 75%7 |\n| Investment Property8 |  |  |  |\n| Purchase | 1 Unit | FRM: 80%\u003Cbr>ARM: 75% | FRM: 80% |\n|  | 2-4 Units | FRM: 75%\u003Cbr>ARM: 65% | FRM: 75% |\n| Limited Cash-Out Refinance | 1-4 Units | FRM: 75%\u003Cbr>ARM: 65% | FRM: 75% |\n| Cash-Out Refinance5 | 1 Unit | FRM: 75%\u003Cbr>ARM: 65% | FRM: 75% |\n|  | 2-4 Units | FRM: 70%\u003Cbr>ARM: 60% | FRM: 70% |\n\n1 All loans require a DU Approve/Eligible or LP Accept recommendation.  \n2 FNMA cash out loans in TX (not subject to 50(a)(6)) must be locked under correct TX FNMA cash out product codes.  \n3 Minimum FICO of 660 is required for condo LTVs that exceed 80%.  \n4 Minimum FICO of 680 is required for LTVs that exceed 90%.  \n5 Minimum FICO of680 is required.  \n6 Max LTV/ CLTV / HCLTV for principal residence condos in Florida is 75%.  \n7 Max LTV / CLTV /HCLTV for second home condos in Florida is 70%.  \n8 Condo investment properties are not allowed in Florida.  \n\n| Agency Jumbo Mortgage Loans 1 |  |  |  |\n| --- | --- | --- | --- |\n| Transaction Type | Number of Units | FNMA Maximum LTV, CLTV, HCLTV | FHLMC Maximum LTV, CLTV, HCLTV |\n| Principal Residence |  |  |  |\n| Purchase\u003Cbr>Limited Cash-Out Refinance | 1 Unit2 | FRM: 95%4\u003Cbr>ARM: 90%4 | FRM: 90%4 |\n|  | 2 Units3 | FRM: 80%4\u003Cbr>ARM: 75% | FRM: 75% |\n|  | 3-4 Units3 | FRM: 75%4\u003Cbr>ARM: 65% | FRM: 75% |\n| Cash-Out Refinance | 1 Unit3 | FRM: 80%4\u003Cbr>ARM: 75% | FRM: 75% |\n|  | 2-4 Units3 | FRM: 75%\u003Cbr>ARM: 65% | FRM: 65% |\n| Second Home |  |  |  |\n| Purchase\u003Cbr>Limited Cash-Out Refinance | 1 Unit3 | FRM: 90%5\u003Cbr>ARM: 80%5 | FRM: 80%5 |\n| Cash-Out Refinance | 1 Unit3 | FRM: 75%5\u003Cbr>ARM: 65% | FRM: 65% |\n| Investment Property6 |  |  |  |\n| Purchase | 1 Unit3 | FRM: 80%\u003Cbr>ARM: 75% | FRM: 80% |\n|  | 2-4 Units3 | FRM: 75%\u003Cbr>ARM: 65% | FRM: 70% |\n| Limited Cash-Out Refinance | 1 Unit3 | FRM: 75%\u003Cbr>ARM: 65% | FRM: 75% |\n|  | 2-4 Units3 | FRM: 75%\u003Cbr>ARM: 65% | FRM: 70% |\n| Cash-Out Refinance | 1 Unit3 | FRM: 75%\u003Cbr>ARM: 65% | FRM: 65% |\n|  | 2-4 Units3 | FRM: 70%\u003Cbr>ARM: 60% | FRM: 65% |\n\n1 All loans require a DU Approve/Eligible or LP Accept recommendation.  \n2 Minimum FICO of680 is required.  \n3 Minimum FICO of 700 is required.  \n4 Max LTV/ CLTV / HCLTV for principal residence condos in Florida is 75%. 5 Max LTV / CLTV /HCLTV for second home condos in Florida is 70%.  \n6 Condo investment properties are not allowed in Florida.  \n\n| DU Refi Plus 1, 2 (General loan limits) |  |  |  |\n| --- | --- | --- | --- |\n| Transaction Type | Number of Units | Maximum LTV, CLTV, HCLTV | Minimum Credit Score |\n| Limited Cash-Out Refinance, Fully Amortizing ≤ 30 Year Term |  |  |  |\n| Principal Residence | 1-4 Units | FRM: 105% / 110% / 110%\u003Cbr>ARM: 105% / 105% / 105% | 660 |\n| Second Home | 1 Unit | FRM: 105% / 110% / 110%\u003Cbr>ARM: 105% / 105% / 105% | 680 |\n| Investment Property | 1-4 Units | FRM: 105% / 110% / 110%\u003Cbr>ARM: 105% / 105% / 105% | 680 |\n\n1 All loans require a DU Approve/Eligible recommendation.  \n2 DU Refi Plus loans cannot require mortgage insurance.  \n\n| ARM Product Summary |  |\n| --- | --- |\n| Index | London Interbank offered rate for twelve month United States dollardenominated deposits, as published in the Wall Street Journal (Libor) . |\n| Margin | 2.25% |\n| Rate | Equal to the note margin plus index rounded to the nearest 0. 125% . Subject ","cbCaivpTxLV3CEfF","https://ap.wps.com/l/cbCaivpTxLV3CEfF","pdf",161764,"English","# Standard Eligibility Requirements\n## Principal Residence\n## Second Homes\n## Investment Property\n# Agency Jumbo Mortgage Loans\n## Principal Residence\n## Second Home\n## Investment Property\n# DU Refi Plus (General loan limits)\n## Limited Cash-Out Refinance\n## Minimum Credit Score\n# ARM Product Summary\n## Index and Margin\n## Caps and Rate Adjustments\n## Qualifying Rate and Ratios","[{\"question\":\"What approvals are required for these conventional loans?\",\"answer\":\"All loans require a DU Approve/Eligible or LP Accept recommendation. Some products also specify that DU Refi Plus loans require a DU Approve/Eligible recommendation.\"},{\"question\":\"How are maximum LTV/CLTV/HCLTV limits determined for principal residence versus second homes and investment properties?\",\"answer\":\"The matrix lists different caps based on transaction type and number of units for FNMA and FHLMC. Second homes and investment properties have distinct maximum LTV/CLTV/HCLTV values and additional restrictions, including condo limitations in Florida.\"},{\"question\":\"What minimum credit score thresholds apply for DU Refi Plus and ARM products?\",\"answer\":\"DU Refi Plus sets minimum credit scores by property type: 660 for principal residences and 680 for second homes and investment properties. The ARM section provides index, margin, caps, and qualifying rate logic, while eligibility ratios are evaluated by AUS for DU Approve/Eligible.\"}]","IMC Conventional Eligibility Matrix | PDF",1788560795]