Signature Expanded product suite (all products)
The document outlines the Signature Expanded mortgage product suite, which includes Full Doc, Bank Statement, 1099 Only, P&L Only, WVOE Only, Asset Qualifier, Investor Cash Flow (DSCR), and Foreign National products. It directs readers to Chapter 5 for product‑specific underwriting requirements and to Exhibits B–F for eligibility matrices that determine LTV/CLTV, FICO, and loan‑amount limits based on documentation type, occupancy, and purpose. The guide then summarizes high‑impact, cross‑product rules: - DTI qualification applies to all but Asset Qualifier and Investor Cash Flow loans, with standard max DTI of 50 % (≤85 % LTV/CLTV) or 43 % (>85 % LTV/CLTV) and a possible 55 % exception for Full Doc under strict criteria. - Standard loan terms are 15 or 30 years; 40‑year terms are allowed only with interest‑only features, max 80 % LTV/CLTV, min 680 FICO, and are unavailable on 5/6 ARM products. - First‑time home‑buyer (FTHB) overlays impose tighter LTV/CLTV caps for P&L Only and WVOE Only loans and restrict gift funds and rental‑payment history requirements. - Non‑occupant co‑applicant (NOCB) structuring is permitted for all products except Investor Cash Flow, using either a 5 % LTV/CLTV reduction with full income blending or a front‑end HTI ≤ 60 % with occupant‑fund contribution. - For Foreign National borrowers, only Asset Qualifier and Investor Cash Flow/DSCR products are available; all other documentation methods are ineligible. The document serves as an internal underwriting reference, consolidating product scopes, documentation pathways, and the key eligibility constraints that underwriters must apply across the Signature Expanded suite.
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Signature Expanded Product Portfolio Overview
Lists the eight mortgage products (Full Doc, Bank Statement, 1099 Only, P&L Only, WVOE Only, Asset Qualifier, Investor Cash Flow/DSCR, Foreign National) that comprise the Signature Expanded suite.