CORRESPONDENT FUNDING

HOMEREADY

CL-HR-1215

Broad Range of Solutions

Capital Market Expertise

Consistent Market Presence by Mortgage Professionals

You can’t lose with a HomeReady™ Mortgage!

HomeReady is designed to help lenders confidently serve today’s market of creditworthy, low- to moderate-income borrowers, with expanded eligibility for financing homes in designated low-income, minority, and disaster-impacted communities. The program features:

Not required to be a first-time homebuyer- Borrower cannot presently own other real estate

Lower MI costs Community Seconds (DPA) allowed Gifts and cash on hand permitted for down payment 30 Year Fixed Rate Non Traditional credit Conforming loan limits 97% LTV for 1 unit 85% LTV for 2 unit / 75% LTV for 3 and 4 unit 620 FICO to 45% DTI with DU approve / eligible No minimum borrower contribution for one

unit properties No income limits for properties located in

low-income census tracts Boarder Income and Rental Income from Accessory Unit is permitted up to 30% of qualifying income

LPMI available Eligible Property Types include:

- 1-4 Units- PUDS - Fannie Mae warrantable projects- Condos - Fannie Mae warrantable projects- Modular Pre-Cut / Panelized Housing- Manufactured Housing

HUD median income limits can be obtained at the following websites:- www.huduser.org- www.FFIEC.gov- www.fanniemae.com (Fannie Mae GeoCoder)

LTVHomeReady

Insurance Coverage

Standard MI Coverage

80.01% - 85% 12% 12%

85.01% - 90% 25% 25%

90.01% - 95% 25% 30%

95.01% - 97% 25% 35%

This information is being distributed to mortgage professionals and business entities only. It may not be distributed to consumers or used in any solicitation or advertisement for a mortgage loan, in whole or in part.

HomeReady Insurance Coverage

Contact your Sales Director today for more information:

Ditech Financial LLC. 1400 Landmark Towers, 345 St. Peter Street, St. Paul, MN 55102; 4250 North Freeway, Fort Worth, TX 76137; (800-423-9527). NMLS ID #1057. Arizona Mortgage Banker License #BK 0905674; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act and Finance Lenders Law; Colorado Responsible Party: Ditech Financial LLC, 800-423-9527; Georgia Residential Mortgage Licensee License #7220; Illinois Residential Mortgage Licensee; Massachusetts Mortgage Lender License #ML1057; Minnesota: This is not an offer to enter into an agreement, which offer may only be made pursuant to Minn. Stat. § 47.206 Subd. 3 and 4.; Mississippi Licensed Mortgage Company; Licensed by the New Hampshire Banking Department; Licensed by the N.J. Department of Banking and Insurance; Ohio Mortgage Broker Act Mortgage Banker Exemption #MBMB.850171.000; Rhode Island Licensed Lender and Licensed Small Loan Lender; Virginia: NMLS ID #1057 (www.nmlsconsumeraccess.org). ditech does not originate mortgage loans in New York. Limited product availability in West Virginia. HomeReady is a registered trademark of Fannie Mae.

©2015 Ditech Financial LLC