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FNMA GUIDELINES FNMA Program Guidelines v

FNMA GUIDELINES Residential Bancorp FNMA Program GUIDELINES - 1 - FNMA GUIDELINES Guideline Table of Contents A. Program MATRICES .. - 5 - Purchase and Limited Cash Out Table / ARM Refinance Table .. - 5 - Cash Out Refinance Table .. - 6 - High Balance Purchase and Limited Cash-Out Refinance Table .. - 7 - High Balance Cash Out Refinance Table .. - 7 - AGE OF DOCUMENTS .. - 8 - ARMS .. - 8 - - 8 - Bank Statements/Verification of Deposit .. - 8 - Business Assets .. - 9 - Gifts .. - 9 - Gift Equity .. - 11 - Interested Parties - 11 - Joint Accounts .. - 12 - Large Deposits .. - 12 - Like-Kind Exchanges (1031 Exchange) .. - 13 - Citizen Deposited Funds .. - 13 - Reserves .. - 14 - Retirement Accounts .. - 14 - Stocks, Stock Options, Bonds, and Mutual Funds .. - 15 - AUS RECOMMENDATIONS ALLOWED.

Second Home or Investment Property ..... - 36 - Investment Properties.....

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