Conventional Conforming vs. High-Balance vs. Non ...

1 Loan Type: Features: vs. Non- Conforming /Jumbo Mortgages Conventional Conforming vs. High-Balance Any loan amount of $424,100 or less Loan that meets certain guidelines as set forth by Fannie Mae and Freddie Mac Offer ed in fixed and adjustable rate terms Minimum down payment as low as 3% Minimum FICO of 6 20 Down payment and closing costs may be funded by a gift Privat e mortgage insurance (borrower or lender paid) Higher debt-to-income (DTI) ratio Homebuyers who need a non-oc cupant co-borrower Lower inter est rate and APR Loan amount exceeds the Conforming loan limits set forth by Fannie Maeand Freddie Mac in higher cos t ar eas Loan amount > $424,100 to $636,150 in those higher cost areas Offer ed in fixed and adjustable rate terms Minimum down payment as low as 5% Minimum FICO of 6 20 Down payment and closing costs may be funded by a gift Privat e mortgage insurance (borrower or lender paid) Higher debt-to-income (DTI)

2 Ratio Homebuyers who need a non-oc cupant co-borrower Lower inter est rate and APR in comparison to jumbo mortgages Loan amount exceeds the Conforming and High-Balance loan limits setforth b y F annie Mae and Freddie Mac in higher cost ar eas Loan must meet privat e investor guidelines Offer ed in fixed and adjustable rate terms Minimum down payment as low as 10% Minimum FICO of 680 Borrower must contribute at least 5% of their own funds for the down payment Privat e mortgage insurance (borrower or lender paid) Maximum debt-to-income (DTI) ratio at 4 3% Minimum of 6 months reserves depending on loan size Competitive inter est rate and APRC onventional Fixed-Rate MortgageConventional Hig h- balance MortgageConventional Non- Conforming Jumbo Mortgage first mortgage products are provided by Premia Mortgage, LLC dba Premia Relocation Mortgage.

3 Premia Mortgage, LLC dba Premia Relocation Mortgage offers many loan products; contact a representative to learn more. Premia Mortgage, LLC dba Premia Relocation Mortgage may not be available in your area. This is not a commitment to lend. Arizona Mortgage Banker License # 0918547;Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act RMLA# 4131152; Georgia Residential Mortgage Licensee # 32263; Illinois Residential MortgageLicensee # ; Massachusetts Mortgage Lender License # ML 458540; Licensed by the Mississippi Department of Banking and Consumer Finance; Missouri Residential Mortgage Loan BrokerLicense #15-2170 (Premia's in state office is located at 311 West Kansas Ave.)

4 , Independence, MO 64050); Licensed by the New Hampshire Banking Department; Licensed by the Department of Banking and Insurance; Licensed Mortgage Banker Banking Department; Rhode Island Licensed Lender; Registered under Texas SML Mortgage Banker Registration; Virginia State CorporationCommission Lender License #MC-5820; Washington Consumer Loan Company License #CL-458540; for State of Nevada residents Premia Mortgage, LLC is a mortgage lender promoting the loan productsor services contained in this article; the business phone number that Premia Mortgage maintains on file with the State of Nevada Department of Business and Industry is (248) 641-1540.

5 Premia Mortgage, LLC dba Premia Relocation Mortgage is headquartered at 5480 Corporate Drive, Suite # 240, Troy, MI 48098, (248) 641-1540. 2017 Premia Mortgage, LLC dba Premia Relocation Mortgage. All Rights Reserved. NMLS ID 458540 ( ).