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Product Matrices
We provide this information to seller/servicers, mortgage brokers and
bankers for reference purposes only. Consult the
Indymac Bank Lending Guide
for complete, authoritative details
on products, programs, procedures, and our representations and warranties.
Maximum LTV and CLTV Requirements
These guidelines do not apply to loans made to non-permanent resident aliens.
Note: MI required for LTV's > 80%.
| Primary Residence |
Purchase Transaction |
No Cash-Out Refinance |
Cash-Out
Refinance |
| Units In Property |
Maximum Loan Amount1 |
LTV |
CLTV |
LTV |
CLTV |
LTV |
CLTV |
| 1 |
$417,000 |
95%2 |
95%2 |
95%2 |
95%2 |
85%4 |
85%4 |
| 2 |
$533,850 |
95%2 |
95%2 |
95%2 |
95%2 |
85%5 |
85%5 |
| 3 |
$645,300 |
80%3 |
75%3 |
80%3 |
80%3 |
75%6 |
75%6 |
| 4 |
$801,950 |
80%3 |
80%3 |
80%3 |
80%3 |
75%6 |
75%6 |
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1 Maximum loan amount for property located in contiguous 48 states and D.C. Higher loan amounts permitted for Alaska and Hawaii. Refer to the Maximum Conforming Loan Amounts table below.
2 Maximum LTV is 90% if subordinate financing is involved. 95% LTV permitted with no subordinate financing.
3 Maximum LTV is 75% if subordinate financing is involved. 80% LTV permitted with no subordinate financing.
4 Secondary financing not permitted for LTV's greater than 80%.
5 Secondary financing not permitted for LTV's greater than 75%.
6 Secondary financing not permitted.
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| Second Home |
Purchase Transaction |
No Cash-Out Refinance |
Cash-Out
Refinance |
| Units In Property |
Maximum Loan Amount1 |
LTV |
CLTV |
LTV |
CLTV |
LTV |
CLTV |
| 1 |
$417,000 |
95%2 |
95%2 |
95%2 |
95%2 |
85% |
85%3 |
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1 Maximum loan amount for property located in contiguous 48 states and D.C. Higher loan amounts permitted for Alaska and Hawaii. Refer to the Maximum Conforming Loan Amounts table below.
2 Maximum LTV is 90% if subordinate financing is involved.
3 Subordinate financing not permitted.
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| Investment Property |
Purchase Transaction |
No Cash-Out Refinance |
Cash-Out
Refinance |
| Units In Property |
Maximum Loan Amount1 |
LTV |
CLTV |
LTV |
CLTV |
LTV |
CLTV |
| 1 |
$417,000 |
90% |
95% |
90% |
95% |
85%2 |
85%2 |
| 2 |
$533,850 |
90% |
95% |
90% |
95% |
85%3 |
85%3 |
| 3 |
$645,300 |
70% |
70% |
70% |
70% |
n/a |
n/a |
| 4 |
$801,950 |
70% |
70% |
70% |
70% |
n/a |
n/a |
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1 Maximum loan amount for property located in contiguous 48 states and D.C. Higher loan amounts permitted for Alaska and Hawaii. Refer to the Maximum Conforming Loan Amounts table below.
2 Maximum LTV/CLTV is 65% if subordinate financing is involved.
3 Maximum LTV is 60% if subordinate financing is involved.
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Maximum Conforming Loan Amounts1
| Number Of Units |
Contiguous 48 states + D.C. |
Alaska & Hawaii |
| 1 |
$417,000 |
$625,500 |
| 2 |
$533,850 |
$800,775 |
| 3 |
$645,300 |
$967,950 |
| 4 |
$801,950 |
$1,202,925 |
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1 Property located in Alabama, Guam, Puerto Rico and Virgin Islands is ineligible. |
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Guidelines are only for reference. Refer to the Indymac Bank Lending Guide for detailed information on products, programs, procedures, representations and warranties.
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