Product Eligibility Matrix
TPO / Wholesale
Product Eligibility Matrix
Last updated 06/2026
LTV / CLTV / HCLTV shown as Fixed · ARM
| Product | Occupancy | Units | Purchase LTV / CLTV / HCLTV |
LCOR LTV / CLTV / HCLTV |
Cash-Out Refi LTV / CLTV / HCLTV |
Min FICO* | Max DTI* |
|---|---|---|---|---|---|---|---|
Conventional DU / High Balance High Balance available for DU only |
Primary Residence | 1 Unit | Fixed 97% (HB 95%) · ARM 95% | — | Fixed 80% · ARM 80% | 620² | 50% |
| 2 Unit | Fixed 95% · ARM 85% | — | Fixed 75% · ARM 75% | ||||
| 3–4 Unit | Fixed 95% · ARM 75% | — | — | ||||
| Second Home | 1 Unit | Fixed 90% · ARM 90% | — | Fixed 75% · ARM 75% | |||
| Investment | 1 Unit | Fixed 85% · ARM 85% | Fixed 75% · ARM 75% | Fixed 75% · ARM 75% | |||
| 2–4 Unit | Fixed 75% · ARM 75% | — | Fixed 70% · ARM 70% | ||||
Conventional LPA No High Balance |
Primary Residence | 1 Unit | Fixed 97%¹ · ARM 95% | — | Fixed 80% · ARM 80% | 620² | 50% |
| 2 Unit | Fixed 85% · ARM 80% | — | Fixed 75% · ARM 75% | ||||
| 3–4 Unit | Fixed 80% · ARM 80% | — | — | ||||
| Second Home | 1 Unit | Fixed 90% · ARM 90% | — | Fixed 75% · ARM 75% | |||
| Investment | 1 Unit | Fixed 85% · ARM 85% | — | Fixed 75% · ARM 75% | |||
| 2–4 Unit | Fixed 75% · ARM 75% | — | Fixed 70% · ARM 70% | ||||
HomeReady / Home Possible* |
Primary Residence | 1 Unit | 97% | — | — | 620 | 50% |
| 2–4 Unit | 95% | — | — | ||||
FHA |
Primary Residence | 1–4 Unit | 96.5% | 97.75% | 80% | 580¹ | AUS Approval |
| Streamline — Credit Qualifying | 1–4 Unit | — | 97.75% | — | 620 | N/A | |
| Streamline — Non Credit Qualifying | — | 640 | |||||
VA |
Primary | 1–4 Unit | 100% | — | 100%³ | 600 | 60% |
| IRRRL | 1–4 Unit | — | 100% | — | 620 | 60% | |
Rural Development |
Primary Residence | 1 Unit | 100 / 102% after Gfee | — | — | 620 | GUS Approval |
HomeStyle Reno |
Primary Residence | 1 Unit | 97% | — | — | 620 | Approve / Eligible |
| 2–4 Unit | 95% | — | — | 620 | Approve / Eligible | ||
| Second Home | 1 Unit | 90% | — | — | 620 | Approve / Eligible | |
| Investment | 1 Unit | 85% | — | — | 620 | Approve / Eligible | |
| 2–4 Unit | 75% | — | — | 620 | Approve / Eligible | ||
FHA High Balance |
Primary Residence No streamlines |
1–4 Unit | 96.5% | — | 85% | 720 | 55% |
VA High Balance |
Primary Residence | 1–4 Unit | 100% | — | — | 720 | 60% |
(1) Other restrictions may apply, please see Guide.
* Please see product page for additional specialty products, such as Jumbo and Expanded.
(2) For LTVs > 95% on purchase transactions, borrower must be FTHB unless combined with HomeReady; for LCOR, the loan must be owned or securitized by Fannie.
(3) VA COR over 90% requires to be locked in a separate product in Optimal Blue.
Other
All Fannie Mae / Freddie Mac / Standard FHA / VA / USDA guidelines and restrictions apply. Must meet QM guidelines.
Please reference the official client guide located on www.gmfspartners.com for additional product-specific information or overlays.
*All guidelines are subject to change without notice.