Slide 1: Indymac Rural Property
Indymac Alt-A
Number of Acres
20.01 - 30 30.01 - 40 40.01 - 50 > 50
Max LTV & CLTV
75% 70% 65% Not Permitted
Indymac NonPrime Loans
Number of Acres 10.01 - 20 > 20 Max LTV & CLTV 70% Not Permitted
Slide 2: Saxon Mortgage Land Value Ratios
Typically, land should not exceed 35% of the appraised value of the property
California, Connecticut, New York
Up to 80%, providing it is typical and customary for the area
Up to 50%, providing it is typical and customary for the area Up to 35%, providing it is typical and customary for the area
Florida
All other states
Slide 3: Saxon Mortgage Affordability Guidelines
Gross Monthly Income Per Household Maximum Debt To Income Ratio
Up to $1,000 $1,000 to $1,500 $1,501 to $5,559 $5,560 and above
40% 45% 50% 55%*
*Not available on all products. Refer to matrices for maximums allowed
Slide 4: Saxon Mortgage Disposable Income
LTV
0-70
0-70 70.01-90 70.01-90 70.01-90 90.01-100 90.01-100
DTI
0-50
50.01-55 0-45 45.01-50 50.01-55 0-45 45.01-50
Minimum Disposable Income
$1,000
$1,500 $1,000 $1,500 $2,000 $1,000 $1,500
90.01-100
50.01-55
$2,500
