Indymac Rural Property

Indymac Alt-A

Number of Acres Max LTV & CLTV

20.01 - 30 75%

30.01 - 40 70%

40.01 - 50 65%

> 50 Not Permitted

Indymac NonPrime Loans

Number of Acres Max LTV & CLTV

10.01 - 20 70%

> 20 Not Permitted

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

Florida

Up to 50%, providing it is

typical and customary for

the area

All other states

Up to 35%, providing it is

typical and customary for

the area

Saxon Mortgage Affordability Guidelines

Gross Monthly Income

Per Household

Maximum Debt To

Income Ratio

Up to $1,000 40%

$1,000 to $1,500 45%

$1,501 to $5,559 50%

$5,560 and above 55%*

*Not available on all products. Refer to matrices for maximums allowed

Saxon Mortgage Disposable Income

LTV DTI

Minimum

Disposable

Income

0-70 0-50 $1,000

0-70 50.01-55 $1,500

70.01-90 0-45 $1,000

70.01-90 45.01-50 $1,500

70.01-90 50.01-55 $2,000

90.01-100 0-45 $1,000

90.01-100 45.01-50 $1,500

90.01-100 50.01-55 $2,500