PROGRAM: MAX LOAN AMOUNTS AS OF 01/01/09:

VA UP TO $417,000 MAX FOR ZERO DOWN

VA JUMBO UP TO $1.5 MILLION

FHA CONFORMING: UP TO $355,350 MAX

CONFORMING REGULAR: UP TO $417,000 MAX

NON CONFORMING (JUMBO): $417,001 TO $650,000 MAX

(2009 MAX LOAN LIMITS FOR RIVERSIDE & SAN BERNARDINO COUNTIES)

*VA JUMBO LOAN EXAMPLE:

THE FIRST $417,000 OF THE VA LOAN = $0 DOWN

ANY AMOUNT IN EXCESS OF $417,000 = 25% DOWN PAYMENT ON THAT AMOUNT

EXAMPLE: A TOTAL LOAN OF $450,000 WOULD BE $33,000 OVER THE NO MONEY DOWN LIMIT OF $417,000

YOUR 25% DOWN PAYMENT ON THAT $33,000 = $8,250 (1.83% DOWN)

THE BUYER (OR SELLER) IS REQUIRED TO PAY A VA FUNDING FEE IN CASH UP FRONT

THE FUNDING FEES CANNOT BE FINANCED ABOVE CONFORMING LOAN LIMIT OF $417,000

BORROWER/SELLER PAYS THE FUNDING FEE IN CASH FOR LOANS BETWEEN $417,000 AND $1.5 MILLION