The result of dividing the combined unpaid principal balance (UPB) amounts of the first and all subordinate mortgages (excluding undrawn home equity lines of credit amounts) by the value of the subject property.
Valid Values:
Valid format is “###.####”; for example, enter 70% as “70” or “70.0000” up to 4 decimal places.
When to Use:
Required for all loans.
How to Use:
Enter the total loan-to-value (TLTV) ratio calculated in accordance with Guide Section 4203.1(a).
For financed permanent buydown Mortgages, calculate using the Mortgage amount that includes the financed discount points.
For super conforming Mortgages, calculate using the lower of the appraised value, field review value, or sales price.
