by Hurst Lending

TPO Pre-Screen

Buy Before You Sell Scenario Finder

Preliminary scenario finder for mortgage professionals. The program is selected automatically from the property states. This is not a credit approval.

Production form: scenario fields start blank. Required fields are highlighted when missing. Dollar amounts automatically add commas as you type. Enter 0 where a required dollar field has no balance rather than leaving it blank.

Scenario / Originator Information

Scenario Reference Optional. Do not enter Social Security numbers, account numbers or other confidential borrower information.

Loan Officer Name

NMLS Number

Company / Branch

Loan Officer Email

Loan Officer Phone

New Home

New Home State

New Home Purchase Price / Value Use the lower of purchase price or appraised value when known.

Requested Loan Amount

New Home Property Type

Owner Occupied?

New Home Monthly Property Taxes (optional) If blank, the tool uses the new-home state's property-tax estimate.

New Home Insurance Premium (optional) If blank, the tool uses the new-home state's standardized monthly insurance default.

Departing / Exit Home

Departing Home State Current Cross BBYS model requires both properties to be in the same state.

Exit Home Estimated Value

Total Existing Liens on Exit Home Include 1st mortgage, HELOC and other liens.

Exit Home Property Type

Exit Home PITI (monthly)

Borrower / Underwriting

Credit Score

Available Assets / Reserves Required for eligibility

Checking / Savings / Liquid Cash

Brokerage / Mutual Funds / Securities

401(k) / IRA / Retirement — Vested Balance

Cash/savings and brokerage/securities are counted at 100% for this initial screen. Retirement assets are conservatively counted at 70% of vested balance. Ribbon underwriting will verify actual cash-to-close and post-closing assets during full review.

3+ Open Tradelines in Good Standing?

Open Non-Medical Collections or Charge-Offs? A Yes response is ineligible under the current program rules.

Late Mortgage Payments in the Last 24 Months? A Yes response is ineligible under the current program rules.

Preliminary Result

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Scenario / Originator

Scenario—

Loan Officer—

NMLS—

Company / Branch—

Contact—

Cross-Collateral Calculation

Scenario Structure

Estimated New Home PITI

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Interest + taxes + insurance

Total 6-Month Reserve Requirement

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New-home reserve + departing-home reserve

Usable Reserves for Qualification

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Guideline-adjusted reserve assets used for this pre-screen

Reserve Surplus / (Shortfall)

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Usable reserves less required reserves

More Scenario Detail

New Home LTV

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Max 100%

Exit Home Gross Equity

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Value less existing liens

Requested Loan / Cross Limit

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100% means requested loan equals calculated cross-collateral limit

Payment Basis Loan Amount

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Lesser of requested loan and applicable program maximum

BBYS Note Rate

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Current BBYS bridge rate

Monthly Interest-Only Payment

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Approved loan amount × note rate ÷ 12

Estimated Monthly Property Taxes

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State average estimate

Estimated Monthly Homeowners Insurance

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State default

Exit Equity for Asset Analysis

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Value discounted 10% for selling costs, less liens

Cross-Collateral Loan Limit

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80% × (new-home purchase price + departing-home value) − existing departing-home debt

Maximum Cross Collateral BBYS Loan

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Lesser of new-home purchase price, Cross-Collateral Loan Limit, or $1.5MM program max

Reserve Calculation Detail

New Home — 6 Months PITI

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6 × new-home monthly PITI

Departing Home — 6 Months PITI

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6 × departing-home monthly PITI

Cash / Savings Eligible

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100% of entered liquid cash

Brokerage Eligible

—

100% for initial screen

Retirement Eligible

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70% of vested balance

Total Raw Reserve Assets

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Before guideline discounts

Total Eligible Reserve Assets

—

After asset-category guideline discounts

Usable Reserve Assets

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Amount used for the initial reserve test

Calculation note: Cross-Collateral Loan Limit = 80% × (new-home purchase price + departing-home value) − existing departing-home debt. The Maximum Cross Collateral BBYS Loan is the lesser of that calculated limit, the new-home purchase price, or the $1.5MM program maximum. The separate 10% selling-cost haircut shown for exit-home equity is used only for the asset analysis.

Ribbon BBYS pre-screen only. The selected program is manually underwritten and final eligibility remains subject to Ribbon review of income, takeout qualification, collateral, title, appraisal, flood, compliance and any exception request.