Products
1
State
Geographic Restrictions Table2
Restriction
ALASKA
ARIZONA
CALIFORNIA
Properties located in the state of Alaska are not eligible for financing
Declining Counties identified. Mandatory 5% LTV reduction. See Declining Counties Exhibit
JUMBO
CALIFORNIA
 Declining Counties identified. Mandatory 5% LTV reduction. See Declining Counties Exhibit
 Earthquake coverage for Condominiums: Loans on condominiums must comply with Fannie Mae’s
salability requirements.
JUMBO
JUMBO
COLORADO
D.C.
FLORIDA
Declining Counties identified. Mandatory 5% LTV reduction. See Declining Counties Exhibit
Declining Counties identified. Mandatory 5% LTV reduction. See Declining Counties Exhibit
ALL
JUMBO
STD/STD
CLUES &
MCM
STATED/
STATED
CLUES
 See Exhibit “A” for SPECIFIC restrictions
 Wholesale loans are not eligible
 Dade County – The following restrictions apply for loans secured on properties located in Dade
County: Condominiums and attached PUDs: projects must be review for right of
first refusal.
 Maximum LTV for condominiums must be reduced by 10%
 For properties other than condo’s: Declining Counties identified. Mandatory 5% LTV reduction.
See Declining Counties Exhibit
 Wholesale loans are not eligible
 Retail Only: Title V states that dwellings with individual sewage disposal systems, new and
existing, must be inspected by a DEP approved inspector and, where repairs are indicated, be
repaired prior to loan closing for all purchase transactions. Specific procedures
must be followed in the event that the inspection and/or repairs cannot be completed prior to
closing.
JUMBO
FLORIDA
STATED/
STATED
CLUES
MASSACHUSETTS
ALL
MASSACHUSETTS
MARYLAND
MICHIGAN
MISSOURI
Declining Counties identified. Mandatory 5% LTV reduction. See Declining Counties Exhibit
MONTANA
No loan may be secured by property of more than 40 acres.
NEVADA
Clark County: Loans secured on properties located in Clark County are subject to additional appraisal
requirements. Refer to Exhibit “B” below for details.
NEVADA
NEW
HAMPSHIRE
NEW JERSEY
NEW YORK
OHIO
PENNSYLVANIA
RHODE
ISLAND
TEXAS
Cash-out (a)(6)
Declining Counties identified. Mandatory 5% LTV reduction. See Declining Counties Exhibit
Declining Counties identified. Mandatory 5% LTV reduction. See Declining Counties Exhibit
West
VIRGINIA
VIRGINIA
Loans secured by properties located in the state of West Virginia are not eligible
ALL
ALL
STATED/
STATED
CLUES
STATED/
STATED
CLUES
STATED/
STATED
CLUES
JUMBO
ALL
ALL
ALL
ALL
ALL
ALL
ALL
ALL
ALL
Declining Counties identified. Mandatory 5% LTV reduction. See Declining Counties Exhibit
Declining Counties identified. Mandatory 5% LTV reduction. See Declining Counties Exhibit
St. Louis, Green Jade Estates Subdivision:
Financing is not allowed.
Declining Counties identified. Mandatory 5% LTV reduction. See Declining Counties Exhibit
Loans secured by properties located in the state of New York are not eligible.
Loans secured by properties located in the state of Ohio are not eligible.
Loans secured by properties located in the state of Pennsylvania are not eligible.
Declining Counties identified. Mandatory 5% LTV reduction. See Declining Counties Exhibit
Cash-out refinance transactions (a)(6) loan transactions (when permitted) must meet applicable state
law requirements in addition to specific product restrictions.
Refer to applicable product guidelines FOR SPECIFIC RESTRICTIONS.
Loans secured by properties located in the state of Virginia are not eligible
Please Note:
1
“ALL” means all products offered by Sierra Pacific Mortgage, excluding Government Loans and First House.
2
If a property has been identified as being in a declining market, whether by the appraiser or appraisal review, a
minimum of 5% reduction from maximum allowable financing is required.
Geographic Restrictions Table
1
Revised 10-24-07
Exhibit “A” – State of California

The following restrictions apply to properties located in the state of California:
o Big Rock Mesa (Malibu) and Castellamare (Pacific Palisades)- All of the following
conditions apply to any loan if the subject property is located in the Castellamare area of Pacific
Palisades or on the following streets in the Big Rock Mesa Area (Malibu):
o
o
Big Rock Drive
Piedra Chica Road
Rockport Way
Cool Oak Way
Pinnacle Way
Royal Stone Drive
Inland Way
Roca Chica Drive
Seaboard Way
Little Rock Way
Rockcroft Drive
Seamore Drive
McAnany Way
Rockpoint Way
Whitecap Way
Due to earth slippage and land slides, the following conditions apply:
 Verify soil engineer’s report stating soil is stable and not subject to future expansion, slippage
or slide activity.
 Verify structural engineer’s report confirming dwelling and any outbuildings or garages have
not been affected by soil expansion, slippage or land slides and are in, at least, good
conditions.
 Homes on septic system are not acceptable.
 Borrowers must sign a Borrower Property Indemnification Certification.
 For more specific location information, the referenced streets may be located in the most
current copy of the Thomas Bros. Guide for Los Angeles County
Oakley, Contra Costa County: Purchase transactions only — The Dupont Chemical Plant,
located at 6000 Bridgehead Street, Oakley, CA is considered a potential environmental hazard
site. The appraiser is responsible for making appropriate comments on the appraisal report
regarding the potential hazard. If the appraiser determines that the property is located within one
(1) mile of the site or any impact is noted on the appraisal, the borrowers are required to sign the
Notice to Prospective Buyers of Properties form acknowledging that the property is near a
source of potential hazard
La Conchita Area (San Buena Ventura) - this area is known to have experienced earth slippage
and landslide problems. All of the following conditions apply to any loan if the security property
is located in these areas
 Clear soil engineer’s report stating that the subject soil is stable and not subject to future
expansion, slippage, or slide activity.
 Clear structural engineer’s report confirming that the subject dwelling and any outbuildings,
garages, etc. have not been affected by soil expansion, slippage, or landslides and are in at
least good condition.
 Borrowers are required to sign the La Conchita Area (San Buena Ventura) Borrower Property
Condition Indemnification Certificate.
 The properties located on the following streets in the La Conchita area are subject to all three
conditions above:
Vista Del Rincon Drive
San Fernando Avenue
Carpinteria Avenue
West Surfside Street
Zelzah Avenue
Santa Paula Avenue
Bakersfield Avenue
Santa Barbara Avenue
North Sunland Avenue
Fillmore Avenue
Ojai Avenue
Oxnard Avenue
All properties are a portion of Sections 1 and 12 of La Conchita Del Mar No. 2, Book Page 31.
La Conchita is an unincorporated area of Ventura County, CA.
Geographic Restrictions Table
2
Revised 10-24-07
Exhibit “B”- Nevada

The following restrictions apply to properties located in Clark County, Nevada:
Exhibit “B”
Additional Appraisal Requirements for properties located in Clark County, Nevada
Appraisal
Company
LandSafe®
Services Inc
Company other
than LandSafe
Services, Inc.
Geographic Restrictions Table
No additional requirements apply.
Option 1 / Additional Appraisal Requirements: The appraisal must comply with the
following additional requirements:
 The most recent data available must be used for the comparable sales. At least two of the
comparable sales should have closed within 30 days of the effective date of the
appraisal.
 One current listing must be from the immediate subject neighborhood and representative
of competitive properties in the neighborhood. Caution is requested to not use the
highest listing available, but the listings most likely to sell (excluding the distressed
listings).
 When reconciling the final value, emphasis should be placed on the most current data, as
well as the comparables and listings most similar in location and other physical aspects
to the subject property.
 Additional Guidelines for New Construction:
o When appraising new construction, both the contract/sales date (when the buyer
entered into the contract with the builder), and the closing date must be reported and
analyzed.
o Differences in market conditions between the contract/sales date
and the effective date must be analyzed.
o The appraiser must provide the builder names of the subject property, and the
comparables (if new construction also).
o The appraiser should provide at least one sale from within the subdivision and one
sale from outside the subdivision.
Option 2 / Full Appraisal with LandSafe Review: In lieu of the additional requirements
above, non-LandSafe appraisals may be submitted with a LandSafe review. The review
appraisal may be a desk review, field review or a LandSafe Appraisal Review Analysis
(LARA) that receives a quality rating of 3,4, or 5
3
Revised 10-24-07
State
AL
AZ
CA
CO
DC
FL
MA
MD
MI
NH
NJ
NV
RI
IDENTIFIED DECLINING/SOFT MARKETS
(Mandatory 5% LTV reduction is required, regardless of Appraiser’s comments or lack thereof)
Counties
Bullock, Macon
Maricopa, Pinal
Alameda, Contra Costa, El Dorado, Fresno, Humboldt, Imperial, Kern, Kings, Merced, Monterey,
Orange, Placer, Riverside, Sacramento, San Bernardino, San Diego, San Joaquin, San Luis Obispo
,Santa Barbara, Solano, Sonoma, Stanislaus, Sutter ,Tulare, Ventura ,Yolo , Yuba
Adams
District of Columbia
Brevard, Broward, Charlotte, Citrus, Collier, Escambia, Hernando, Hillsborough, Indian River, Lee, Manatee,
Martin, Monroe, Okaloosa, Palm Beach, Pasco, Pinellas, Santa Rosa, Sarasota, St. Lucie, Volusia
Berkshire, Essex, Middlesex, Plymouth, Worcester
Calvert, Charles, Prince George’s
Lapeer, Livingston, Macom, Oakland, St. Clair, Washtenaw
Hillsborough
Cape May
Clark, Storey, Washoe, Nassau, Suffolk, Tompkins
Bristol. Kent, Newport, Providence, Washington
Geographic Restrictions Table
4
Revised 10-24-07