Conventional Fixed Rate Products

Transcription

1 1 March 6, :16 AM Turn Times Appraisal Turn Times Fees Index Values Expiration Dates New Submissions 1 day Portland Metro Weeks UW Fee $995 PRIME 4.500% 15 Day 03/20/18 Re-Submissions 1 day Vancouver Weeks Flood $16 1 YR. Tbill 2.000% 30 Day 04/04/18 Docs 24 hours Central OR 2-3 Weeks Tax Service $78 1 YR. LIBOR 2.390% 45 Day 04/19/18 Funding 24 hours Coast 3-4 Weeks 60 Day 05/04/18 Files received after 3 PM are Gorge (OR/WA) Weeks Management counted the next business day Bellevue/Tacoma 1.5 Weeks Lock Desk Info Dan Williams Sarah Morrow Leslie Nichols Christian Willford Wendi Klein Vice President Regional Sales Manager Sr. Account Executive Sr. Account Executive Sr. Account Executive Hrs: 8:30 am -4:30 pm OR/WA/ID/CA OR/WA/ID/CA OR/WA/ID/CA OR/WA/ID/CA OR/WA/ID/CA Direct: Direct: Direct: Direct: Direct: Phone: efax: efax: efax: efax: efax: Dan Sarah Leslie Christian Wendi Lock Desk For ALL LENDER PAID COMPENSATION transactions, ADJUST for your APPROVED USA COMPENSATION % (1.00% %) 30yr Fixed (30F) Max Price Cap For All Products is (5.00) Conventional Fixed Rate Products 30yr Fixed HomeReady (30F-HR) (4.500) (4.375) (4.375) (6.750) (6.625) (6.500) (4.125) (4.000) (3.875) (6.500) (6.500) (6.375) (6.500) (6.500) (6.375) (3.625) (3.625) (3.500) (6.125) (6.000) (5.875) (6.125) (6.000) (5.875) (3.250) (3.125) (3.000) (5.625) (5.500) (5.375) (5.625) (5.500) (5.375) (2.875) (2.750) (2.625) (5.125) (5.000) (4.875) (5.125) (5.000) (4.875) (2.250) (2.250) (2.125) (4.875) (4.875) (4.750) (4.625) (4.625) (4.500) (1.875) (1.750) (1.750) (4.375) (4.250) (4.125) (4.125) (4.000) (3.875) (0.875) (0.750) (0.750) (3.750) (3.625) (3.500) (3.500) (3.375) (3.250) (0.500) (0.250) (0.125) (3.125) (3.000) (2.875) (2.875) (2.750) (2.625) (2.500) (2.500) (2.375) (2.250) (2.250) (2.125) (2.125) (2.125) (2.000) (1.875) (1.875) (1.750) (1.500) (1.375) (1.250) (1.250) (1.125) (1.000) (0.750) (0.625) (0.625) (0.500) (0.375) (0.375) yr Fixed (15F) 10yr Fixed (10F) 20yr Fixed (20F) 30yr Professional Loan (30F-Pro) 15 Day 30 Day 45 Day 60 Day Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day (3.875) (3.875) (3.750) (3.500) (3.375) (3.250) (6.625) (6.625) (6.500) (3.375) (3.375) (3.250) (3.000) (3.000) (2.875) (6.250) (6.125) (6.000) (2.875) (2.875) (2.750) (2.625) (2.625) (2.500) (5.750) (5.625) (5.500) (2.375) (2.375) (2.250) (2.250) (2.125) (2.000) (5.250) (5.125) (5.000) (1.875) (1.875) (1.750) (1.750) (1.625) (1.500) (5.000) (5.000) (4.875) (1.625) (1.500) (1.375) (1.250) (1.250) (1.125) (4.500) (4.375) (4.250) (1.125) (1.000) (0.875) (0.875) (0.750) (0.625) (3.875) (3.750) (3.625) (0.500) (0.500) (0.375) (0.375) (0.250) (0.250) (3.250) (3.125) (3.000) (2.625) (2.625) (2.500) (2.250) (2.250) (2.125) (1.625) (1.500) (1.375) (0.875) (0.750) (0.750) (0.125) (0.125)

2 2 3/1 LIBOR (3/1-CL) Margin 2.250% Caps 2/2/ (3.375) (3.250) (3.250) (2.000) (1.875) (1.750) (3.000) (2.875) (2.875) (3.625) (3.500) (3.375) (2.625) (2.500) (2.500) (3.125) (3.125) (3.000) (2.250) (2.125) (2.125) (2.750) (2.625) (2.625) (1.875) (1.750) (1.750) (2.375) (2.250) (2.250) (1.500) (1.375) (1.250) (1.875) (1.750) (1.750) (1.000) (1.000) (0.875) (1.375) (1.375) (1.250) (0.625) (0.625) (0.500) (1.000) (0.875) (0.875) (0.250) (0.125) (0.125) (0.500) (0.375) (0.375) /1 LIBOR (10/1-CL) Margin 2.250% Caps 5/2/5 Rate 15 Day 30 Day 45 Day (3.500) (3.500) (3.375) (3.125) (3.000) (3.000) (2.625) (2.625) (2.500) (2.250) (2.125) (2.000) (1.625) (1.625) (1.500) (1.125) (1.125) (1.000) (0.625) (0.625) (0.500) (0.125) Conventional Libor Arm Products 5/1 LIBOR (5/1-CL) Margin 2.250% Caps 2/2/ /1 LIBOR (7/1-CL) Margin 2.250% Caps 5/2/5 2

3 3 Conventional High Balance Fixed & Arm Products 30yr Fixed (30F-HB) 25yr Fixed (25F-HB) 20yr Fixed (20F-HB) (5.500) (5.375) (5.250) (0.625) (0.500) (0.375) (5.000) (4.875) (4.750) (2.625) (2.500) (2.375) (4.500) (4.375) (4.250) (2.125) (2.000) (1.875) (4.000) (4.000) (3.875) (1.625) (1.500) (1.375) (3.500) (3.375) (3.250) (1.125) (1.000) (0.875) (2.875) (2.750) (2.625) (0.500) (0.500) (0.375) (2.250) (2.125) (2.000) (1.625) (1.625) (1.500) (1.250) (1.250) (1.125) (0.625) (0.500) (0.375) yr Fixed (15F-HB) 3/1 LIBOR (3/1-CL-HB) 5/1 LIBOR (5/1-CL-HB) Rate 15 Day 30 Day 45 Day Margin 2.250% Caps 2/2/6 Margin 2.250% Caps 2/2/ (2.500) (2.375) (2.250) Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day (2.000) (1.875) (1.750) (2.500) (2.375) (2.375) (1.500) (1.375) (1.250) (2.125) (2.000) (2.000) (1.000) (0.875) (0.750) (1.750) (1.625) (1.500) (0.375) (0.375) (0.250) (1.250) (1.250) (1.125) (0.875) (0.875) (0.750) (0.500) (0.500) (0.375) (0.250) (0.125) /1 LIBOR (7/1-CL-HB) 10/1 LIBOR (10/1-CL-HB) Margin 2.250% Caps 5/2/5 Margin 2.250% Caps 5/2/ Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day (2.625) (2.625) (2.500) (3.125) (3.125) (3.000) (2.250) (2.125) (2.125) (2.750) (2.625) (2.625) (1.750) (1.750) (1.625) (2.250) (2.125) (2.125) (1.375) (1.250) (1.125) (1.750) (1.625) (1.625) (0.875) (0.750) (0.750) (1.250) (1.125) (1.125) (0.375) (0.375) (0.250) (0.750) (0.625) (0.500) (0.125) (0.125)

4 4 Lender Paid Mortgage Insurance Fixed Rate Product 30yr LPMI (30F LPMI) 20yr LPMI (20F LPMI) 15yr LPMI (15F LPMI) (3.375) (3.250) (3.125) (6.750) (6.625) (6.500) (3.500) (3.375) (3.250) (2.875) (2.750) (2.625) (6.750) (6.750) (6.625) (3.000) (2.875) (2.750) (2.375) (2.250) (2.125) (6.375) (6.250) (6.125) (2.500) (2.375) (2.250) (1.875) (1.750) (1.625) (5.875) (5.750) (5.625) (2.000) (1.875) (1.750) (1.250) (1.250) (1.125) (5.375) (5.250) (5.125) (1.375) (1.375) (1.250) (0.750) (0.750) (0.625) (4.875) (4.875) (4.750) (0.750) (0.750) (0.625) (0.250) (0.125) (4.375) (4.250) (4.125) (0.125) (0.125) (3.750) (3.625) (3.500) (3.125) (3.000) (2.875) (2.500) (2.500) (2.375) (2.125) (2.125) (2.000) (1.500) (1.375) (1.250) (0.750) (0.625) (0.625) **All Other Conventional LLPA's may apply, see Conventional Fixed and Arm Price Adjuster Page** LPMI Adjustments - Adjustments to Base Price (Must Be Applied to LPMI Product) Base LTV % % % % & Below All Terms Second Home Loan Amt > $650K Rate & Term Cash Out Investment Property Manufactured Home * * * * *

5 5 FICO / LTV - Applicable for all loans with > 15 Year Term Fico 60% % 75% 80% 85% 90% 95% 97% >= Conventional Price Adjustments 60% % 75% 80% 85% 90% 95% 97% > 1 Unit N/A >15 Year, Condo N/A Investment Property N/A N/A N/A Escrow Waiver N/A N/A N/A N/A Cashout Refinance Price Adjustments Fico 60% % 75% 80% 85% 90% 95% 97% >= N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Subordinate Financing LTV Ratios CLTV Ratios FICO <720 FICO >=720 No Fee Option <= 75% <=80% California Property <= 65% > 80% <= 95% Manufactured Homes > 65% <= 75% > 80% <= 95% > 75% <= 90% > 76% <= 90% > 75% <= 95% > 90% <= 95% <= 95% > 95% <= 97% HomeReady FICO / LTV Adjustments Fico % 70% 75% 80% 85% 90% 95% 97% >= High Balance Conforming Price Adjusters <= 60.00% % % % Adjustments for All Programs % % % % High Balance Cash Out N/A N/A N/A N/A High Balance Arm N/A N/A Purchase, R/T Refi (All Ltv's) N/A 5

6 6 FHA Products 30yr FHA (30FHA) 25yr FHA (25FHA) 15yr FHA (15FHA) Rate 15 Day 30 Day 45 Day 60 Day Rate 15 Day 30 Day Rate 15 Day 30 Day 45 Day (5.250) (5.250) (5.125) (4.625) (4.625) (4.500) (1.875) (1.750) (1.625) (5.750) (5.625) (5.500) (4.375) (4.250) (4.250) (4.625) (4.625) (4.500) (4.500) (4.500) (4.375) (4.375) (4.250) (4.250) (4.375) (4.375) (4.250) (4.500) (4.500) (4.375) (3.875) (3.875) (3.750) (4.375) (4.375) (4.250) (3.625) (3.625) (3.500) (3.875) (3.875) (3.750) (3.500) (3.375) (3.375) (3.625) (3.625) (3.500) (3.125) (3.000) (3.000) (3.500) (3.375) (3.375) (2.625) (2.625) (2.500) (3.125) (3.000) (3.000) (2.250) (2.125) (2.000) (2.625) (2.625) (2.500) (2.250) (2.125) (2.000) (1.750) (1.625) (1.500) (1.125) (1.000) (0.875) (0.500) (0.375) (0.250) Non-Streamline FHA products require a 600mid score for all borrowers 30yr FHA Streamline (30FHA-ST) 25yr FHA Streamline (25FHA-ST) 15yr FHA Streamline (15FHA-ST) (4.000) (3.875) (3.750) (4.000) (3.875) (3.750) (2.125) (2.125) (2.000) (3.750) (3.625) (3.500) (3.750) (3.625) (3.500) (1.750) (1.625) (1.625) (3.250) (3.125) (3.125) (3.250) (3.125) (3.125) (0.875) (0.875) (0.750) (2.750) (2.750) (2.625) (2.750) (2.750) (2.625) (0.500) (0.375) (0.375) (2.250) (2.250) (2.125) (2.250) (2.250) (2.125) (1.625) (1.625) (1.500) (1.625) (1.625) (1.500) (1.125) (1.125) (1.000) (1.125) (1.125) (1.000) (0.625) (0.500) (0.500) (0.625) (0.500) (0.500) FHA Streamline Requires a 600mid Score for all borrowers Fico Adjustments Other Adjustments 720+ (0.250) California Manufactured Homes

7 7 FHA Products 5yr FHA Arm (5/1 FHA) 5yr FHA Arm High Balance (5/1 FHA-HB) 7yr FHA Arm (7/1 FHA) (1.625) (1.500) (1.375) (1.625) (1.500) (1.375) (1.625) (1.500) (1.375) (1.625) (1.500) (1.375) (1.500) (1.375) (1.250) (1.500) (1.375) (1.250) (1.625) (1.500) (1.500) (1.250) (1.125) (1.125) (1.500) (1.375) (1.250) (1.125) (1.000) (1.000) (1.125) (1.000) (1.000) (1.000) (0.875) (0.750) (0.875) (0.750) (0.625) (0.750) (0.750) (0.625) (0.750) (0.750) (0.625) (0.375) (0.250) (0.250) (0.500) (0.375) (0.375) (0.250) (0.125) (0.125) (0.125) yr FHA Arm High Balance (7/1 FHA-HB) 30yr FHA High Balance (30FHA-HB) 25yr FHA High Balance (25FHA-HB) (3.875) (3.750) (3.625) (3.625) (3.500) (3.625) (3.625) (3.500) (3.375) (3.250) (3.250) (3.375) (3.250) (3.250) (3.500) (3.500) (3.375) (3.500) (3.500) (3.375) (3.375) (3.375) (3.250) (3.375) (3.375) (3.250) (2.875) (2.875) (2.750) (2.875) (2.875) (2.750) (2.625) (2.625) (2.500) (2.625) (2.625) (2.500) (2.500) (2.375) (2.375) (2.500) (2.375) (2.375) (2.125) (2.000) (2.000) (2.125) (2.000) (2.000) (1.625) (1.625) (1.500) (1.625) (1.625) (1.500) (1.250) (1.125) (1.000) (1.250) (1.125) (1.000) (0.750) (0.625) (0.500) (0.750) (0.625) (0.500) (0.125) (0.125) yr FHA Streamline HB (30FHA-ST-HB) 25yr FHA Streamline HB (25FHA-ST-HB) FHA Fixed & Arm Adjustments Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day Fico Adjustments 720+ (0.250) (3.625) (3.625) (3.500) (3.625) (3.625) (3.500) (3.375) (3.250) (3.250) (3.375) (3.250) (3.250) (3.500) (3.500) (3.375) (3.500) (3.500) (3.375) (3.375) (3.375) (3.250) (3.375) (3.375) (3.250) (2.875) (2.875) (2.750) (2.875) (2.875) (2.750) (2.625) (2.625) (2.500) (2.625) (2.625) (2.500) Other Adjustments (2.500) (2.375) (2.375) (2.500) (2.375) (2.375) California (2.125) (2.000) (2.000) (2.125) (2.000) (1.875) Manufactured Homes (1.625) (1.625) (1.500) (1.625) (1.625) (1.500) ARM Margins (1.250) (1.125) (1.000) (1.250) (1.125) (1.000) 5/1 Arm (0.750) (0.625) (0.500) (0.750) (0.625) (0.500) 7/1 Arm (0.125) (0.125) /1 High Balance /1 High Balance

8 8 30yr VA (30VA) (3.625) (3.625) (3.500) (3.375) (3.375) (3.250) (3.500) (3.375) (3.375) (3.500) (3.375) (3.375) (4.625) (4.625) (4.500) (3.125) (3.000) (3.000) (3.125) (3.000) (3.000) (4.375) (4.250) (4.250) (2.625) (2.625) (2.500) (2.625) (2.625) (2.500) (4.500) (4.500) (4.375) (2.250) (2.125) (2.000) (2.250) (2.125) (2.000) (4.375) (4.375) (4.250) (1.750) (1.625) (1.500) (1.750) (1.625) (1.500) (3.875) (3.875) (3.750) (1.125) (1.000) (0.875) (1.125) (1.000) (0.875) (3.625) (3.625) (3.500) (0.500) (0.375) (0.250) (0.500) (0.375) (0.250) (3.500) (3.375) (3.375) (3.125) (3.000) (3.000) (2.625) (2.625) (2.500) (2.250) (2.125) (2.000) (1.750) (1.625) (1.500) 25yr VA IRRRL (25VA IRRRL) (1.125) (1.000) (0.875) (0.500) (0.375) (0.250) (2.375) (2.375) (2.250) (2.375) (2.375) (2.250) (4.625) (4.625) (4.500) (2.500) (2.375) (2.375) (2.500) (2.375) (2.375) (4.375) (4.250) (4.250) (2.125) (2.000) (2.000) (2.125) (2.000) (2.000) (4.500) (4.500) (4.375) (1.625) (1.625) (1.500) (1.625) (1.625) (1.500) (4.375) (4.375) (4.250) (1.250) (1.125) (1.000) (1.250) (1.125) (1.000) (3.875) (3.875) (3.750) (0.750) (0.625) (0.500) (0.750) (0.625) (0.500) (3.625) (3.625) (3.500) (0.125) (0.125) (3.500) (3.375) (3.375) (3.125) (3.000) (3.000) (2.625) (2.625) (2.500) (2.250) (2.125) (2.000) (1.750) (1.625) (1.500) (1.125) (1.000) (0.875) (0.500) (0.375) (0.250) VA Products 30yr VA IRRRL (30VA IRRRL) 30yr VA High Balance (30VA-HB) 25yr VA High Balance (25VA-HB) 25yr VA High Balance IRRRL (25VA-HB-IRRRL) Fico Adjustments Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day 720+ (0.250) (3.625) (3.625) (3.500) (3.625) (3.625) (3.500) (3.375) (3.250) (3.250) (3.375) (3.250) (3.250) (3.500) (3.500) (3.375) (3.500) (3.500) (3.375) (3.375) (3.375) (3.250) (3.375) (3.375) (3.250) (2.875) (2.875) (2.750) (2.875) (2.875) (2.750) (2.625) (2.625) (2.500) (2.625) (2.625) (2.500) Purchase 0.25 ** (2.500) (2.375) (2.375) (2.500) (2.375) (2.375) Refi & C/O (2.125) (2.000) (2.000) (2.125) (2.000) (2.000) (1.625) (1.625) (1.500) (1.625) (1.625) (1.500) (1.250) (1.125) (1.000) (1.250) (1.125) (1.000) 25yr VA (25VA) 30yr VA High Balance IRRRL (30VA-HB-IRRRL) VA Specific Adjustments **waived if seller is paying nonallowable fees Other Adjustments (0.750) (0.625) (0.500) (0.750) (0.625) (0.500) California (0.125) (0.125) Manufactured Homes

9 9 30yr Rural Housing (30-USDA) Rate 15 Day 30 Day 45 Day 720+ (0.250) (4.375) (4.375) (4.250) (4.125) (4.000) (4.000) (4.250) (4.250) (4.125) (4.375) (4.375) (4.250) (3.625) (3.625) (3.500) (3.375) (3.375) (3.250) Bankruptcy: Minimum of 4 years since the discharge date (3.500) (3.375) (3.375) Ratios: 30/43, exceptions considered with compensating factors (3.125) (3.000) (3.000) Other Real Estate: Borrowers may not own any other adequate housing (2.625) (2.625) (2.500) Property Type: SFR, Warrantable Condo, PUD, NO MFH (2.250) (2.125) (2.000) Flood Zone: Property may not be located in a flood zone (1.750) (1.625) (1.500) LTV (Purchases): 101% of appraised value. 1% is for the guarantee fee (1.125) (1.000) (0.875) Property Location: Must be located in a rural area (0.500) (0.375) (0.250) yr Rural Housing Streamline (30-USDA-ST) Rate 15 Day 30 Day 45 Day Borrower must be employed at closing, VOE will be required (4.375) (4.375) (4.250) Existing loan must be a Rural Housing Direct or Guaranteed loan (3.625) (3.625) (3.500) Income and ratios must be listed on 1008 and application, but DTI will not be calculated (3.375) (3.375) (3.250) Assets do not need to be listed on (3.500) (3.375) (3.375) Closing costs CAN be financed into the loan* (3.125) (3.000) (3.000) Appraisal and inspections are NOT required (2.625) (2.625) (2.500) Borrowers cannot be removed from current loan unless deceased (2.250) (2.125) (2.000) New co-borrowers can be added to loan (1.750) (1.625) (1.500) Household must be within income limits (verified by most recent paystub and W2) (1.125) (1.000) (0.875) Rate must be at least 1% lower than their existing rate (0.500) (0.375) (0.250) Home must remain the borrower s primary residence Need 12 months mortgage history reflecting 0x Credit report will be required for pricing purposes USDA Products USDA Adjustments USDA Super Streamline Eligibility Information USDA Super Streamline Adjustments USDA Eligibility Information USDA Turn-Times Oregon Washington Address acceptability can be found via the link below $50,000 or Less $50,001-$75, (0.125) $75,001-$100, (0.250) $100,001-$150, (0.375) $150,001-$200,000 (0.250) Streamline Program requires a 640 $200,001 & Greater (0.500) Mid Score 9

10 10 30yr Jumbo (30FJ) 15yr Jumbo (15FJ) 5/1 Jumbo (5/1LJ) Rate 30 Day 45 Day 60 Day Rate 30 Day 45 Day 60 Day Rate 30 Day 45 Day 60 Day (4.750) (4.750) (4.625) (4.500) (4.500) (4.375) (4.000) (4.000) (3.875) (4.375) (4.375) (4.250) (4.125) (4.125) (4.000) (3.750) (3.750) (3.625) (4.000) (4.000) (3.875) (3.750) (3.750) (3.625) (3.375) (3.375) (3.250) (3.625) (3.625) (3.500) (3.375) (3.375) (3.250) (3.125) (3.125) (3.000) (3.250) (3.250) (3.125) (3.000) (3.000) (2.875) (2.750) (2.750) (2.625) (2.875) (2.875) (2.750) (2.625) (2.625) (2.500) (2.375) (2.375) (2.250) (2.375) (2.375) (2.250) (2.250) (2.250) (2.125) (2.000) (2.000) (1.875) (1.875) (1.875) (1.750) (1.750) (1.750) (1.625) (1.625) (1.625) (1.500) (1.375) (1.375) (1.250) (1.375) (1.375) (1.250) (1.250) (1.250) (1.125) (0.875) (0.875) (0.750) (0.875) (0.875) (0.750) (0.875) (0.875) (0.750) (0.375) (0.375) (0.250) (0.500) (0.500) (0.375) (0.500) (0.500) (0.375) (0.125) (0.125) /1 Jumbo (7/1LJ) 10/1 Jumbo (10/1LJ) Rate 30 Day 45 Day 60 Day Rate 30 Day 45 Day 60 Day (3.625) (3.625) (3.500) (3.500) (3.500) (3.375) (3.250) (3.250) (3.125) (3.250) (3.250) (3.125) (3.000) (3.000) (2.875) (2.875) (2.875) (2.750) (2.625) (2.625) (2.500) (2.500) (2.500) (2.375) (2.250) (2.250) (2.125) (2.125) (2.125) (2.000) (1.875) (1.875) (1.750) (1.750) (1.750) (1.625) (1.500) (1.500) (1.375) (1.375) (1.375) (1.250) (1.125) (1.125) (1.000) (1.000) (1.000) (0.875) (0.750) (0.750) (0.625) (0.625) (0.625) (0.500) (0.375) (0.375) (0.250) (0.250) (0.250) (0.125) Automatic Payments (ACH) is required on all Jumbo products 60.01% 70.01% 75.01% Cash-Out Refinance LTV <=50% Fico/LTV <=60% to 70% to 75% to 80% Cash-Out Refinance LTV >50% <=60% FICO Cash-Out Refinance LTV >60% (0.750) (0.625) (0.375) (0.125) (0.500) (0.375) (0.125) (0.250) (0.125) Rate/Term Refinance Loan Amount >=$1mm (0.125) Loan Amount >$424,100 to <=$636, Second Home

11 11 11