Mortgage Services III, L.L.C.

Transcription

1 Home Office Ph. #: Oakbrook Office Ph. #: Pricing E-Fax #: Web Site: Pricing Bloomington Office Ph. #: / Rate lock requests accepted until 6:00 pm central time. Rate Sheet Updated as of: CONFORMING -- FIXED RATE PROGRAMS # Year Fixed # Year Fixed # Year Fixed # Year Fixed 3.750% % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % # (DU) - 5/1 Arm # (DU) - 7/1 Arm # (DU) - 10/1 Arm # Year Fixed Caps: 2/2/5 Margin: Index: Libor Caps: 5/2/5 Margin: Index: Libor Caps: 5/2/5 Margin: Index: Libor 4.125% % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % FREDDIE MAC (LP) -- CONFORMING ARM PROGRAMS 100% Gift Parameters # (LP) - 5/1 Arm # (LP) - 7/1 Arm # (LP) - 10/1 Arm Min FICO = 640 Caps: 2/2/5 Margin: Index: Libor Caps: 5/2/5 Margin: Index: Libor Caps: 5/2/5 Margin: Index: Libor Max DTI = 45% 1-Unit Properties Only 4.000% % % Primary Residence Only 4.125% % % LPMI is available 4.250% % % % % % % % % % % % % % % % % % % % % (LP Arm Products: Max LTV = 95%) FHA / VA PROGRAMS # / # Yr Fixed - FHA/Stream # / # Yr Fixed - VA/IRRRL # / # Yr Fixed - FHA/Stream # Year Fixed - VA 4.000% % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % # VA 30 Yr Cash Out to 100% # VA 15 Yr Cash Out to 100% # Yr VA IRRRL w/no Appraisal # /1 FHA Arm - Treasury Caps: 1/5 Margin: % % % % % % % % % % % % % % % % % % % % % % % % % % % % Expiration Dates Price Caps VA Program Notes # /1 VA Arm - Treasury 30/25 Yr FHA/VA Programs = VA IRRRL w/no Appraisal is Not Available on 15 Yr Caps: 1/5 Margin: Day 4/22/19 All Other FHA/VA Programs = The MSI admin fee is NOT charged on the VA programs 30 Day 5/6/ % Day 5/20/ % Day 6/4/ % Day 7/5/ % UW Turn Times: Working date file moved from Conv: 4/4 Review to UW: Conditions: 4/4 Updated: 4/5 Gov't USDA 4/4 4/4 Market conditions are generally: (compared to previous price sheet) Unchanged! FANNIE MAE (DU) -- CONFORMING ARM PROGRAMS 75 & 90 day locks now available on the conforming fixed products! April 5, :30 AM 100% GIFT PROGRAM Page 1 of 5 is a wholly owned subsidiary of First State Bank

2 High Balance Programs Conventional - High Balance FHA - High Balance FHA Streamline - High Balance VA - High Balance 30 Year Fixed (DU) - # Year Fixed - # Year Fixed - # Year Fixed - # % % % % % % % % % % % % % % % % % % % % % % % % % Conventional - High Balance 15 Year Fixed (DU) - # % FHA High Balance Program 4.250% Min FICO = 640 (Purchase or R/T Refi) 4.375% Min FICO = 660 (Cash Out Refi) 4.500% Min FICO = 680 (Streamline) 4.625% % VA - Jumbo 30 Year Fixed - # Same as VA High Balance Pricing Any applicable agency adjusters apply. Conforming Fixed/Arm & High Balance Price Adjustments Loan Amount Misc. Adjustments Current Index $20,000 - $59, Escrow Waiver N/O/O: LTV <= 75.00% Treasury 2.410% $60,000 - $89, CA Escrow Waiver (ltv < 90% allowed) N/O/O: LTV 75.01% % Libor 2.751% $90,000 - $139, (Escrow waiver fee n/a for NY properties) N/O/O: LTV 80.01% % Week Ending 4/5 $140,000 - $199,999 No Adj 2-4 Unit day lock (from 60 day price) * $200,000 - $249, Condo - LTV<=75.00% (> 15 yr terms) No Adj. 90 day lock (from 60 day price) * $250,000 - $349, Condo - LTV>75.00% (> 15 yr terms) Fannie 97 (LTV %) No Adj. $350,000 to conf non-hb limit State Adjusters See online (OB) for pricing on 5-10 financed properties * 75 & 90 day lock only available on conforming fixed programs: #300000, #200000, #150000, # CO, NV Agency FICO/LTV Adjustments Secondary Financing AZ, NM, UT, WY FICO FICO <=60.00% LTV CLTV AL, CA, FL, IA, ID, IL, IN, KS, KY, No Adj 70.00% 75.00% 80.00% 85.00% 90.00% 95.00% 97.00% < 720 >= 720 MI, MN, MO, MT, SD, TN, >= 740 No Adj Applicable to <= 75 <= VA, WA, WI No Adj all loan terms <= 65 >80 <= AR, GA, LA, MS, NC, NE, OH, OR, No Adj >65 <=75 >80 <= greater than SC No Adj >75 <=90 >76 <= OK, PA No Adj years. >75 <=95 >90 <= TX <= 95 >95 <= Applicable to all loan terms. High Balance N/A N/A N/A N/A N/A N/A Above grid is in addition to.375 sub fin adj. Cash Out Refi (in addition to agency) Purch, R/T Refi (in addition to agency) Cash Out - Agency FICO/LTV Adj Cash out adjustments are applicable to all loan terms. LTV/CLTV <= 75% (ARM Only) FICO <=60.00% LTV/CLTV > 75% <= 90% (ARM Only) % 75.00% 80.00% 85.00% LTV/CLTV > 90% (ARM Only) >= N/A Loan amount adj do not apply N/A N/O/O: LTV <= 65%, Min 740 FICO N/A Max loan amount of $625,500 above 80% LTV N/A All loans must meet State/County loan limits N/A Price Cap = , unless otherwise noted N/A All adjustments are cumulative N/A N/A N/A N/A Conforming Fixed LPMI & Split MI (Not applicable to HB programs) Yr Terms - LPMI Split MI with FICO 740+ LPMI Program #'s LTV Split MIProgram #'s Upfront Upfront Upfront Upfront 30 Yr LPMI - # % Yr Split MI - # LTV.50%.75% 1.00% 1.25% 25 Yr LPMI - # % Yr Split MI - # % Yr LPMI - # % Yr Split MI - # % Yr LPMI - # Yr Term Yr Split MI - # % Yr LPMI - # Yr Split MI - # (Factors listed above indicate monthly MI payment factor in addition to the upfront borrower paid premium & may vary by MI company) Yr Terms - LPMI LPMI Adjustments (in addition to base LPMI adj) LTV % Rate/Term Refi % Second Home % All LPMI adjustments are in addition to the standard agency (FICO/LTV) adjustments. FHA / VA Price Adjustments (Conf & High Balance) Loan Amount FICO Misc. Gov't Program Features $30,000-74, FICO FHA Streamline (Min FICO = 660) * FHA cash out refi max LTV = 85% $75,000 - $119, FICO FHA Streamline w/fico < 660: See page 4 * N/O/O not allowed. $120,000 - $199,999 No Adj. FICO Year Term = Same as 30 yr pricing * FHA Streamlines - SFR, O/O only $200,000 - $249, FICO Year Term = Same as 30 yr pricing * # Year Fixed - FHA $250,000 to non-hb limit FHA Refi (Fixed Only-Non Streamline Doc) * # Year Fixed - VA 7 Day Lock (Adj to 15 day price) * # Year Fixed - FHA * # Year Fixed - VA State Adjusters GA, NV, OH AL, AZ, CO, TN, UT AR, CA, FL, IA, ID, IL, IN, KS, KY, LA, MI, MN, MO, MS, MT, NC, NE, NM, OK, OR, PA, SC, SD, TX, VA, WA, WI, WY No Adj. VA ID #: FHA ID #: Page 2 of 5 is a wholly owned subsidiary of First State Bank

3 Multiple Financed Properties # Yr Fixed # Yr Fixed # Yr Fixed Program Features 4.250% % % All conforming fixed/arm price adjustments from 4.375% % % page 2 apply % % % Financed Properties 4.625% % % O/O Purchase or R/T Refi Min FICO % % % O/O Cash Out Min FICO % % % nd Home Min FICO % % % Inv Prop Min FICO % % % % % % % % % % % % % % % % % % % % % % % % % RURAL DEVELOPMENT # Year Fixed - Rural Housing Loan Amount Adjustments ** Special Note ** <= $55, /18/16: Updated Adjusters 3.500% $55,001 - $75, % $75,001 - $100, % $100,001 - $150,000 No Adj % $150, % FICO Adjustments 4.125% FICO % FICO % FICO No Adj % Max GRH Rate = 5.000% FICO % FICO % Extended Lock Programs Conforming Fixed Rate Program: FHA / VA Fixed Rate Program: Available on conforming fixed rate only (30 yr, 20 yr, 15 yr, 10 yr) 90 Days:.375 Upfront Fee Available for FHA/VA 30 yr & 15 yr 60 day price minus.250 is used, plus applicable rate add on. (Plus/minus any applicable adjusters) 120 Days:.625 Upfront Fee Upfront fee is non-refundable/not credited & due within 5 days. Refer to chart below for Rate Add On and Refundable Upfront Fee: 150 Days:.875 Upfront Fee 60 day pricing is used. 180 Days: Upfront Fee Indicate desired lock period in comments when locking online. Days Upfront Fee Closing Rate Add-On FHA: All lock periods are available % 0.00% 0.000% VA: Only available for 90 or 120 days (N/A for 150 & 180 days) % 0.00% 0.000% % 0.00% 0.125% % 0.00% 0.250% % 0.00% 0.375% (Upfront fee is due MSI within 5 days of lock and is non-refundable if withdrawn or denied) Once the loan is locked, the upfront fee is owed. Page 3 of 5 is a wholly owned subsidiary of First State Bank

4 Conforming FNMA HomeReady Program Home Ready (DU) Home Ready FICO/LTV Adjustments Other Home Ready Adjustments # Year Fixed Unit Property FICO <=60.00% 4.125% % 75.00% 80.00% 85.00% 90.00% 95.00% 97.00% Condo w/ltv % % >= % Home Ready Adjustment Caps 4.500% > 80% LTV and >= 680 FICO: Cap = % > 80% LTV and < 680 FICO: Cap = % < 80% LTV: Cap = % % N/A All conforming loan amount adjustments from 5.125% page 2 apply. Lower FICO FHA/VA Programs FHA/VA: FICO FHA/VA w/fico Adjustments FHA Streamline w/620 Min FICO FHA Streamline w/620 Min FICO Adj. 30 Year Fixed - # FICO No Adj 30 Year Fixed - # FICO FICO FICO No Adj 4.625% VA - Purchase Only (#300333) % FICO % $50,000 - $75, % FICO % $75,001 - $125, % % $125,001+ No Adj 4.875% FHA Streamline w/580 Min FICO Adj % % FICO No Adj 5.250% % FICO % % % Loan Amount Adj % $50,000 - $75, % FHA Streamline w/fico $75,001 - $125, Year Fixed - # $125,001+ No Adj 4.875% % % % % % Home Possible Home Possible (LP) MI Coverage Home Possible FICO/LTV Adj. Caps Program Features # Year Fixed LTV % Coverage LTV <= 80.00% LP is required 4.125% % 25% LTV > 80.00% & FICO < Max LTV: 97% 4.250% % 25% LTV > 80.00% & FICO >= 680 No Adj. Borrower income limits apply 4.375% % 25% (Adj. are the same as for HomeReady, see above) Loan amount adjustments from page 2 apply % % 12% Non-Community Sub Fin % % % % % % Jumbo Programs JUMBO'S MUST BE UNDERWRITTEN BY MSI AND MUST CLOSE IN MSI'S NAME PLEASE REFER TO THE MSI WHOLESALE RATE SHEET FOR PRICING Important Information About MSI: MSI Department s: Address Extension Policy Re-Lock Policy Pricing msipricing@msiloans.biz 1-30 Days (Max = 30 days) -.020/day 15 Day Relock: Worse Case Pricing Submissions causmus@msiloans.biz 30 Day Relock: Worse Case Pricing Underwriting msiuw@msiloans.biz (Max of 2 relocks allowed) Funding msifunding@msiloans.biz (2nd relock can only be for 15 days and requires a closing date) Account Executive Brent Wilder bwilder@msiloans.biz Ph MERS MSI MERS Org ID # ** Lower of two median credit scores used for all programs. ** Rate lock requests accepted until 6:00 pm central time. Overnight price protection is not available. ** Rates/Prices are subject to change without prior notice. This rate sheet should not be used to determine eligibility. ** All loans must disburse & be delivered to MSI by expiration date. ** All extension/relock requests must be requested prior to 5 pm ct. Locations: Corporate Office: Oakbrook Terrace Office: 502 N. Hershey Rd. 17W662 Butterfield Rd, Suite 203 Bloomington, IL Oakbrook Terrace, IL Ph Ph Page 4 of 5 is a wholly owned subsidiary of First State Bank

5 Medical Doctor Program # Year Fixed - Med Dr. # Year Fixed - Med Dr. # Year Fixed - Med Dr. # Year Fixed - Med Dr % % % % % % % % % % % % % % % % % % % % % % % % % % % All agency & loan amount adjusters from page 2 apply. LPMI options are also available -- Regular LPMI adjusters apply. Page 5 of 5 is a wholly owned subsidiary of First State Bank