FNMA / FHLMC - Conforming

Transcription

1 FNMA / FHLMC - Conforming 30 Yr -FFN3000/FFH3000/FFN3ACE/FFN 30FM 20 Yr - FFN Yr - FFN1500/FFH Yr - FFN1000 Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day Adjustments Conforming Price Adjustments-All Products on pg 1 Risk Based Adjustments - all terms >15 yrs LPMI Pricing Adjustments for Refinances Credit <= Rate/Term < Conforming Price Adjustments Score Cash-Out Escrow Waiver Condos LTV>75% (>15 YR) Investment Property LTV <=75% High Balance-all other adjustors apply Investment Property LTV % Purch, R/T Refi Investment Property LTV % Cash-Out Refi Loan Amt <= $49, Loan Amt $50,000-$89, Loan Amt $90,000-$139, Units Cash-Out Refinance- All Amortization Terms Extended Lock Adjustments Credit Score <= Day Overnight locks allowed on new purchase transactions only Day Day Day Secondary Financing Adjustment - All Products Day LTV/CLTV <=720 > Take from 45 day price and available on fixed, purchase LTV<=65% with CLTV % transactions ONLY. LTV % with CLTV % LTV % with CLTV % Intended for lending professionals only. Not for consumer use or distribution. This is not an advertisement for rates or consumer credit. All lending products are subject to credit and property approval. Rates and terms are subject to change without notice. Not all products are available in all states for all dollar amounts. Other restrictions and limitations apply. Page 1 of 14

2 FNMA HomeReady 30 YR HomeReady 15 YR HomeReady Adjustments HomeReady LLPA Caps Rate 7 Day 15 Day 30 Day Rate 15 Day 30 Day 45 Day Feature Adjustment LTV>80% and credit score Condo > 75% LTV All other LTV ratios and scores All adjustments on page 1 also apply except where noted above Min loan amt: $417, DU Refi PLUS - Fixed 30 Yr - FFN30RP 15 Yr - FFN15RP Risk Based Adjustments - all terms >15 yrs Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day Credit <= Score Adjustment Admin Fee - Buyout Feature <=60% 60-70% 70-75% 75-80% 80-85% 85-90% 90-95% % Loan Amount Adj. Condominiums (N/A for terms <=15 yr) <$50, % Investment Properties $50,001-$100, % 2 Unit Properties $100,001-$ % Escrow Waiver <=80%; DTI <= $150,001-$200,000 $200,001-$250, % % Addl Adjusters not Subject to Cap Subordinate Financing Adjustments High LTV Adjustments $250,001-$300, % 95% LTV CTLV>95% LTV 95-97% $300,001-$417, % >95% CLTV>75%-90% w/fico >= LTV % CLTV>75%-95% w/fico < This is non-conforming program. CLTV>90%-95% w/fico >= All Conforming Conventional Fixed Rate Price Adjustments on page 1 apply Overnight lock not allowed Intended for lending professionals only. Not for consumer use or distribution. This is not an advertisement for rates or consumer credit. All lending products are subject to credit and property approval. Rates and terms are subject to change without notice. Not all products are available in all states for a dollar amounts. Other restrictions and limitations apply. Page 2 of 14

3 FHLMC Open Access - Fixed 30 YR - FFH30OA 15 YR - FFH15OA Risk Based Adjustments (30 YR Only) Subordinate Financing Adjustments Rate 15 Day 30 Day Rate 15 Day 30 Day FICO/LTV <=60% >60-70% >70-75% >75-80% >80-85% >85% LTV/CLTV <=720 > <= LTV>65-75% / CLTV>90-95% LTV>75-80% / CLTV>75-90% LTV>75-80% / CLTV>90-95% LTV>80-90% / CLTV>80-95% LTV>90% / CLTV>90% ALL / CLTV>95% >= Investment Property Unit Adjustment High LTV Adjustments Adjustments LTV Adjustment Unit Adjustment LTV Adjustment Condo > 75% LTV <75% Unit >95-97% Escrow Waiver <=75 LTV % Unit <= 80% LTV >97% Day Pricing (use 30 day price) > 75 LTV >80% Unit > 80-85% LTV <105% Unit > 85% LTV Overnight locks not allowed Rural Housing/USDA High Balance all other adj apply 30 YR Fixed - GUSDA30/GUSDA30C USDA Adjustments FICO Adjustment Rate 15 Day 30 Day 45 Day Overnight locks allowed on new purchase transactions only Intended for lending professionals only. Not for consumer use or distribution. This is not an advertisement for rates or consumer credit. All lending products are subject to credit and property approval. Rates and terms are subject to change without notice. Not all products are available in all states for a dollar amounts. Other restrictions and limitations apply. Page 3 of 14

4 FNMA Conforming ARM's - Margin LIBOR Amortizing 5/1 ARM - AFN51 (CAPS 2/2/5) 7/1 ARM - AFN71 (CAPS 5/2/5) 10/1 ARM - AFN101 Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day Lock Period Adjustments 5/1, 7/1, & 10/1 ARMs *NO FLOATDOWN* ARM Risk Based Pricing Adjustments LTV% >=740 Lock Period Adjustment to 45 day price <=60% Days % % ARM Conforming Price Adjustment % Feature Adjustment % Escrow Waiver % Units Units ARM Risk Based Pricing Adjustments <$119,950 Investor LTV <= 75% Investor LTV % Cash out LTV% <=60% >= Condo's w/ltv>75% % Loans outside GA % LTVs >90.00,<=95.00 (LP ONLY) % Secondary Pricing Adjustments - ARM Products ARM with LTV > 90% are Freddie ONLY and must be run LP. Please run scenario through pricing engine for pricing on these scenarios. I/O NOT AVAILABLE LTV/CLTV <=720 >720 LTV<=65% with CLTV % LTV % with CLTV % OVERNIGHT LOCKS NOT AVAILABLE LTV>75% with CLTV % Intended for lending professionals only. Not for consumer use or distribution. This is not an advertisement for rates or consumer credit. All lending products are subject to credit and property approval. Rates and terms are subject to change without notice. Not all products are available in all states for a dollar amounts. Other restrictions and limitations apply. Page 4 of 14

5 Government Products FHA/VA 30 YR FIXED 15 YR FIXED FHA/VA 5/1 ARM MARGIN Extended Lock Adjustments Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day 60 Day Rate 15 Day 30 Day 45 Day 90 Day Day Day Day ARM CAPS 1/1/5 Max pricing AFTER Take from 45 day price and available on fixed, purchase transactions ONLY. adjustments: Adjustments Adjustments - FICO Adjustments Loan Size Adjustment FICO Adjustment VA Fixed and ARM Adjustment <=$49, FICO FHA JUMBO > $417, $50,000 - $74, FICO NC, SC, FL $75,000-99, FICO Units Overnight locks allowed on new purchase transactions only Admin Fee - Buyout Loan Amount Adj. <$50, % $50,001-$100, % $100,001-$ % $150,001-$200, % $200,001-$250, % $250,001-$300, % $300,001-$417, % Intended for lending professionals only. Not for consumer use or distribution. This is not an advertisement for rates or consumer credit. All lending products are subject to credit and property approval. Rates and terms are subject to change without notice. Not all products are available in all states for a dollar amounts. Other restrictions and limitations apply. Page 5 of 14

6 FHA Streamline Refinance 30 YR - GFF30SR 15 YR - GFF15SR Adjustments Adjustments - FICO Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day Loan Size Adjustment FICO Adjustment $50,000 - $74, $75,000-99, SC, NC, FL Max pricing after adjustments: Min FICO: 680 Owner Occupied Only SFR Only Max DTI: % VA IRRRL 30 YR 15 YR Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day All adjustments on pg 5 apply (Previously Owner Occupied) Min FICO 620 if Loan Amt <= $417,000 Min FICO 680 if Loan Amt > $417,000 Additional Information Extensions 5 Days Days Days OVERNIGHT LOCK IS NOT AVAILABLE Intended for lending professionals only. Not for consumer use or distribution. This is not an advertisement for rates or consumer credit. All lending products are subject to credit and property approval. Rates and terms are subject to change without notice. Not all products are available in all states for a dollar amounts. Other restrictions and limitations apply. Page 6 of 14

7 JUMBO FIXED 30 YR 15 YR Additional Adjusters Adjustments Rate 30 Day Rate 45 Day LTV% <=60% 60.01% 70.01% 75.01% Price Adjustment FICO to 70% to 75% to 80% Escrow Waiver Refi Adjuster (Fixed 15yr) (0.125) Refi Adjuster (Fixed 30yr) (0.125) (0.500) Investment Property (0.125) (0.500) (1.000) 3&4 Unit Property (0.125) (0.375) (0.875) (1.250) Second Home JUMBO ARM 5/1 ARM 7/1 ARM 10/1 ARM Rate 45 Day Rate 45 Day Rate 45 Day Preferred Payment Plan (ACH).25 reduction in rate if borrower elects ACH option. Contact Secondary for details. Additional Adjusters Adjustments LTV% <=60% 60.01% 70.01% 75.01% Price Adjustment FICO to 70% to 75% to 80% Escrow Waiver Refi Adjuster (5/1 and 7/1) (0.125) Refi Adjuster (10/1) (0.125) (0.500) Investment Property (0.125) (0.500) (1.000) 3&4 Unit Property (0.125) (0.375) (0.875) (1.250) Second Home Minimum loan amount: $417,050 Outside UW required/investor appraisal Minimum credit score: 700 Intended for lending professionals only. Not for consumer use or distribution. This is not an advertisement for rates or consumer credit. All lending products are subject to credit and property approval. Rates and terms are subject to change without notice. Not all products are available in all states for a dollar amounts. Other restrictions and limitations apply. Page 7 of 14

8 Page 8 of 14 WHOLESALE DIVISION

9 all Page 9 of 14

10 all Page 10 of 14

11 all Page 11 of 14

12 all Page 12 of 14

13 all Page 13 of 14

14 all Page 14 of 14