CONV CONFORMING ARMS Purchase Incentive

Transcription

1 Page 1 30/25 YR FRM CONF CF30 / CF25 Conventional Conforming Fixed Rate Mortgages 15 YR FRM CONF 20 YR FRM CONF 10 YR FRM CONF CF15 CF20 CF10 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 Conventional Conforming Adjustable Rate Mortgages 3-1 Agency Arm 5-1 Agency Arm 7-1 Agency Arm 10-1 Agency Arm CA31 2/2/6 CA51 2/2/5 CA71 5/2/5 CA101 5/2/5 Rate 30 Day 45 DAY 60 Day Rate 30 Day 45 DAY 60 Day Rate 30 Day 45 DAY 60 Day Rate 30 Day 45 DAY 60 Day HomeReady 30 YR FRM CONF CF30HR Rate 15 DAY 30 DAY 45 DAY Margin Index: 1 YR LIBOR ARM INFO CONV CONFORMING ARMS Purchase Incentive FIXED Products ONLY 60 DAY LOCK ADD.300 TO 30 DAY PRICE ALL LLPAs, see page 2 15 DAY PRICING ONLY AVAILABLE FOR SUBMITTED LOANS 45 DAY PRICING ONLY AVAILABLE FOR PURCHASES Wholesale

2 Page 2 LLPAs (ALL are to PRICE) Fixed Products ONLY ARMS ONLY Loan Amount < $ 100, % Loan Amount < $ 100, % Loan Amount < $ 75, % Loan Amount < $ 75, % Loan Amount < $ 50, % Loan Amount < $ 50, % Investment Property LTV < =75% % Investment Property LTV < =75% % Purchase Incentive % Investment Property LTV % (PURCHASE ONLY) % Escrow Waiver % Investment Property LTV % (PURCHASE ONLY) % Owner-occupied 2-unit All LTV's % Escrow Waiver % Owner-occupied 3-4 unit % 2-unit all LTV's % Condo w/ LTV > 75.00% % 3-4 unit % Cash out Refinance See Adjacent grid Condominium > 75% and term > % TX Cash Out 50 (a)(6) % Secondary Financing Cash out Refinance See Adjacent grid LTV <= 75% w/ <=80% CLTV % 180 Day Lock Term LTV <=75% w/ CLTV > 80% w/ FICO < % Add.375 in RATE to the LTV <=75% w/ CLTV > 80% w/ FICO > % 60 day price. LTV > 75% <=90% w/ CLTV > 76% w/ FICO < % (Purchase & Primary Only) LTV > 75% <=90% w/ CLTV > 76% w/ FICO > % Please refer to Float Down Policy posted in Connex under Resource Center, Policies and Info, Lock Policies TX % FL,GA,KY,NC,OH,PA,SC,TN,VA % TX % NY % CA, IL, MA, MN, MO, NJ, NV, NY, UT, WA % All Other States % All Other States 0.000% ALL Adjustors* Agency FICO/LTV Adjustors All Transactions Term > 180* Admin - NO FEE Option FICO <= Loan Amount Adj % % % % % % % % <= $50, % % % % % % % % % $50,001-99, % % % % % % % % % $100,000 - $149, % % % % % % % % % $150,000 - $199, % % % % % % % % % $200,000 - $249, % % % % % % % % % $250,000 - $299, % % % % % % % % N/A $300,000 - $349, % $350,000 - $424, % Agency Cash Out FICO/LTV Adjustors All Terms* Agency Secondary Financing* FICO <= LTV <= 75% w/ <=80% CLTV % % % % % N/A LTV <=65% w/ CLTV >80% <= 95.00%w/ FICO => % % % % % N/A LTV <=65% w/ CLTV >80% <= 95.00% w/ FICO < % % % % % N/A LTV >65% <=75% w/ CLTV >80% <= 95.00% w/ FICO => % % % % % N/A LTV >65% <=75% w/ CLTV >80% <= 95.00% w/ FICO < % % % % % N/A LTV >75% <=90% w/ CLTV >76% <= 90.00% w/ FICO => % % % % % N/A LTV >75% <=90% w/ CLTV >76% <= 90.00% w/ FICO < % % % % % N/A LTV >75% <= 95% w/ CLTV > 90% <= 95.00% w/ FICO => % LTV >75% <= 95% w/ CLTV > 90% <= 95.00% w/ FICO < % Not available for Arms LTV <= 95% w/ CLTV > 95 <= 97.00% % HomeReady Additional Adjustors Agency FICO/LTV Adjustors All Transactions Term > 180* FICO <= % % % % % % % % Adjustor CAPS: % % % % % % % % > 80% LTV and >= 680 FICO 0.000% % % % % % % % % > 80% LTV and < 680 FICO 1.500% % % % % % % % % <= 80% LTV 1.500% % % % % % % % % % % % % % % % % % % % % % % % % * Adjustment grids do not reflect guideline parameters Expiration Dates and Extensions 15 Day 05/26/17 45 Day 06/25/ Day 11/07/17 1st Extension +.02 per Day 30 Day 06/10/17 60 Day 07/10/17 2nd Extension +.03 per Day Wholesale

3 Page 3 30 YR FRM CONF 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 DU Refi Plus (DURP) and HARP 2 15 YR FRM CONF 20 YR FRM CONF 10 YR FRM CONF CF30Plus CF15Plus CF20Plus CF10Plus Conventional Conforming High Balance Mortgage 30 YR FRM CONF 15 YR FRM CONF 5-1 ARM CF30J CF15J 7-1 ARM 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 CA51J 2/2/5 CA71J 5/2/ FIXED ONLY ARM INFO 60 DAY LOCK ADD.300 TO 30 DAY PRICE Margin Index: 1 YR LIBOR ** 15 DAY PRICING ONLY AVAILABLE FOR SUBMITTED LOANS *** 45 DAY PRICING ONLY AVAILABLE FOR PURCHASE TRANSACTIONS Wholesale

4 Page 4 Agency FICO/LTV Adjustors All Transactions Term >180* FICO <= % % % % % % % N/A Escrow Waiver % % % % % % % % N/A Cash out Refinance See Adjacent grid % % % % % % % N/A Condominium > 75% and term > % % % % % % % % N/A Investment Property LTV < 75.01% % % % % % % % % N/A Investment Property LTV % % % % % % % % % N/A Investment Property LTV % % % % % % % % % N/A 2 Unit % Secondary Financing* 3-4 Unit % TX % LTV <= 75% w/ <=80% CLTV % FL,GA,KY,NC,OH,PA,SC,TN,VA % LTV <=65% w/ CLTV >80% <= 95.00%w/ FICO => % NY % LTV <=65% w/ CLTV >80% <= 95.00% w/ FICO < % All Other States % LTV >65% <=75% w/ CLTV >80% <= 95.00% w/ FICO => % LTV >65% <=75% w/ CLTV >80% <= 95.00% w/ FICO < % LTV >75% <=90% w/ CLTV >76% <= 90.00% w/ FICO => % FICO % LTV >75% <=90% w/ CLTV >76% <= 90.00% w/ FICO < % Escrow Waiver % LTV >75% <= 95% w/ CLTV > 90% <= 95.00% w/ FICO => % Condominium > 75% and term > % LTV >75% <= 95% w/ CLTV > 90% <= 95.00% w/ FICO < % Investment Property LTV < 75.01% % LTV <= 95% w/ CLTV > 95 <= 97.00% % Investment Property LTV % % Agency Cash Out FICO/LTV Adjustors All Terms* Investment Property LTV % % 2 Unit % 3-4 Unit % FICO LTV <= Cash out Refinance See Adjacent grid % % % % % % % % TX % % % % % CA, IL, MA, MD, MN, MO, NJ, NV, NY, WA % % % % % All Other States 0.000% % % % % LLPAs Conventional Conforming High Balance FIXED ARM % % % % Not available for Arms % % % % * Adjustment grids do not reflect guideline parameters DU Refi Plus & HARP 2 FICO/LTV Adjustors All Transactions Term >180* FICO <= CLTV % w/ FICO < % % % % % % % % % CLTV % w/ FICO >= % % % % % % % % % CLTV % w/ FICO < % % % % % % % % % CLTV % w/ FICO >= % % % % % % % % % CLTV > 95.01% % % % % % % % % % Loan Amount > $300, % % % % % % % % % Loan Amount < $ 100, % % % % % % % % % Loan Amount < $ 75, % Loan Amount < $ 50, % Admin - NO FEE Option Condominium > 75% and term > % Loan Amount Adj. 2 Unit % <= $50, % Investment % $50,001-99, % 2nd Home % $100,000 - $149, % $150,000 - $199, % TX % $200,000 - $249, % GA, NC, SC, TN, OH, KY, VA, FL, PA % $250,000 - $299, % All Other States % $300,000 - $349, % $350,000 - $424, % ates and Extensions 15 Day 05/26/17 45 Day 06/25/ Day 11/07/17 1st Extension +.02 per Day 30 Day 06/10/17 60 Day 07/10/17 2nd Extension +.03 per Day Wholesale

5 Page 5 LENDER PAID MORTGAGE INSURANCE (LPMI) Purchase ONLY LTV Coverage 30, 25 yr Term & ARMs > % 35% N/A N/A N/A % 30% N/A N/A % 25% N/A N/A % 12% , 15, 10 yr Term % 35% N/A N/A N/A % 25% N/A N/A % 12% % 6% Rate Term ONLY LTV Coverage 30, 25 yr Term & ARMs > % 35% N/A N/A N/A % 30% N/A N/A % 25% N/A N/A % 12% , 15, 10 yr Term % 35% N/A N/A N/A % 25% N/A N/A % 12% % 6% Additional Price Product Features > Second Home Loan Amt. > $650, FICO > LTV.50%.75 SPLIT PREMIUM M.I. 1.00% 1.25%.50% % 1.25% % 0.53% 0.47% 0.40% 0.33% 0.83% 0.77% 0.67% 0.61% % 0.31% 0.24% 0.18% 0.12% 0.51% 0.45% 0.36% 0.31% % 0.18% 0.14% 0.05% 0.04% 0.27% 0.21% 0.14% 0.08% > Second Home +.14% +.50% Rate/Term Refinance 0.25% Restrictions 2nd Home - Max LTV 90%, FICO 620 Fixed Rate ONLY ARM Info 5 yr ARMs qualify at the greater of: * Note rate +2.00% or Fully-indexed rate * Max LTV 90.00% * Requires a minimum initial 5 yr fixed period 7 & 10 yr ARMS qualify at the greater of: * Note Rate OR Fully-indexed rate ** UP FRONT PRICING FOR SPLIT PREMIUM IS NOT INCLUDED IN THE LOCK RATE/PRICE AND MUST BE DISCLOSED IN BLOCK 3 OF THE GFE ** Wholesale

6 Page 6 FHA & VA FHA YR FRM FHA 15 YR FRM FHA 5/1 ARM VA 5/1 ARM IRRRL FHA30 / FHA25 / FHA20 FHA 15 FHA51 1/1/5 VA51IRRRL 1/1/5 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 FHA 30 YR FRM High Balance FHA30HB FHA 5/1 ARM High Balance FHA51HB 1/1/5 VA 30 YR IRRRL FRM High Balance VA30HBIRRRL Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day Fixed Rate (All adjustments to Price) ARM Price FHA/VA FICO % Loan Amount < $ 100, % FHA/VA FICO % Loan Amount < $ 75, % FHA/VA FICO % Loan Amount < $ 50, % FHA/VA < $100, % VA Arm % 180 Day Lock Term Add.375 in RATE to the 60 day price. (Purchase & Primary Only) Please refer to Float Down Policy posted in Connex under Resource Center, Policies and Info, Lock Policies TX % VA IRRRL % FL,GA,KY,NC,OH,PA,SC,TN,VA % VA IRRRL % NY % VA IRRRL 2nd Home % All Other States % VA IRRRL Investment Property % VA IRRRL High Balance % FHA STREAMLINE % FHA STREAMLINE % Admin - NO FEE Option FHA STREAMLINE 2nd Home % Loan Amount Adj. FHA STREAMLINE Investment Property % <= $50, % FHA FICO % $50,001-99, % FHA/VA FICO % $100,000 - $149, % FHA/VA FICO % $150,000 - $199, % $200,000 - $249, % $250,000 - $299, % VA Fixed % $300,000 - $349, % VA IRRRL % $350,000 - $424, % MINIMUM REQUIRED FICO IS 620 ON FHA/VA MAXIMUM DTI RATIO IS 55.00% 2-4 UNITS IN NEW JERSEY NOT ALLOWED Fixed Only 60 DAY LOCK ADD.300 TO 30 DAY PRICE ARM INFO Margin Index: 1 YR CMT VA IRRRL % VA IRRRL 2nd Home % VA IRRRL Investment Property % Expiration Dates and Extensions 15 Day 05/26/17 45 Day 06/25/ Day 11/07/17 1st Extension +.02 per Day 30 Day 06/10/17 60 Day 07/10/17 2nd Extension +.03 per Day Wholesale

7 Page 7 Portfolio Products Year ARM ARM Fixed FNB51 NC71 CBC15 Rate 45 Day Rate 45 Day Rate 45 Day Rate 60 Day 180 Day Construction-Permanent 7-1 ARM CBC71CP Banking Relationship Rate Improvements Deposit $25,000-$49, % Deposit > $49, % CBC Credit Card/Auto Loan % CAP: 5/2/5 CAP: 2/2/5 Employer uses CBC Payroll % Auto Debit % Jumbo & Super Jumbo Loans With Faster Approvals Maximum DTI: 40% FULL DOC ONLY MINIMUM FICO 700 Borrower Paid Compensation ONLY RATE LTV < 60.00% % CLTV > 80.00% % Loan Amount >1.00mm % At least 18 months PITI reserves required Index: 1 YR LIBOR MARGIN: Portfolio 2nd Mortgage Fixed 10 yr Fixed 15 yr Fixed 20 yr Fixed CBC Originated Rate 60 Day Rate 60 Day Rate 60 Day Rate FICO FICO 700+ CLTV % $10,000 CBC Checking Acct % % % % 1.00% Origination Fee Refinance Maximum Term is 15 yrs Borrower Paid Compensation Only Piggyback Seconds Only 45 Day Lock Term Only Offsheet Pricing is Not Available ADMIN Fee: $ Expiration Date and Extension 45 Day 06/25/ Day 11/07/17 ALL RELOCKS ARE WORSE CASE 60 Day 07/10/17 NO EXTENSIONS CBC Contacts and Address Wholesale

8 Page 8 General Information CBC FEES Administration Fee 1sts: Aministration Fee Primary Residence w/ LA < $100,000: $ $ Note: ADMIN FEE INCLUDES TAX SERVICE, WIRE, GRMA AND FLOOD CERT CBC Sales Contacts Account Executives Laura Zaleski Heather Haymes Erin Miller Kim Abee (404) (404) (770) (678) CBC Mortgagee Clause, ISAOA/ATIMA Locks locks@cbcnationalbank.com 3010 Royal Blvd South Ste 230 Registration registration@cbcnationalbank.com Alpharetta, GA Thank you for your business!