(Bank & Credit Union Partners Only) Market conditions are generally: (compared to previous price sheet) Slightly Worse! December 8, 2017 Rate Sheet Updated as of: CONFORMING -- FIXED RATE PROGRAMS #300000-30 Year Fixed #200000-20 Year Fixed #150000-15 Year Fixed #100000-10 Year Fixed 3.625% 99.988 99.858 99.738 99.598 3.375% 99.809 99.679 99.559 99.419 3.000% 99.715 99.605 99.485 99.345 2.875% 99.638 99.508 99.388 99.248 3.750% 100.792 100.662 100.542 100.402 3.500% 100.544 100.414 100.294 100.154 3.125% 100.267 100.157 100.037 99.897 3.000% 99.965 99.835 99.715 99.575 3.875% 101.487 101.357 101.237 101.097 3.625% 101.142 101.012 100.892 100.752 3.250% 100.896 100.786 100.666 100.526 3.125% 100.367 100.237 100.117 99.977 4.000% 102.150 102.020 101.900 101.760 3.750% 101.737 101.607 101.487 101.347 3.375% 101.292 101.182 101.062 100.922 3.250% 101.165 101.035 100.915 100.775 4.125% 102.721 102.591 102.471 102.331 3.875% 102.301 102.171 102.051 101.911 3.500% 101.811 101.701 101.581 101.441 3.375% 101.392 101.262 101.142 101.002 4.250% 103.242 103.112 102.992 102.852 4.000% 102.837 102.707 102.587 102.447 3.625% 102.296 102.186 102.066 101.926 3.500% 101.911 101.781 101.661 101.521 4.375% 103.660 103.530 103.410 103.270 4.125% 103.311 103.181 103.061 102.921 3.750% 102.744 102.634 102.514 102.374 3.625% 102.396 102.266 102.146 102.006 4.500% 104.018 103.888 103.768 103.628 4.250% 103.997 103.867 103.747 103.607 3.875% 103.105 102.995 102.875 102.735 3.750% 102.844 102.714 102.594 102.454 4.625% 104.578 104.448 104.328 104.188 4.375% 104.377 104.247 104.127 103.987 4.000% 103.366 103.256 103.136 102.996 3.875% 103.205 103.075 102.955 102.815 4.750% 105.110 104.980 104.860 104.720 4.500% 104.855 104.725 104.605 104.465 4.125% 103.822 103.712 103.592 103.452 4.000% 103.466 103.336 103.216 103.076 4.875% 105.494 105.364 105.244 105.104 4.625% 105.196 105.066 104.946 104.806 4.250% 103.870 103.760 103.640 103.500 4.125% 103.695 103.565 103.445 103.305 5.000% 105.617 105.487 105.367 105.227 4.750% 105.602 105.472 105.352 105.212 4.375% 104.240 104.130 104.010 103.870 4.250% 103.911 103.781 103.661 103.521 5.125% 106.171 106.041 105.921 105.781 4.875% 106.014 105.884 105.764 105.624 4.500% 104.548 104.438 104.318 104.178 4.375% 104.182 104.052 103.932 103.792 FANNIE MAE (DU) -- CONFORMING ARM PROGRAMS 100% GIFT PROGRAM #510011 (DU) - 5/1 Arm #710011 (DU) - 7/1 Arm #910011 (DU) - 10/1 Arm #300009-30 Year Fixed Caps: 2/2/5 Margin: 2.250 Index: Libor Caps: 5/2/5 Margin: 2.250 Index: Libor Caps: 5/2/5 Margin: 2.250 Index: Libor 3.750% 100.428 100.298 100.178 100.038 3.000% 99.794 99.644 99.514 99.344 3.125% 99.839 99.689 99.559 99.389 3.375% 100.245 100.095 99.965 99.795 3.875% 101.005 100.875 100.755 100.615 3.125% 100.150 100.000 99.870 99.700 3.250% 100.224 100.074 99.944 99.774 3.500% 100.694 100.544 100.414 100.244 4.000% 101.542 101.412 101.292 101.152 3.250% 100.489 100.339 100.209 100.039 3.375% 100.614 100.464 100.334 100.164 3.625% 101.044 100.894 100.764 100.594 4.125% 102.202 102.072 101.952 101.812 3.375% 100.801 100.651 100.521 100.351 3.500% 101.011 100.861 100.731 100.561 3.750% 101.458 101.308 101.178 101.008 4.250% 102.808 102.678 102.558 102.418 3.500% 101.077 100.927 100.797 100.627 3.625% 101.406 101.256 101.126 100.956 3.875% 101.815 101.665 101.535 101.365 4.375% 103.320 103.190 103.070 102.930 3.625% 101.343 101.193 101.063 100.893 3.750% 101.759 101.609 101.479 101.309 4.000% 102.110 101.960 101.830 101.660 4.500% 103.673 103.543 103.423 103.283 3.750% 101.598 101.448 101.318 101.148 3.875% 102.060 101.910 101.780 101.610 4.125% 102.396 102.246 102.116 101.946 4.625% 104.328 104.198 104.078 103.938 3.875% 101.957 101.807 101.677 101.507 4.000% 102.444 102.294 102.164 101.994 4.250% 102.712 102.562 102.432 102.262 4.750% 104.860 104.730 104.610 104.470 4.000% 102.328 102.178 102.048 101.878 4.125% 102.834 102.684 102.554 102.384 4.375% 102.847 102.697 102.567 102.397 4.875% 105.244 105.114 104.994 104.854 5.000% 105.282 105.152 105.032 104.892 9:30 AM (DU Arm Products: Max LTV = 90%) 100% Gift Parameters #510012 (LP) - 5/1 Arm FREDDIE MAC (LP) -- CONFORMING ARM PROGRAMS #710012 (LP) - 7/1 Arm #910012 (LP) - 10/1 Arm Min FICO = 640 Max DTI = 45% Caps: 2/2/5 Margin: 2.250 Index: Libor Caps: 5/2/5 Margin: 2.250 Index: Libor Caps: 5/2/5 Margin: 2.250 Index: Libor 1-Unit Properties Only 3.250% 100.239 100.089 99.959 99.789 3.250% 100.108 99.958 99.828 99.658 3.500% 100.702 100.552 100.422 100.252 Primary Residence Only 3.375% 100.551 100.401 100.271 100.101 3.375% 100.579 100.429 100.299 100.129 3.625% 100.794 100.644 100.514 100.344 LPMI is available 3.500% 100.827 100.677 100.547 100.377 3.500% 100.997 100.847 100.717 100.547 3.750% 101.208 101.058 100.928 100.758 3.625% 101.167 101.017 100.887 100.717 3.625% 101.156 101.006 100.876 100.706 3.875% 101.565 101.415 101.285 101.115 3.750% 101.562 101.412 101.282 101.112 3.750% 101.598 101.448 101.318 101.148 4.000% 101.860 101.710 101.580 101.410 3.875% 101.957 101.807 101.677 101.507 3.875% 102.022 101.872 101.742 101.572 4.125% 102.293 102.143 102.013 101.843 4.000% 102.328 102.178 102.048 101.878 4.000% 102.444 102.294 102.164 101.994 4.250% 102.712 102.562 102.432 102.262 4.125% 102.667 102.517 102.387 102.217 4.125% 102.834 102.684 102.554 102.384 4.375% 102.597 102.447 102.317 102.147 4.250% 102.422 102.272 102.142 101.972 4.250% 102.564 102.414 102.284 102.114 4.500% 102.807 102.657 102.527 102.357 (LP Arm Products: Max LTV = 95%) FHA / VA PROGRAMS #300100 / #300113-30 Yr Fixed - FHA/Stream #300200 / #300214-30 Yr Fixed - VA/IRRRL #150100 / #150113-15 Yr Fixed - FHA/Stream #150200-15 Year Fixed - VA 3.500% 100.621 100.471 100.351 100.211 3.500% 100.886 100.736 100.616 100.476 3.125% 101.140 100.990 100.870 100.730 3.125% 101.089 100.939 100.819 100.679 3.625% 101.024 100.874 100.754 100.614 3.625% 101.274 101.124 101.004 100.864 3.250% 101.828 101.678 101.558 101.418 3.250% 101.700 101.550 101.430 101.290 3.750% 102.247 102.097 101.977 101.837 3.750% 102.512 102.362 102.242 102.102 3.375% 102.240 102.090 101.970 101.830 3.375% 102.205 102.055 101.935 101.795 3.875% 102.673 102.523 102.403 102.263 3.875% 102.928 102.778 102.658 102.518 3.500% 102.676 102.526 102.406 102.266 3.500% 102.626 102.476 102.356 102.216 4.000% 103.154 103.004 102.884 102.744 4.000% 103.415 103.265 103.145 103.005 3.625% 103.182 103.032 102.912 102.772 3.625% 103.134 102.984 102.864 102.724 4.125% 103.616 103.466 103.346 103.206 4.125% 103.866 103.716 103.596 103.456 3.750% 103.421 103.271 103.151 103.011 3.750% 103.171 103.021 102.901 102.761 4.250% 104.021 103.871 103.751 103.611 4.250% 104.271 104.121 104.001 103.861 3.875% 103.605 103.455 103.335 103.195 3.875% 103.362 103.212 103.092 102.952 4.375% 103.813 103.663 103.543 103.403 4.375% 104.029 103.879 103.759 103.619 4.000% 104.002 103.852 103.732 103.592 4.000% 103.752 103.602 103.482 103.342 4.500% 104.212 104.062 103.942 103.802 4.500% 104.213 104.063 103.943 103.803 4.125% 104.396 104.246 104.126 103.986 4.125% 104.146 103.996 103.876 103.736 4.625% 104.136 103.986 103.866 103.726 4.625% 104.386 104.236 104.116 103.976 4.250% 104.779 104.629 104.509 104.369 4.250% 104.529 104.379 104.259 104.119 4.750% 104.452 104.302 104.182 104.042 4.750% 104.674 104.524 104.404 104.264 4.375% 103.372 103.222 103.102 102.962 4.375% 103.069 102.919 102.799 102.659 #300216 - VA 30 Yr Cash Out to 100% #150216 - VA 15 Yr Cash Out to 100% #300215-30 Yr VA IRRRL w/no Appraisal #510100-5/1 FHA Arm - Treasury 3.500% 100.841 100.691 100.571 100.431 3.375% 101.984 101.834 101.714 101.574 3.750% 102.467 102.317 102.197 102.057 Caps: 1/5 Margin: 2.000 3.625% 101.274 101.124 101.004 100.864 3.500% 102.392 102.242 102.122 101.982 3.875% 102.883 102.733 102.613 102.473 3.500% 102.594 102.444 102.294 102.094 3.750% 102.467 102.317 102.197 102.057 3.625% 102.783 102.633 102.513 102.373 4.000% 103.370 103.220 103.100 102.960 3.625% 102.153 102.003 101.853 101.653 3.875% 102.926 102.776 102.656 102.516 3.750% 103.171 103.021 102.901 102.761 4.125% 103.642 103.492 103.372 103.232 3.750% 101.748 101.598 101.448 101.248 4.000% 103.404 103.254 103.134 102.994 3.875% 103.355 103.205 103.085 102.945 4.250% 103.699 103.549 103.429 103.289 3.875% 101.951 101.801 101.651 101.451 4.125% 103.866 103.716 103.596 103.456 4.000% 103.752 103.602 103.482 103.342 4.375% 103.606 103.456 103.336 103.196 4.250% 104.271 104.121 104.001 103.861 4.125% 104.146 103.996 103.876 103.736 4.500% 104.142 103.992 103.872 103.732 4.375% 104.051 103.901 103.781 103.641 4.250% 104.529 104.379 104.259 104.119 4.625% 104.225 104.075 103.955 103.815 #510200-5/1 VA Arm - Treasury Expiration Dates 3.500% 102.526 102.376 102.226 102.026 Price Caps VA Program Notes 3.625% 102.087 101.937 101.787 101.587 15 Day 12/26/17 30/25 Yr FHA/VA Programs = 105.000 VA IRRRL w/no Appraisal is Not Available on 15 Yr 3.750% 101.553 101.403 101.253 101.053 30 Day 1/8/18 All Other FHA/VA Programs = 105.000 The MSI admin fee is NOT charged on the VA programs 3.875% 101.909 101.759 101.609 101.409 45 Day 60 Day 90 Day 1/22/18 2/6/18 3/8/18 NEWS & NOTES U/W Turn Times: Working date file moved from Review to UW: In accordance with the final Federal Reserve Board ruling, this published pricing structure may be used in connection with your "Borrower Paid Compensation structures. Please refer to your individual company's executed compensation agreement with MSI, to determine your prescribed premium/commission structure if opting for the "Lender Paid Compensation" structure. Conv: Gov't USDA 12/7 12/7 12/7 For program/pricing on 5-10 financed properties, see online pricing system (OB). Conditions: 12/7 75 & 90 day locks now available on the conforming fixed products! Updated: 12/8 All "Wholesale" transactions must be "Lender Paid Comp". Page 1 of 5
High Balance Programs Conventional - High Balance FHA - High Balance FHA Streamline - High Balance VA - High Balance 30 Year Fixed (DU) - #300017 30 Year Fixed - #300117 30 Year Fixed - #300148 30 Year Fixed - #300217 3.750% 100.358 100.228 100.108 99.968 3.500% 100.595 100.395 100.145 99.995 3.375% 99.752 99.552 99.302 99.152 3.500% 100.736 100.536 100.286 100.136 3.875% 100.932 100.802 100.682 100.542 3.625% 100.895 100.695 100.445 100.295 3.500% 100.411 100.211 99.961 99.811 3.625% 101.078 100.878 100.628 100.478 4.000% 101.468 101.338 101.218 101.078 3.750% 101.951 101.751 101.501 101.351 3.625% 100.765 100.565 100.315 100.165 3.750% 101.946 101.746 101.496 101.346 4.125% 101.971 101.841 101.721 101.581 3.875% 102.403 102.203 101.953 101.803 3.750% 101.656 101.456 101.206 101.056 3.875% 102.409 102.209 101.959 101.809 4.250% 102.430 102.300 102.180 102.040 4.000% 102.880 102.680 102.430 102.280 3.875% 102.182 101.982 101.732 101.582 4.000% 102.893 102.693 102.443 102.293 4.375% 102.849 102.719 102.599 102.459 4.125% 102.968 102.768 102.518 102.368 4.000% 102.750 102.550 102.300 102.150 4.125% 103.066 102.866 102.616 102.466 4.500% 102.925 102.795 102.675 102.535 4.250% 102.956 102.756 102.506 102.356 4.125% 102.888 102.688 102.438 102.288 4.250% 103.096 102.896 102.646 102.496 Conventional - High Balance 15 Year Fixed (DU) - #150017 3.125% 99.631 99.501 99.381 99.241 VA - Jumbo 3.250% 100.457 100.327 100.207 100.067 30 Year Fixed - #300245 3.375% 100.770 100.640 100.520 100.380 3.500% 101.120 100.990 100.870 100.730 Same as VA High Balance Pricing 3.625% 101.486 101.356 101.236 101.096 3.750% 102.023 101.893 101.773 101.633 FHA High Balance Program VA High Balance & VA Jumbo Program 3.875% 102.434 102.304 102.184 102.044 Min FICO = 640 (Purchase or R/T Refi) Min FICO: 660 Min FICO = 660 (Cash Out Refi) IRRRL's - Not available Min FICO = 680 (Streamline) Max loan amount = $700,000 Any applicable agency adjusters apply. Conforming Fixed/Arm & High Balance Price Adjustments Loan Amount Misc. Adjustments Current Index $20,000 - $39,999-1.500 Escrow Waiver -.150 N/O/O: LTV <= 75.00% -2.125 Treasury 1.62% $40,000 - $69,999 -.750 Escrow Waiver (Ins Only) -.125 N/O/O: LTV 75.01% - 80.00% -3.375 Libor 1.997% $70,000 - $99,999 -.500 CA Escrow Waiver (ltv < 90% allowed) -.100 N/O/O: LTV 80.01% - 85.00% -4.125 Week Ending 12/8 $100,000 - $119,999 -.125 2-4 Unit -1.000 75 day lock (from 60 day price) * -.175 $120,000 -,$249,999 No Adj. Condo - LTV<=75.00% (> 15 yr terms) No Adj. 90 day lock (from 60 day price) * -.375 $250,000 - $349,999 +.200 Condo - LTV>75.00% (> 15 yr terms) -.750 Fannie 97 (LTV 95.01-97.00%) No Adj. $350,000 to conf non-hb limit +.300 See online (OB) for pricing on 5-10 financed properties * 75 & 90 day lock only available on conforming fixed programs: #300000, #200000, #150000, #100000 State Adjusters CO, NV -.125 Agency FICO/LTV Adjustments (Updated 6/25/15) Secondary Financing AZ, NM, UT, WY -.050 FICO <=60.00% 60.01-70.01-75.01-80.01-85.01-90.01-95.01 - LTV CLTV FICO 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 Applicable to MI, MN, MO, MT, SD, TN, >= 740 No Adj. -.250 -.250 -.500 -.250 -.250 -.250 -.750 <= 75 <= 80 -.375 -.375 VA, WA, WI 720-739 No Adj. -.250 -.500 -.750 -.500 -.500 -.500-1.000 all loan terms <= 65 >80 <=95 -.875 -.625 AR, GA, LA, MS, NC, NE, OH, OR, +.100 700-719 No Adj. -.500-1.000-1.250-1.000-1.000-1.000-1.500 greater than >65 <=75 >80 <=95-1.125 -.875 SC 680-699 No Adj. -.500-1.250-1.750-1.500-1.250-1.250-1.500 >75 <=90 >76 <=90-1.375-1.125 15 years. OK, PA +.150 660-679 No Adj. -1.000-2.250-2.750-2.750-2.250-2.250-2.250 >75 <=95 >90 <=95-1.375-1.125 TX +.250 640-659 -.500-1.250-2.750-3.000-3.250-2.750-2.750-2.750 <= 95 >95 <=97-1.875-1.875 620-639 -.500-1.500-3.000-3.000-3.250-3.250-3.250-3.500 Applicable to all loan terms. High Balance Cash Out Refi (in addition to agency) -1.000 Cash Out - Agency FICO/LTV Adj Cash out adjustments are applicable to all loan terms. Purch, R/T Refi (in addition to agency) -.250 FICO <=60.00% 60.01-70.01-75.01-80.01 - LTV/CLTV <= 75% (ARM Only) -.750 70.00% 75.00% 80.00% 85.00% LTV/CLTV > 75% <= 90% (ARM Only) -1.500 >= 740 -.375 -.625 -.625 -.875 N/A LTV/CLTV > 90% (ARM Only) -1.750 720-739 -.375-1.000-1.000-1.125 N/A Loan amount adj do not apply 700-719 -.375-1.000-1.000-1.125 N/A N/O/O: LTV <= 65%, Min 740 FICO 680-699 -.375-1.125-1.125-1.750 N/A Max loan amount of $625,500 above 80% LTV 660-679 -.625-1.125-1.125-1.875 N/A All loans must meet State/County loan limits 640-659 -.625-1.625-1.625-2.625 N/A Price Cap = 105.000, unless otherwise noted. 620-639 -.625 N/A N/A N/A N/A All adjustments are cumulative. Conforming Fixed LPMI & Split MI (Not applicable to HB programs) 25-30 Yr Terms - LPMI Split MI with FICO 740+ LPMI Program #'s LTV 760+ 740-759 720-739 700-719 680-699 660-679 640-659 Split MIProgram #'s Upfront Upfront Upfront Upfront 30 Yr LPMI - #300001 90.01-95.00% -1.60-2.25-2.80-3.77-4.63-6.09-6.40 30 Yr Split MI - #300002 LTV.50%.75% 1.00% 1.25% 25 Yr LPMI - #250001 85.01-90.00% -1.20-1.70-2.10-2.93-3.55-4.84-5.00 25 Yr Split MI - #250002 90.01-95.00%.48.42.37.31 20 Yr LPMI - #200001 80.01-85.00% -0.62-0.75-0.90-1.09-1.28-1.76-1.81 20 Yr Split MI - #200002 85.01-90.00%.28.22.15.09 15 Yr LPMI - #150001 25 Yr Term 0 0 0 +.20 +.20 +.20 0 15 Yr Split MI - #150002 80.01-85.00%.03 0 0 0 10 Yr LPMI - #100001 10 Yr Split MI - #100002 (Factors listed above indicate monthly MI payment factor in addition to the upfront borrower paid premium & may vary by MI company) 10-20 Yr Terms - LPMI LPMI Adjustments (in addition to base LPMI adj) LTV 760+ 740-759 720-739 700-719 680-699 660-679 640-659 760+ 740-759 720-739 700-719 680-699 660-679 640-659 90.01-95.00% -0.95-1.24-1.50-1.74-2.08-2.66-2.77 Rate/Term Refi 0.00 0.00 0.00-0.42-0.54-0.69-0.84 85.01-90.00% -0.59-0.72-0.84-0.95-1.10-1.40-1.43 Second Home -0.36-0.39-0.49-0.60-0.70-1.23-1.27 80.01-85.00% -0.43-0.47-0.49-0.53-0.58-0.69-0.71 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 $30,000-59,999 -.750 FICO 620-639 -1.250 FHA Streamline (Min FICO = 660) -.250 * FHA cash out refi max LTV = 85% $60,000 - $99,999 -.375 FICO 640-659 -.500 FHA Streamline w/fico < 660: See page 4 * N/O/O not allowed. $100,000 - $119,999 -.175 FICO 660-679 -.250 FHA Refi (Fixed Only-Non Streamline Doc) -.125 * FHA Streamlines - SFR, O/O only $120,000 - $199,999 No Adj. FICO 720+ +.250 20 Year Term = Same as 30 yr pricing * #250100-25 Year Fixed - FHA $200,000 - $249,999 +.175 25 Year Term = Same as 30 yr pricing * #250200-25 Year Fixed - VA $250,000 to non-hb limit +.250 VA loans not available in DC, MA, NY, RI, WV * #200100-20 Year Fixed - FHA * #200200-20 Year Fixed - VA State Adjusters GA, NV, OH -.250 AL, AZ, CO, TN, UT -.125 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 #: 709904-00-00 FHA ID #: 24618-0000-2 Page 2 of 5
DU Refi Plus Program DU Refi Plus Program DU Refi Plus Program DU Refi Plus Program "Un-Capped" Price Adjustments 30 Year Fixed - #300003 20 Year Fixed - #200003 15 Year Fixed - #150003 FICO 680-739 (all loans) -.125 3.875% 100.772 100.642 100.522 100.382 3.875% 101.760 101.630 101.510 101.370 3.250% 100.421 100.291 100.171 100.031 FICO 640-679 (all loans) -.250 4.000% 101.386 101.256 101.136 100.996 4.000% 102.312 102.182 102.062 101.922 3.375% 100.760 100.630 100.510 100.370 Escrow Waiver (80% LTV or below) -.250 4.125% 101.778 101.648 101.528 101.388 4.125% 102.681 102.551 102.431 102.291 3.500% 101.205 101.075 100.955 100.815 State adjusters from page 1 apply. 4.250% 102.482 102.352 102.232 102.092 4.250% 103.627 103.497 103.377 103.237 3.625% 101.612 101.482 101.362 101.222 (Adjustment caps do not apply to these adj) 4.375% 102.977 102.847 102.727 102.587 4.375% 103.958 103.828 103.708 103.568 3.750% 102.036 101.906 101.786 101.646 4.500% 103.493 103.363 103.243 103.103 4.500% 104.294 104.164 104.044 103.904 3.875% 102.373 102.243 102.123 101.983 ** Special Note ** 4.625% 103.774 103.644 103.524 103.384 4.625% 104.522 104.392 104.272 104.132 4.000% 102.764 102.634 102.514 102.374 New LTV/CLTV: 105% / 110% 2nd Homes now available with 680+ FICO 20 & 30 Year Terms 30 Year Terms Only (Applies to all DU Refi Plus programs) FICO <=60.00% 60.01-70.01-75.01-80.01-85.01-90.01-95.01-97.01 - FICO <=60.00% 60.01-70.01-75.01-80.01-85.01-90.01-95.01-97.01-70.00% 75.00% 80.00% 85.00% 90.00% 95.00% 97.00%** 105%** 70.00% 75.00% 80.00% 85.00% 90.00% 95.00% 97.00%** 105%** >= 740 No Adj. -.250 -.250 -.250 No Adj. No Adj. No Adj. No Adj. No Adj. 2 Unit -.500 -.500 -.500 -.500 -.500 -.500 -.500 -.500 -.500 720-739 No Adj. -.500 -.250 -.250 No Adj. No Adj. No Adj. No Adj. No Adj. ** High LTV 0 0 0 0 0 0 0 -.500 -.500 700-719 No Adj. -.500 -.750 -.750 -.500 -.500 -.500 -.500 -.500 (Adjustment caps apply to all of the above) 680-699 No Adj. -.500 -.750 -.750 -.750 -.750 -.750 -.500 -.500 660-679 No Adj. -1.000-1.500-1.750 -.750 -.750 -.750 -.750 -.750 640-659 -.500-1.250-2.000-2.000 -.750 -.750 -.750 -.750 -.750 DU Refi Plus w/mi DU Refi Plus w/mi (Adjustment caps apply to all of the above) 30 Year Fixed - #300004 15 Year Fixed - #150004 3.875% 100.677 100.547 100.427 100.287 3.000% 99.167 99.037 98.917 98.777 NEW Adjustment Caps "Capped" Price Adjustments 4.000% 101.164 101.034 100.914 100.774 3.125% 99.716 99.586 99.466 99.326 Term > 20 Years and LTV > 80%.750 CLTV of 75.01-90% -.625 4.125% 101.778 101.648 101.528 101.388 3.250% 100.421 100.291 100.171 100.031 Term <= 20 Years and LTV > 80% 0 CLTV of 90.01-95% -.875 4.250% 102.427 102.297 102.177 102.037 3.375% 100.760 100.630 100.510 100.370 All Terms with LTV <= 80% 2.000 CLTV of 95.01-110% -1.875 4.375% 102.930 102.800 102.680 102.540 3.500% 102.036 101.906 101.786 101.646 2nd Homes, all LTV's & Terms 2.000 Condo w/ltv > 75% (terms > 15 yrs) -.750 4.500% 103.493 103.363 103.243 103.103 3.625% 102.373 102.243 102.123 101.983 15 & 20 Year Terms with LTV > 80% No Adj 4.625% 103.774 103.644 103.524 103.384 3.750% 102.764 102.634 102.514 102.374 4.750% 104.323 104.193 104.073 103.933 3.875% 103.023 102.893 102.773 102.633 LP Relief "Open Access" Program LP Relief Program LP Relief w/mi LP Relief - FICO/LTV Adj. (Applies to 30 Yr Program Only) 30 Year Fixed - #300007 30 Year Fixed - #300008 FICO <=60.00% 60.01-70.01-75.01-80.01-85.01-95.01-97.01-3.875% 101.206 101.076 100.956 100.816 3.875% 100.519 100.389 100.269 100.129 70.00% 75.00% 80.00% 85.00% 95.00% 97.00%** 105%** 4.000% 101.762 101.632 101.512 101.372 4.000% 101.010 100.880 100.760 100.620 >= 740 +.250 No Adj. No Adj. -.250 No Adj. No Adj. No Adj. No Adj. 4.125% 102.266 102.136 102.016 101.876 4.125% 101.656 101.526 101.406 101.266 720-739 +.250 No Adj. -.250 -.500 No Adj. No Adj. No Adj. No Adj. 4.250% 102.803 102.673 102.553 102.413 4.250% 102.300 102.170 102.050 101.910 700-719 +.250 -.500 -.750-1.000 -.500 -.500 -.500 -.500 4.375% 102.637 102.507 102.387 102.247 4.375% 102.637 102.507 102.387 102.247 680-699 No Adj. -.500-1.250-1.750-1.000 -.750 -.750 -.750 4.500% 103.763 103.633 103.513 103.373 4.500% 103.217 103.087 102.967 102.827 660-679 No Adj. -1.000-2.250-2.750-2.250-1.750-1.750-1.750 4.625% 104.119 103.989 103.869 103.729 4.625% 103.593 103.463 103.343 103.203 640-659 -.500-1.250-2.750-3.000-2.750-2.250-2.250-2.250 4.750% 104.782 104.652 104.532 104.392 Applies to both 30 Yr & 15 Yr Programs: 2 Unit -1.000-1.000-1.000-1.000-1.000-1.000-1.000-1.000 LP Relief Program LP Relief w/mi ** High LTV 0 0 0 0 0 0 -.500-1.000 15 Year Fixed - #150007 15 Year Fixed - #150008 No Escrow -.250 -.250 -.250 -.250 n/a n/a n/a n/a 3.250% 100.602 100.472 100.352 100.212 3.500% 101.201 101.071 100.951 100.811 3.375% 100.888 100.758 100.638 100.498 3.625% 101.643 101.513 101.393 101.253 3.500% 101.201 101.071 100.951 100.811 3.750% 102.197 102.067 101.947 101.807 New Adjustment Caps Subordinate Financing 3.625% 101.643 101.513 101.393 101.253 3.875% 102.641 102.511 102.391 102.251 30 Yr Fixed w/ltv > 80%.750 CLTV of 75.01-90% -.750 3.750% 102.197 102.067 101.947 101.807 4.000% 102.908 102.778 102.658 102.518 30 Yr Fixed w/ltv <= 80% 2.000 CLTV of 90.01-95% -1.000 3.875% 102.641 102.511 102.391 102.251 4.125% 103.294 103.164 103.044 102.904 15 Yr Fixed w/ltv > 80% 0 CLTV of 95.01-110% -1.500 4.000% 102.908 102.778 102.658 102.518 4.250% 103.739 103.609 103.489 103.349 15 Yr Fixed w/ltv <= 80% 2.000 Loan amount & state adjusters from page 1 apply. Condo's not allowed on this program. (Adj caps include all adjustments EXCEPT escrow waiver and loan amount adj. RURAL DEVELOPMENT #300300-30 Year Fixed - Rural Housing Loan Amount Adjustments ** Special Note ** 3.500% 100.776 100.548 100.368 100.145 <= $55,000-1.500 5/18/16: Updated Adjusters 3.625% 101.279 101.051 100.871 100.648 $55,001 - $75,000 -.750 3.750% 102.433 102.205 102.025 101.802 $75,001 - $100,000 -.500 3.875% 102.928 102.700 102.520 102.297 $100,001 - $150,000 No Adj. 4.000% 103.436 103.208 103.028 102.805 $150,001+ +.250 4.125% 103.873 103.645 103.465 103.242 FICO Adjustments 4.250% 104.276 104.048 103.868 103.645 FICO 640-659 -.625 4.375% 104.634 104.406 104.226 104.003 FICO 660-679 -.250 4.500% 105.038 104.810 104.630 104.407 FICO 680-699 No Adj. 4.625% 104.418 104.190 104.010 103.787 FICO 700-719 +.100 4.750% 105.440 105.212 105.032 104.809 FICO 720+ +.200 Max GRH Rate = 4.750% 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: 1.125 Upfront Fee Indicate desired lock period in comments when locking online. Days Upfront Fee Refund @ Closing Rate Add-On FHA: All lock periods are available 90 0.375% 0.00% 0.000% VA: Only available for 90 or 120 days (N/A for 150 & 180 days) 120 0.625% 0.00% 0.000% 180 1.000% 0.00% 0.125% 270 1.000% 0.00% 0.250% 360 1.000% 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
Jumbo Programs #300440-30 Year Jumbo #200440-20 Year Jumbo #150440-15 Year Jumbo #100440-10 Year Jumbo 4.250% 99.889 99.826 99.764 99.701 4.250% 100.389 100.326 100.264 100.201 3.875% 99.495 99.432 99.370 99.307 4.000% 100.245 100.182 100.120 100.057 4.375% 100.389 100.326 100.264 100.201 4.375% 100.889 100.826 100.764 100.701 4.000% 99.870 99.807 99.745 99.682 4.125% 100.620 100.557 100.495 100.432 4.500% 100.889 100.826 100.764 100.701 4.500% 101.389 101.326 101.264 101.201 4.125% 100.245 100.182 100.120 100.057 4.250% 100.995 100.932 100.870 100.807 4.625% 101.389 101.326 101.264 101.201 4.625% 101.889 101.826 101.764 101.701 4.250% 100.620 100.557 100.495 100.432 4.375% 101.370 101.307 101.245 101.182 4.750% 101.889 101.826 101.764 101.701 4.750% 102.389 102.326 102.264 102.201 4.375% 100.995 100.932 100.870 100.807 4.500% 101.745 101.682 101.620 101.557 4.875% 102.389 102.326 102.264 102.201 4.875% 102.889 102.826 102.764 102.701 4.500% 101.370 101.307 101.245 101.182 4.625% 102.120 102.057 101.995 101.932 5.000% 102.764 102.701 102.639 102.576 5.000% 103.264 103.201 103.139 103.076 4.625% 101.745 101.682 101.620 101.557 4.750% 102.495 102.432 102.370 102.307 5.125% 103.139 103.076 103.014 102.951 5.125% 103.639 103.576 103.514 103.451 4.750% 102.120 102.057 101.995 101.932 4.875% 102.870 102.807 102.745 102.682 5.250% 103.514 103.451 103.389 103.326 5.250% 104.014 103.951 103.889 103.826 4.875% 102.495 102.432 102.370 102.307 #510440-5/1 Arm #710440-7/1 Arm #910440-10/1 Arm Caps: 2/2/5 Margin: 2.250 Index: Libor Caps: 2/2/5 Margin: 2.250 Index: Libor Caps: 2/2/5 Margin: 2.250 Index: Libor 3.750% 100.138 100.075 100.013 99.950 3.875% 100.388 100.325 100.263 100.200 4.125% 100.628 100.565 100.503 100.440 3.875% 100.513 100.450 100.388 100.325 4.000% 100.763 100.700 100.638 100.575 4.250% 101.003 100.940 100.878 100.815 4.000% 100.888 100.825 100.763 100.700 4.125% 101.138 101.075 101.013 100.950 4.375% 101.378 101.315 101.253 101.190 4.125% 101.263 101.200 101.138 101.075 4.250% 101.513 101.450 101.388 101.325 4.500% 101.753 101.690 101.628 101.565 4.250% 101.638 101.575 101.513 101.450 4.375% 101.888 101.825 101.763 101.700 4.625% 102.128 102.065 102.003 101.940 Price Adjustments Price Adjustments Program Features 60.01-70.01 75.01 Refinance (30 & 20 Yr) -0.125 Min FICO = 700 (Fixed) <=60% 70% 75% 80% Refinance (15 & 10 Yr) -0.125 Min FICO = 720 (Arms) FICO: Refinance (5/1 & 7/1 Arm) -0.125 Max Loan Amount = $3.0 Mil 800+ +.875 +.750 +.500 +.250 Refinance (10/1 Arm) -0.125 No Escrow Waiver Fee! 780-799 +.750 +.625 +.375 +.125 2nd Home -.250 760-779 +.500 +.375 +.125 -.250 Loan Amounts >= $1.0 mil +.125 740-759 +.250 +.125 -.125 -.625 720-739 0 -.250 -.500-1.000 RATE Adjustment State Pricing Special 700-719 -.125 -.625 -.875-1.375 Preferred Payment Plan (ACH)* -.250% (To Rate) Property: 30 & 20 Year Fixed (IL, KS, MO) 0.375 Investment Prop. -1.750 N/A N/A N/A * Rate can be reduced by.250% by setting up an 15 & 10 Year Fixed (IL, KS, MO) 0.375 3 Unit -.375 -.375 N/A N/A ACH for monthly payments. Arms (IL, KS, MO) 0.375 4 Unit -1.000-1.000 N/A N/A Cash Out -.250 -.375 N/A N/A Lower FICO FHA/VA Programs FHA/VA: 580-619 FICO FHA/VA w/fico 580-619 Adjustments FHA Streamline w/620 Min FICO FHA Streamline w/620 Min FICO Adj. 30 Year Fixed - #300133 FICO 600-619 No Adj 30 Year Fixed - #300134 FICO 680-699 +.125 4.375% 101.436 101.161 101.011 100.836 FICO 580-599 -.750 3.875% 102.182 101.932 101.807 101.657 FICO 660-679 No Adj 4.500% 102.001 101.726 101.576 101.401 VA - Purchase Only (#300333) -.250 4.000% 102.538 102.288 102.163 102.013 FICO 640-659 -.250 4.625% 102.029 101.754 101.604 101.429 $50,000 - $75,000-1.000 4.125% 102.870 102.620 102.495 102.345 FICO 620-639 -1.250 4.750% 102.253 101.978 101.828 101.653 $75,001 - $125,000 -.375 4.250% 102.812 102.562 102.437 102.287 4.875% 102.113 101.838 101.688 101.513 $125,001+ No Adj 4.375% 103.085 102.835 102.710 102.560 FHA Streamline w/580 Min FICO Adj. 5.000% 103.186 102.911 102.761 102.586 4.500% 103.322 103.072 102.947 102.797 FICO 600-619 No Adj 5.125% 102.577 102.302 102.152 101.977 4.625% 103.510 103.260 103.135 102.985 FICO 580-599 -.750 5.250% 102.856 102.581 102.431 102.256 4.750% 103.514 103.264 103.139 102.989 5.375% 102.982 102.707 102.557 102.382 Loan Amount Adj. 5.500% 104.340 104.065 103.915 103.740 $50,000 - $75,000-1.500 FHA Streamline w/fico 580-619 $75,001 - $125,000 -.375 30 Year Fixed - #300154 $125,001+ No Adj 4.500% 101.822 101.572 101.447 101.297 4.625% 102.010 101.760 101.635 101.485 4.750% 102.014 101.764 101.639 101.489 4.875% 102.070 101.820 101.695 101.545 5.000% 102.302 102.052 101.927 101.777 5.125% 102.508 102.258 102.133 101.983 HomeReady Home Ready (DU) Home Ready FICO/LTV Adjustments Other Home Ready Adjustments #300053-30 Year Fixed 60.01-70.01-75.01-80.01-85.01-90.01-95.01-2-4 Unit Property -1.000 FICO <=60.00% 3.750% 100.813 100.683 100.563 100.423 70.00% 75.00% 80.00% 85.00% 90.00% 95.00% 97.00% Condo w/ltv 75.01-80.00% -.750 3.875% 101.392 101.262 101.142 101.002 >= 740 0 -.250 -.250 -.500 0 0 0 0 4.000% 101.941 101.811 101.691 101.551 720-739 0 -.250 -.500 -.750 0 0 0 0 Home Ready Adjustment Caps 4.125% 102.432 102.302 102.182 102.042 700-719 0 -.500-1.000-1.250 0 0 0 0 > 80% LTV and >= 680 FICO: Cap = 0.000 4.250% 102.919 102.789 102.669 102.529 680-699 0 -.500-1.250-1.500 0 0 0 0 > 80% LTV and < 680 FICO: Cap = 1.500 4.375% 103.400 103.270 103.150 103.010 660-679 0-1.000-1.500-1.500-1.500-1.500-1.500-1.500 < 80% LTV: Cap = 1.500 4.500% 103.891 103.761 103.641 103.501 640-659 -.500-1.250-1.500-1.500-1.500-1.500-1.500-1.500 4.625% 104.249 104.119 103.999 103.859 620-639 -.500-1.500-1.500-1.500-1.500-1.500-1.500 N/A All conforming loan amount adjustments from page 2 apply. Home Possible Home Possible (LP) MI Coverage Home Possible FICO/LTV Adjustments Program Features #300036-30 Year Fixed LTV % Coverage LTV <= 80.00% -1.500 LP is required 3.875% 101.242 101.112 100.992 100.852 95.01-97% 25% LTV > 80.00% & FICO < 680-1.500 Max LTV: 97% 4.000% 101.791 101.661 101.541 101.401 90.01-95% 25% LTV > 80.00% & FICO >= 680 No Adj. Borrower income limits apply 4.125% 102.282 102.152 102.032 101.892 85.01-90% 25% Loan amount adjustments from page 2 apply. 4.250% 102.803 102.673 102.553 102.413 80.01-85% 12% Non-Community Sub Fin -.500 4.375% 103.305 103.175 103.055 102.915 4.500% 103.797 103.667 103.547 103.407 4.625% 104.119 103.989 103.869 103.729 4.750% 104.782 104.652 104.532 104.392 Important Information About MSI: Account Executive Brent Wilder 309-826-0484 bwilder@msiloans.biz Re-Lock Policy 15 Day Relock: Worse Case Pricing Extension Policy 2 Days (Only if 2 is all that is needed) Free! 30 Day Relock: Worse Case Pricing 1-30 Days (Max = 30 days) -.020/day (Max of 2 relocks allowed) ** Rate lock requests accepted until 6:00 pm central time. Overnight price protection is not available. (2nd relock is max of 15 days and requires a closing date) ** Rates/Prices are subject to change without prior notice. Not to be used to determine eligibility. ** All loans must disburse by expiration date and be delivered to MSI within 4 days of disbursement. ** Lower of two median credit scores used for all programs. ** All extension/relock requests must be requested prior to 5 pm ct. Page 4 of 5
Medical Doctor Program #300062-30 Year Fixed - Med Dr. #200062-20 Year Fixed - Med Dr. #150062-15 Year Fixed - Med Dr. #100062-10 Year Fixed - Med Dr. 4.000% 99.751 99.626 99.501 99.376 3.750% 99.801 99.676 99.551 99.426 3.125% 98.522 98.397 98.272 98.147 3.125% 98.222 98.097 97.972 97.847 4.125% 100.391 100.266 100.141 100.016 3.875% 100.423 100.298 100.173 100.048 3.250% 99.131 99.006 98.881 98.756 3.250% 98.831 98.706 98.581 98.456 4.250% 101.029 100.904 100.779 100.654 4.000% 101.014 100.889 100.764 100.639 3.375% 99.603 99.478 99.353 99.228 3.375% 99.303 99.178 99.053 98.928 4.375% 101.581 101.456 101.331 101.206 4.125% 101.318 101.193 101.068 100.943 3.500% 99.946 99.821 99.696 99.571 3.500% 99.646 99.521 99.396 99.271 4.500% 102.086 101.961 101.836 101.711 4.250% 101.944 101.819 101.694 101.569 3.625% 100.466 100.341 100.216 100.091 3.625% 100.166 100.041 99.916 99.791 4.625% 102.274 102.149 102.024 101.899 4.375% 102.525 102.400 102.275 102.150 3.750% 100.966 100.841 100.716 100.591 3.750% 100.666 100.541 100.416 100.291 4.750% 102.800 102.675 102.550 102.425 4.500% 103.061 102.936 102.811 102.686 3.875% 101.474 101.349 101.224 101.099 3.875% 101.174 101.049 100.924 100.799 All agency & loan amount adjusters from page 2 apply. LPMI options are also available -- Regular LPMI adjusters apply. Page 5 of 5