5 Hutton Centre Drive, Suite 200 | Santa Ana, CA 92707 6:00 PM PST · 2020-07-17 · 5 Hutton...

5 Hutton Centre Drive, Suite 200 | Santa Ana, CA 92707

FHA Sponsor ID: 2531000004 VA Sponsor ID: 902580-00-00

45 Day Pricing is 0.22 worse than 30 day, 60 Day pricing is 0.45 worse than 30 day

Lock online via: www.myNDM.comEmail: [email protected]: 949-386-5611

Today ChangeCONVENTIONAL PAR RATE

30 YR 3.500 (2.468) (2.418) (0.050)

15 YR 3.250 (1.754) (1.744) (0.010)

GOVERNMENT PAR RATE

30 YR 3.000 (1.537) (1.458) (0.079)

FHA Fixed Programs and Price Adjustments Page 2

VA Fixed Programs and Price Adjustments Page 3

FHA Streamline/VA IRRRL Programs and Price Adjustments Page 4

USDA Fixed /FHA ARMS Programs and Price Adjustments Page 5

FNMA Conventional Programs Page 7

FHLMC Conventional Programs Page 8

FNMA / FHLMC Price Adjustments Page 9

FNMA/FHLMC Affordable Programs Page 10

Premier Conventional Purchase Programs Page 11

Lock Terms

Max Net Prices

Standard Bal Fixed

FHA/ VA Fixed 30 Year

VA IRRRL MIN NET PRICE

0.025 /day

11/6/2020

Lender Fees and Fee BuyoutAll Lender fees are located:

Nations Direct fees may be included in Final Price

*No Fee Option (Use Fee Buyout Calcuator to convert to BPs)

Zone 1 Fee Buyouts capped at 1.5

AL, AZ, CO, DC, MA, MD, MI, NJ, PA, UT, VA Group 4

Table of Contents

Relocks are worse case plus the applicable extension fee above.

10/22/2020

GOVERNMENT MAX PRICES

FHA/ VA Fixed 15 Year

60 Day Lock Expiration

Max lock extension request 30 days / 60 days total

CA, IL, IN, NV, OH, OK

FL, GA, KY, LA, SC

CT, MN, MT, NC, ND, NH, TN, WI

Zone 2 Fee Buyouts capped at 1.2

State Adjustments

10/13/2020

* 30 Day Locks must be in "Approved" status or further11/21/2020

(5.500)

(2.500)

All ARMs

(4.500)

FHA/VA ARM

MAX NET PRICE PRIOR TO BROKER COMP

Visit us on the web @ http://www.nationsdirectmortgage.com | Call Us Today @ (949) 270-7979 | For Mortgage Professionals only. Distribution to the general public is prohibited. Rates, terms and programs are subject to

change without notice. Additional terms and conditions may apply. This is not an advertisement as defined in Regulation Z, section 226.2.

Nations Direct Mortgage is not part of, or associated with, HUD/FHA or the Federal Government.

JUMBO/ NON-QM MAX PRICES

Please see Pages 8-12 for Investor Specific Max Price

(2.500)

2.000

9/23/20 7:07 AM

*Locking available online until 6:00 PM PST for Agency Programs

(3.500)

(5.000)

Lock desk is available to assist from 7:30AM to 5:00PM PST

[email protected]

21 Day Lock Expiration*

Group 1

Group 5OR, TX, WA

* See lock policy for more detail

0.015 /day

Group 2 All Additional Extensions

1st & 2nd Lock Extension

Group 3

30 Day Lock Expiration*

45 Day Lock Expiration

Current SpecialsLock Desk Contact Info

CONVENTIONAL MAX PRICES

Extensions & Relocks

USDA Max Rate set by Rural Housing Authority

High Bal Fixed

Rate MovementYesterday

4.750

0.684Indices

15 YR APOR

30 YR APOR

2/25/2020

1 YR T-BILL

1 YR LIBOR

9/23/2020

9/23/20200.112

3/22/2018

10 YR T-BILL

PRIME

1.801

Locks accepted until 6:00 PM PST on

Agency programs

Confidential 9/23/2020 Page 1

http://www.myndm.com/

mailto:[email protected]




9/23/20 7:07 AM

*Locking available online until 6:00 PM PST for Agency ProgramsLock desk is available to assist from 7:30AM to 5:00PM PST

[email protected]

Rate 21 DAY 30 Day 45 Day 60 Day Rate 21 Day 30 Day 45 Day 60 Day (0.375)

3.875 (2.586) (2.554) (2.554) (2.492) 3.250 (0.212) (0.154) (0.154) (0.075) (0.250)

3.750 (2.576) (2.545) (2.545) (2.482) 3.125 0.035 0.187 0.187 0.390 0.000

3.625 (1.974) (1.935) (1.935) (1.856) 3.000 0.065 0.217 0.217 0.420 0.500

3.500 (1.900) (1.861) (1.861) (1.782) 2.875 0.132 0.284 0.284 0.487

3.375 (1.811) (1.772) (1.772) (1.694) 2.750 (0.008) 0.144 0.144 0.347 1.250

3.250 (1.705) (1.666) (1.666) (1.588) 2.625 0.713 0.924 0.924 1.205 1.750

3.125 (1.627) (1.525) (1.525) (1.322) 2.500 0.991 1.202 1.202 1.483 0.750

3.000 (1.560) (1.458) (1.458) (1.255) 2.375 1.304 1.515 1.515 1.796 0.250

2.990 (1.510) (1.408) (1.408) (1.205) 2.250 1.654 1.865 1.865 2.147 0.500

2.875 (1.280) (1.179) (1.179) (0.976)

2.750 (1.170) (1.068) (1.068) (0.865) 0.000

2.625 (0.849) (0.638) (0.638) (0.357)

2.500 (0.696) (0.485) (0.485) (0.204) 0.000

2.375 (0.384) (0.173) (0.173) 0.108 0.250

2.250 (0.221) (0.010) (0.010) 0.272 1.250

0.000

Rate 21 Day 30 Day 45 Day 60 Day Rate 21 Day 30 Day 45 Day 60 Day (0.050)

3.125 (1.061) (0.956) (0.956) (0.753) 3.125 3.362 3.467 3.467 3.569 (0.150)

3.000 (0.933) (0.828) (0.828) (0.625) 3.000 3.752 3.857 3.857 3.959 (0.200)

2.875 (0.727) (0.621) (0.621) (0.418) 2.875 4.065 4.171 4.171 4.272 (0.250)

2.750 (0.504) (0.399) (0.399) (0.196) 2.750 4.303 4.408 4.408 4.510

2.625 0.082 0.187 0.187 0.468 2.625 N/A N/A N/A N/A 1.000

2.500 0.252 0.357 0.357 0.639 2.500 N/A N/A N/A N/A 0.550

2.375 0.514 0.611 0.611 0.892 2.375 N/A N/A N/A N/A 0.350

2.250 0.787 0.884 0.884 1.165 2.250 N/A N/A N/A N/A 0.100

2.125 N/A N/A N/A N/A (0.100)

Rate 21 Day 30 Day 45 Day 60 Day Rate 21 Day 30 Day 45 Day 60 Day 0.000

4.000 (1.174) (1.127) (1.127) (1.096) 3.250 2.933 2.991 2.991 3.031 0.500

3.875 (1.081) (1.034) (1.034) (1.003) 3.125 2.805 2.957 2.957 3.160 0.500

3.750 (1.009) (0.962) (0.962) (0.931) 3.000 2.710 2.862 2.862 3.065

3.625 (0.223) (0.165) (0.165) (0.125) 2.875 3.027 3.179 3.179 3.382

3.500 (0.212) (0.153) (0.153) (0.114) N/A

3.375 (0.123) (0.065) (0.065) (0.025) N/A 0.000

3.250 (0.017) 0.041 0.041 0.081 N/A 0.750

3.125 0.249 0.401 0.401 0.604 N/A 0.250

3.000 0.310 0.462 0.462 0.665 N/A 0.500

N/A 1.250

(0.125) N/A N/A N/A N/A 1.750

(0.250) N/A N/A N/A N/A

(0.375) N/A N/A N/A N/A 0.250

(0.500) N/A N/A N/A N/A 0.500

(0.625) N/A N/A N/A N/A 1.250

0.000


3.125 (0.166) (0.061) (0.061) 0.142 3.125 3.092 3.197 3.197 3.400 (0.150)

3.000 0.212 0.317 0.317 0.520 3.000 3.326 3.431 3.431 3.634 (0.200)

2.875 0.606 0.711 0.711 0.914 2.875 3.733 3.838 3.838 4.041 (0.250)

2.750 1.016 1.121 1.121 1.324 2.750 4.533 4.638 4.638 4.841

2.625 N/A N/A N/A N/A 2.625 N/A N/A N/A N/A 1.000




2.125 N/A N/A N/A N/A 2.125 N/A N/A N/A N/A (0.100)

Visit us on the web @ http://www.nationsdirectmortgage.com | Call Us Today @ (949) 270-7979 | For Mortgage Professionals only. Distribution to the general public is prohibited. Rates, terms and programs are subject to change without notice. Additional

terms and conditions may apply. This is not an advertisement as defined in Regulation Z, section 226.2.


Standard Balance

DTI > 50%

DTI > 55%

State Adjustments15 Year Fixed

Manual Underwrite

No FICO Co-Borrower

Prices and Rates shown assume Borrower Paid Compensation.

Standard Balance

30/25/20 Year Fixed

Group 1

30/25/20 Year Fixed

$300k+

Group 3

Man. Home Cashout

Man. Home Pur, R/T

3-4 units

High Balance

2 Units (NJ Only)

<$150k

Loan Amount (No High Bal)

<$75k

30/25/20 Year Fixed Price Adjustments

Credit Score

Group 5

660-679

Group 4

High Balance

*Loan Amount Adjustments only apply to Fixed,

Standard Balance Loans

15 Year Fixed

Price Adjustments



600-619

No FICO adjustment will be manually added

2 Units (NJ Only)

Manual U/W adj will not apply to No FICO borrowers

Escr. Holdback

Man. Home Cashout

Man. Home Pur, R/T

<$100k

<$75k

Group 2

Group 3

Group 4

FHA FIXED FICO 640+

<$50k

3-4 units


Group 5

Standard Balance

Purchase

30/25/20 Year Fixed

Standard Balance High Balance

720+

15 Year Fixed

640-659

High Balance

Manual Underwrite

Escr. Holdback

DTI > 55%

Purchase

All Price Adjustments are Cumulative

15 Year Fixed

Group 1

<$100k

<$150k

$300k+

FHA FIXED FICO < 640

680-719

Group 2

620-639

Credit Score

<$50k

DTI > 50%

State Adjustments





9/23/20 7:07 AM


[email protected]


3.875 (2.236) (2.204) (2.204) (2.142) 3.250 1.538 1.596 1.596 1.675 (0.250)

3.750 (2.226) (2.195) (2.195) (2.132) 3.125 0.785 0.937 0.937 1.140 0.000

3.625 (1.624) (1.585) (1.585) (1.506) 3.000 0.815 0.967 0.967 1.170 0.500

3.500 (1.550) (1.511) (1.511) (1.432) 2.875 0.882 1.034 1.034 1.237

3.375 (1.461) (1.422) (1.422) (1.344) 2.750 0.742 0.894 0.894 1.097 1.250

3.250 (1.355) (1.316) (1.316) (1.238) 2.625 1.463 1.674 1.674 1.955 1.750

3.125 (1.277) (1.175) (1.175) (0.972) 2.500 1.741 1.952 1.952 2.233 0.750

3.000 (1.210) (1.108) (1.108) (0.905) 2.375 2.054 2.265 2.265 2.546 0.250

2.990 (1.160) (1.058) (1.058) (0.855) 2.250 2.404 2.615 2.615 2.897 0.000

2.875 (0.930) (0.829) (0.829) (0.626) (0.200)

2.750 (0.820) (0.718) (0.718) (0.515) 0.000

2.625 (0.429) (0.288) (0.288) (0.007)

2.500 (0.276) (0.135) (0.135) 0.146 0.000

2.375 0.037 0.177 0.177 0.458 0.250

2.250 0.200 0.340 0.340 0.622 (0.125) N/A N/A N/A N/A 1.250

0.000


3.125 (0.811) (0.706) (0.706) (0.503) 3.125 3.612 3.717 3.717 3.819 (0.150)

3.000 (0.683) (0.578) (0.578) (0.375) 3.000 4.002 4.107 4.107 4.209 (0.200)

2.875 (0.477) (0.371) (0.371) (0.168) 2.875 4.315 4.421 4.421 4.522 (0.250)

2.750 (0.254) (0.149) (0.149) 0.054 2.750 4.553 4.658 4.658 4.760

2.625 0.332 0.437 0.437 0.718 2.625 N/A N/A N/A N/A 1.000

2.500 0.502 0.607 0.607 0.889 2.500 N/A N/A N/A N/A 0.450

2.375 0.764 0.861 0.861 1.142 2.375 N/A N/A N/A N/A 0.200

2.250 1.037 1.134 1.134 1.415 2.250 N/A N/A N/A N/A 0.100



4.000 (0.924) (0.877) (0.877) (0.846) 3.250 3.183 3.241 3.241 3.281 0.500

3.875 (0.831) (0.784) (0.784) (0.753) 3.125 3.055 3.207 3.207 3.410 1.000

3.750 (0.759) (0.712) (0.712) (0.681) 3.000 2.960 3.112 3.112 3.315 0.500

3.625 0.027 0.085 0.085 0.125 2.875 3.277 3.429 3.429 3.632

3.500 0.038 0.097 0.097 0.136 2.750 2.887 3.039 3.039 3.242

3.375 0.127 0.185 0.185 0.225 2.625 N/A N/A N/A N/A

3.250 0.233 0.291 0.291 0.331 2.500 N/A N/A N/A N/A 0.750

3.125 0.499 0.651 0.651 0.854 2.375 N/A N/A N/A N/A 0.250

3.000 0.560 0.712 0.712 0.915 2.250 N/A N/A N/A N/A (0.200)

2.125 N/A N/A N/A N/A 0.000

2.000 N/A N/A N/A N/A 1.250

1.875 N/A N/A N/A N/A 1.750

1.750 N/A N/A N/A N/A 0.250

1.625 N/A N/A N/A N/A 0.500

1.500 N/A N/A N/A N/A 1.250

0.000


3.125 0.084 0.189 0.189 0.392 3.125 8.538 8.643 8.643 8.846 (0.150)

3.000 0.462 0.567 0.567 0.770 3.000 8.772 8.877 8.877 N/A (0.200)

2.875 0.856 0.961 0.961 1.164 2.875 N/A N/A N/A N/A (0.250)

2.750 1.266 1.371 1.371 1.574 2.750 N/A N/A N/A N/A






30/25/20 Year Fixed

Man. Home Pur, R/T

Credit Score

Purchase



2 Units (NJ Only)

3-4 units



15 Year Fixed State Adjustments

Group 5

Group 3

Group 1

DTI > 50%

DTI > 55%

<$50k

Man. Home Cashout

Standard Balance

680-719

660-679

<$75k

$300k+

<$100k

Price Adjustments30/25/20 Year Fixed

High Balance

720+

Purchase

640-659

VA FIXED FICO 640+

Standard Balance

<$150k

3-4 units

Purchase

Man. Home Pur, R/T

620-639

No FICO adjustment will be manually added

15 Year Fixed


Credit Score

Purchase

Group 4

Escr. Holdback


Group 2

Manual Underwrite

Group 4

Price Adjustments

VA FIXED FICO < 640

Group 3

15 Year Fixed


30/25/20 Year Fixed

Manual U/W adj will not apply to No FICO borrowers

2 Units (NJ Only)

Escr. Holdback

DTI > 55%

DTI > 50%

Group 1

Group 2

30/25/20 Year Fixed

No FICO Co-Borrower

<$50k

<$100k

<$75k







600-619

580-599

State Adjustments

Man. Home Cashout

High Balance

15 Year Fixed

$300k+

<$150k

Group 5





9/23/20 7:07 AM


[email protected]


3.500 (2.087) (2.048) (2.048) (1.970) 3.250 0.475 0.534 0.534 0.612 (0.125)

3.375 (1.999) (1.960) (1.960) (1.881) 3.125 (0.278) (0.125) (0.125) 0.078 0.500

3.250 (1.893) (1.854) (1.854) (1.775) 3.000 (0.248) (0.096) (0.096) 0.108 2.000

3.125 (1.814) (1.713) (1.713) (1.510) 2.875 (0.181) (0.029) (0.029) 0.174 2.500

3.000 (1.747) (1.646) (1.646) (1.442) 2.750 (0.321) (0.168) (0.168) 0.035 3.000

2.990 (1.697) (1.596) (1.596) (1.392) 2.625 0.401 0.612 0.612 0.893 0.250

2.875 (1.468) (1.366) (1.366) (1.163) 2.500 0.679 0.890 0.890 1.171 0.750

2.750 (1.357) (1.256) (1.256) (1.053) 2.375 0.991 1.202 1.202 1.483 1.250

2.625 (0.967) (0.826) (0.826) (0.545) 2.250 1.342 1.553 1.553 1.834 0.750

2.500 (0.813) (0.673) (0.673) (0.392)

2.375 (0.501) (0.360) (0.360) (0.079)

2.250 (0.338) (0.197) (0.197) 0.084 1.000

0.450

0.200

0.100


2.500 0.065 0.170 0.170 0.451 4.125 1.599 1.668 1.668 1.699

2.375 0.327 0.424 0.424 0.705 4.000 1.838 1.906 1.906 1.938

2.250 0.599 0.696 0.696 0.977 3.875 2.091 2.160 2.160 2.191


3.500 (1.900) (1.861) (1.861) (1.782) 3.250 1.013 1.071 1.071 1.150 (0.125)

3.375 (1.811) (1.772) (1.772) (1.694) 3.125 0.260 0.412 0.412 0.615 0.500

3.250 (1.705) (1.666) (1.666) (1.588) 3.000 0.290 0.442 0.442 0.645 2.000

3.125 (1.627) (1.525) (1.525) (1.322) 2.875 0.357 0.509 0.509 0.712 2.500

3.000 (1.560) (1.458) (1.458) (1.255) 2.750 0.217 0.369 0.369 0.572 3.000

2.990 (1.510) (1.408) (1.408) (1.205) 2.625 0.938 1.149 1.149 1.430 0.250

2.875 (1.280) (1.179) (1.179) (0.976) 2.500 1.216 1.427 1.427 1.708 0.750

2.750 (1.170) (1.068) (1.068) (0.865) 2.375 1.529 1.740 1.740 2.021 1.250

2.625 (0.904) (0.763) (0.763) (0.482) 2.250 1.529 1.740 1.740 2.022 0.750

2.500 (0.751) (0.610) (0.610) (0.329)

2.375 (0.438) (0.298) (0.298) (0.017)

2.250 (0.275) (0.135) (0.135) 0.147

1.000

0.450

0.200

0.100


2.500 0.252 0.357 0.357 0.639 4.125 2.137 2.206 2.206 2.237

2.375 0.514 0.611 0.611 0.892 4.000 2.375 2.444 2.444 2.475

2.250 0.787 0.884 0.884 1.165 3.875 2.629 2.697 2.697 2.729

2.125 3.750

2.000 3.625



NO STATE ADJUSTMENTS

<$150k

$300k+

3-4 units

$300k+



580-619

550-579 (NDM to NDM)

<$75k

<$50k

High Balance

High Balance

<$100k

660-679

High Balance

NO STATE ADJUSTMENTS

30/25/20 Year Fixed

15 Year Fixed

Manufactured Home

Credit Score

640-659

680+

N/O/O IRRRL

Standard Balance

15 Year Fixed

15 Year Fixed

30/25/20 Year Fixed

15 Year Fixed

VA FIXED IRRRL


2 Units (NJ Only)

Credit Score

620-639

Standard Balance

<$100k

30/25/20 Year Fixed

Manufactured Home

680+

<$50k

600-619

550-599 (NDM to NDM)

High Balance

<$75k

<$150k

3-4 units

Standard Balance

620-639




2 Units (NJ Only)


All Price Adjustments are CumulativePrices and Rates shown assume Borrower Paid Compensation.

Price Adjustments30/25/20 Year Fixed

N/O/O Streamline

660-679

Standard Balance

640-659

FHA FIXED STREAMLINE

Price Adjustments





9/23/20 7:07 AM


[email protected]


(0.250)

0.000

0.500

0.000

0.750

1.250

0.500

(0.125) N/A N/A N/A N/A

1.250

0.000

0.500

0.000

0.000

0.000

(0.050)

(0.150)

(0.200)

(0.250)

1.000

0.450

0.200

0.100

(0.100)



3.625 0.790 0.915 1.135 1.395 3.625 1.540 1.665 1.885 2.145 0.000

3.500 0.886 1.011 1.231 1.491 3.500 1.636 1.761 1.981 2.241 0.500

3.375 1.137 1.262 1.482 1.742 3.375 1.887 2.012 2.232 2.492

3.250 1.401 1.526 1.746 2.006 3.250 2.151 2.276 2.496 2.756

3.125 N/A N/A N/A N/A 3.125 N/A N/A N/A N/A






3.625 0.790 0.915 1.135 1.395 3.625 1.540 1.665 1.885 2.145

3.500 0.886 1.011 1.231 1.491 3.500 1.636 1.761 1.981 2.241

3.375 1.137 1.262 1.482 1.742 3.375 1.887 2.012 2.232 2.492 0.000

3.250 1.401 1.526 1.746 2.006 3.250 2.151 2.276 2.496 2.756 0.000





0.250

Man. Home Purch

680-719

720+

FHA/ VA ARMS (MIN 640 FICO)

<$100k

680-719

640-659

Other Adjustments

5/1 FHA CMT ARM

30 Year Fixed FICO 640+

Credit Score

USDA FIXED (30 YR ONLY)

DTI > 50%

DTI > 55%

Purchase

660-679

Standard Balance

600-619

Credit Score below 640

640-659

R&T

Sub. Finance > 100% CLTV

State Adjustments

Standard Balance

5/1 FHA CMT ARM

580-599

Price Adjustments

High Balance

720+


<$50k

Credit ScorePrice Adjustments

<$150k

Group 5

<$75k


Cash Out

Streamline/ VA IRRRL


Purchase

DTI > 50%

3-4 units

High BalanceStandard Balance

5/1 VA CMT ARM

DTI > 55%

No loan amount or state

adjustments

5/1 VA CMT ARM

2 Units (NJ)

Manual Underwrite

Group 2




Group 1

Standard Balanace

30 Year Fixed FICO < 640

620-639

Co-Borrower No FICO

Group 3

High Balance

$300k+

Group 4

660-679





9/23/20 7:07 AM


[email protected]




Prices and Rates shown assume Borrower Paid Compensation.All Price Adjustments are Cumulative





9/23/20 7:07 AM


[email protected]

Rate 21 Day 30 Day 45 Day 60 Day Rate 21 Day 30 Day 45 Day 60 Day Rate 21 Day 30 Day 45 Day 60 Day

4.750 (3.782) (3.762) (3.762) (3.681) 4.750 (3.017) (2.997) (2.997) (2.917) 3.625 (0.777) (0.733) (0.733) (0.557)

4.625 (3.400) (3.386) (3.386) (3.332) 4.625 (2.683) (2.669) (2.669) (2.615) 3.500 (0.684) (0.640) (0.640) (0.463)

4.500 (3.231) (3.224) (3.224) (3.195) 4.500 (2.380) (2.373) (2.373) (2.345) 3.375 (0.477) (0.433) (0.433) (0.256)

4.375 (3.004) (2.997) (2.997) (2.969) 4.375 (2.166) (2.159) (2.159) (2.131) 3.250 (0.207) (0.163) (0.163) 0.013

4.250 (2.784) (2.777) (2.777) (2.748) 4.250 (1.949) (1.942) (1.942) (1.914) 3.125 (0.655) (0.604) (0.604) (0.397)

4.125 (2.705) (2.694) (2.694) (2.650) 4.125 (2.118) (2.107) (2.107) (2.062) 3.000 (0.535) (0.483) (0.483) (0.277)

4.000 (2.509) (2.498) (2.498) (2.453) 4.000 (1.923) (1.912) (1.912) (1.868) 2.875 (0.138) (0.086) (0.086) 0.121

3.875 (2.289) (2.277) (2.277) (2.233) 3.875 (1.726) (1.714) (1.714) (1.670) 2.750 0.343 0.394 0.394 0.601

3.750 (2.019) (2.007) (2.007) (1.963) 3.750 (1.460) (1.449) (1.449) (1.405) 2.625 N/A N/A N/A N/A

3.625 (2.680) (2.636) (2.636) (2.459) 3.625 (2.520) (2.476) (2.476) (2.300) 2.500 N/A N/A N/A N/A

3.500 (2.462) (2.418) (2.418) (2.242) 3.500 (2.306) (2.262) (2.262) (2.086) 2.375 N/A N/A N/A N/A

3.375 (2.187) (2.143) (2.143) (1.966) 3.375 (2.058) (2.014) (2.014) (1.837) 2.250 N/A N/A N/A N/A

3.250 (1.887) (1.843) (1.843) (1.666) 3.250 (1.764) (1.720) (1.720) (1.544) 2.125 N/A N/A N/A N/A

3.125 (1.685) (1.633) (1.633) (1.427) 3.125 (1.489) (1.437) (1.437) (1.230) 2.000 N/A N/A N/A N/A

3.000 (1.280) (1.228) (1.228) (1.022) 3.000 (1.089) (1.037) (1.037) (0.831) 1.875 N/A N/A N/A N/A


4.125 (2.938) (2.915) (2.915) (2.823) 4.125 (2.439) (2.416) (2.416) (2.325) 3.125 (0.667) (0.632) (0.632) (0.492)

4.000 (2.732) (2.709) (2.709) (2.618) 4.000 (2.265) (2.242) (2.242) (2.150) 3.000 (0.536) (0.501) (0.501) (0.361)

3.875 (2.494) (2.472) (2.472) (2.380) 3.875 (2.058) (2.035) (2.035) (1.944) 2.875 (0.409) (0.373) (0.373) (0.233)

3.750 (2.244) (2.221) (2.221) (2.130) 3.750 (1.839) (1.816) (1.816) (1.725) 2.750 (0.270) (0.235) (0.235) (0.095)

3.625 (2.320) (2.315) (2.315) (2.293) 3.625 (2.020) (2.015) (2.015) (1.993) 2.625 (0.063) (0.028) (0.028) 0.112

3.500 (2.092) (2.087) (2.087) (2.065) 3.500 (1.823) (1.818) (1.818) (1.796) 2.500 N/A N/A N/A N/A

3.375 (1.952) (1.946) (1.946) (1.925) 3.375 (1.714) (1.708) (1.708) (1.687) 2.375 N/A N/A N/A N/A

3.250 (1.750) (1.744) (1.744) (1.723) 3.250 (1.543) (1.538) (1.538) (1.516) 2.250 N/A N/A N/A N/A

3.125 (1.991) (1.956) (1.956) (1.816) 3.125 (1.915) (1.880) (1.880) (1.740) 2.125 N/A N/A N/A N/A

3.000 (1.784) (1.749) (1.749) (1.609) 3.000 (1.740) (1.705) (1.705) (1.565) 2.000 N/A N/A N/A N/A

2.875 (1.568) (1.532) (1.532) (1.392) 2.875 (1.555) (1.519) (1.519) (1.379) 1.875 N/A N/A N/A N/A

2.750 (1.350) (1.315) (1.315) (1.175) 2.750 (1.368) (1.333) (1.333) (1.193) 1.750 N/A N/A N/A N/A

2.625 (1.028) (0.993) (0.993) (0.852) 2.625 (1.116) (1.081) (1.081) (0.941) 1.625 N/A N/A N/A N/A


2.875 (1.827) (1.702) (1.702) (1.702) 2.750 (0.450) (0.325) (0.105) 0.155 2.875 N/A N/A N/A N/A

2.750 (1.529) (1.404) (1.404) (1.404) 2.625 (0.118) 0.007 0.227 0.487 2.750 N/A N/A N/A N/A

2.625 (1.234) (1.109) (1.109) (1.109) 2.500 0.007 0.132 0.352 0.612 2.625 N/A N/A N/A N/A

2.500 (0.986) (0.861) (0.861) (0.861) 2.375 0.132 0.257 0.477 0.737 2.500 N/A N/A N/A N/A

2.375 (0.738) (0.613) (0.613) (0.613) 2.250 0.271 0.396 0.616 0.876 2.375 N/A N/A N/A N/A

2.250 (0.475) (0.350) (0.350) (0.350) 2.125 0.431 0.556 0.776 1.036 2.250 N/A N/A N/A N/A

2.125 (0.200) (0.075) (0.075) (0.075) 2.000 0.900 1.025 1.245 1.505 2.125 N/A N/A N/A N/A

2.000 0.214 0.339 0.339 0.339 1.875 1.369 1.494 1.714 1.974 2.000 N/A N/A N/A N/A

1.875 N/A N/A N/A N/A 1.750 1.838 1.963 2.183 2.443 1.875 N/A N/A N/A N/A

1.750 N/A N/A N/A N/A 1.625 N/A N/A N/A N/A 1.750 N/A N/A N/A N/A



2.875 (1.827) (1.702) (1.702) (1.702) 2.750 (0.450) (0.325) (0.105) 0.155 2.875 N/A N/A N/A N/A

2.750 (1.529) (1.404) (1.404) (1.404) 2.625 (0.118) 0.007 0.227 0.487 2.750 N/A N/A N/A N/A

2.625 (1.234) (1.109) (1.109) (1.109) 2.500 0.007 0.132 0.352 0.612 2.625 N/A N/A N/A N/A

2.500 (0.986) (0.861) (0.861) (0.861) 2.375 0.132 0.257 0.477 0.737 2.500 N/A N/A N/A N/A

2.375 (0.738) (0.613) (0.613) (0.613) 2.250 0.271 0.396 0.616 0.876 2.375 N/A N/A N/A N/A

2.250 (0.475) (0.350) (0.350) (0.350) 2.125 0.431 0.556 0.776 1.036 2.250 N/A N/A N/A N/A

2.125 (0.200) (0.075) (0.075) (0.075) 2.000 0.900 1.025 1.245 1.505 2.125 N/A N/A N/A N/A

2.000 0.214 0.339 0.339 0.339 1.875 1.369 1.494 1.714 1.974 2.000 N/A N/A N/A N/A




15 Year Fixed DU 10 Year Fixed DU

Standard Balance

30/25/20 Year Fixed DU30/25 Year Fixed DU

Standard Balance Standard Balance

7/1 LIBOR ARM

MARGIN: 2.25% CAPS: 5/2/5

5/1 LIBOR ARM 10/1 LIBOR ARM


Standard Balance

Standard Balance

7/1 LIBOR ARM

20 Year Fixed DU

FANNIE MAE FIXED

5/1 LIBOR ARM


10/1 LIBOR ARM

FANNIE MAE ARM

Standard Balance

15/10 Year Fixed DU


High BalanceHigh Balance

MARGIN: 2.25% CAPS: 2/2/5 MARGIN: 2.25% CAPS: 5/2/5




High Balance



High Balance





9/23/20 7:07 AM


[email protected]


4.750 (3.612) (3.592) (3.592) (3.512) 4.750 (4.123) (4.103) (4.103) (4.023) 3.625 (0.800) (0.756) (0.756) (0.580)

4.625 (3.323) (3.309) (3.309) (3.255) 4.625 (3.800) (3.786) (3.786) (3.732) 3.500 (0.566) (0.522) (0.522) (0.346)

4.500 (3.220) (3.213) (3.213) (3.185) 4.500 (3.687) (3.680) (3.680) (3.652) 3.375 (0.254) (0.209) (0.209) (0.033)

4.375 (2.981) (2.974) (2.974) (2.946) 4.375 (3.544) (3.537) (3.537) (3.509) 3.250 0.108 0.153 0.153 0.329

4.250 (2.744) (2.737) (2.737) (2.708) 4.250 (3.400) (3.393) (3.393) (3.364) 3.125 (0.907) (0.855) (0.855) (0.648)

4.125 (2.642) (2.630) (2.630) (2.586) 4.125 (2.460) (2.448) (2.448) (2.404) 3.000 (0.641) (0.589) (0.589) (0.383)

4.000 (2.430) (2.419) (2.419) (2.374) 4.000 (2.304) (2.293) (2.293) (2.248) 2.875 (0.155) (0.103) (0.103) 0.103

3.875 (2.186) (2.175) (2.175) (2.130) 3.875 (2.013) (2.002) (2.002) (1.957) 2.750 0.393 0.445 0.445 0.651

3.750 (1.885) (1.874) (1.874) (1.829) 3.750 (1.698) (1.687) (1.687) (1.642) 2.625 N/A N/A N/A N/A

3.625 (2.825) (2.781) (2.781) (2.605) 3.625 (2.656) (2.612) (2.612) (2.436) 2.500 N/A N/A N/A N/A

3.500 (2.591) (2.547) (2.547) (2.371) 3.500 (2.423) (2.379) (2.379) (2.203) 2.375 N/A N/A N/A N/A

3.375 (2.279) (2.234) (2.234) (2.058) 3.375 (2.139) (2.094) (2.094) (1.918) 2.250 N/A N/A N/A N/A

3.250 (1.917) (1.872) (1.872) (1.696) 3.250 (1.823) (1.778) (1.778) (1.602) 2.125 N/A N/A N/A N/A

3.125 (1.735) (1.683) (1.683) (1.476) 3.125 (1.505) (1.453) (1.453) (1.246) 2.000 N/A N/A N/A N/A

3.000 (1.344) (1.292) (1.292) (1.086) 3.000 (1.120) (1.068) (1.068) (0.862) 1.875 N/A N/A N/A N/A


3.500 (1.899) (1.894) (1.894) (1.872) 3.500 (1.819) (1.814) (1.814) (1.792) 3.500 (1.149) (1.144) (1.144) (1.122)

3.375 (1.783) (1.778) (1.778) (1.756) 3.375 (1.703) (1.698) (1.698) (1.676) 3.375 (1.065) (1.059) (1.059) (1.038)

3.250 (1.534) (1.529) (1.529) (1.507) 3.250 (1.454) (1.449) (1.449) (1.427) 3.250 (0.847) (0.841) (0.841) (0.820)

3.125 (1.404) (1.369) (1.369) (1.229) 3.125 (1.324) (1.289) (1.289) (1.149) 3.125 (0.716) (0.681) (0.681) (0.541)

3.000 (1.815) (1.780) (1.780) (1.640) 3.000 (1.735) (1.700) (1.700) (1.560) 3.000 (1.611) (1.576) (1.576) (1.436)

2.875 (1.664) (1.629) (1.629) (1.489) 2.875 (1.584) (1.549) (1.549) (1.409) 2.875 (1.446) (1.411) (1.411) (1.270)

2.750 (1.431) (1.396) (1.396) (1.256) 2.750 (1.351) (1.316) (1.316) (1.176) 2.750 (1.197) (1.162) (1.162) (1.022)

2.625 (1.071) (1.036) (1.036) (0.896) 2.625 (0.991) (0.956) (0.956) (0.816) 2.625 (0.821) (0.786) (0.786) (0.646)

2.500 (0.815) (0.780) (0.780) (0.640) 2.500 (0.735) (0.700) (0.700) (0.560) 2.500 (0.674) (0.639) (0.639) (0.499)

2.375 (0.456) (0.424) (0.424) (0.295) 2.375 (0.458) (0.425) (0.425) (0.296) 2.375 (0.300) (0.268) (0.268) (0.138)

2.250 (0.089) (0.056) (0.056) 0.073 2.250 (0.072) (0.040) (0.040) 0.090 2.250 N/A N/A N/A N/A



2.875 (1.827) (1.702) (1.702) (1.702) 2.750 (0.450) (0.325) (0.105) 0.155 2.875 N/A N/A N/A N/A

2.750 (1.529) (1.404) (1.404) (1.404) 2.625 (0.118) 0.007 0.227 0.487 2.750 N/A N/A N/A N/A

2.625 (1.234) (1.109) (1.109) (1.109) 2.500 0.007 0.132 0.352 0.612 2.625 N/A N/A N/A N/A

2.500 (0.986) (0.861) (0.861) (0.861) 2.375 0.132 0.257 0.477 0.737 2.500 N/A N/A N/A N/A

2.375 (0.738) (0.613) (0.613) (0.613) 2.250 0.271 0.396 0.616 0.876 2.375 N/A N/A N/A N/A

2.250 (0.475) (0.350) (0.350) (0.350) 2.125 0.431 0.556 0.776 1.036 2.250 N/A N/A N/A N/A

2.125 (0.200) (0.075) (0.075) (0.075) 2.000 0.900 1.025 1.245 1.505 2.125 N/A N/A N/A N/A

2.000 0.214 0.339 0.339 0.339 1.875 1.369 1.494 1.714 1.974 2.000 N/A N/A N/A N/A





2.875 (1.827) (1.702) (1.702) (1.702) 2.750 (0.450) (0.325) (0.105) 0.155 2.875 N/A N/A N/A N/A

2.750 (1.529) (1.404) (1.404) (1.404) 2.625 (0.118) 0.007 0.227 0.487 2.750 N/A N/A N/A N/A

2.625 (1.234) (1.109) (1.109) (1.109) 2.500 0.007 0.132 0.352 0.612 2.625 N/A N/A N/A N/A

2.500 (0.986) (0.861) (0.861) (0.861) 2.375 0.132 0.257 0.477 0.737 2.500 N/A N/A N/A N/A

2.375 (0.738) (0.613) (0.613) (0.613) 2.250 0.271 0.396 0.616 0.876 2.375 N/A N/A N/A N/A

2.250 (0.475) (0.350) (0.350) (0.350) 2.125 0.431 0.556 0.776 1.036 2.250 N/A N/A N/A N/A

2.125 (0.200) (0.075) (0.075) (0.075) 2.000 0.900 1.025 1.245 1.505 2.125 N/A N/A N/A N/A

2.000 0.214 0.339 0.339 0.339 1.875 1.369 1.494 1.714 1.974 2.000 N/A N/A N/A N/A




Standard BalanceStandard Balance

7/1 LIBOR ARM

High Balance





MARGIN: 2.25% CAPS: 2/2/5 MARGIN: 2.25% CAPS: 5/2/5 MARGIN: 2.25% CAPS: 5/2/5

30/25 Year Fixed LP 20 Year Fixed LP

10 Year Fixed LP

MARGIN: 2.25% CAPS: 2/2/5 MARGIN: 2.25% CAPS: 5/2/5

FREDDIE MAC ARM

5/1 LIBOR ARM

High Balance

7/1 LIBOR ARM 10/1 LIBOR ARM

High Balance

Standard Balance

FHLMC CONFORMING FIXED

High Balance

Standard Balance

Standard Balance

Standard Balance

High Balance

5/1 LIBOR ARM

15 Year Fixed LP 15/10 Year Fixed LP

30/25/20 Year Fixed LP

Standard Balance


10/1 LIBOR ARM





9/23/20 7:07 AM


[email protected]

≥ 740 0.000 0.250 0.250 0.500 0.250 0.250 0.250 0.750 ≥ 740 0.625 0.875 1.000 1.375

720–739 0.000 0.250 0.500 0.750 0.500 0.500 0.500 1.000 720–739 0.625 1.250 1.375 1.625

700–719 0.000 0.500 1.000 1.250 1.000 1.000 1.000 1.500 700–719 0.625 1.375 1.500 1.625

680–699 0.000 0.500 1.250 1.750 1.500 1.250 1.250 1.500 680–699 0.625 1.500 1.625 2.250

660–679 0.000 1.000 2.250 2.750 2.750 2.250 2.250 2.250 660–679 1.000 1.625 1.625 2.375

640–659 0.500 1.250 2.750 3.000 3.250 2.750 2.750 2.750 640–659 1.125 2.125 2.125 3.125

620–639 0.500 1.500 3.000 3.000 3.250 3.250 3.250 3.500 620–639 1.125 2.125 2.125 3.625

< 620* 0.500 1.500 3.000 3.000 3.250 3.250 3.250 3.750

* Below 620 only on HARP eligible loans

2.125 2.125 2.125 3.375 4.125 N/A N/A N/A<$50k 1.250

0.250 0.250 0.250 0.250 0.250 0.250 0.250 N/A <$75k 0.750

1.000 1.000 1.000 1.000 N/A N/A N/A N/A <$100k 0.550

0.750 0.750 0.750 1.500 1.500 1.500 N/A N/A <$150k 0.150

0.250 0.250 0.250 0.250 N/A N/A N/A N/A $300k+ (0.050)

0.000 0.000 0.000 0.000 0.000 0.250 N/A N/A1.000 1.000 1.000 1.000 1.000 N/A N/A N/A Group 1 0.000

1.000 1.000 1.000 1.000* N/A N/A N/A N/A Group 2 (0.050)

0.750 0.750 0.750 0.750 0.750 0.750 0.750 N/A Group 3 (0.150)Group 4 (0.200)

0.000 0.000 0.000 0.750 0.750 0.750 0.750 0.750 Group 5 (0.250)

* 3-4 unit only on Freddie loans

0.500 0.250

0.750 0.500

1.000 0.750

1.000 0.750

760+ 740-759 720-739 700-719 680-699 660-679 640-659 620-639

2.300 3.320 4.230 5.050 6.270 8.420 9.130 10.000

1.890 2.650 3.320 3.930 4.850 6.430 6.990 7.750

1.430 2.040 2.500 3.010 3.670 5.050 5.360 5.870

0.710 0.870 1.020 1.170 1.380 1.840 2.040 2.190

760+ 740-759 720-739 700-719 680-699 660-679 640-659 620-639

2.120 3.140 4.050 4.770 5.990 8.030 8.740 9.610

1.450 2.120 2.680 3.090 3.900 5.120 5.630 6.240

0.790 1.040 1.300 1.450 1.760 2.310 2.520 2.770

0.550 0.550 0.550 0.550 0.590 0.730 0.780 0.890

760+ 740-759 720-739 700-719 680-699 660-679 640-659 620-639

0.110 0.170 0.220 0.300 0.380 0.420 0.440 0.490

0.280 0.390 0.500 0.620 0.750 0.890 1.010 1.250

0.350 0.440 0.570 0.720 1.000 1.120 1.270 1.530

0.000 0.000 0.000 0.530 0.530 1.050 1.050 1.050

0.500 0.500 0.700 1.000 1.000 1.300 1.300 1.300

0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000

0.250 0.490 0.700 0.700 1.230 1.230 1.230 1.350

1.190 1.190 1.330 1.750 1.750 2.630 2.630 2.630

1.190 1.190 1.330 1.750 1.750 2.630 2.630 2.630

0.500 0.500 0.700 1.000 1.000 1.300 1.300 1.300

Cash out

Rate and Term

DTI > 45, LTV 90.01-95

3 to 4 unit property

Second Home

Loan Size > $650,000





Amortization <= 20 yr fixedLender Paid MI FICO Range

97% to 95.01% 35%

95% to 90.01% 30%

All amortizationsLender Paid MI FICO Range

85% and below

25%

12%

CONVENTIONAL MORTGAGE INSURANCE

Amortization > 20 yr fixedLender Paid MI FICO Range

LTV Coverage97% to 95.01% 35%

95% to 90.01% 30%

All mortgages where the CLTV exceeds the 0.375 Escrow Waiver CA Only 0.000

Escrow Waiver All Other States 0.150

Fannie Mae's HomeReady program is available on Page 10.

Freddie Mac's HomePossible program is available on Page 10.


Adverse Market Fee - Refinances >= $125k 0.500**

**Only applies to 45 & 60 day locks

AdjustersDTI > 45, LTV 80.01-85

80.01% – 95.00%

≤ 95.00%

<

60.00%

90% to 85.01%

Texas Cash out

90.01 –

95.00%

Subordinate Financing

80.01% – 95.00%

85.01 –

90.00%

60.01 –

70.00%

95.01% – 97.00% 1.500

90.01% – 95.00%

76.01% – 90.00%75.01% – 90.00%

85% and below

LTV

90% to 85.01%

12%

Coverage

70.01 –

75.00%

65.01% – 75.00%

≤ 65.00%

LTV Range CLTV Range

FICO ≥

720

FICO <

720

Applicable for all mortgages with terms greater than 15 years

25%

The LLPAs below are in addition to the LLPA above

Product Feature

75.01 –

80.00%

LTV Range

Second Home

Investment property

High Balance ARM (Based off CLTV)

High Balance Cashout

Other Adjustments


State Adj.

Manufactured Home

95.01 –

97.00%

80.01 –

85.00%

75.01 –

80.00%

70.01 –

75.00%

FICO

Score

FNMA/ FHLMC LLPAS **ALL ADJUSTMENTS ARE CUMULATIVE**

Applicable for all mortgage terms

75.01% – 95.00%

DTI > 45, LTV 85.01-90

Manufactured Home

Investment property

All LPMI Adjustments are Cumulative

LTV Range - Applicable for all mortgage terms

2-unit property

95.01 –

97.00%

3-4 unit property

Loan Amount

Adjustments

(No High Bal)

70.01 –

75.00%

75.01 –

80.00%

High Balance Purchase or R/T

60.01 –

70.00%

90.01 –

95.00%< 60.00%

LTV Range

80.01 –

85.00%

60.01 –

70.00%

FICO

Score

Condominium

Cash-out Refinance

85.01 –

90.00%

<

60.00%





9/23/20 7:07 AM


[email protected]


4.750 (3.572) (3.512) (3.512) (3.471) 5.000 N/A N/A N/A N/A 4.500 0.499 0.520 0.549 0.577

4.625 (3.177) (3.136) (3.136) (3.109) 4.875 N/A N/A N/A N/A 4.375 0.724 0.746 0.774 0.802

4.500 (2.995) (2.974) (2.974) (2.960) 4.750 (2.808) (2.747) (2.747) (2.707) 4.250 0.932 0.954 0.982 1.010

4.375 (2.768) (2.747) (2.747) (2.733) 4.625 (2.460) (2.419) (2.419) (2.392) 4.125 (0.328) (0.294) (0.250) (0.205)

4.250 (2.548) (2.527) (2.527) (2.513) 4.500 (2.145) (2.123) (2.123) (2.109) 4.000 (0.221) (0.188) (0.143) (0.099)

4.125 (2.477) (2.444) (2.444) (2.422) 4.375 (1.931) (1.909) (1.909) (1.895) 3.875 (0.031) 0.002 0.047 0.091

4.000 (2.281) (2.248) (2.248) (2.225) 4.250 (1.713) (1.692) (1.692) (1.678) 3.750 0.214 0.248 0.292 0.336

3.875 (2.061) (2.027) (2.027) (2.005) 4.125 (1.890) (1.857) (1.857) (1.834) 3.625 (0.553) (0.421) (0.244) (0.068)

3.750 (1.791) (1.757) (1.757) (1.735) 4.000 (1.696) (1.662) (1.662) (1.640) 3.500 (0.522) (0.390) (0.213) (0.037)

3.625 (2.518) (2.386) (2.386) (2.297) 3.875 (1.498) (1.464) (1.464) (1.442) 3.375 (0.315) (0.183) (0.006) 0.170

3.500 (2.300) (2.168) (2.168) (2.080) 3.750 (1.233) (1.199) (1.199) (1.177) 3.250 (0.045) 0.087 0.263 0.440

3.375 (2.025) (1.893) (1.893) (1.805) 3.625 (2.358) (2.226) (2.226) (2.138) 3.125 (0.509) (0.354) (0.147) 0.060

3.250 (1.725) (1.593) (1.593) (1.504) 3.500 (2.145) (2.012) (2.012) (1.924) 3.000 (0.388) (0.233) (0.027) 0.180

Rate 21 Day 30 Day 45 Day 60 Day

4.500 N/A (2.540) N/A N/A

4.375 N/A (2.532) N/A N/A

4.250 (2.470) (2.401) (2.310) (2.218)

4.125 (2.609) (2.540) (2.448) (2.357)

4.000 (2.403) (2.334) (2.243) (2.151)

3.875 (2.165) (2.097) (2.005) (1.913)

3.750 (1.915) (1.846) (1.755) (1.663)

3.625 (1.956) (1.940) (1.918) (1.897)

3.500 (1.728) (1.712) (1.690) (1.669)

3.375 (1.588) (1.571) (1.550) (1.528)

3.250 (1.386) (1.369) (1.348) (1.326)

3.125 (1.686) (1.581) (1.441) (1.301)

3.000 (1.479) (1.374) (1.234) (1.094)

2.875 (1.263) (1.157) (1.017) (0.877)

2.750 (1.045) (0.940) (0.800) (0.660)

Rate 21 Day 30 Day 45 Day 60 Day RATE 21 DAY 30 DAY 45 Day 60 Day Rate 21 Day 30 Day 45 Day 60 Day

4.750 (3.612) (3.592) (3.592) (3.512) 5.000 N/A N/A N/A N/A 4.500 (0.276) (0.269) (0.269) (0.241)

4.625 (3.323) (3.309) (3.309) (3.255) 4.875 N/A N/A N/A N/A 4.375 (0.037) (0.030) (0.030) (0.002)

4.500 (3.220) (3.213) (3.213) (3.185) 4.750 (4.123) (4.103) (4.103) (4.023) 4.250 0.200 0.207 0.207 0.235

4.375 (2.981) (2.974) (2.974) (2.946) 4.625 (3.800) (3.786) (3.786) (3.732) 4.125 (1.309) (1.298) (1.298) (1.253)

4.250 (2.744) (2.737) (2.737) (2.708) 4.500 (3.687) (3.680) (3.680) (3.652) 4.000 (1.097) (1.086) (1.086) (1.042)

4.125 (2.642) (2.630) (2.630) (2.586) 4.375 (3.544) (3.537) (3.537) (3.509) 3.875 (0.853) (0.842) (0.842) (0.797)

4.000 (2.430) (2.419) (2.419) (2.374) 4.250 (3.400) (3.393) (3.393) (3.364) 3.750 (0.552) (0.541) (0.541) (0.496)

3.875 (2.186) (2.175) (2.175) (2.130) 4.125 (2.460) (2.448) (2.448) (2.404) 3.625 (0.800) (0.756) (0.756) (0.580)

3.750 (1.885) (1.874) (1.874) (1.829) 4.000 (2.304) (2.293) (2.293) (2.248) 3.500 (0.566) (0.522) (0.522) (0.346)

3.625 (2.825) (2.781) (2.781) (2.605) 3.875 (2.013) (2.002) (2.002) (1.957) 3.375 (0.254) (0.209) (0.209) (0.033)

3.500 (2.591) (2.547) (2.547) (2.371) 3.750 (1.698) (1.687) (1.687) (1.642) 3.250 0.108 0.153 0.153 0.329

3.375 (2.279) (2.234) (2.234) (2.058) 3.625 (2.656) (2.612) (2.612) (2.436) 3.125 (0.907) (0.855) (0.855) (0.648)

3.250 (1.917) (1.872) (1.872) (1.696) 3.500 (2.423) (2.379) (2.379) (2.203) 3.000 (0.641) (0.589) (0.589) (0.383)

3.125 (1.735) (1.683) (1.683) (1.476) 3.375 (2.139) (2.094) (2.094) (1.918) 2.875 (0.155) (0.103) (0.103) 0.103

3.000 (1.344) (1.292) (1.292) (1.086) 3.250 (1.823) (1.778) (1.778) (1.602) 2.750 0.393 0.445 0.445 0.651

760+ 740-759 720-739 700-719 680-699 660-679 640-659 620-639

1.510 2.040 2.540 2.990 3.680 4.820 5.240 5.720

1.270 1.720 2.120 2.470 3.020 3.930 4.170 4.440

1.080 1.510 1.870 2.240 2.710 3.650 3.800 3.980

0.530 0.650 0.750 0.870 1.020 1.370 1.410 1.460

760+ 740-759 720-739 700-719 680-699 660-679 640-659 620-639

0.980 1.290 1.580 1.850 2.240 2.870 3.050 3.260

0.860 1.120 1.350 1.570 1.870 2.390 2.490 2.620

0.750 1.000 1.210 1.430 1.690 2.240 2.310 2.390

0.430 0.500 0.560 0.620 0.710 0.920 0.950 0.950

760+ 740-759 720-739 700-719 680-699 660-679 640-659 620-639

0.540 0.600 0.700 0.850 1.050 1.500 N/A N/A

All LLPAs from Page 9 apply to HomeReady & HomePossible loans.

Standard Balance

30/25 Year Fixed HomeReady 30 Year Fixed HomeReady

15 Year Fixed HomeReady

Standard Balance

High BalanceStandard Balance

AFFORDABLE HOUSING PROGRAMS

30/25 Year Fixed HomePossible

High Balance

Purchase Special

30 Year Fixed HomePossible

Standard Balance

All LPMI Adjustments are Cumulative

85% and below

97% to 95.01%LTV

Price Adjustment Cap: 1.5

Adjusters

FICO RangeAmortization <= 20 yr fixed

97% to 95.01%

Coverage

FICO Range

Price Adjustment Cap: 0.0

12%

95% to 90.01%


Coverage

Lender Paid MI

90% to 85.01%

Lender Paid MI

LTV > 80% and credit score ≥ 680

FICO Range

**Fee Buyout, Escrow Waiver, Loan Amount, State, LPMI, Manu. Home, Extension, and

Relock adjustments do not apply to price adjustment cap.**

25%

Manufactured Home

All amortizations

25%

85% and below 12%

25%

90% to 85.01%

Lender Paid MI

LTV

All other LTV ratios and credit score

combinations

20 Year Fixed HomeReady

AFFORDABLE HOUSING MORTGAGE INSURANCE

FNMA HOME READY

HomeReady/HomePossible Price Adjustment Cap

25%

95% to 90.01%

Amortization > 20 yr fixed

AFFORDABLE HOUSING LLPAS

Standard Balance

25%

25%




FHLMC HOME POSSIBLE ADVANTAGE

20 Year Fixed HomePossible





9/23/20 7:07 AM


[email protected]


4.000 (2.875) (2.750) (2.750) (2.625) 3.750 (2.250) (2.125) (2.125) (2.000) 4.000 N/A N/A N/A N/A

3.875 (2.750) (2.625) (2.625) (2.500) 3.625 (3.250) (3.125) (3.125) (3.000) 3.875 (1.500) (1.250) (1.250) (1.125)

3.750 (2.500) (2.375) (2.375) (2.250) 3.500 (3.000) (2.875) (2.875) (2.750) 3.750 (1.250) (1.000) (1.000) (0.875)

3.625 (3.375) (3.250) (3.250) (3.125) 3.375 (2.625) (2.500) (2.500) (2.375) 3.625 (1.500) (1.250) (1.250) (1.125)

3.500 (3.125) (3.000) (3.000) (2.875) 3.250 (2.375) (2.250) (2.250) (2.125) 3.500 (1.375) (1.125) (1.125) (1.000)

3.375 (2.875) (2.750) (2.750) (2.625) 3.125 (2.000) (1.875) (1.875) (1.750) 3.375 (1.125) (0.875) (0.875) (0.750)

3.250 (2.500) (2.375) (2.375) (2.250) 3.000 (1.750) (1.625) (1.625) (1.500) 3.250 (0.875) (0.625) (0.625) (0.500)

3.125 (2.250) (2.125) (2.125) (2.000) 2.875 (1.500) (1.250) (1.250) (1.125) 3.125 (1.625) (1.375) (1.375) (1.250)

3.000 (2.000) (1.875) (1.875) (1.750) 2.750 (1.000) (0.750) (0.750) (0.625) 3.000 (1.250) (1.000) (1.000) (0.875)

2.990 (1.875) (1.750) (1.750) (1.625) 2.625 N/A N/A N/A N/A 2.990 (1.125) (0.875) (0.875) (0.750)

2.875 (1.500) (1.375) (1.375) (1.250) 2.500 N/A N/A N/A N/A 2.875 (0.625) (0.375) (0.375) (0.250)

2.750 (0.875) (0.750) (0.750) (0.625) 2.750 (0.125) 0.125 0.125 0.250

2.625 (0.125) 0.125 0.125 0.250

2.500 0.375 0.625 0.625 0.750


3.375 (2.750) (2.625) (2.625) (2.500) 3.750 (3.250) (3.125) (3.125) (3.000) 3.625 (1.625) (1.375) (1.375) (1.250)

3.250 (2.500) (2.375) (2.375) (2.250) 3.625 (3.250) (3.125) (3.125) (3.000) 3.500 (2.000) (1.750) (1.750) (1.625)

3.125 (2.750) (2.625) (2.625) (2.500) 3.500 (3.000) (2.875) (2.875) (2.750) 3.375 (1.875) (1.625) (1.625) (1.500)

3.000 (2.500) (2.375) (2.375) (2.250) 3.375 (2.750) (2.625) (2.625) (2.500) 3.250 (1.500) (1.250) (1.250) (1.125)

2.875 (2.375) (2.250) (2.250) (2.125) 3.250 (2.500) (2.375) (2.375) (2.250) 3.125 (1.500) (1.250) (1.250) (1.125)

2.750 (2.125) (2.000) (2.000) (1.875) 3.125 (2.750) (2.625) (2.625) (2.500) 3.000 (2.250) (2.000) (2.000) (1.875)

2.625 (1.750) (1.625) (1.625) (1.500) 3.000 (2.500) (2.375) (2.375) (2.250) 2.875 (2.000) (1.750) (1.750) (1.625)

2.500 (1.375) (1.250) (1.250) (1.125) 2.875 (2.375) (2.250) (2.250) (2.125) 2.750 (1.750) (1.500) (1.500) (1.375)

2.375 (1.000) (0.875) (0.875) (0.750) 2.750 (2.125) (2.000) (2.000) (1.875) 2.625 (1.375) (1.125) (1.125) (1.000)

2.250 (0.625) (0.500) (0.500) (0.375) 2.625 (1.750) (1.625) (1.625) (1.500) 2.500 (1.250) (1.000) (1.000) (0.875)

2.125 (0.250) 0.000 0.000 0.125 2.500 (1.375) (1.250) (1.250) (1.125) 2.375 (0.875) (0.625) (0.625) (0.500)

2.000 0.375 0.625 0.625 0.750 2.375 (1.000) (0.875) (0.875) (0.750) 2.250 (0.500) (0.250) (0.250) (0.125)

0.000 0.250 0.250 0.500 0.250 0.250 0.250

0.000 0.250 0.500 0.750 0.500 0.500 0.500

0.375

0.625 0.875 1.000 1.375 0.500 0.250

0.625 1.250 1.375 1.625 0.750 0.500

1.000 0.750

1.000 0.750

760+ 740-759 720-739

1.890 2.650 3.320

1.430 2.040 2.500

0.710 0.870 1.020

760+ 740-759 720-739

0.950 1.250 1.560

0.750 1.000 1.210

0.430 0.500 0.560

760+ 740-759 720-739

0.350 0.440 0.570

0.280 0.390 0.500

0.110 0.170 0.220





30%

Other Adjustments

0.250

0.500

High Balance Purchase or R&T

Condo LTV > 75%


15 Year Fixed Premier 10 Year Fixed Premier 15/10 Year Fixed Premier

Standard Balance Standard Balance

Program Requirements

Loan Amount < $100,000

FICO Range

CONVENTIONAL MORTGAGE INSURANCE

95% to 90.01%Loan Amount < $150,000

Amortization > 20 yr fixed

Lender Paid MI FICO Range

Amortization <= 20 yr fixed

85% and below

90% to 85.01%

0.125

Lender Paid MI

12%

Coverage

25%

90% to 85.01%

95% to 90.01%Investment Property, LTV > 80% 30%

25%

12%85% and below

CoverageLTVInvestment Property, LTV 75.01-80% 3.375

2nd Home, LTV > 85% 0.250

2-4 Units 1.000

0.000

0.125

4.125

Investment Property, LTV ≤ 75% 2.125

Escrow Waiver CA Only

Escrow Waiver All Other States

720–739

LTV0.750

High Balance Cash Out 1.000

Cash-out Refinance

Applicable for all mortgage terms

No Texas Cash out

≥ 740

FICO Score 60.01 –

70.00%

70.01 –

75.00%

75.01 –

80.00%

720–739

< 60.00%

LTV Range FICO <

720

FICO ≥

720

Condos allowed, No Manufactured Homes

1.500

Subordinate Financing

All mortgages where the CLTV exceeds the LTV

High Balance

PREMIER LLPAS **ALL ADJUSTMENTS ARE CUMULATIVE**

Min Loan Amount - $75,000

PREMIER CONVENTIONAL


≤ 95.00% 95.01% – 97.00%

LTV Range CLTV Range

≤ 65.00% 80.01% – 95.00%

65.01% – 75.00% 80.01% – 95.00%

75.01% – 95.00% 90.01% – 95.00%

75.01% – 90.00% 76.01% – 90.00%

≥ 740

The LLPAs below are in addition to the LLPA above

Min FICO 720

Max LTV/ CLTV 95%90.01 –

95.00%

20 Year Fixed Premier30/25 Year Fixed Premier

80.01 –

85.00%

FICO Score

LTV Range

< 60.00%75.01 –

80.00%

30/25/20 Year Fixed Premier

85.01 –

90.00%

60.01 –

70.00%

70.01 –

75.00%

Standard Balance

**Only applies to 45 & 60 day locks

85% and below > 45%

All AmortizationsLender Paid MI FICO Range

LTV DTI95% to 90.01% > 45%

90% to 85.01% > 45%

Adverse Market Fee - Refis >= $125k 0.500**


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