|
FHA VA Rates and YSP.
FHA has the only Programs with high LTVs and reasonable rates.
The Processing Centre has no control over the Investor's turn times or predict closing dates.
Borrowers should expect a minimum of 30 days on purchase and refinances.
|
The Processing Centre processes for FHA Approved Bankers, Brokers or Licensed Mortgage Solicitors.
Are You A Non FHA Approved Mortgage Loan Solicitor?
Register Today with a Lending Institution for FHA Loan Origination Access in 48 States.
Call 877 FHA FREE (342 3733)
All Lenders Prefer 620 Minimum Score |
|
|
|
FULL LOAN PACKAGES MINIMUM 30 DAYS TO PROCESS, UNDERWRITE AND CLOSE |
|
UPFRONT $450.00 APPLICATION FEE REQUIRED |
|
LOAN <$150,000 DEDUCT 75BPS |
|
GFES 1.00% ORIGINATION FEE / 1.00 DISCOUNT |
|
MINIMUM 2.50% YSP REQUIRED - DOES NOT INCLUDE 1.50% FROM YSP ON REFER/ELIGIBLE MAXIMUM DTI 43% CASH OUT |
Rates are for Accept/Eligible DU/DO or ACCEPT/ACCEPT FHA Scorecard.
ALL Refer/Eligible or Refer/Ineligible are Manual Underwrites and deduct 1.50% from YSP.
The Taylor Bean Whittaker Rates shown here are live and updated frequently as changes occur daily.
TBW HAS THE BEST RATES HOWEVER THERE IS A 15 DAY WAIT FOR UNDERWRITING THEN A FIVE DAY TURN TIME WITH CLOSING POSSIBLE IN 48 HOURS
Rates are subject to change to market conditions without notice.
In this volatile market wisdom concludes that all Good Faith Estimates should have a 1.0% Origination Fee and 1.00% Discount inorder to protect your income.
**A One Percent Origination Fee and a One Percent Discount are allowed on FHA and VA Loans and may be applied to a Purchase or Refinance providing the Fees and Points in TOTAL DOES NOT EXCEED THE STATE'S PREDATORY MAXIMUM.
Massachusetts and North Carolina include the 1.50% FHA Upfront Mortgage Insurance Premium in the Fees and Points Threshold limiting the maximum fees and points allowed at 2.49% for the Broker.
Yield Spread Premium is calculated on the BASE LOAN AMOUNT ONLY. No Scores or Fico scores below 580 are usually a Manual Underwrite unless they DO Accept/Eligible.
Some Lenders have costs for State Pricing not reflected herein.
| 6.750% | -2.479% | 6.850% | 30 |
| 7.000% | -3.545% | 7.100% | 30 |
| 7.250% | -4.427% | 7.350% | 30 |
Typically, the Good Faith Estimate may include the One Percent Origination Fee and One Percent Discount Point** and as well as disclose the Lender's Yield Spread Premium.
All The Processing Centre Fees paid by the borrower are retained by The Processing Centre.
**A One Percent Origination Fee and a One Percent Discount are allowed on FHA and VA Loans and may be applied to a Purchase or Refinance providing the Fees and Points in TOTAL DOES NOT EXCEED THE STATE'S PREDATORY MAXIMUM.
The Processing Centre processes for FHA Approved Bankers, Brokers or Licensed Mortgage Solicitors.
Are You A Non FHA Approved Mortgage Loan Solicitor?
Register Today with a Lending Institution for FHA Loan Origination Access in 48 States.
Call 877 FHA FREE (342 3733) Current posted rates are in effect as of 07/03/2008 1:11:58 PM Central Time.
|
