Loan Officer Name: Loan Officer Phone: Loan Officer Cell: Loan Officer Fax: Wholesale (Consumer Paid) Rate Sheet Date: 12/27/2012 Time (PST): 9:45 AM Table of Contents Forward Mortgage Government Programs Page # Conventional Programs Page # FHA/VA Non-Jumbo/VA Jumbo 30 Year Fixed 2 FNMA Conventional 8 FHA / VA Non-Jumbo 15 Year Fixed 3 FNMA ARM Program 10 FHA Jumbo 4 FNMA High Balance Conforming 11 Mega Jumbo for Veterans 4 FNMA Fannie Mae DU Refi Plus 12 FHA 203(K) Non-Jumbo & FHA 203(K) Jumbo 5 Freddie Mac LP Open Access 14 FHA / VA Manufactured Housing 6 FNMA LPMI 15 FHA / VA 5/1 ARM 6 VA IRRRL Without Appraisal 7 Rural Housing - USDA Approved 7 Reverse Mortgage Reverse Mortgage Page # Other Page # HECM Fixed 17 State Adjusters 16 HECM ARM 18 SWMC Underwriting Fee for properties located in all states except CO and NV $945 SWMC Underwriting Fee for properties located in CO and NV $750 *** Sun West does not charge any underwriting fee on HECM loans *** SUN WEST MORTGAGE COMPANY, INC. 18000 Studebaker Road, Suite 200, Cerritos, CA 90703 Call: (855) TO-LOCK-NOW (855-865-6256) Lock Desk Time - 06.00 AM - 04.00 PM PST CLICK HERE TO SUBMIT LOCK REQUEST ONLINE Extension Cost: 0.025% per day
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Wholesale (Consumer Paid) Rate Sheet Table of Contents ... · Wholesale (Consumer Paid) Rate Sheet CLICK HERE TO SUBMIT LOCK REQUEST ONLINE FHA Jumbo - SO41S00F00 FHA Jumbo 30 Year
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Loan Officer Name:
Loan Officer Phone:
Loan Officer Cell:
Loan Officer Fax:
Wholesale (Consumer Paid) Rate SheetDate: 12/27/2012 Time (PST): 9:45 AM
Table of Contents
Forward Mortgage
Government Programs Page # Conventional Programs Page #FHA/VA Non-Jumbo/VA Jumbo 30 Year Fixed 2 FNMA Conventional 8FHA / VA Non-Jumbo 15 Year Fixed 3 FNMA ARM Program 10FHA Jumbo 4 FNMA High Balance Conforming 11Mega Jumbo for Veterans 4 FNMA Fannie Mae DU Refi Plus 12FHA 203(K) Non-Jumbo & FHA 203(K) Jumbo 5 Freddie Mac LP Open Access 14FHA / VA Manufactured Housing 6 FNMA LPMI 15FHA / VA 5/1 ARM 6VA IRRRL Without Appraisal 7Rural Housing - USDA Approved 7
Reverse Mortgage
Reverse Mortgage Page # Other Page #HECM Fixed 17 State Adjusters 16HECM ARM 18
SWMC Underwriting Fee for properties located in all states except CO and NV $945 SWMC Underwriting Fee for properties located in CO and NV $750 *** Sun West does not charge any underwriting fee on HECM loans ***
SUN WEST MORTGAGE COMPANY, INC.18000 Studebaker Road, Suite 200, Cerritos, CA 90703
Call: (855) TO-LOCK-NOW (855-865-6256) Lock Desk Time - 06.00 AM - 04.00 PM PST
Mega Jumbo for Veterans 30 Year Fixed Mega Jumbo for Veterans Pricing AdjustmentsInterest Rate 15 Day 30 Day 45 Day New Construction <= 12 months 0.375
4.125 -2.292 -2.272 -2.022 Properties located in NJ 0.2504.000 -1.292 -1.272 -1.022 Properties located in NY 0.2503.875 -0.292 -0.272 -0.022 Properties located in IL 0.5003.750 0.708 0.728 0.978 Properties located in HI 0.250
Mega Jumbo for Veterans - 5/1 T-Bill ARM Interest Rate 15 Day 30 Day 45 Day
FHA 203(K) Non-Jumbo Additional Express Price AdjustmentsFICO 620-639 and Back Ratio <= 43% 1.500 Express Program 0.625FICO 640-659 0.500 2-4 Units 0.250FICO 660-679 0.250 Non-occupying co-borrower 0.250FICO 700+ -0.125 FICO 630-639 0.750HUD Repo with LTV > 96.5% 1.000Loan Amount $75,000 - $99,999 0.250Loan Amount $50,000 - $74,999 0.750Loan Amount $30,000 - $49,999 2.000Manufactured Housing 0.750Properties located in NJ 0.250Properties located in NY 0.250Properties located in IL 0.500Properties located in HI 0.250
FHA 203(K) Non-Jumbo and FHA 203(K) Jumbo PricingAdjustments
Reduced U/W Fees on FHA StreamlinesFICO greater than or equal to 700: None
FICO less than 700: $400
SUN WEST MORTGAGE COMPANY, INC.18000 Studebaker Road, Suite 200, Cerritos, CA 90703
Call: (855) TO-LOCK-NOW (855-865-6256) Lock Desk Time - 06.00 AM - 04.00 PM PST
Properties located in NY 0.250Properties located in IL 0.500FHA Streamline Refinance 0.500Properties located in HI 0.250FICO 680 - 699 (Applicable for FHA Streamlines) -0.250FICO 700 - 719 (Applicable for FHA Streamlines) -0.500FICO >= 720 (Applicable for FHA Streamlines) -0.750Property Flip Waiver 0.500VA Manufactured Housing 0.250
Additional Express Program AdjustmentsExpress Program 0.625FICO 630-639 0.750FICO 620-629 (Streamline Only) 1.500FICO 600-619 (Streamline Only) 2.750FICO 580-599 (Streamline Only) 4.000
FHA - SM11S00F00 - 5/1 ARM, VA - SO15S00O00 - 5/1 ARM, Express FHA 5/1 ARM - XP11S00F00
FHA / VA 5/1 ARM - 2.25% Margin Additional Express Program Adjustments
FICO 620-639 and Back Ratio <= 43% 1.500Loan Amount $75,000 - $99,999 0.250Loan Amount $50,000 - $74,999 0.750Loan Amount <= $49,999 2.000New Construction <= 12 months 0.375HUD Repo with LTV > 96.5% 1.000Short Pay-Off (FHA Refi Only) 2.000Properties located in NJ 0.250Properties located in NY 0.250Properties located in IL 0.500VA Loan 0.500FHA Streamline Refinance 0.500Properties located in HI 0.250FICO 680 - 699 (Applicable for FHA Streamlines) -0.250FICO 700 - 719 (Applicable for FHA Streamlines) -0.500FICO >= 720 (Applicable for FHA Streamlines) -0.750FHA/VA 5/1 T-Bill ARM - 2.00% Margin 0.375FHA/VA 5/1 T-Bill ARM - 1.75% Margin 0.750VA Escrow Waiver & LTV <= 80% 0.250
0.0003.375 -4.142 -4.122 -3.8723.250 -4.417 -4.397 -4.147 Properties located in CA, CO, DE, MD, MT, NM, VA, WY 0.400
Properties located in AZ, ID, NJ, NV, UT, WA 0.500Properties located in NJ 0.250Properties located in NY 0.250Properties located in IL 0.500Loan Amount: >= $100,000.00 -0.250Loan Amount: $75,000.00 - $99,999.99 0.000Loan Amout : $62,500.01 - $74,999.99 0.375Loan Amount: <= $62,500.00 2.000FICO 640 - 679 0.250Express Program 0.625Properties located in HI 0.250
Properties located in AR, GA, IN, KS, MI, MN, OK, SC, VT, WI
Properties located in AK, AL, CT, FL, IA, KY, LA, ME, MS, ND, NE, NH, OH, OR, SD, TN, WV
SUN WEST MORTGAGE COMPANY, INC.18000 Studebaker Road, Suite 200, Cerritos, CA 90703
Call: (855) TO-LOCK-NOW (855-865-6256) Lock Desk Time - 06.00 AM - 04.00 PM PST
2 Unit Properties 1.000 1.000 1.000 1.000 Not Permitted Not Permitted Not Permitted3-4 Unit Properties 1.000 1.000 1.000 Not Permitted Not Permitted Not Permitted Not PermittedInvestment Property 1.750 1.750 1.750 Not Permitted Not Permitted Not Permitted Not PermittedCondo with Term > 15 Years 0.000 0.000 0.000 0.750 0.750 0.750 0.750
CA Escrow Waiver < 90% 0.150 0.150 0.150 0.150 0.150 0.150 Not PermittedNon CA Escrow Waiver 0.250 0.250 0.250 0.250 Not Permitted Not Permitted Not PermittedProperties located in IL 0.500 0.500 0.500 0.500 0.500 0.500 0.500
Properties located in HI 0.250 0.250 0.250 0.250 0.250 0.250 0.250
FICO >= 740 0.000 0.250 Not Permitted Not Permitted
FICO 720-739 0.000 0.625 Not Permitted Not PermittedFICO 700-719 0.000 0.625 Not Permitted Not PermittedFICO 680-699 0.000 0.750 Not Permitted Not Permitted
LTV = <=60 60.01-70 70.01-75 75.01-80
2 Unit Properties 1.000 1.000 1.000 1.000
Condo 0.000 0.000 0.000 0.750
CA Escrow Waiver 0.150 0.150 0.150 0.150
Non CA Escrow Waiver 0.250 0.250 0.250 0.250
Properties located in IL 0.500 0.500 0.500 0.500
Properties located in HI 0.250 0.250 0.250 0.250
0.500 0.500 0.500 0.500
FNMA 30 Year ARM Price
Adjustments
Cash Out Refinance
adjustments
Borrower with more than 4 Financed Properties (Including Subject Property)
SUN WEST MORTGAGE COMPANY, INC.18000 Studebaker Road, Suite 200, Cerritos, CA 90703
Call: (855) TO-LOCK-NOW (855-865-6256) Lock Desk Time - 06.00 AM - 04.00 PM PST
Fannie Mae DU Refi Plus - 30 Year Fixed (LTV <= 105) Fannie Mae DU Refi Plus - 30 Year Fixed (LTV 105.01 - 125.00)Interest Rate 15 Day 30 Day 45 Day Interest Rate 15 Day 30 Day 45 Day
Freddie Mac LP Open Access - 30 Year Fixed Freddie Mac LP Open Access - 20 Year FixedInterest Rate 15 Day 30 Day 45 Day Interest Rate 15 Day 30 Day 45 Day
FNMA LPMI - 30 Year Fixed FNMA LPMI Pricing AdjustmentsInterest Rate 15 Day 30 Day 45 Day Loan amount < $50,000 0.375
4.625 -4.341 -4.231 -4.116 Loan amount $50,000 - $99,999 0.1504.500 -4.191 -4.081 -3.966 Loan amount $100,000 - $149,999 0.0504.490 -4.091 -3.981 -3.866 No Escrow 0.2504.375 -4.041 -3.931 -3.816 New Construction <= 12 months 0.3754.250 -3.891 -3.781 -3.666 Properties located in NJ 0.2504.125 -3.601 -3.478 -3.351 Properties located in NY 0.2504.000 -3.156 -3.029 -2.898 Properties located in IL 0.5003.990 -2.843 -2.712 -2.577 Properties located in HI 0.2503.875 -2.743 -2.612 -2.477
HECM Fixed SaverInterest Rate Lender Origination Fee Credit to Borrower
5.18 None 0.00Above YSP is for a monthly servicing fee of $0.
Please refer to Special Price Adjustments applicable to HECM program.
Special Price Adjustments and Guidelines
Subject property located in IN, OH, MI -3.000Manufactured Home -4.000Log Home -3.000Geodesic Homes -3.000
» If a loan is originated as consumer paid, it can not be changed to lender paid.» If a loan is originated as lender paid, it can not be changed to consumer paid.» HECM Fixed Pricing is subject to market movement.» HECM Fixed are closed end loans and must be fully drawn at funding.
» Single Wide Manufactured Homes NOT allowed.» HECM Fixed loans are NOT allowed in IL. » HECM Purchase loans are NOT allowed in MA, TX.» Sun West is NOT accepting Wholesale loans in MA, MO, NC, RI.» Above pricing does not apply to subject properties located in PR.
Loans with following characteristics will charged additional points from the credit available to the borrower. Please refer to the following table for charge applicable.
Additional Guidelines:» If origination fee listed is more than the maximum allowed per FHA guidelines, loan must be originated at a higher rate. Please call secondary for more information.
» Condos must meet DELRAP / HRAP guidelines.
SUN WEST MORTGAGE COMPANY, INC.18000 Studebaker Road, Suite 200, Cerritos, CA 90703
Call: (855) TO-LOCK-NOW (855-865-6256) Lock Desk Time - 06.00 AM - 04.00 PM PST
» HECM ARM Pricing is subject to market movement.» Single Wide Manufactured Homes NOT allowed.» HECM Purchase loans are NOT allowed in MA, TX.» Sun West is NOT accepting Wholesale loans in MA, MO, NC, RI.» Above pricing does not apply to subject properties located in PR.
If you would like to be omitted from this distribution or would like additional information, please call us at (800) 453-7884.
Loans with previously defaulted tax and insurance will only be accepted on exception basis. Please contact [email protected] for more information.
Geodesic Homes
Additional Guidelines:
All loans subject to approval. Certain restrictions may apply. Listed Pricing is Morning Indication Only. Program Rates, Prices, Guidelines, Fees, Costs, terms and Conditions are subject to change without notice. This information is provided to licensed Loan Representatives only and may not be copied or distributed to customers or potential customers.
Sun West Mortgage Company, Inc. (NMLS ID 3277) has a Consumer Credit License in Alabama (License# 21015); is licensed as a Mortgage Broker and Lender (License# AK3277) in Alaska; is licensed as a mortgage banker and mortgage servicer by the Arkansas Securities Commissioner (License# 40431); by the Arizona Department of Financial Institutions (registered in Arizona as Cal State Funding and licensed as a Mortgage Banker, License# BKBR 0113709 in its Mesa, AZ office and has a branch License# BK-0909624 in Cerritos, CA); by the Department of Corporations as a California Finance Lender (License #603 0119) and is licensed by the Department of Real Estate (License #00793885); by the Colorado Department of Law Uniform Consumer Credit Code, holding a Supervised Lender’s License (989559); the Connecticut Department of Banking (Registered in Connecticut as Sun West Mortgage Company, Inc. dba Cal State Funding, Mortgage lender (License# 19683), is a licensed Mortgage Lender in the District of Columbia (MLB3277); is a licensed lender in Delaware (State Bank Commissioner License# 9970); is licensed by Florida’s Office of Financial Regulation with a Mortgage Lender License (License# ML 0701268); is a licensed Mortgage Banker in Georgia (License# 22591); is exempt from licensing requirement in Hawaii, owing to HUD approval; is an Illinois Residential Mortgage Licensee by the Office of Banks and Real Estate, Mortgage Banking Division, (License# MB.6760356); is a First Lien Mortgage Lending licensee with Indiana Department of Financial Institutions (License# 11272); is a licensed Mortgage Banker in Iowa (License# MBK-2007-0093); is licensed as a Mortgage Broker and Lender (License# MBL-6742) in Idaho; is licensed as a Supervised Lender in Kansas (License# SL.0000442); is licensed as a Mortgage Loan Company by the Department of Financial Institutions, (License# MC71444); is licensed as a Residential Mortgage Lender in Louisiana (License# RML 2713-0); is licensed as a Supervised Lender in Maine (License # SLM9710); is a licensed mortgage lender in Maryland ( License# 17740); is a registered third party servicer in Massachussettes (Registration# LS0117, Certificate #385); is registered as a mortgage broker, lender and servicer in Michigan for first (License# FR-0016085); is a licensed Residential Mortgage Originator in Minnesota (License# 40020564); Licensed by the Mississippi Department of Banking and Consumer Finance (License# 603/2008); is a licensed Mortgage Banker in Nebraska as dba Cal State Funding, Inc. (License# 1908); is exempt from licensing as a Wholesale Lender in Nevada; is licensed by the New Hampshire Banking Department as a Mortgage Banker (License # 13604-MB; is a licensed lender in New Jersey (License# L061492) with a branch office in Cerritos, CA (License# L057514); registered in New Mexico under the Mortgage Loan Company and Loan Broker Act (License# 03201) doing business as Sun West Mortgage USA, Inc.; is licensed as a Mortgage Banker-NYS Banking Department (License# LMBC 106838); is a North Dakota licensed Mortgage Broker (License# MB101661; is exempt from licensing requirement in Ohio, owing to HUD approval; an Oregon Mortgage Lender Licensee (License# ML-4599); is exempt from the Oklahoma Mortgage Broker Act (License# 2008316); is licensed mortgage banker in Pennsylvania (License# 21829); is a licensed mortgage lender and servicer in Puerto Rico (License# IH-138); a Supervised Lender in South Carolina (License# S-7,411); a South Dakota Licensed Mortgage Lender (License# 4740); registered by the Tennessee Department of Financial Institutions under the Residential Lending, Brokerage and Servicing Act (License# 0000003552); a Registered Texas Mortgage Banker (License# 50138); is a licensed lender in Utah (License# 7477238-MLCO); is a licensed lender in Vermont (License# 6060 / VT-LL999); licensed by the Virginia State Corporate Commission as MC-4999; has a Consumer Loan License in Washington (520-CL-49598), a mortgage lender in West Virginia (License# ML-23946); and is licensed as a Mortgage Banker in Wisconsin (License# 212942); and as a Residential Mortgage Lender in Wyoming (License# MBL-1902).
In all states, the principal licensed office of Sun West Mortgage Company, Inc. is 18303 Gridley Road in Cerritos, CA 90703; (800) 453-7884.
SUN WEST MORTGAGE COMPANY, INC.18000 Studebaker Road, Suite 200, Cerritos, CA 90703
Call: (855) TO-LOCK-NOW (855-865-6256) Lock Desk Time - 06.00 AM - 04.00 PM PST
Sun West Mortgage Company, Inc. (NMLS ID 3277) has a Consumer Credit License in Alabama (License# 21015); is licensed as a Mortgage Broker and Lender (License# AK3277) in Alaska; is licensedas a mortgage banker and mortgage servicer by the Arkansas Securities Commissioner (License# 40431); by the Arizona Department of Financial Institutions (registered in Arizona as Cal StateFunding and licensed as a Mortgage Banker, License# BKBR 0113709 in its Mesa, AZ office and has a branch License# BK-0909624 in Cerritos, CA); by the Department of Corporations as a CaliforniaFinance Lender (License #603 0119) and is licensed by the Department of Real Estate (License #00793885); by the Colorado Department of Law Uniform Consumer Credit Code, holding a SupervisedLender’s License (989559); the Connecticut Department of Banking (Registered in Connecticut as Sun West Mortgage Company, Inc. dba Cal State Funding, Mortgage lender (License# 19683), is alicensed Mortgage Lender in the District of Columbia (MLB3277); is a licensed lender in Delaware (State Bank Commissioner License# 9970); is licensed by Florida’s Office of Financial Regulation witha Mortgage Lender License (License# ML 0701268); is a licensed Mortgage Banker in Georgia (License# 22591); is exempt from licensing requirement in Hawaii, owing to HUD approval; is an IllinoisResidential Mortgage Licensee by the Office of Banks and Real Estate, Mortgage Banking Division, (License# MB.6760356); is a First Lien Mortgage Lending licensee with Indiana Department ofFinancial Institutions (License# 11272); is a licensed Mortgage Banker in Iowa (License# MBK-2007-0093); is licensed as a Mortgage Broker and Lender (License# MBL-6742) in Idaho; is licensed as aSupervised Lender in Kansas (License# SL.0000442); is licensed as a Mortgage Loan Company by the Department of Financial Institutions, (License# MC71444); is licensed as a Residential Mortgage Lender in Louisiana (License# RML 2713-0); is licensed as a Supervised Lender in Maine (License # SLM9710); is a licensed mortgage lender in Maryland ( License# 17740); is a registered third party servicer in Massachussettes (Registration# LS0117, Certificate #385); is registered as a mortgage broker, lender and servicer in Michigan for first (License# FR-0016085); is a licensed ResidentialMortgage Originator in Minnesota (License# 40020564); Licensed by the Mississippi Department of Banking and Consumer Finance (License# 603/2008); is a licensed Mortgage Banker in Nebraska asdba Cal State Funding, Inc. (License# 1908); is exempt from licensing as a Wholesale Lender in Nevada; is licensed by the New Hampshire Banking Department as a Mortgage Banker (License # 13604-MB; is a licensed lender in New Jersey (License# L061492) with a branch office in Cerritos, CA (License# L057514); registered in New Mexico under the Mortgage Loan Company and LoanBroker Act (License# 03201) doing business as Sun West Mortgage USA, Inc.; is licensed as a Mortgage Banker-NYS Banking Department (License# LMBC 106838); is a North Dakota licensedMortgage Broker (License# MB101661; is exempt from licensing requirement in Ohio, owing to HUD approval; an Oregon Mortgage Lender Licensee (License# ML-4599); is exempt from the Oklahoma Mortgage Broker Act (License# 2008316); is licensed mortgage banker in Pennsylvania (License# 21829); is a licensed mortgage lender and servicer in Puerto Rico (License# IH-138); aSupervised Lender in South Carolina (License# S-7,411); a South Dakota Licensed Mortgage Lender (License# 4740); registered by the Tennessee Department of Financial Institutions under the Residential Lending, Brokerage and Servicing Act (License# 0000003552); a Registered Texas Mortgage Banker (License# 50138); is a licensed lender in Utah (License# 7477238-MLCO); is a licensedlender in Vermont (License# 6060 / VT-LL999); licensed by the Virginia State Corporate Commission as MC-4999; has a Consumer Loan License in Washington (520-CL-49598), a mortgage lender inWest Virginia (License# ML-23946); and is licensed as a Mortgage Banker in Wisconsin (License# 212942); and as a Residential Mortgage Lender in Wyoming (License# MBL-1902).
In all states, the principal licensed office of Sun West Mortgage Company, Inc. is 18303 Gridley Road in Cerritos, CA 90703; (800) 453-7884.
Loan Officer Phone:SUN WEST MORTGAGE COMPANY, INC.
18000 Studebaker Road, Suite 200, Cerritos, CA 90703Call: (855) TO-LOCK-NOW (855-865-6256)