ALL conforming Products, Fixed and ARM’s:
1. FICO score adjustments have worsened.
|
FICO Score
|
LTV>60 & <=70
|
LTV >70**
|
|
< 620
|
|
-0.75
|
|
-2.75
|
|
|
620 - 639
|
|
-0.75
|
|
-2.50
|
|
|
640 - 659
|
|
-0.50
|
|
-1.75
|
|
|
660 - 679
|
|
-0.50
|
|
-1.25
|
|
|
680-699
|
|
-0.50
|
|
-0.50
|
|
|
700-719
|
|
-0.50
|
|
-0.50
|
|
|
**Does not apply to 15yr, HP, or A- Loans
|
|
|
2. Cash Out adjustments have changed – see ratesheet for FICO/LTV price adjustment details
3. 2 unit adjustment applies to all LTV and Fico levels – see ratesheet for details
4. 3-4 unit adjustment applies to all LTV and Fico levels – see ratesheet for details
All FHA programs:
FICO Score’s <600 = 1.500 pts. (reduced from 3.00 pts.)
(0) FICO score loans = 1.500 pts.