5 Hutton Centre Drive, Suite 200 | Santa Ana, CA 92707 6:00 PM PST · 2020-07-17 · 5 Hutton...
Transcript of 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
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
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
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
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
Rate 21 Day 30 Day 45 Day 60 Day Rate 21 Day 30 Day 45 Day 60 Day (0.050)
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
2.500 N/A N/A N/A N/A 2.500 N/A N/A N/A N/A 0.450
2.375 N/A N/A N/A N/A 2.375 N/A N/A N/A N/A 0.200
2.250 N/A N/A N/A N/A 2.250 N/A N/A N/A N/A 0.100
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.
Nations Direct Mortgage is not part of, or associated with, HUD/FHA or the Federal Government.
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
*Loan Amount Adjustments only apply to Fixed,
Standard Balance Loans
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
Loan Amount (No High Bal)
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
Confidential 9/23/2020 Page 2
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
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
Rate 21 Day 30 Day 45 Day 60 Day Rate 21 Day 30 Day 45 Day 60 Day (0.375)
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
Rate 21 Day 30 Day 45 Day 60 Day Rate 21 Day 30 Day 45 Day 60 Day (0.050)
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
2.125 N/A N/A N/A N/A 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 (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
Rate 21 Day 30 Day 45 Day 60 Day Rate 21 Day 30 Day 45 Day 60 Day (0.050)
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
2.625 N/A N/A N/A N/A 2.625 N/A N/A N/A N/A 1.000
2.500 N/A N/A N/A N/A 2.500 N/A N/A N/A N/A 0.450
2.375 N/A N/A N/A N/A 2.375 N/A N/A N/A N/A 0.200
2.250 N/A N/A N/A N/A 2.250 N/A N/A N/A N/A 0.100
2.125 N/A N/A N/A N/A 2.125 N/A N/A N/A N/A (0.100)
30/25/20 Year Fixed
Man. Home Pur, R/T
Credit Score
Purchase
Loan Amount (No High Bal)
All Price Adjustments are Cumulative
2 Units (NJ Only)
3-4 units
*Loan Amount Adjustments only apply to Fixed,
Standard Balance Loans
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
Standard Balance High Balance
Credit Score
Purchase
Group 4
Escr. Holdback
Loan Amount (No High Bal)
Group 2
Manual Underwrite
Group 4
Price Adjustments
VA FIXED FICO < 640
Group 3
15 Year Fixed
Standard Balance High Balance
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
*Loan Amount Adjustments only apply to Fixed,
Standard Balance Loans
Prices and Rates shown assume Borrower Paid Compensation.
Visit us on the web @ http://www.nationsdirectmortgage.com | Call Us Today @ (949) 270-7900 | 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.
600-619
580-599
State Adjustments
Man. Home Cashout
High Balance
15 Year Fixed
$300k+
<$150k
Group 5
Confidential 9/23/2020 Page 3
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
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
Rate 21 Day 30 Day 45 Day 60 Day Rate 21 Day 30 Day 45 Day 60 Day (0.250)
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
Rate 21 Day 30 Day 45 Day 60 Day Rate 21 Day 30 Day 45 Day 60 Day (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
Rate 21 Day 30 Day 45 Day 60 Day Rate 21 Day 30 Day 45 Day 60 Day (0.250)
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
Rate 21 Day 30 Day 45 Day 60 Day Rate 21 Day 30 Day 45 Day 60 Day (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
*Loan Amount Adjustments only apply to Fixed,
Standard Balance Loans
NO STATE ADJUSTMENTS
<$150k
$300k+
3-4 units
$300k+
*Loan Amount Adjustments only apply to Fixed,
Standard Balance Loans
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
Loan Amount (No High Bal)
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
Visit us on the web @ http://www.nationsdirectmortgage.com | Call Us Today @ (949) 270-7900 | 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.
2 Units (NJ Only)
Loan Amount (No High Bal)
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
Confidential 9/23/2020 Page 4
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
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
Rate 21 Day 30 Day 45 Day 60 Day Rate 21 Day 30 Day 45 Day 60 Day (0.375)
(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)
Rate 21 Day 30 Day 45 Day 60 Day Rate 21 Day 30 Day 45 Day 60 Day (0.375)
3.750 N/A N/A N/A N/A 3.750 N/A N/A N/A N/A (0.250)
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
3.000 N/A N/A N/A N/A 3.000 N/A N/A N/A N/A
2.875 N/A N/A N/A N/A 2.875 N/A N/A N/A N/A 0.000
2.750 N/A N/A N/A N/A 2.750 N/A N/A N/A N/A 0.750
Rate 21 Day 30 Day 45 Day 60 Day Rate 21 Day 30 Day 45 Day 60 Day 0.250
3.750 N/A N/A N/A N/A 3.750 N/A N/A N/A N/A 0.500
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
3.125 N/A N/A N/A N/A 3.125 N/A N/A N/A N/A 0.000
3.000 N/A N/A N/A N/A 3.000 N/A N/A N/A N/A 0.250
2.875 N/A N/A N/A N/A 2.875 N/A N/A N/A N/A
2.750 N/A N/A N/A N/A 2.750 N/A N/A N/A N/A 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+
Loan Amount (No High Bal)
<$50k
Credit ScorePrice Adjustments
<$150k
Group 5
<$75k
Prices and Rates shown assume Borrower Paid Compensation.
Cash Out
Streamline/ VA IRRRL
All Price Adjustments are Cumulative
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
Visit us on the web @ http://www.nationsdirectmortgage.com | Call Us Today @ (949) 270-7900 | 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.
Group 1
Standard Balanace
30 Year Fixed FICO < 640
620-639
Co-Borrower No FICO
Group 3
High Balance
$300k+
Group 4
660-679
Confidential 9/23/2020 Page 5
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
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
Visit us on the web @ http://www.nationsdirectmortgage.com | Call Us Today @ (949) 270-7900 | 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.
Prices and Rates shown assume Borrower Paid Compensation.All Price Adjustments are Cumulative
Confidential 9/23/2020 Page 6
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
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
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
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
4.125 (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
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
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
1.625 N/A N/A N/A N/A 1.500 N/A N/A N/A N/A 1.625 N/A N/A N/A N/A
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
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
1.625 N/A N/A N/A N/A 1.500 N/A N/A N/A N/A 1.625 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
MARGIN: 2.25% CAPS: 2/2/5
Standard Balance
Standard Balance
7/1 LIBOR ARM
20 Year Fixed DU
FANNIE MAE FIXED
5/1 LIBOR ARM
Standard Balance High Balance
10/1 LIBOR ARM
FANNIE MAE ARM
Standard Balance
15/10 Year Fixed DU
MARGIN: 2.25% CAPS: 5/2/5
High BalanceHigh Balance
MARGIN: 2.25% CAPS: 2/2/5 MARGIN: 2.25% CAPS: 5/2/5
Visit us on the web @ http://www.nationsdirectmortgage.com | Call Us Today @ (949) 270-7900 | 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.
High Balance
MARGIN: 2.25% CAPS: 5/2/5
Prices and Rates shown assume Borrower Paid Compensation.
High Balance
Confidential 9/23/2020 Page 7
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
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
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) 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
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
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
2.125 N/A N/A N/A N/A 2.125 N/A N/A N/A N/A 2.125 N/A N/A N/A N/A
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
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
1.625 N/A N/A N/A N/A 1.500 N/A N/A N/A N/A 1.625 N/A N/A N/A N/A
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
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
1.625 N/A N/A N/A N/A 1.500 N/A N/A N/A N/A 1.625 N/A N/A N/A N/A
Standard BalanceStandard Balance
7/1 LIBOR ARM
High Balance
Prices and Rates shown assume Borrower Paid Compensation.
Visit us on the web @ http://www.nationsdirectmortgage.com | Call Us Today @ (949) 270-7900 | 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.
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
MARGIN: 2.25% CAPS: 5/2/5
10/1 LIBOR ARM
Confidential 9/23/2020 Page 8
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
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
≥ 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
Visit us on the web @ http://www.nationsdirectmortgage.com | Call Us Today @ (949) 270-7900 | 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.
Prices and Rates shown assume Borrower Paid Compensation.
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.
All Price Adjustments are Cumulative
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
Applicable for all mortgages with terms greater than 15 years
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%
Confidential 9/23/2020 Page 9
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
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
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 (3.572) (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%
Prices and Rates shown assume Borrower Paid Compensation.
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%
Visit us on the web @ http://www.nationsdirectmortgage.com | Call Us Today @ (949) 270-7900 | 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.
FHLMC HOME POSSIBLE ADVANTAGE
20 Year Fixed HomePossible
Confidential 9/23/2020 Page 10
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
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
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
4.000 (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
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
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
Visit us on the web @ http://www.nationsdirectmortgage.com | Call Us Today @ (949) 270-7900 | 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.
Prices and Rates shown assume Borrower Paid Compensation.
30%
Other Adjustments
0.250
0.500
High Balance Purchase or R&T
Condo LTV > 75%
Standard Balance High Balance
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
Applicable for all mortgages with terms greater than 15 years
≤ 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**
Confidential 9/23/2020 Page 11