Simple Access® New Pricing

New Pricing

• Base Pricing Improvements:
  • 50 basis point improvement on Simple Access Full and Alt loan program pricing, with the exception of rates below 3.500%. Buydown below 3.500% has increased to 4/1, that’s a 25 basis points improvement on 3.375% rate.
  • 100 basis point improvement on Simple Access Investor Cash Flow program pricing, with a 4/1 buydown starting at rates below 4%.
• Minimum Rate Decreases:
  • Full/Alt doc minimum rates reduced to 2.99% on 7/6 ARMs and 3.125% on all other amortization types for loan amounts <=$2MM and as low as 3.500% on Full/Alt doc loans with balances >$2MM
  • Investor Cash Flow minimum rates reduced to 3.75% on 7/6 ARM and 3.875% on all other amortization types for loan amounts <$2MM and as low as 3.990% on Investor Cash Flow program with balances >$2MM
• LLPA Improvements:
  • LTVs >85 improved by 50 basis points on LTV/FICO LLPAs
  • LTVs >70 and up to 80 with FICOs 660-719 improve by 25-50 basis points
• Purchase special renewed