Simple Access® 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