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10/14/2014 6:54 AM
Page 1 of 8
To sign up for daily rate sheets
CLICK HERE
APOR Calculator: http://www.ffiec.gov/ratespread/newcalc.aspx
Regional & Operations Managers
Lock Expiration Dates
15 days expires on
Regional Manager
[email protected]
Michelle Lilley-Galvan
Operations Manager:
[email protected]
Marc Velez
Northern Cal Regional Manager
[email protected]
Jeanine Thomas
Northen CA Sales Managers
(Allowed if CTC)
10/29/14
30 days expires on
11/13/14
45 days expires on
11/28/14
60 days expires on
12/15/14
*Must be requested at least 3 business days prior to expiration
Reduced fee*
5 days
0.175
0.125
10 days (ALL PTDs must be signed off)
0.300
0.250
0.550
0.375
Robin Ylitalo 916-705-8751
[email protected]
15 days (ALL PTDs must be received)
Leo Whitton 916-804-4768
[email protected]
* If your lock expires on a holiday or weekend it will roll to the next business day at no cost
Mortgagee Clause
General Info
www.PlazaHomeMortgage.com
PLAZA HOME MORTGAGE, INC.
ITS SUCCESSORS AND/OR ASSIGNS
4820 EASTGATE MALL, SUITE 100
SAN DIEGO, CA 92121
Phone: (408) 573-7880
Toll Free: (877) 320-5804
Lock Desk (800) 277-3395
Lock Desk Closes at 4:00 PM PST
San Jose Fulfillment Center
2001 Gateway Place, Suite 650W
San Jose, CA 95110
(408) 573-7880 Office
(877) 320-5804 Toll Free
FHA ID#: 1710100395
VA ID#:
9065310000
Fees
Lock Policies
Underwriting Fee
Streamline Refinance
Redraw (if applicable)
Partial redraw
Trust Review
$995
$595
$150
$75
$500
All prelocks require an electronic submission within 5 business days, with the full
loan package to be delivered to Plaza within 5 calendar days or the lock will be
automatically canceled. If the day falls on a weekend or holiday, it will be canceled
on the next business day.
Admin-Buyout-Calculator
Indices
Prime
1 Mo Libor
3 Mo Libor
6 Mo Libor
12 Mo Libor
12 Mo Treasury
APOR Tables :
County
Santa Clara
Alameda
Contra Costa
San Mateo
San Francisco
Santa Cruz
Monterey
San Benito
Santa Barbara
Loan must be clear to close for 15 day locks
3.25000
0.15425
0.23285
0.33150
0.56410
0.1315
http://www.ffiec.gov/ratespread/aportables.htm
FHA High Balance
1 Unit
2 Unit
3 Unit
$625,500
$800,775
$967,950
$625,500
$800,775
$967,950
$625,500
$800,775
$967,950
$625,500
$800,775
$967,950
$625,500
$800,775
$967,950
$625,500
$800,775
$967,950
$483,000
$618,300
$747,400
$625,500
$800,775
$967,950
$625,500
$800,775
$967,950
For limits outside of Santa Clara County:
FHA Standard Loan Amounts
4 Unit
$1,202,925
$1,202,925
$1,202,925
$1,202,925
$1,202,925
$1,202,925
$928,850
$1,202,925
$1,202,925
Click Here
1 Unit
2 Unit
3 Unit
4 Unit
*If your lock expires on a holiday or weekend it will roll to the next business day at no
charge.
Product News!
More Agency and JUMBO ARM options
** Lender Paid MI option available for Conforming
** Conforming with LP or DU findings
** Conforming options that allow for DELAYED FINANCING, TRANSFERRED appraisals, and
more than 4 financed properties
** Conforming N/O/O 1 Unit Purchase to 85%LTV (LP only) with MI
** Super Conforming (Freddie Mac High Balance) N/O/O 1 Unit cash out to 75% LTV
** Qualify at the greater of the note rate or fully indexed rate for 7/1 and 10/1 arm
** Conforming Arms qualify at the greater of the note rate plus 2 or the fully indexed rate for
5/1
** SEE program summaries for specific requirements and any additional information regarding
all features of this product.
VA High Balance
Link to all state Jumbo County Loan Limits:
http://go.usa.gov/Z4rP
Conforming Maximum Loan Amounts
533,850
645,300
801,950
Link to Loan Limits
Purchase transactions now eligible for a free 2-day lock extension, upon request!
** Loan amounts up to $2 million; 5/1, 7/1 and 10/1 (EJA51, EJA71, EJA101)
* Up to 80% LTV $1.5 mil or 75% $2 mil is available on the Elite Jumbo O/0 Purchase
** Up to 95% LTV is available on Conforming O/O Purchase and Rate and Term
417,000
533,850
645,300
801,950
2 Unit
3 Unit
4 Unit
Click here for detailed lock policies
Extension Policy
Programs
Page
Conforming Fixed Rates & High Balance
Conforming ARMS
Elite Jumbo
HARP Refi Plus & LP Relif
FHA, FHA HB, FHA 203k, FHA EEM
VA, VA High Balance, IRRRLS, VA EEM
Home Path, Home Possible, My Community
2
3
4
5
6
7
8
Agency High Balance
County
Santa Clara
Alameda
Contra Costa
San Mateo
San Francisco
Santa Cruz
Monterey
San Benito
Santa Barbara
1 Unit
$625,500
$625,500
$625,500
$625,500
$625,500
$625,500
$483,000
$625,500
$625,500
2 Unit
$800,775
$800,775
$800,775
$800,775
$800,775
$800,775
$618,300
$800,775
$800,775
3 Unit
$967,950
$967,950
$967,950
$967,950
$967,950
$967,950
$747,400
$967,950
$967,950
5-day free lock extension
4 Unit
$1,202,925
$1,202,925
$1,202,925
$1,202,925
$1,202,925
$1,202,925
$928,850
$1,202,925
$1,202,925
New locks only starting on 9-2
п‚·пЂ Only available if requested within the original lock term
п‚·пЂ Must be requested at the lock desk within 7 calendar days of orignal
lock expiration
п‚· Subsequent extensions will be subject to regular extension fees
п‚· Relocks and Jumbos are not eligible
п‚· Eligible for purchase and refinance transactions
п‚· This enhancement will replace the free 2 day extension on
purchase transactions
Link to Additional County Limits
Announcements / Notices
Plaza now offers a Community Enrichment Program for O/O purchases. The program allows the borrower to receive enhanced pricing on
conventional, VA, USDA, & VA products.
Contact your AE Today for more details!!
This information is for the use of approved mortgage lenders only and is not intended for distribution to consumers. This is not an advertisement to extend customer credit as defined by part 226.2 of Regulation Z. Interest rate, program terms and conditions are subject to change without notice. Not all products are available in all states and for all loan amounts. Other restrictions and limitations may apply. Granting of loan is subject to the credit and policy requirements of Plaza
Home Mortgage, Inc.
10/14/2014 6:54 AM
Page 2 of 8
Conforming Agency Fixed Rates
Rate
4.500
4.375
4.250
4.125
4.000
3.875
3.750
30 Yr Fixed CF300
15 Day
30 Day
45 Day
(4.446)
(4.271)
(4.096)
(3.923)
(3.748)
(3.573)
(3.509)
(3.334)
(3.159)
(2.578)
(2.403)
(2.228)
(1.834)
(1.659)
(1.484)
(1.059)
(0.884)
(0.709)
(0.443)
(0.268)
(0.093)
60 Day
(3.921)
(3.398)
(2.984)
(2.053)
(1.309)
(0.534)
0.082
Rate
4.500
4.375
4.250
4.125
4.000
3.875
3.750
30 Yr Fixed Retained RCF30 - DU Only
15 Day
30 Day
45 Day
(4.321)
(4.146)
(3.971)
(3.715)
(3.540)
(3.365)
(3.191)
(3.016)
(2.841)
(2.453)
(2.278)
(2.103)
(1.584)
(1.409)
(1.234)
(0.771)
(0.596)
(0.421)
(0.028)
0.147
0.322
60 Day
(3.796)
(3.190)
(2.666)
(1.928)
(1.059)
(0.246)
0.497
20 Yr Fixed CF200 - DU or LP
Rate
15 Day
30 Day
4.375
(4.766)
(4.591)
4.250
(4.313)
(4.138)
4.125
(3.585)
(3.410)
4.000
(3.091)
(2.916)
3.875
(2.929)
(2.754)
3.750
(2.374)
(2.199)
3.625
(1.520)
(1.345)
3.500
(0.516)
(0.341)
Rate
4.000
3.875
3.750
3.625
3.500
3.375
3.250
3.125
15 Yr Fixed CF150- DU or LP
Rate
15 Day
30 Day
4.000
(4.481)
(4.306)
3.875
(4.038)
(3.863)
3.750
(3.656)
(3.481)
3.625
(3.305)
(3.130)
3.500
(2.811)
(2.636)
3.375
(2.156)
(1.981)
3.250
(1.656)
(1.481)
3.125
(1.229)
(1.054)
15 Yr Fixed Retained RCF15 - DU Only
15 Day
30 Day
45 Day
(4.356)
(4.181)
(4.006)
(4.038)
(3.863)
(3.688)
(3.656)
(3.481)
(3.306)
(3.305)
(3.130)
(2.955)
(2.811)
(2.636)
(2.461)
(2.156)
(1.981)
(1.806)
(1.636)
(1.461)
(1.286)
(1.229)
(1.054)
(0.879)
60 Day
(3.831)
(3.513)
(3.131)
(2.780)
(2.286)
(1.631)
(1.111)
(0.704)
30 Yr Fixed Retained HB RCF300HB - DU Only
Rate
15 Day
30 Day
45 Day
4.875
(4.978)
(4.803)
(4.628)
4.750
(4.735)
(4.560)
(4.385)
4.625
(4.150)
(3.975)
(3.800)
4.500
(3.396)
(3.221)
(3.046)
4.375
(2.758)
(2.583)
(2.408)
4.250
(2.204)
(2.029)
(1.854)
4.125
(1.444)
(1.269)
(1.094)
30 Yr Fixed HIGH BALANCE CF300HB - DU Only
15 Yr Fixed HIGH BALANCE CF150HB - DU Only
Rate
4.250
4.125
4.000
3.875
3.750
Rate
4.250
4.125
4.000
3.875
3.750
3.625
3.500
15 Day
(3.009)
(2.078)
(1.334)
(0.559)
0.057
30 Day
(2.834)
(1.903)
(1.159)
(0.384)
0.232
45 Day
(2.659)
(1.728)
(0.984)
(0.209)
0.407
15 Day
(4.356)
(4.170)
(3.856)
(3.413)
(3.031)
(2.680)
(2.186)
30 Day
(4.181)
(3.995)
(3.681)
(3.238)
(2.856)
(2.505)
(2.011)
10 Yr Fixed CF100 - DU or LP
Rate
15 Day
30 Day
4.250
(4.585)
(4.410)
4.125
(4.418)
(4.243)
4.000
(4.192)
(4.017)
3.875
(3.862)
(3.687)
3.750
(3.545)
(3.370)
3.625
(3.212)
(3.037)
3.500
(2.864)
(2.689)
3.375
(2.491)
(2.316)
45 Day
(4.006)
(3.820)
(3.506)
(3.063)
(2.681)
(2.330)
(1.836)
Freddie Programs
30 Yr Fixed Super Conforming CF300SC - 15 Yr Fixed Super Conforming CF150SC LP Only
LP Only
Rate
4.500
4.375
4.250
4.125
4.000
3.875
15 Day
(3.764)
(3.423)
(2.884)
(2.066)
(1.074)
(0.559)
30 Day
(3.589)
(3.248)
(2.709)
(1.891)
(0.899)
(0.384)
Rate
4.250
4.125
4.000
3.875
3.750
15 Day
(4.398)
(3.948)
(3.439)
(2.798)
(2.603)
30 Yr Fixed Retained RCF30 - Freddie
30 Day
(4.223)
(3.773)
(3.264)
(2.623)
(2.428)
15 Yr Fixed Retained RCF15 - Freddie
Rate
4.750
4.625
4.500
15 Day
(5.701)
(5.090)
(4.299)
30 Day
(5.526)
(4.915)
(4.124)
Rate
4.125
4.000
3.875
15 Day
(4.948)
(4.439)
(3.798)
30 Day
(4.773)
(4.264)
(3.623)
4.375
4.250
4.125
(3.713)
(3.171)
(2.500)
(3.538)
(2.996)
(2.325)
3.750
3.625
3.500
(3.603)
(3.143)
(2.617)
(3.428)
(2.968)
(2.442)
Conventional Conforming Adjustments - Max rebate is 4.50 after adjustments for fixed Agency
(LPMI adjustments will be applied after the max rebate)
Agency State Adjustments
Loan Amounts
2 units
1.000
Loan Amount <$140k
3-4 units
1.000
Loan Amount <$100k
Condo LTV > 75% & Loan Term >15yrs; (Excludes Detached Condo w/ DU)
0.750
Loan Amount <$75k
Investment LTV <= 75%
1.750
Property:
LTV > 75% - 80%
3.000
LTV > 80% - 85%
3.750
Subordinate Financing
LTV<=65, CLTV/HCLTV >80<=95, FICO <720
LTV<=65, CLTV/HCLTV >80<=95, FICO >=720
LTV >65<=75, CLTV/HCLTV >80<=95, FICO <720
0.500
0.250
0.750
LTV >65<=75, CLTV/HCLTV >80<=95, FICO >=720
0.500
LTV >75<=95, CLTV/HCLTV >90<=95, FICO <720
1.000
LTV >75<=95, CLTV/HCLTV >90<=95, FICO >=720
0.750
LTV >75<=90, CLTV/HCLTV >76<=90, FICO <720
1.000
LTV >75<=90, CLTV/HCLTV >76<=90, FICO >=720
0.750
LTV <=95, CLTV/HCLTV >95<=97
1.500
Risk-Based Adjustments
Credit Score
620
640
660
680
No FICO
or <620
639
659
679
699
LTV%
N/A
0.500
0.500
0.000
0.000
<= 60
N/A
1.500
1.250
1.000
0.500
60.01 - 70
N/A
3.000
2.500
2.000
1.250
70.01 - 75
N/A
3.000
3.000
2.500
1.750
75.01 - 80
N/A
3.250
3.250
2.750
1.500
80.01 - 85
N/A
3.250
2.750
2.250
1.250
85.01 - 90
N/A
3.250
2.750
2.250
1.250
90.01 - 95
N/A
3.250
2.750
2.250
1.250
95.01 - 97
N/A
N/A
N/A
N/A
N/A
97.01 - 100
Freddie Super Conforming Adds
Super Conforming ARMs - Purch, R/T >75% LTV/CLTV
High Balance / Super Conforming Cash-Out
700
719
(0.250)
0.500
0.750
1.000
1.000
1.000
1.000
1.000
N/A
720
739
(0.250)
0.000
0.250
0.500
0.500
0.500
0.500
0.500
N/A
>= 740
(0.250)
0.000
0.000
0.250
0.250
0.250
0.250
0.250
N/A
Use the above matrix for all programs excluding My Community and Home Possible programs.
LTV%
<= 60
60.01 - 75
75.01 - 80
80.01 - 85
LTV > 85
LTV
95.01 - 97
90.01 - 95
85.01 - 90
80.01 - 85
LTV
95.01 - 97
90.01 - 95
85.01 - 90
80.01 - 85
No FICO
or <620
N/A
N/A
N/A
N/A
N/A
620
639
0.250
1.250
2.750
3.000
N/A
640
659
0.250
1.250
2.250
3.000
N/A
680
699
0.000
0.750
1.375
2.500
N/A
0.750
1.000
MANUFACTURED HOMES are not allowed.
Risk-Based Adjustments do not apply to loans with ammortization terms <=180 months, if both LTV <= 95.00 & FICO >= 620.
Cash Out
Credit Score
660
679
0.250
0.750
1.500
2.500
N/A
0.125
0.250
0.500
700
719
0.000
0.625
0.750
1.500
N/A
720
739
0.000
0.625
0.750
1.500
N/A
Lender Paid Mortgage Insurance (LPMI) Options
Lender-Paid MI 25yr & 30yr (CF300MIR, CF250MIR, CF30HBMIR, CF300SCMI)
MI Coverage
760
740-759
720-739
680-719
660-679
640-659
35
3.08
3.08
3.08
3.85
N/A
N/A
30
1.95
2.15
2.23
3.29
4.93
5.12
25
1.37
1.37
1.6
2.17
3.28
3.53
12
0.95
0.99
1.12
1.33
1.54
1.73
Lender-Paid MI 15yr & 20yr (CF200MIR, CF150MIR, CF150SCMI)
MI Coverage
760
740-759
720-739
680-719
660-679
640-659
35
2.9
2.9
2.9
3.57
N/A
N/A
25
1.32
1.47
1.88
2.66
3.79
3.96
12
0.92
0.92
1.19
1.26
1.42
1.54
6
0.67
0.7
0.87
0.91
1.09
1.13
>= 740
0.000
0.250
0.500
0.625
N/A
620-639
N/A
5.79
4.08
1.97
620-639
N/A
4.52
1.81
1.17
Agency State Adjustments
AL
0.000
AR
(0.125)
AZ
0.000
CA
0.000
CO
0.000
DE
0.000
FL
(0.250)
GA
(0.125)
ID
0.000
MN
(0.125)
MO
(0.125)
MT
0.000
NM
0.000
NV
0.000
OK
(0.125)
OR
(0.125)
SC
0.000
TN
(0.125)
Lender Paid MI Adjustments
FICO 740+
Rate-and-Term Refinance
0.00
Cash Out
0.50
Second Home
0.25
Investment Property
1.19
Loan Amounts > $417,000
0.40
Loan Term = 25yr
(0.18)
680-719
Rate-and-Term Refinance
0.53
Cash Out
1.00
Second Home
0.70
Investment Property
1.75
Loan Amounts > $417,000
1.40
Loan Term = 25yr
(0.28)
Note: Minimum single rate is .70
720-739
0.00
0.70
0.49
1.33
0.88
(0.18)
620-679
1.05
1.30
1.23
0.00
2.10
(0.39)
This information is for the use of approved mortgage lenders only and is not intended for distribution to consumers. This is not an advertisement to extend customer credit as defined by part 226.2 of Regulation Z. Interest rate, program terms and conditions are subject to change without notice. Not all products are available in all states and for all loan amounts. Other restrictions and limitations may apply. Granting of loan is subject to the credit and policy requirements of Plaza Home Mortgage, Inc.
10/14/2014 6:54 AM
Page 3 of 8
Conventional Arm Rates and Adjustments
CONFORMING ARMS - Max Rebate 3.50 after adjustments
5/1 Conforming ARM CA512L DU/LP
Rate
15 Day
30 Day
3.750
(4.170)
(3.995)
3.625
(3.841)
(3.666)
3.500
(3.450)
(3.275)
3.375
(3.052)
(2.877)
3.250
(2.607)
(2.432)
3.125
(2.161)
(1.986)
3.000
(1.699)
(1.524)
2.875
(1.167)
(0.992)
2.750
(0.529)
(0.354)
MARGIN 2.25
Conforming 7/1 ARM CA712L DU/LP
Rate
15 Day
30 Day
3.750
(4.042)
(3.867)
3.625
(3.642)
(3.467)
3.500
(3.148)
(2.973)
3.375
(2.651)
(2.476)
3.250
(2.136)
(1.961)
3.125
(1.618)
(1.443)
3.000
(1.224)
(1.049)
2.875
(0.919)
(0.744)
2.750
(0.615)
(0.440)
MARGIN 2.25
Conforming 10/1 ARM CA1012L DU/LP
Rate
15 Day
30 Day
4.625
(4.697)
(4.522)
4.500
(4.450)
(4.275)
4.375
(4.234)
(4.059)
4.250
(4.056)
(3.881)
4.125
(3.730)
(3.555)
4.000
(3.216)
(3.041)
3.875
(2.677)
(2.502)
3.750
(2.105)
(1.930)
3.625
(1.454)
(1.279)
MARGIN 2.25
5/1 Super Conforming ARM
CA51LSC - LP Only
Rate
15 Day
30 Day
4.000
(3.980)
(3.805)
3.875
(3.740)
(3.565)
3.750
(3.420)
(3.245)
3.625
(3.091)
(2.916)
3.500
(2.700)
(2.525)
3.375
(2.302)
(2.127)
3.250
(1.857)
(1.682)
3.125
(1.411)
(1.236)
3.000
(0.949)
(0.774)
MARGIN 2.25
7/1 Super Conforming ARM
CA71LSC - LP Only
Rate
15 Day
30 Day
4.125
(4.248)
(4.073)
4.000
(3.970)
(3.795)
3.875
(3.679)
(3.504)
3.750
(3.292)
(3.117)
3.625
(2.892)
(2.717)
3.500
(2.398)
(2.223)
3.375
(1.901)
(1.726)
3.250
(1.386)
(1.211)
3.125
(0.868)
(0.693)
MARGIN 2.25
10/1 Super Conforming ARM
CA101LSC - LP Only
Rate
15 Day
30 Day
4.625
(3.947)
(3.772)
4.500
(3.700)
(3.525)
4.375
(3.484)
(3.309)
4.250
(3.306)
(3.131)
4.125
(2.980)
(2.805)
4.000
(2.466)
(2.291)
3.875
(1.927)
(1.752)
3.750
(1.355)
(1.180)
3.625
(0.704)
(0.529)
MARGIN 2.25
5/1 Conforming HB ARM CA51LHB DU Only
Rate
15 Day
30 Day
4.000
(3.980)
(3.805)
3.875
(3.740)
(3.565)
3.750
(3.420)
(3.245)
3.625
(3.091)
(2.916)
3.500
(2.700)
(2.525)
3.375
(2.302)
(2.127)
3.250
(1.857)
(1.682)
3.125
(1.411)
(1.236)
3.000
(0.949)
(0.774)
2.875
(0.417)
(0.242)
MARGIN 2.25
7/1 Conforming HB ARM CA71LHB DU Only
Rate
15 Day
30 Day
4.125
(4.248)
(4.073)
4.000
(3.970)
(3.795)
3.875
(3.679)
(3.504)
3.750
(3.292)
(3.117)
3.625
(2.892)
(2.717)
3.500
(2.398)
(2.223)
3.375
(1.901)
(1.726)
3.250
(1.386)
(1.211)
3.125
(0.868)
(0.693)
3.000
(0.331)
(0.156)
MARGIN 2.25
10/1 Conforming HB ARM
CA101LHB - DU Only
Rate
15 Day
30 Day
4.625
(3.947)
(3.772)
4.500
(3.700)
(3.525)
4.375
(3.484)
(3.309)
4.250
(3.306)
(3.131)
4.125
(2.980)
(2.805)
4.000
(2.466)
(2.291)
3.875
(1.927)
(1.752)
3.750
(1.355)
(1.180)
3.625
(0.704)
(0.529)
3.500
0.046
0.221
MARGIN 2.25
Conventional Conforming Adjustments - Max rebate is 3.50 after adjustments for fixed Agency
(LPMI adjustments will be applied after the max rebate)
Agency State Adjustments
My Community
AL
0.000
2 units
1.000
My Community 95
0.750
AR
(0.125)
3-4 units
1.000
AZ
0.000
Condo LTV > 75% & Term >15yrs; (Ex: Detached Condo w/ DU)
0.750
Loan Amounts
CA
0.000
Investment LTV <= 75%
1.750
Loan Amount <$140k
0.125
CO
0.000
Property:
LTV > 75% - 80%
3.000
Loan Amount <$100k
0.250
DE
0.000
LTV > 80% - 85%
3.750
Loan Amount <$75k
0.500
FL
(0.250)
GA
(0.125)
HB / SC Cash-Out
1.000
ID
0.000
MN
(0.125)
Subordinate Financing
LTV >95<=97
0.500
MO
(0.125)
LTV<=65, CLTV/HCLTV >80<=95, FICO <720
0.500
MT
0.000
LTV<=65, CLTV/HCLTV >80<=95, FICO >=720
0.250
SC ARMs - Purch, R/T >75% LTV/CLTV
0.750
NM
0.000
LTV >65<=75, CLTV/HCLTV >80<=95, FICO <720
State adj. (AZ, CA, UT)
0.750
0.000
NV
0.000
State adj. (MI, MN)
LTV >65<=75, CLTV/HCLTV >80<=95, FICO >=720
0.500
(0.125)
OK
(0.125)
LTV >75<=95, CLTV/HCLTV >90<=95, FICO <720
1.000
OR
(0.125)
LTV >75<=95, CLTV/HCLTV >90<=95, FICO >=720
0.750
SC
0.000
LTV >75<=90, CLTV/HCLTV >76<=90, FICO <720
1.000
TN
(0.125)
LTV >75<=90, CLTV/HCLTV >76<=90, FICO >=720
0.750
LTV <=95, CLTV/HCLTV >95<=97
1.500
MANUFACTURED HOMES are not allowed.
Risk-Based Adjustments
Credit Score
620
640
660
680
700
720
No FICO
or <620
639
659
679
699
719
739
LTV%
<= 60
N/A
0.500
0.500
0.000
0.000
(0.250)
(0.250)
60.01 - 70
N/A
1.500
1.250
1.000
0.500
0.500
0.000
70.01 - 75
N/A
3.000
2.500
2.000
1.250
0.750
0.250
75.01 - 80
N/A
3.000
3.000
2.500
1.750
1.000
0.500
80.01 - 85
N/A
3.250
3.250
2.750
1.500
1.000
0.500
85.01 - 90
N/A
3.250
2.750
2.250
1.250
1.000
0.500
90.01 - 95
N/A
3.250
2.750
2.250
1.250
1.000
0.500
95.01 - 97
N/A
3.250
2.750
2.250
1.250
1.000
0.500
97.01 - 100
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Use the above matrix for all programs excluding My Community and Home Possible programs.
Cash Out
Credit Score
620
640
660
680
700
720
No FICO
or <620
639
659
679
699
719
739
LTV%
<= 60
N/A
0.250
0.250
0.250
0.000
0.000
0.000
60.01 - 75
N/A
1.250
1.250
0.750
0.750
0.625
0.625
75.01 - 80
N/A
2.750
2.250
1.500
1.375
0.750
0.750
80.01 - 85
N/A
3.000
3.000
2.500
2.500
1.500
1.500
LTV > 85
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Lender-Paid Mortgage Insurance Nonfixed Rate
CA512LMIR, CA712LMIR, CA1012LMIR
LPMI through Essent, Genworth, MGIC and Radian
>= 740
(0.250)
0.000
0.000
0.250
0.250
0.250
0.250
0.250
N/A
LTV/MI %
90.01-95 35%
FICO 740+
FICO 720-739
FICO 680-719
FICO <680
2.15
2.35
3.29
4.20
1.37
1.72
2.17
2.66
85 &under 25%
0.99
1.12
1.33
1.54
R/T
0.00
0.00
0.53
1.05
2nd Home
0.25
0.49
0.70
1.23
Split MI - ( Radian only- CA512LSMIR, CA&12LSMIR &
CA1012LSMIR) - Upfront 1 point charge separate from pricing
85.01-90 30%
Caps
>= 740
0.000
0.250
0.500
0.625
N/A
3/1
5/1
7/1
10/1
2/2/6
2/2/5
5/2/5
5/2/5
This information is for the use of approved mortgage lenders only and is not intended for distribution to consumers. This is not an advertisement to extend customer credit as defined by part 226.2 of Regulation Z. Interest rate, program terms and conditions are subject to change without notice. Not all products are available in all states and for all loan amounts. Other restrictions and limitations may apply. Granting of loan is subject to the credit and policy requirements of Plaza Home Mortgage, Inc.
10/14/2014 6:54 AM
Page 4 of 8
Elite Jumbo
30yr Fixed Jumbo EJF30
15yr Fixed Jumbo EJF15
Rate
15 Day
30 Day
45 Day
60 Day
Rate
15 Day
30 Day
45 Day
60 Day
4.500
(2.352)
(2.177)
(2.002)
(1.827)
4.125
(1.881)
(1.706)
(1.531)
(1.356)
4.375
(1.937)
(1.762)
(1.587)
(1.412)
4.000
(1.694)
(1.519)
(1.344)
(1.169)
4.250
(1.521)
(1.346)
(1.171)
(0.996)
3.875
(1.495)
(1.320)
(1.145)
(0.970)
4.125
(1.073)
(0.898)
(0.723)
(0.548)
3.750
(1.377)
(1.202)
(1.027)
(0.852)
4.000
(0.515)
(0.340)
(0.165)
0.010
3.625
(1.182)
(1.007)
(0.832)
(0.657)
3.875
0.110
0.285
0.460
0.635
3.500
(0.931)
(0.756)
(0.581)
(0.406)
3.750
0.781
0.956
1.131
1.306
3.375
(0.627)
(0.452)
(0.277)
(0.102)
3.250
(0.266)
(0.091)
0.084
0.259
3.125
0.114
0.289
0.464
0.639
3.000
0.520
0.695
0.870
1.045
2.875
1.016
1.191
1.366
1.541
5yr ARM Jumbo EJA51
7yr ARM Jumbo EJA71
10yr ARM Jumbo EJA101
Rate
15 Day
30 Day
45 Day
60 Day
Rate
15 Day
30 Day
45 Day
60 Day
Rate
15 Day
30 Day
45 Day
3.750
(1.842)
(1.667)
(1.492)
(1.317)
3.875
(1.870)
(1.695)
(1.520)
(1.345)
4.375
(2.425)
(2.250)
(2.075)
3.625
(1.718)
(1.543)
(1.368)
(1.193)
3.750
(1.738)
(1.563)
(1.388)
(1.213)
4.250
(2.220)
(2.045)
(1.870)
3.500
(1.587)
(1.412)
(1.237)
(1.062)
3.625
(1.539)
(1.364)
(1.189)
(1.014)
4.125
(1.966)
(1.791)
(1.616)
3.375
(1.421)
(1.246)
(1.071)
(0.896)
3.500
(1.317)
(1.142)
(0.967)
(0.792)
4.000
(1.693)
(1.518)
(1.343)
3.250
(1.225)
(1.050)
(0.875)
(0.700)
3.375
(1.092)
(0.917)
(0.742)
(0.567)
3.875
(1.413)
(1.238)
(1.063)
3.125
(0.997)
(0.822)
(0.647)
(0.472)
3.250
(0.854)
(0.679)
(0.504)
(0.329)
3.750
(1.048)
(0.873)
(0.698)
3.000
(0.752)
(0.577)
(0.402)
(0.227)
3.125
(0.528)
(0.353)
(0.178)
(0.003)
3.625
(0.591)
(0.416)
(0.241)
2.875
(0.507)
(0.332)
(0.157)
0.018
3.000
(0.120)
0.055
0.230
0.405
3.500
(0.122)
0.053
0.228
2.750
(0.231)
(0.056)
0.119
0.294
2.875
0.320
0.495
0.670
0.845
3.375
0.322
0.497
0.672
2.625
0.089
0.264
0.439
0.614
2.750
0.845
1.020
1.195
1.370
3.250
0.887
1.062
1.237
2.500
0.441
0.616
0.791
0.966
3.125
1.607
1.782
1.957
Elite Jumbo Adjustments
LTV/CLTV/HCLTV
<= 60%
FICO 700-719
(0.125)
60.01 - 65% 65.01 - 70% 70.01 - 75% 75.01 - 80%
0.375
0.625
N/A
N/A
FICO 720-739
(0.250)
0.125
0.375
0.625
1.000
FICO 740-759
(0.375)
(0.125)
0.000
0.375
0.625
FICO >=760
(0.500)
(0.375)
(0.250)
0.000
0.250
LTV
<= 60%
<= $1.0M
(0.250)
(0.250)
(0.125)
0.000
0.000
> $1.0M to $1.5M
(0.250)
0.000
0.125
0.250
0.375
> $1.5M to $2.0M
(0.125)
0.000
0.250
0.375
N/A
> $2.0M to $2.5M
0.000
0.125
0.250
N/A
N/A
C/O Refinance
0.250
0.250
0.250
N/A
N/A
2 unit
0.250
0.250
N/A
N/A
N/A
2nd Home
0.125
0.250
0.375
0.750
N/A
No Escrows (NY excluded)
0.125
0.125
0.125
0.125
0.125
15yr Fixed
0.000
0.000
0.000
0.000
0.000
FL, NV
0.000
0.000
0.000
0.000
0.375
ARM
0.000
0.000
0.000
0.000
0.250
Purchase
(0.375)
(0.375)
(0.375)
(0.375)
(0.375)
30 yr Fixed, Non CA
(0.375)
(0.375)
(0.375)
(0.375)
(0.375)
Texas A6
0.500
0.500
0.500
0.500
0.500
30 yr Fixed, CA
(0.250)
(0.250)
(0.250)
0.000
Fixed Max Rebate 30 yr - Loan Amounts <= $1,000,000
(0.125)
(2.125)
Fixed Max Rebate 15 yr - Loan Amounts <= $1,000,000
(1.750)
Fixed Max Rebate 30 yr - Loan Amounts > $1,000,000
(1.750)
Fixed Max Rebate 15 yr - Loan Amounts > $1,000,000
(1.500)
ARM Max Rebate - Loan Amounts <= $1,000,000
(1.125)
ARM Max Rebate - Loan Amounts > $1,000,000
(1.000)
60.01 - 65% 65.01 - 70% 70.01 - 75% 75.01 - 80%
This information is for the use of approved mortgage lenders only and is not intended for distribution to consumers. This is not an advertisement to extend customer credit as defined by part 226.2 of Regulation Z. Interest rate, program terms and conditions are subject to change without notice. Not all products are available in all states and for all loan amounts. Other restrictions and limitations may apply. Granting of loan is subject to the credit and policy requirements of Plaza Home Mortgage, Inc.
10/14/2014 6:54 AM
Page 5 of 8
Conforming Specialty Programs
FNMA DU Refi Plus
20 Year Fixed<105%
15 Year Fixed<105%
30yr Fixed High Balance<105%
RCF20DURP
RCF150DURP
RCF30DURPH
Rate
15 Day
30 Day
Rate
45 Day
Rate
15 Day
30 Day
45 Day
Rate
15 Day
30 Day
4.750
(5.335)
4.750
(5.837)
(4.994)
4.500
(5.141)
(4.966)
(4.791)
5.125
(6.064)
(5.889)
4.625
(4.694)
4.625
(5.360)
(4.501)
4.375
(4.999)
(4.824)
(4.649)
5.000
(5.648)
(5.473)
4.500
(3.971)
4.500
(4.818)
(4.071)
4.250
(4.856)
(4.681)
(4.506)
4.875
(5.241)
(5.066)
4.375
(3.365)
4.375
(4.287)
(3.680)
4.125
(4.670)
(4.495)
(4.320)
4.750
(4.810)
(4.635)
4.250
(2.841)
4.250
(3.734)
(3.144)
4.000
(4.356)
(4.181)
(4.006)
4.625
(4.169)
(3.994)
4.125
(2.103)
4.125
(3.145)
(2.383)
3.875
(3.913)
(3.738)
(3.563)
4.500
(3.446)
(3.271)
4.000
(1.234)
4.000
(2.523)
(1.617)
3.750
(3.531)
(3.356)
(3.181)
4.375
(2.840)
(2.665)
3.875
(0.421)
3.875
(1.891)
(0.852)
3.625
(3.180)
(3.005)
(2.830)
4.250
(2.316)
(2.141)
3.750
0.322
3.750
(1.263)
0.355
3.500
(2.686)
(2.511)
(2.336)
4.125
(1.578)
(1.403)
3.625
(0.545)
2.119
3.375
(2.031)
(1.856)
(1.681)
4.000
(0.709)
(0.534)
3.250
(1.511)
(1.336)
(1.161)
3.875
0.104
0.279
30yr Fixed
20 Year Fixed
15 Year Fixed
RCF30DURPX (LTV > 105)
RCF20DURPX (LTV >105)
RCF15DURPX (LTV >105)
Rate
15 Day
30 Day
45 Days
Rate
15 Day
30 Day
Rate
15 Day
30 Day
45 Day
4.875
(5.278)
(5.103)
(4.928)
4.875
(5.278)
(5.103)
4.500
(3.527)
(3.352)
(3.177)
4.750
(4.597)
(4.422)
(4.247)
4.750
(4.597)
(4.422)
4.375
(3.338)
(3.163)
(2.988)
4.625
(3.790)
(3.615)
(3.440)
4.625
(3.790)
(3.615)
4.250
(3.148)
(2.973)
(2.798)
4.500
(2.959)
(2.784)
(2.609)
4.500
(2.959)
(2.784)
4.125
(2.915)
(2.740)
(2.565)
4.375
(2.243)
(2.068)
(1.893)
4.375
(2.243)
(2.068)
4.000
(2.547)
(2.372)
(2.197)
4.250
(1.610)
(1.435)
(1.260)
4.250
(1.610)
(1.435)
3.875
(2.041)
(1.866)
(1.691)
4.125
(0.697)
(0.522)
(0.347)
4.125
(0.697)
(0.522)
3.750
(1.597)
(1.422)
(1.247)
4.000
0.391
0.566
0.741
4.000
0.391
0.566
3.625
(1.183)
(1.008)
(0.833)
3.875
1.423
1.598
1.773
3.875
1.423
1.598
3.500
(0.620)
(0.445)
(0.270)
3.750
2.384
2.559
2.734
3.750
2.384
2.559
3.375
0.113
0.288
0.463
3.625
3.523
3.698
3.873
3.625
3.523
3.698
3.250
0.711
0.886
1.061
Adjustments - Max rebate is 4.50 after adjustments
All adjustments apply to all conventional programs and are cumulative unless otherwise stated.
Loan Amounts
Loan Amount <$140k
0.125
2 units
1.000
Loan Amount <$100k
0.250
3-4 units
1.500
Loan Amount <$75k
0.500
Condo LTV > 75% & Loan Term >15yrs; (Excludes Detached Condo w/ DU)
0.750
Subordinate Financing
0.375
CLTV/HCLTV >95, FICO >=720
1.500
DURP w/ MI
CLTV/HCLTV >95, FICO <720
1.500
1.750
CLTV/HCLTV >90<=95, FICO >=720
0.250
Investment LTV <= 75%
LTV > 75% - 80%
1.750
CLTV/HCLTV >90<=95, FICO <720
0.500
LTV > 80%
1.750
CLTV/HCLTV >75<=90, FICO >=720
0.000
CLTV/HCLTV >75<=90, FICO <720
0.250
*All state adjustments apply to this program. See state adjustments on page 2 under Conventional Conforming Adjustments.
Risk-Based Adjustments
Credit Score
Maximum Cumulative Adjustments
620
640
660
680
700
720
(excludes lock term, loan amts, MI transfer & state adj)
LTV%
< 620
639
659
679
699
719
739
>= 740
0.000
<= 60
N/A
0.750
0.500
0.000
0.000
(0.250)
(0.250)
(0.250) LTV >80, Owner Occupied, Loan Term <=20yrs
LTV >80, Owner Occupied, Loan Term >20yrs
0.750
60.01-70
N/A
1.500
1.250
1.000
0.500
0.500
0.000
0.000
2nd Home or N/O/O
1.750
70.01-75
N/A
1.750
1.750
1.500
0.750
0.500
0.000
0.000
LTV <=80%
1.750
75.01-80
N/A
1.750
1.750
1.750
0.750
0.500
0.000
0.000
80.01-85
N/A
1.750
1.750
1.750
0.750
0.500
0.000
0.000
85.01-90
N/A
1.750
1.750
1.750
0.750
0.500
0.000
0.000
90.01-95
N/A
1.750
1.750
1.750
0.750
0.500
0.000
0.000
95.01-97
N/A
1.750
1.750
1.750
1.250
1.000
0.500
0.500
Risk-Based Adjustments do not apply to loans with amortization
97.01-105
N/A
3.500
2.500
2.000
1.750
1.500
1.000
1.000
terms <=180 months.
105.01-125
N/A
3.500
2.500
2.000
1.750
1.500
1.000
1.000
30 Year Fixed<105%
RCF300DURP
15 Day
30 Day
(5.685)
(5.510)
(5.044)
(4.869)
(4.321)
(4.146)
(3.715)
(3.540)
(3.191)
(3.016)
(2.453)
(2.278)
(1.584)
(1.409)
(0.771)
(0.596)
(0.028)
0.147
CONFORMING FIXED RATES - LP Relief Refinance
Rate
5.250
5.125
5.000
4.875
4.750
4.625
4.500
4.375
4.250
30 Year Fixed
CF300LPRR
15 Day
(7.600)
(7.064)
(6.349)
(6.186)
(5.701)
(5.090)
(4.299)
(3.713)
(3.171)
30 Day
(7.425)
(6.889)
(6.174)
(6.011)
(5.526)
(4.915)
(4.124)
(3.538)
(2.996)
Closing costs, financing
costs (including
discount costs) and
prepaids/escrows, are
limited to the lesser of
4% of the current unpaid
balance of the mortgage
being refinanced or
$5,000.
Rate
4.250
4.125
4.000
3.875
3.750
3.625
3.500
3.375
3.250
15 Year Fixed
CF150LPRR
15 Day
(5.398)
(4.948)
(4.439)
(3.798)
(3.603)
(3.143)
(2.617)
(1.933)
(1.824)
30 Day
(5.223)
(4.773)
(4.264)
(3.623)
(3.428)
(2.968)
(2.442)
(1.758)
(1.649)
30yr Fixed High Balance
CF300LPRRH
Rate
15 Day
30 Day
5.250
(6.350)
(6.175)
5.125
(5.814)
(5.639)
5.000
(5.099)
(4.924)
4.875
(4.936)
(4.761)
4.750
(4.451)
(4.276)
4.625
(3.840)
(3.665)
4.500
(3.049)
(2.874)
4.375
(2.463)
(2.288)
4.250
(1.921)
(1.746)
30yr Fixed >105 LTV
RCF30LPRRX
Rate
15 Day
30 Day
4.250
(1.671)
(1.496)
4.125
(1.000)
(0.825)
4.000
(0.119)
0.056
3.875
0.418
0.593
3.750
1.055
1.230
3.625
1.828
2.003
3.500
2.826
3.001
Adjustments - Max rebate is 4.50 after adjustments
All adjustments apply to all conventional programs and are cumulative unless otherwise stated.
Subordinate Financing
Loan Amounts
CLTV/HCLTV >95, FICO >=720
Loan Amount <$140k
0.125
1.500
CLTV/HCLTV >95, FICO <720
Loan Amount <$100k
0.250
1.500
LTV >65<=75, CLTV/HCLTV >90<=95, FICO >=720
Loan Amount <$75k
0.500
0.250
LTV >65<=75, CLTV/HCLTV >90<=95, FICO <720
0.500
Condo LTV > 75% & Loan Term >15yrs
LTV >75<=80, CLTV/HCLTV >75<=90, FICO >=720
0.750
0.750
LTV
>75<=80,
CLTV/HCLTV
>75<=90,
FICO
<720
2 units
1.000
1.000
LTV >75<=80, CLTV/HCLTV >90<=95, FICO >=720
3-4 units <=80 LTV
1.000
0.750
LTV >75<=80, CLTV/HCLTV >90<=95, FICO <720
3-4 units >80<=85 LTV
1.500
1.000
LTV >80<=90, CLTV/HCLTV >80<=95, FICO >=720
3-4 units >85 LTV
2.000
0.750
LTV >80<=90, CLTV/HCLTV >80<=95, FICO <720
Investment Property
1.750
1.000
LTV >90, CLTV/HCLTV >90, FICO >=720
LTV >95<=97
0.500
0.250
LTV
>90,
CLTV/HCLTV
>90,
FICO
<720
LTV >97<=105
1.000
0.500
LPRR w/ MI
LTV >105
2.000
0.375
See pulse for pricing options for
other terms
*All state adjustments apply to this program. See state adjustments on page 2 under Conventional Conforming Adjustments.
Risk-Based Adjustments
Credit Score
620
640
660
680
700
< 620
639
659
679
699
719
LTV%
<= 60
N/A
0.500
0.500
0.000
0.000
(0.250)
60.01 - 70
N/A
1.500
1.250
1.000
0.500
0.500
70.01 - 75
N/A
3.000
2.750
2.250
1.250
0.750
75.01 - 80
N/A
3.000
3.000
2.750
1.750
1.000
80.01 - 85
N/A
3.250
3.250
2.750
1.500
1.000
85.01 - 90
N/A
3.250
2.750
2.250
1.250
1.000
90.01 - 95
N/A
3.250
2.750
2.250
1.250
1.000
95.01 - 97
N/A
3.250
2.750
2.250
1.250
1.000
>97
N/A
3.250
2.750
2.250
1.250
1.000
Risk-Based Adjustments do not apply to loans with amortization terms <=180 months.
720
739
(0.250)
0.000
0.250
0.500
0.500
0.500
0.500
0.500
0.500
Maximum Cumulative Adjustments
>= 740
(0.250)
0.000
0.000
0.250
0.250
0.250
0.250
0.250
0.250
(excludes lock term, loan amts, impound waivers, MI transfer & state adj)
LTV >80, O/O & 2nd Home, Loan Term <=20yrs
LTV >80, O/O & 2nd Home, Loan Term >20yrs
N/O/O
LTV <=80%
0.000
0.750
1.750
1.750
This information is for the use of approved mortgage lenders only and is not intended for distribution to consumers. This is not an advertisement to extend customer credit as defined by part 226.2 of Regulation Z. Interest rate, program terms and conditions are subject to change without notice. Not all products are available in all states and for all loan amounts. Other restrictions and limitations may apply. Granting of loan is subject to the credit and policy requirements of Plaza Home Mortgage, Inc.
10/14/2014 6:54 AM
Page 6 of 8
FHA Rates and Adjustments
Rate
4.375
4.250
4.125
4.000
3.875
3.750
3.625
3.500
3.375
3.250
FHA 30 Yr Fixed
Conforming
FHA 300
15 Day
30 Day
(5.983)
(5.808)
(5.626)
(5.451)
(4.845)
(4.670)
(5.063)
(4.888)
(3.959)
(3.784)
(3.938)
(3.763)
(2.678)
(2.503)
(2.391)
(2.216)
(1.633)
(1.458)
(1.231)
(1.056)
FHA 30 Yr HB
(FHA300HB/FHA300HBS)
Rate
15 Day
30 Day
4.250
(4.876)
(4.701)
4.125
(4.095)
(3.920)
4.000
(4.313)
(4.138)
3.875
(3.209)
(3.034)
3.750
(3.188)
(3.013)
3.625
(1.928)
(1.753)
3.500
(1.641)
(1.466)
3.375
(0.883)
(0.708)
Rate
4.375
4.250
4.125
4.000
3.875
3.750
3.625
3.500
3.375
FHA 30Yr Fixed
Conforming
FHA30S (FHA Streamline)
15 Day
30 Day
(5.983)
(5.808)
(5.626)
(5.451)
(4.845)
(4.670)
(5.063)
(4.888)
(3.959)
(3.784)
(3.938)
(3.763)
(2.678)
(2.503)
(2.391)
(2.216)
(1.633)
(1.458)
45 Day
(5.633)
(5.276)
(4.495)
(4.713)
(3.609)
(3.588)
(2.328)
(2.041)
(1.283)
(0.881)
Rate
4.500
4.375
4.250
4.125
4.000
3.875
3.750
3.625
Rate
4.500
4.375
4.250
4.125
4.000
3.875
3.750
3.625
3.500
3.375
3.250
FHA 15 Yr High Bal.
FHA150HB
15 Day
30 Day
(4.822)
(4.647)
(4.106)
(3.931)
(4.397)
(4.222)
(4.172)
(3.997)
(4.418)
(4.243)
(3.659)
(3.484)
(3.396)
(3.221)
(2.343)
(2.168)
FHA 15 Yr
Conforming
FHA150
15 Day
30 Day
(5.322)
(5.147)
(4.606)
(4.431)
(4.897)
(4.722)
(4.672)
(4.497)
(4.918)
(4.743)
(4.159)
(3.984)
(3.896)
(3.721)
(2.843)
(2.668)
(3.075)
(2.900)
(2.302)
(2.127)
(2.025)
(1.850)
45 Day
(4.472)
(3.756)
(4.047)
(3.822)
(4.068)
(3.309)
(3.046)
(1.993)
Rate
4.250
4.125
4.000
3.875
3.750
3.625
3.500
3.375
3.250
15 Day
(5.376)
(4.595)
(4.813)
(3.709)
(3.688)
(2.428)
(2.141)
(1.383)
(0.981)
30 Day
(5.201)
(4.420)
(4.638)
(3.534)
(3.513)
(2.253)
(1.966)
(1.208)
(0.806)
Unit
1
2
3
4
Contiguous States
Standard
$417,000
$533,850
$645,300
$801,950
Rural Housing Full Doc & Rural Refinance Pilot
USDA RH 30 Yr (USDARH30 & USDARH30P)
Rate
4.250
4.125
4.000
3.875
3.750
3.625
3.500
15 Day
(4.876)
(4.095)
(4.063)
(3.209)
(2.938)
(1.928)
(1.641)
45 Day
(4.972)
(4.256)
(4.547)
(4.322)
(4.568)
(3.809)
(3.546)
(2.493)
(2.725)
(1.952)
(1.675)
Rate
4.000
3.875
3.750
3.625
3.500
3.375
3.250
3.125
3.000
2.875
2.750
FHA51T
15 Day
(4.451)
(4.249)
(3.982)
(3.646)
(3.309)
(2.972)
(2.575)
(2.114)
(1.653)
(1.192)
(0.681)
30 Day
(4.276)
(4.074)
(3.807)
(3.471)
(3.134)
(2.797)
(2.400)
(1.939)
(1.478)
(1.017)
(0.506)
Rate
4.375
4.250
4.125
4.000
3.875
3.750
3.625
3.500
FHA 30 Yr Fixed
RFHA30BTW
15 Day
(5.983)
(5.626)
(4.721)
(4.342)
(3.959)
(3.570)
(2.424)
(2.093)
30 Day
(5.808)
(5.451)
(4.546)
(4.167)
(3.784)
(3.395)
(2.249)
(1.918)
FHA51THB
5 Yr
Rate
4.000
3.875
3.750
3.625
3.500
3.375
3.250
3.125
15 Day
(4.201)
(3.999)
(3.732)
(3.396)
(3.059)
(2.722)
(2.325)
(1.864)
30 Day
(4.026)
(3.824)
(3.557)
(3.221)
(2.884)
(2.547)
(2.150)
(1.689)
45 Day
(3.851)
(3.649)
(3.382)
(3.046)
(2.709)
(2.372)
(1.975)
(1.514)
30 Year FHA 203(k)
30 Year Fixed
Conforming
FHA300HBS
45 Day
(5.633)
(5.276)
(4.495)
(4.713)
(3.609)
(3.588)
(2.328)
(2.041)
(1.283)
5 Yr
Conforming
45 Day
(5.026)
(4.245)
(4.463)
(3.359)
(3.338)
(2.078)
(1.791)
(1.033)
(0.631)
FHA30KS
Rate
15 Day
30 Day
4.625
(4.400)
(4.225)
4.500
(4.199)
(4.024)
4.375
(3.733)
(3.558)
4.250
(3.376)
(3.201)
4.125
(2.471)
(2.296)
4.000
(2.092)
(1.917)
3.875
(1.709)
(1.534)
3.750
(1.320)
(1.145)
3.625
(0.174)
0.001
FHA 203(k) Streamlined:
Supplemental Origination Fee Greater of $350 or 1.50% of the
total cost of renovations
30 Year FHA 203(k) High Balance
Rate
4.625
4.500
4.375
4.250
4.125
4.000
3.875
3.750
3.625
FHA30HKS
15 Day
(2.900)
(2.699)
(2.233)
(1.876)
(0.971)
(0.592)
(0.209)
0.180
1.326
30 Day
(2.725)
(2.524)
(2.058)
(1.701)
(0.796)
(0.417)
(0.034)
0.355
1.501
30 Day
(4.701)
(3.920)
(3.888)
(3.034)
(2.763)
(1.753)
(1.466)
Maximum Base Loan Amount
Contiguous States
Alaska & Hawaii
High Balance
Standard
$625,500
$625,500
$800,775
$800,775
$967,950
$967,950
$1,202,925
$1,202,925
Alaska & Hawaii
High Balance
$721,050
$923,050
$1,115,800
$1,386,650
GOVERNMENT ADJUSTMENTS - Max rebate is 5.00 after adjustments
State Adj.
Adjustments
0.125
OR
(0.125)
Loan amount >= $100,000 to $124,999
Loan amount >= $75,000 to $99,999
0.250
NV
0.000
Loan amount >= $50,000 to $74,999
0.375
ID
(0.125)
Loan amount <$50,000
0.750
MN
0.000
FHA Streamline: FICO 640-679
0.500
WA
(0.125)
FHA Streamline: FICO 620-639
1.000
AZ
0.000
FHA Full Doc & USDA : FICO 640-679
0.500
MT
0.000
For FHA's Back to Work use code RFHA30BTW
FHA Full Doc & USDA: FICO 620-639
1.000
CA
0.000
FHA Full Doc: FICO 600-619
1.250
FHA Full Doc: FICO 580-599
1.750
Use FHA High Balance for base
Full Doc, FHA Streamline & USDA: FICO 680-719
0.250
loan amounts >417,000
580: FHA conforming purchase & rate/term (580-619 score manual UW)
620: FHA conforming cash out, HB purchase and rate/term, FHA Streamline, FHA 203(k) Streamline
640: FHA High Balance cash out
FHA 203(k) Streamlined: Supplemental Origination Fee - Greater of $350 or 1.50% of the total cost of renovations Loans outside of the state of CA may be subject to additional price adjustments.
This information is for the use of approved mortgage lenders only and is not intended for distribution to consumers. This is not an advertisement to extend customer credit as defined by part 226.2 of Regulation Z. Interest rate, program terms and conditions are subject to change without notice. Not all products are available in all states and for all loan amounts. Other restrictions and limitations may apply. Granting of loan is subject to the credit and policy requirements of Plaza Home Mortgage, Inc.
10/14/2014 6:54 AM
Page 7 of 8
VA Rates and Adjustments
30 Year Fixed
30 Year Fixed
Energy Efficient Mortgage
VA300
VA3010
VA300EM
VA 5/1 Arm
VA51T
Rate
15 Day
30 Day
Rate
15 Day
30 Day
Rate
15 Day
30 Day
Rate
15 Day
30 Day
4.250
(5.376)
(5.201)
4.125
(4.595)
(4.420)
4.250
(5.376)
(5.201)
4.000
(4.451)
(4.276)
4.125
(4.595)
(4.420)
4.000
(4.563)
(4.388)
4.125
(4.595)
(4.420)
3.875
(4.249)
(4.074)
4.000
(4.813)
(4.638)
3.875
(3.689)
(3.514)
4.000
(4.813)
(4.638)
3.750
(3.982)
(3.807)
3.875
(3.709)
(3.534)
3.750
(3.438)
(3.263)
3.875
(3.709)
(3.534)
3.625
(3.646)
(3.471)
3.750
(3.688)
(3.513)
3.625
(2.428)
(2.253)
3.750
(3.688)
(3.513)
3.500
(3.309)
(3.134)
3.625
(2.428)
(2.253)
3.500
(2.141)
(1.966)
3.625
(2.428)
(2.253)
3.375
(2.972)
(2.797)
3.500
(2.141)
(1.966)
3.500
(2.141)
(1.966)
3.250
(2.575)
(2.400)
3.375
(1.383)
(1.208)
3.375
(1.383)
(1.208)
3.125
(2.114)
(1.939)
20 Year Fixed
25 Year Fixed
VA200
15 Year Fixed
VA250
15 Year Fixed
VA150
VA1510
Rate
15 Day
30 Day
Rate
15 Day
30 Day
Rate
15 Day
30 Day
Rate
15 Day
30 Day
4.500
(5.322)
(5.147)
4.500
(5.322)
(5.147)
4.500
(5.322)
(5.147)
4.500
(4.989)
(4.814)
4.375
(4.606)
(4.431)
4.375
(4.606)
(4.431)
4.375
(4.606)
(4.431)
4.000
(4.583)
(4.408)
4.250
(4.897)
(4.722)
4.250
(4.897)
(4.722)
4.250
(4.897)
(4.722)
3.500
(2.786)
(2.611)
4.125
(4.672)
(4.497)
4.125
(4.672)
(4.497)
4.125
(4.672)
(4.497)
3.000
(0.739)
(0.564)
4.000
(4.918)
(4.743)
4.000
(4.918)
(4.743)
4.000
(4.918)
(4.743)
3.875
(4.159)
(3.984)
3.875
(4.159)
(3.984)
3.875
(4.159)
(3.984)
3.750
(3.896)
(3.721)
3.750
(3.896)
(3.721)
3.750
(3.896)
(3.721)
3.625
(2.843)
(2.668)
3.625
(2.843)
(2.668)
3.625
(2.843)
(2.668)
VA IRRRL Streamlines
30 Yr VA30IRRL10
30 Yr VA300IRRRL
15 Yr VA150IRRRL
Must be serviced by Wells
No Appraisal Required
Rate
15 Day
30 Day
Rate
15 Day
30 Day
Rate
15 Day
30 Day
4.375
(5.483)
(5.308)
4.625
(4.897)
(4.722)
4.250
(5.376)
(5.201)
4.250
(5.126)
(4.951)
4.500
(5.197)
(5.022)
4.125
(4.471)
(4.296)
4.125
(4.345)
(4.170)
4.375
(4.481)
(4.306)
4.000
(4.092)
(3.917)
4.000
(4.092)
(3.917)
3.875
(3.709)
(3.534)
3.875
(3.459)
(3.284)
3.750
(3.320)
(3.145)
3.750
(3.320)
(3.145)
3.625
(2.174)
(1.999)
3.625
(2.174)
(1.999)
3.500
(1.843)
(1.668)
3.500
(1.843)
(1.668)
3.375
(1.133)
(0.958)
3.250
(0.731)
(0.556)
30 Year Fixed
30 Year Fixed
Jumbo Energy Efficient
15 Year Fixed
VAJUMBO30
VAJ3010
VAJUMBO30EEM
VAJUMBO15
VA 5/1 Jumbo Arm
VAJ51T
Rate
15 Day
30 Day
Rate
15 Day
30 Day
Rate
15 Day
30 Day
Rate
15 Day
30 Day
Rate
15 Day
4.500
(5.766)
(5.591)
4.500
(5.766)
(5.591)
4.500
(5.766)
(5.591)
4.750
(3.538)
(3.363)
4.000
(3.951)
4.375
(5.108)
(4.933)
4.375
(5.068)
(4.893)
4.375
(5.108)
(4.933)
4.625
(3.397)
(3.222)
3.875
(3.749)
4.250
(4.751)
(4.576)
4.250
(4.609)
(4.434)
4.250
(4.751)
(4.576)
4.500
(3.697)
(3.522)
3.750
(3.482)
4.125
(3.970)
(3.795)
4.125
(3.970)
(3.795)
4.125
(3.970)
(3.795)
4.375
(2.981)
(2.806)
3.625
(3.146)
4.000
(4.188)
(4.013)
4.000
(3.938)
(3.763)
4.000
(4.188)
(4.013)
3.500
(2.809)
3.875
(3.084)
(2.909)
3.875
(3.064)
(2.889)
3.875
(3.084)
(2.909)
GOVERNMENT ADJUSTMENTS - Max rebate is 5.00 after adjustments
State Adj.
Adjustments
Loan amount >= $100,000 to $124,999
Loan amount >= $75,000 to $99,999
0.125
OR
(0.125)
MT
0.000
0.250
NV
0.000
CA
0.000
Loan amount >= $50,000 to $74,999
0.375
ID
(0.125)
Loan amount <$50,000
0.750
MN
0.000
2nd Home or Non-owner VA Streamline
0.500
WA
(0.125)
Purchase Special (branch special not included in branch pricing)
-0.125
AZ
0.000
VA250
0.125
VA200
0.500
VA Streamline: FICO 620-659
1.125
VA Streamline: FICO 660-699
0.125
Plaza has waived the admin fee on all VA loans
VA Full Doc, FICO 680-719
0.250
VA Full Doc: FICO 640-679
0.500
VA Full Doc: FICO 620-639
1.000
VA Down Payment worksheet
Loans outside of the state of CA may be subject to additional price adjustments.
This information is for the use of approved mortgage lenders only and is not intended for distribution to consumers. This is not an advertisement to extend customer credit as defined by part 226.2 of Regulation Z. Interest rate, program terms and conditions are subject to change without notice. Not all products are available in all states and for all loan amounts. Other restrictions and limitations may apply. Granting of loan is subject to the credit and policy requirements of Plaza Home Mortgage, Inc.
10/14/2014 6:54 AM
Page 8 of 8
HomePath Program
CF30HOME
Rate
15 Day
30 Day
4.750
(5.810)
(5.635)
4.625
(5.169)
(4.994)
4.500
(4.446)
(4.271)
4.375
(3.840)
(3.665)
4.250
(3.316)
(3.141)
4.125
(2.578)
(2.403)
4.000
(1.709)
(1.534)
HomePath No Mortgage Insurance
LTV > 80 <= 85
LTV > 85 <= 90
LTV > 90 <= 95
LTV > 95 <= 97
45 Day
(5.460)
(4.819)
(4.096)
(3.490)
(2.966)
(2.228)
(1.359)
Rate
4.500
4.375
4.250
4.125
4.000
3.875
3.750
CF15HOME
15 Day
30 Day
(5.266)
(5.091)
(5.124)
(4.949)
(4.981)
(4.806)
(4.795)
(4.620)
(4.481)
(4.306)
(4.038)
(3.863)
(3.656)
(3.481)
(Includes LTV hit for > 95%)
1.000
1.750
2.500
3.750
CF30HOMEHB
45 Day
Rate
15 Day
30 Day
(4.916)
4.875
(5.103)
(4.928)
(4.774)
4.750
(4.860)
(4.685)
(4.631)
4.625
(4.275)
(4.100)
(4.445)
4.500
(3.521)
(3.346)
(4.131)
4.375
(2.883)
(2.708)
(3.688)
4.250
(2.329)
(2.154)
(3.306)
4.125
(1.569)
(1.394)
Investment Property
LTV <= 75%
LTV > 75% - 80%
LTV > 80% - 90%
HomePath
45 Day
(4.753)
(4.510)
(3.925)
(3.171)
(2.533)
(1.979)
(1.219)
1.500
2.000
2.500
Subordinate Financing
LTV<=65, CLTV/HCLTV >80<=95, FICO <720
LTV<=65, CLTV/HCLTV >80<=95, FICO >=720
LTV >65<=75, CLTV/HCLTV >80<=95, FICO <720
LTV >65<=75, CLTV/HCLTV >80<=95, FICO >=720
LTV >75<=95, CLTV/HCLTV >90<=95, FICO <720
LTV >75<=95, CLTV/HCLTV >90<=95, FICO >=720
LTV >75<=90, CLTV/HCLTV >76<=90, FICO <720
LTV >75<=90, CLTV/HCLTV >76<=90, FICO >=720
LTV <=95, CLTV/HCLTV >95<=97
LTV%
<= 60
60.01-70
70.01-75
75.01-80
80.01-85
85.01-90
90.01-95
95.01-97
97.01-100
No FICO
or <620
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
620
639
0.500
1.500
3.000
3.000
3.250
3.250
3.250
3.250
N/A
0.500
0.250
0.750
0.500
1.000
0.750
1.000
0.750
1.500
Risk-Based Adjustments
Credit Score
640
660
680
659
679
699
0.500
0.000
0.000
1.250
1.000
0.500
2.500
2.000
1.250
3.000
2.500
1.750
3.250
2.750
1.500
2.750
2.250
1.250
2.750
2.250
1.250
2.750
2.250
1.250
N/A
N/A
N/A
2 units
3-4 units
Condo LTV > 75% & Loan Term >15yrs
Loan Amounts
Loan Amount <$140k
Loan Amount <$100k
Loan Amount <$75k
High Balance Cash Out
700
719
(0.250)
0.500
0.750
1.000
1.000
1.000
1.000
1.000
N/A
720
739
(0.250)
0.000
0.250
0.500
0.500
0.500
0.500
0.500
N/A
>= 740
(0.250)
0.000
0.000
0.250
0.250
0.250
0.250
0.250
N/A
1.000
1.000
0.750
0.125
0.250
0.500
1.000
Max rebate is 4.50 after adjustments
Risk-Based Adjustments do not apply to loans with ammortization terms <=180 months, if both LTV <= 95.00 & FICO >= 620.
Impounds required w/ LTV > 80% and >= 90% for CA properties
Manufactured Home are not Allowed
Home Possible
CF30HP (Home Possible 30yr Fixed)
Rate
15 Day
30 Day
45 Day
4.875
(5.311)
(5.136)
(4.961)
4.750
(4.826)
(4.651)
(4.476)
4.625
(4.215)
(4.040)
(3.865)
4.500
(3.424)
(3.249)
(3.074)
4.375
(2.838)
(2.663)
(2.488)
4.250
(2.296)
(2.121)
(1.946)
4.125
(1.625)
(1.450)
(1.275)
4.000
(0.744)
(0.569)
(0.394)
3.875
(0.207)
(0.032)
0.143
3.750
0.430
0.605
0.780
5/1 ARM
Refinance
3-4 units LTV>90
CA51HP (Home Possible 5/1 ARM)
Rate
15 Day
30 Day
45 Day
4.500
(4.783)
(4.608)
(4.433)
4.375
(4.517)
(4.342)
(4.167)
4.250
(4.236)
(4.061)
(3.886)
4.125
(3.960)
(3.785)
(3.610)
4.000
(3.730)
(3.555)
(3.380)
3.875
(3.490)
(3.315)
(3.140)
3.750
(3.170)
(2.995)
(2.820)
3.625
(2.841)
(2.666)
(2.491)
3.500
(2.450)
(2.275)
(2.100)
3.375
(2.052)
(1.877)
(1.702)
Loan Amounts
Loan Amount <$140k
Loan Amount <$100k
Loan Amount <$75k
0.250
0.750
1.000
Community Enrichment (O/O Only)
0.125
0.250
0.500
-0.500
My Community
Rate
4.625
4.500
4.375
4.250
4.125
4.000
3.875
CF300MC (My Community)
15 Day
30 Day
(5.169)
(4.994)
(4.446)
(4.271)
(3.923)
(3.748)
(3.509)
(3.334)
(2.578)
(2.403)
(1.834)
(1.659)
(1.059)
(0.884)
45 Day
(4.819)
(4.096)
(3.573)
(3.159)
(2.228)
(1.484)
(0.709)
FANNIE MAE LLPA cap at .750 to fee (excluding loan amount adds)
Subordinate Financing
Subordinate Financing with non-Community Second
0.500
Loan Amounts
Loan Amount <$140k
Loan Amount <$100k
Loan Amount <$75k
0.125
0.250
0.500
Community Enrichment (O/O conforming only)
(0.500)
Plaza My Community Guidelines
Manufactured Home are not Allowed
Fannie Mae My Community Matrix
Max rebate is 4.50 after adjustments
This information is for the use of approved mortgage lenders only and is not intended for distribution to consumers. This is not an advertisement to extend customer credit as defined by part 226.2 of Regulation Z. Interest rate, program terms and conditions are subject to change without notice. Not all products are available in all states and for all loan amounts. Other restrictions and limitations may apply. Granting of loan is subject to the credit and policy requirements of Plaza
Home Mortgage, Inc.
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