Fannie Mae/FHA – $1,500,000 and above
| Fixed Term > |
30/5 YR |
30/7 YR |
30/10 YR |
35/35 FHA |
| Start Rate |
4.75% |
5.60% |
6.00% |
5.00% |
| Spread |
2.00 |
2.00 |
2.00 |
n/a |
| PrePay |
YM |
YM |
YM |
LOCK* |
| Max LTV |
80% |
80% |
80% |
83.3% |
| DCR |
1.20 |
1.20 |
1.20 |
1.17 |
| Fees |
0.50% |
0.50% |
0.50% |
0.50% |
*FHA PrePay is Lock for Year one, then – 9,8,7,6,5,4,3,2,1,0,0,0….
Freddie Mac Small Balance – $2,000,000 and above
| Term > |
30/5 YR |
30/7 YR |
30/10 YR |
20/5+15 |
20/7+13 |
20/10+10 |
| Rate |
5.25% |
6.00% |
5.17% |
5.95% |
5.00% |
5.25% |
| Spread |
– |
– |
– |
2.75 |
2.75 |
2.75 |
| PrePay |
YM |
YM |
YM |
YM |
YM |
YM |
| Max LTV |
80% |
80% |
80% |
80% |
80% |
80% |
| DCR |
1.20 |
1.20 |
1.20 |
1.20 |
1.20 |
|
| Fees |
0.50% |
0.50% |
0.50% |
0.50% |
0.50% |
0.50% |
$1,000,000 to $5,000,000 – 30 year fully amortized Hybrid
| Fixed Term > |
3 YR |
5 YR |
7 YR |
10 YR |
15/15 |
| Rate |
7.55% |
7.65% |
7.75% |
7.25% |
6.75% |
| SOFR Margin |
2.50 |
2.50 |
2.50 |
2.50 |
n/a |
| PrePay |
3-2-1 |
5-4-3-2-1 |
5-5-4-4-3-2-1 |
5-4-4-3-3-2-2-1-1 |
5-4-4-3-2-2-2-2-1 |
| Max LTV |
75% |
75% |
75% |
75% |
75% |
| DCR |
1.20 |
1.20 |
1.20 |
1.20 |
1.20 |
| Fees |
0.75% |
0.75% |
0.75% |
0.75% |
0.75% |
$500,000 to $6,000,000 – 30 year fully amortized Hybrid
| Fixed Term > |
1 YR |
3 YR |
5 YR |
7 YR |
| Rate |
6.175% |
7.05% |
7.15% |
7.75% |
| SOFR Margin |
3.125 |
3.125 |
3.125 |
3.125 |
| PrePay |
3-2-1 |
3-2-1 |
5-4-3-2-1 |
5-4-3-3-2-2-1 |
| Max LTV |
75% |
75% |
75% |
75% |
| DCR |
1.20 |
1.20 |
1.20 |
1.20 |
| Fees |
.75% |
.75% |
.75% |
.75% |
$100,000 to $750,000 – 30 year fully amortized Hybrid (So. Cal ONLY)
| Fixed Term > |
6 Mo ARM |
3 YR |
5 YR |
| Start Rate |
9.75% |
10.25% |
10.50% |
| Prime Rate |
1.50 |
1.50 |
1.50 |
| PrePay |
3-2-1 |
3-2-1 |
3-2-1-1-1 |
| Max LTV |
70% |
70% |
70% |
| DCR |
1.20 |
1.20 |
1.20 |
| Fees |
2.00% |
2.00% |
2.00% |
