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FHA VA Rates and YSP.
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The Processing Centre processes and places loans with an appropriate FHA Investor who underwrites the loan on behalf of BORROWERS with a FHA purchase or refinance.
All Lenders 620 Minimum Score |
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FULL LOAN PACKAGES MUST BE RECEIVED BY MAY 15TH TO CLOSE AND FUND ON MAY 30TH |
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4506T REQUIRED ON ALL APPLICANTS |
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MINIMUM LOAN $150,000 |
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1.00% ORIGINATION FEE REQUIRED FOR SCORES BELOW 620 |
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MINIMUM 2.50% YSP REQUIRED - DEDUCT 1.50% FROM YSP ON REFER/ELIGIBLE MAX DTI 43% |
Rates are for Accept/Eligible DU/DO or ACCEPT/ACCEPT FHA Scorecard. ALL Refer/Eligible or Refer/Ineligible are Manual Underwrites and deduct 1.50% from YSP.
The Taylor Bean Whittaker Rates shown here are live and updated frequently as changes occur daily.
TBW HAS THE BEST RATES HOWEVER THERE IS A 15 DAY WAIT FOR UNDERWRITING THEN A FIVE DAY TURN TIME WITH CLOSING POSSIBLE IN 48 HOURS
Rates are subject to change to market conditions without notice.
In this volatile market wisdom concludes that all Good Faith Estimates should have a 1.0% Origination Fee inorder to protect your income.
**A One Percent Origination Fee and a One Percent Discount are allowed on FHA and VA Loans and may be applied to a Purchase or Refinance providing the Fees and Points in TOTAL DOES NOT EXCEED THE STATE'S PREDATORY MAXIMUM.
Massachusetts and North Carolina include the 1.50% FHA Upfront Mortgage Insurance Premium in the Fees and Points Threshold limiting the maximum fees and points allowed at 2.49% for the Broker.
Yield Spread Premium is calculated on the BASE LOAN AMOUNT ONLY. No Scores or Fico scores below 580 are usually a Manual Underwrite unless they DO Accept/Eligible.
Some Lenders have costs for State Pricing not reflected herein.
| 6.000% | -2.492% | 6.100% | 30 |
| 6.250% | -3.041% | 6.350% | 30 |
| 6.500% | -3.946% | 6.600% | 30 |
| 6.750% | -4.373% | 6.850% | 30 |
| 7.000% | -4.855% | 7.100% | 30 |
Typically, the Good Faith Estimate may include the One Percent Origination Fee and One Percent Discount Point** and as well as disclose the Lender's Yield Spread Premium.
All The Processing Centre Fees paid by the borrower are retained by The Processing Centre.
**A One Percent Origination Fee and a One Percent Discount are allowed on FHA and VA Loans and may be applied to a Purchase or Refinance providing the Fees and Points in TOTAL DOES NOT EXCEED THE STATE'S PREDATORY MAXIMUM.
Current posted rates are in effect as of 05/10/2008 2:15:39 PM Central Time.
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