Effective for all government loans (FHA/VA/USDA) we receive on or after 12:00pm EST June 15, 2011, the following price adjustments will apply:
| FICO ADD-ON/INCENTIVE CHANGES | ||
| Score | Previous Add-on |
New Add-on |
| 600-619 | 2.000 | 3.000 |
| 620-639 | 1.500 | 2.000 |
| 740+ | 0.000 | (0.125) |
| MULTI-FAMILY ADD-ON CHANGES | ||
| Units | Previous Add-on |
New Add-on |
| 2 UNITS | 0.000 | 0.500 |
| 3-4 UNITS | 0.000 | 1.000 |
| LOAN SIZE ADD-ON/INCENTIVE CHANGES | ||
| Loan Size | Previous Add-on |
New Add-on |
| ≥$60K..<$75K | 0.750 | 1.000 |
| ≥$75K..<$100K | 0.250 | 0.375 |
| ≥$100K..<$125K | 0.000 | 0.125 |
| ≥$300K..<$417K | 0.000 | (0.125) |
Unless otherwise specified, the incentives paid for 740+ scores and $300K-$417K loan amounts can be combined, both with each other and with any current price special (such as a temporary 0.25 incentive paid for purchases).
If you have any questions, please contact your AE.