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Effective Date: Tuesday, January 14, 2025
| HECM Monthly Adj. 1Y CMT 5 CAP – (US Treasury) | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Principal Limit Utilization *All files are over-disclosed to max premium for given margin at application* | |||||||||||||
| Margin | Initial Rate | Exp. Rate | 0-10% | 10.01-20% | 20.01-30% | 30.01-40% | 40.01-50% | 50.01-60% | 60.01-70% | 70.01-80% | 80.01-90% | 90.01-100% | |
| 3.000% | 7.250% | 7.625% | 113.000 | 110.125 | 107.875 | 106.125 | 105.375 | 105.500 | 104.625 | 104.125 | 103.875 | 103.750 | |
| 2.875% | 7.125% | 7.500% | 113.000 | 110.000 | 107.875 | 106.625 | 105.875 | 105.625 | 104.750 | 104.125 | 103.875 | 103.750 | |
| 2.750% | 7.000% | 7.375% | 112.500 | 109.625 | 108.375 | 106.875 | 106.000 | 106.125 | 105.250 | 104.875 | 104.625 | 104.500 | |
| 2.625% | 6.875% | 7.250% | 111.625 | 109.125 | 107.625 | 106.625 | 105.750 | 105.875 | 105.000 | 104.625 | 104.375 | 104.375 | |
| 2.500% | 6.750% | 7.125% | 111.500 | 108.500 | 107.125 | 106.125 | 105.500 | 105.500 | 104.750 | 104.250 | 104.125 | 103.875 | |
| 2.375% | 6.625% | 7.000% | 109.625 | 107.125 | 106.625 | 105.375 | 104.750 | 104.750 | 104.125 | 103.625 | 103.500 | 103.375 | |
| 2.250% | 6.500% | 6.875% | 108.000 | 105.625 | 105.250 | 104.250 | 103.925 | 103.875 | 103.375 | 103.000 | 102.875 | 102.875 | |
| 2.125% | 6.375% | 6.750% | 105.625 | 103.625 | 104.000 | 103.375 | 102.875 | 103.000 | 102.500 | 102.250 | 102.250 | 102.125 | |
| 2.000% | 6.250% | 6.625% | 102.000 | 101.875 | 102.625 | 102.000 | 102.000 | 102.000 | 101.875 | 101.625 | 101.625 | 101.625 | |
| 1.875% | 6.125% | 6.500% | 99.250 | 100.000 | 100.750 | 101.000 | 101.000 | 101.000 | 100.875 | 100.875 | 100.875 | 100.875 | |
| 1.750% | 6.000% | 6.375% | 98.000 | 99.000 | 100.000 | 100.250 | 100.250 | 100.250 | 100.250 | 100.250 | 100.250 | 100.250 | |
| 1.625% | 5.875% | 6.250% | 93.375 | 96.625 | 99.000 | 99.375 | 99.500 | 99.625 | 99.625 | 99.625 | 99.625 | 99.625 | |
| 1.500% | 5.750% | 6.125% | Please contact your AE for pricing. | ||||||||||
| 1.375% | 5.625% | 6.000% | |||||||||||
| HECM Annual Adj. 1Y CMT – (US Treasury) – Pricing available upon request, please contact your Account Executive | |||||||||||||
| HECM Monthly Adj. 1Y CMT 10 CAP – (US Treasury) | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Principal Limit Utilization *All files are over-disclosed to max premium for given margin at application* | |||||||||||||
| Margin | Initial Rate | Exp. Rate | 0-10% | 10.01-20% | 20.01-30% | 30.01-40% | 40.01-50% | 50.01-60% | 60.01-70% | 70.01-80% | 80.01-90% | 90.01-100% | |
| 3.000% | 7.250% | 7.625% | 113.000 | 110.125 | 107.875 | 106.125 | 105.375 | 105.500 | 104.625 | 104.125 | 103.875 | 103.750 | |
| 2.875% | 7.125% | 7.500% | 113.000 | 110.000 | 107.875 | 106.625 | 105.875 | 105.625 | 104.750 | 104.125 | 103.875 | 103.750 | |
| 2.750% | 7.000% | 7.375% | 112.500 | 109.625 | 108.375 | 106.875 | 106.000 | 106.125 | 105.250 | 104.875 | 104.625 | 104.500 | |
| 2.625% | 6.875% | 7.250% | 111.625 | 109.125 | 107.625 | 106.625 | 105.750 | 105.875 | 105.000 | 104.625 | 104.375 | 104.375 | |
| 2.500% | 6.750% | 7.125% | 111.500 | 108.500 | 107.125 | 106.125 | 105.500 | 105.500 | 104.750 | 104.250 | 104.125 | 103.875 | |
| 2.375% | 6.625% | 7.000% | 109.625 | 107.125 | 106.625 | 105.375 | 104.750 | 104.750 | 104.125 | 103.625 | 103.500 | 103.375 | |
| 2.250% | 6.500% | 6.875% | 108.000 | 105.625 | 105.250 | 104.250 | 103.925 | 103.875 | 103.375 | 103.000 | 102.875 | 102.875 | |
| 2.125% | 6.375% | 6.750% | 105.625 | 103.625 | 104.000 | 103.375 | 102.875 | 103.000 | 102.500 | 102.250 | 102.250 | 102.125 | |
| 2.000% | 6.250% | 6.625% | 102.000 | 101.875 | 102.625 | 102.000 | 102.000 | 102.000 | 101.875 | 101.625 | 101.625 | 101.625 | |
| 1.875% | 6.125% | 6.500% | 99.250 | 100.000 | 100.750 | 101.000 | 101.000 | 101.000 | 100.875 | 100.875 | 100.875 | 100.875 | |
| 1.750% | 6.000% | 6.375% | 98.000 | 99.000 | 100.000 | 100.250 | 100.250 | 100.250 | 100.250 | 100.250 | 100.250 | 100.250 | |
| 1.625% | 5.875% | 6.250% | Please contact your AE for pricing. | ||||||||||
| 1.500% | 5.750% | 6.125% | |||||||||||
| General Notes & Comments | Current Rates | ||||||||||||
– If processing services are provided by the lender, the processing fee of $495 will be deducted directly from the broker premium. – All pricing is for 10 Day Locks – Price Adjustor: Manufactured Homes: -25 basis points – Rates subject to change at any time. Premium is based on UPB | 10 Year CMT 1 Year CMT 0.00% 0.00% | ||||||||||||
Wholesale Fixed Standard
| HECM Fixed Rate | |||
|---|---|---|---|
| Rate | Orig. Fee | Credit | 10 Day |
| 7.500% | HUD Calc. | 0.00% | 102.000 |
| 7.625% | $5,000.00 | 0.00% | 102.000 |
| 7.750% | $4,500.00 | 0.00% | 102.000 |
| Any origination fee is paid to MOOM | |||
| Loans with < 100% utilization require PE | |||
| Mutual HomeSafe Select (min PL Util. 25%, max 90%) | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tier | Index | Margin | 25.00-30% | 30.01-40% | 40.01-50% | 50.01-60% | 60.01-70% | 70.01-80% | 80.01-90% | ||||
| 1.000 | 1 Yr. CMT | 6.875% | 103.500 | 102.750 | 102.125 | 101.750 | 101.500 | 101.250 | 101.125 | ||||
| 1.000 | 1 Yr. CMT | 6.750% | 102.750 | 102.000 | 101.375 | 101.000 | 100.750 | 100.500 | 100.375 | ||||
| 1.000 | 1 Yr. CMT | 6.625% | 101.500 | 100.750 | 100.250 | 100.000 | 100.000 | 100.000 | 100.000 | ||||
| All HomeSafe loans must have Principal Limit of > $300k | |||||||||||||
| Add .25% to any displayed HomeSafe margin if LESA is required | |||||||||||||
| ‘HomeSafe to HomeSafe refinances require minimum 18 mo. seasoning (LC’s not available) | |||||||||||||
| HomeSafe Select Approved States: CA, CO, CT, DC, FL, GA, HI, ID, IL, LA, MN, NC, NJ, NV, OR, RI, SC, TX, UT, VA | |||||||||||||