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General Disclaimer
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MIN COMP: $1,500
Comp Levels are uniform for both lender-paid and borrower-paid transactions. You are not permitted to charge less utilizing borrower-paid compensation.
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Lock rates online until 11:59 PM PT (Business day only).
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All non-California properties with LTV>80% require impounds.
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All California properties with LTV greater than or equal to 90% require impounds.
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Flood insurance must be impounded.
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All rate lock extensions are done at worst-case pricing, in addition to any additional lock period adjustments.
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Floating purchases are estimated to be underwritten in about 4-5 business days (it could be faster during low production season)
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Title vesting requierments:
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Non-borrowers are not permitted to be vested on title, except in those states where a non-borrowing individual or civil union/domestic partner is permitted to sign the Security Instrument, Document Correction Compliance Agreement, Flood Hazard Notice and, if applicable, the Notice of Right to Cancel.
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Standard Conforming - Fixed Rate and ARM
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General Notes:
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