1. Healthcare

Daily Rate Sheet
solid, established, reliable - since 1959
FHA 203b / 234c Wholesale
2/6/15
10:10am
FHA Plus/VA - Minimum Credit Score Requirements and DU Approve Eligible Required
30 Year Fixed Rate FHA/VA - Standard Loan Limit
30 Year Fixed Rate FHA - High Balance
Minimum Credit Score 620
Min Credit Score 620
Rate
3.250
3.375
3.500
3.625
3.750
3.875
3.999
4.000
4.125
4.250
4.375
4.499
4.625
15 Day
(2.563)
(2.688)
(2.813)
(2.938)
(4.781)
(4.906)
(5.256)
(5.281)
(5.406)
(6.219)
(6.244)
(6.625)
(6.844)
35 Day
(2.188)
(2.313)
(2.438)
(2.563)
(4.406)
(4.531)
(4.881)
(4.906)
(5.031)
(5.844)
(5.869)
(6.250)
(6.469)
50 Day
(2.088)
(2.213)
(2.338)
(2.463)
(4.306)
(4.431)
(4.781)
(4.806)
(4.931)
(5.744)
(5.769)
(6.150)
(6.369)
Rate
3.750
3.875
3.999
4.000
4.125
4.250
4.375
4.499
4.625
15 Day
(1.656)
(1.781)
(2.131)
(2.156)
(2.281)
(3.344)
(3.369)
(3.750)
(3.969)
35 Day
(1.281)
(1.406)
(1.756)
(1.781)
(1.906)
(2.969)
(2.994)
(3.375)
(3.594)
50 Day
(1.181)
(1.306)
(1.656)
(1.681)
(1.806)
(2.869)
(2.894)
(3.275)
(3.494)
15 Year Fixed Rate FHA/VA - Standard Loan Limit
Minimum Credit Score 580 FHA, 620 VA
Rate
15 Day
35 Day
2.750
(2.500)
(2.125)
2.875
(2.750)
(2.375)
2.999
(2.875)
(2.500)
3.000
(3.000)
(2.625)
3.125
(3.125)
(2.750)
3.250
(4.563)
(4.188)
3.375
(4.688)
(4.313)
3.500
(5.063)
(4.688)
3.625
(5.188)
(4.813)
3.750
(5.219)
(4.844)
Credit
15 year FHA w/FICO 580-619
(all other adjustments apply)
50 Day
(2.025)
(2.275)
(2.400)
(2.525)
(2.650)
(4.088)
(4.213)
(4.588)
(4.713)
(4.744)
Price
2.500
5/1 ARM FHA - Standard Loan Limit
Minimum Credit Score 640
Rate
3.000
3.125
3.250
3.375
3.500
3.625
3.750
3.875
4.000
4.125
Max Credit Adjustments
Price
Price
700+
0.000
5.000
VA DTI 43.01% - 50%
0.250
660-699
0.250
5.000
VA DTI 50.01+
620-659
1.000
5.000
<620
Notes
Loan Amount
Price
0.500
$500,000+
0.000
VA loan
0.500
$425,000 - $499,999
0.200
203k
1.750
Advantage Loan Pricing
Applies
Refer
Manual
Exception
ARM is qualified at a rate 1.5% higher than note rate.
Manufactured Homes are not permitted
Fees: NO underwriting fee, $450 Attorney Fee (NY Only), NO attorney fee on Veterans
Affairs (VA) loans
$350,000 - $424,999
0.250
$300,000 - $349,999
0.300
$250,000 - $299,999
0.375
$200,000 - $249,999
0.450
Lender Paid Comp: All loans have a maximum Premium Price (Credit) as stated. On
Veterans Affairs (VA) loans, premium (after adjustments) must be greater than or equal
to Lender Paid Comp.
Consumer Paid Comp: NOT allowed on Veterans Affairs (VA) loans.
States
DE MA ME NH NY PA MN IL
Price
$150,000 - $199,999
0.000
$100,000 - $149,999
0.550
1.000
VA, ND, SD, D.C.
0.000
$50,000 - $99,999
2.375
CT, MD, RI, SC, NC
0.000
$35,000 - $49,999
4.500
NJ
0.250
1.500
1.750
2.000
FL
0.375
2.250
2.500
2.750
Lender Paid Comp Options
35 Day
0.737
0.492
0.118
(0.194)
(0.491)
(0.715)
(0.669)
(0.953)
(1.223)
(1.427)
5/1 ARM - One Yr Treasury Index (Current Index:
.17), 1/5 Caps, 2.25 Margin
FHA Plus/VA Adjustments and Max YSP (Standard and High Balance)
Credit
15 Day
0.625
0.380
0.006
(0.306)
(0.603)
(0.827)
(0.781)
(1.065)
(1.335)
(1.539)
Lender/Consumer Paid Comp: Points and fees (including discount points) paid by
Borrower to Lender and/or Broker are limited to 2.75% of the loan amount.
Expiration Dates
Lock Policy - FHA Plus/ VA
15 Day
15 Day: Loans must have all conditions submitted and reviewed by your Account Manager (code 2) and case number assigned to Mid-Island. Worst case price + .25 point occurs
on expired locks. Worst case price takes 15 Day price. (NOT eligible for lock at submission)
02/21/15
35 Day
03/13/15
50 Day
03/28/15
35 Day: Loans must be approved (code 1) and have case number assigned to Mid-Island. Worst case price + .25 point occurs on expired locks. Worst case price takes 35 Day
price.(NOT eligible for lock at submission)
Advantage Loans - 30 Yr Fixed Rate FHA/VA - Restrictions Apply - see Advantage credit matrix
30 Year Fixed Rate FHA/VA - Standard Loan Limit
30 Year Fixed Rate FHA/VA - Standard Loan Limit
30 Year Fixed Rate FHA - High Balance
Credit Score 600+ and No Credit Score (Max Credit 3.500)
Credit Score 580-599 (Max Credit 3.500)
Credit Score 580-619 (Max Credit 2.000)
Rate
3.999
4.000
4.125
4.250
4.375
4.499
4.625
4.750
4.875
4.999
5.125
15 Day
(2.006)
(2.031)
(2.156)
(3.219)
(3.244)
(3.625)
(3.844)
(4.750)
(4.875)
(5.000)
(5.125)
35 Day
(1.631)
(1.656)
(1.781)
(2.844)
(2.869)
(3.250)
(3.469)
(4.375)
(4.500)
(4.625)
(4.750)
50 Day
(1.531)
(1.556)
(1.681)
(2.744)
(2.769)
(3.150)
(3.369)
(4.275)
(4.400)
(4.525)
(4.650)
Rate
3.999
4.000
4.125
4.250
4.375
4.499
4.625
4.750
4.875
4.999
5.125
15 Day
(0.506)
(0.531)
(0.656)
(1.719)
(1.744)
(2.125)
(2.344)
(3.250)
(3.375)
(3.500)
(3.625)
35 Day
(0.131)
(0.156)
(0.281)
(1.344)
(1.369)
(1.750)
(1.969)
(2.875)
(3.000)
(3.125)
(3.250)
50 Day
(0.031)
(0.056)
(0.181)
(1.244)
(1.269)
(1.650)
(1.869)
(2.775)
(2.900)
(3.025)
(3.150)
Rate
3.999
4.000
4.125
4.250
4.375
4.499
4.625
4.750
4.875
4.999
5.125
15 Day
(0.131)
(0.156)
(0.281)
(1.344)
(1.369)
(1.750)
(1.969)
(2.875)
(3.000)
(3.125)
(3.250)
35 Day
0.244
0.219
0.094
(0.969)
(0.994)
(1.375)
(1.594)
(2.500)
(2.625)
(2.750)
(2.875)
Advantage Adjustments (Standard and High Balance)
States
DE MA ME NH NY PA MN IL
VA, ND, SD, D.C.
CT, MD, RI, SC, NC
NJ
FL
Price
0.000
0.000
0.000
0.250
0.375
DTI Adjustments
VA DTI 43.01% - 50%
VA DTI 50.01+
VA loan
Price
0.250
0.500
0.500
Lender Paid Comp Options
1.500
1.750
2.250
2.500
2.000
2.750
Loan Amount
Price
$500,000+
$425,000 - $499,999
$350,000 - $424,999
$300,000 - $349,999
$250,000 - $299,999
$200,000 - $249,999
$150,000 - $199,999
$100,000 - $149,999
$50,000 - $99,999
$35,000 - $49,999
0.000
0.200
0.250
0.300
0.375
0.450
0.550
1.000
2.375
4.500
203k
2.500
50 Day
0.344
0.319
0.194
(0.869)
(0.894)
(1.275)
(1.494)
(2.400)
(2.525)
(2.650)
(2.775)
RATE LOCK EXTENSIONS
7 Day
0.125 point
15 Day
0.375 point
Only one rate lock extension permitted. Rate
must be extended prior to expiration.
Expired Rate Locks receive worse case price plus
a 0.250 point penalty
Notes
Minimum 580 credit score for High Balance Loans
Minimum 580 credit score for Standard Loan Limits
No Manufactured Homes
Fees: No underwriting fee, $450 Attorney Fee Line 3 (NY Only)
Lender/Consumer Paid Comp: Points and fees (including discount points) paid by Borrower to Lender and/or Broker are
limited to 2.75% of the loan amount.
Lock Policy - FHA Advantage
15 Day: Loans must have all conditions submitted and reviewed by your Account Manager (code 2) and case number assigned to Mid-Island. Worst case price + .25 point occurs
on expired locks. Worst case price takes 15 Day price. (NOT eligible for lock at submission)
35 Day: Loans must be approved (code 1) and have case number assigned to Mid-Island. Worst case price + .25 point occurs on expired locks. Worst case price takes 35 Day
price.(NOT eligible for lock at submission)
30 Year Fixed Streamline Refinance
FHA High Balance
Must be current at time of closing. Six months seasoning required.
Must result in an immediate 5% payment reduction
Loan must be 0x30 last 12 mos. Less than 12 mos mortgage history is acceptable as long as 0x30
All credit, state and loan amount adjustments apply.
1
2
3
4
Minimum Fico 600 for all Streamline Refinances
High Balance FHA Streamlines are priced from the High Balance price grid
See FHA Plus matrix for all guidelines
All Loan Limits located at:
Unit
Unit
Unit
Unit
>
>
>
>
Mortgagee Clause
Mid-Island Mortgage
Corp.
its successors and/or
assigns
P.O. Box 202028
Florence, SC 29502-2028
$417,000
$533,850
$645,300
$801,950
https://entp.hud.gov/idapp/html/hicostlook.cfm
Mid-Island Mortgage Corp. underwrites all "FHA Plus" and "Advantage" loans in accordance with the FHA handbook section 4155.1 and 4155.2. Any deviation from qualifying ratio guidelines must
demonstrate strong compensating factors contributing to the borrower’s ability to repay the mortgage regardless of AUS decision.
Not intended as an advertisement to extend credit as defined by Reg Z.
Rates, points, and adjustments are subject to change w/out notice. For business and professional use only. Not for consumer use or distribution.
Regional Office
400 W. Cummings Park, Suite 5800, Woburn, MA 01801
Phone 888-814-8191
Fax 516-693-9172
Corporate Headquarters
900 Merchants Concourse, Westbury, NY 11590
Legal © 2000-2015 Mid-Island Mortgage Corp.® (MIM). All Rights Reserved. Equal Housing Lender. This is not a commitment to lend. Restrictions apply. Provided to HUD/FHA approved and state authorized mortgage professionals and not intended for public distribution. Prices and Guidelines subject
to change without notice. This rate sheet / credit matrix is for reference purposes only. MIM underwrites all "Advantage" loans in accordance with the FHA handbook section 4155.1 and 4155.2. Any deviation from qualifying ratio guidelines must demonstrate strong compensating factors contributing
to the borrower’s ability to repay the mortgage. The use of the word "Advantage" in context with the FHA loan is not approved by HUD or the FHA. "Advantage" loans are priced higher due to applicants having poorer credit scores and are differentiated due to the high level of credit qualifying overlays.
NMLS # 1259 Licensed Mortgage Banker - NYS Banking Department; MA Licensed Mortgage Lender/Broker #MC1259; Licensed by the NH Banking Department; CT, MD, and MN Licensed Lender; Licensed by the NJ Department of Banking and Insurance; FL Mortgage Lender Servicer; ME
Licensed Supervised Lender; Licensed by PA Department of Banking; Virginia State Corporation Commission #MC-4685;RI Licensed Lender/Broker: SCBOFI Mortgage Lender/Servicer, Illinois Residential Mortgage Licensee, Licensed with the North Carolina Commissioner of Banks, ND Money
Broker, SD Licensed Lender, DC Mortgage Dual Authority Licensee, Licensed by the Delaware State Bank Commissioner to Engage in Business in this State, License # 9680 Expiration Date 12/31/14
Daily Rate Sheet
solid, established, reliable - since 1959
Conforming Wholesale
2/6/15
10:10am
Conforming DU Approve Eligible Required
30 Year Fixed Rate - Standard Loan Limit
Rate
35 Day
50 Day
3.375
0.590
0.759
3.500
(0.275)
(0.106)
3.625
(1.281)
(1.112)
3.750
(2.177)
(2.008)
3.875
(2.793)
(2.624)
4.000
(3.435)
(3.266)
4.125
(4.103)
(3.934)
4.250
(4.695)
(4.530)
4.375
(5.149)
(4.994)
4.500
(5.603)
(5.458)
30 Year Fixed Rate - High Balance
Rate
35 Day
50 Day
3.375
2.496
2.665
3.500
1.498
1.667
3.625
0.360
0.529
3.750
(0.571)
(0.402)
3.875
(1.078)
(0.909)
4.000
(1.610)
(1.441)
4.125
(2.169)
(2.000)
4.250
(2.635)
(2.471)
4.375
(2.941)
(2.786)
4.500
(3.247)
(3.101)
3/1 LIBOR ARM - 2.250 Margin - 2/2/6 Caps
ARM Plan
2723
Index Value
0.625
Rate
35 Day
50 Day
2.250
1.726
1.858
2.375
1.421
1.553
2.500
1.117
1.249
2.625
0.812
0.944
2.750
0.520
0.653
2.875
0.270
0.402
3.000
0.020
0.152
3.125
(0.230)
(0.098)
3.250
(0.476)
(0.344)
3.375
(0.710)
(0.578)
20 Year Fixed Rate - Standard Loan Limit
Rate
35 Day
50 Day
3.250
0.395
0.564
3.375
(0.461)
(0.292)
3.500
(1.316)
(1.147)
3.625
(2.172)
(2.003)
3.750
(2.887)
(2.718)
3.875
(3.391)
(3.222)
4.000
(3.894)
(3.726)
4.125
(4.398)
(4.229)
4.250
(4.882)
(4.717)
4.375
(5.336)
(5.181)
15 Year Fixed Rate - High Balance
Rate
35 Day
50 Day
3.000
(1.024)
(0.905)
3.125
(1.825)
(1.707)
3.250
(2.254)
(2.137)
3.375
(2.744)
(2.626)
3.500
(3.293)
(3.175)
3.625
(3.700)
(3.583)
3.750
(3.717)
(3.605)
3.875
(3.735)
(3.627)
4.000
(3.752)
(3.649)
4.125
(3.706)
(3.605)
5/1 Libor ARM - 2.25 Margin - 5/2/5 Caps
ARM Plan
2737 Index Value 0.625
Rate
35 Day
50 Day
2.750
2.081
2.235
2.875
1.698
1.852
3.000
1.315
1.469
3.125
0.932
1.086
3.250
0.569
0.724
3.375
0.249
0.403
3.500
(0.071)
0.083
3.625
(0.392)
(0.237)
3.750
(0.702)
(0.548)
3.875
(0.991)
(0.837)
15 Year Fixed Rate - Standard Loan Limit
Rate
35 Day
50 Day
3.000
(1.880)
(1.761)
3.125
(2.575)
(2.457)
3.250
(3.004)
(2.887)
3.375
(3.494)
(3.376)
3.500
(4.043)
(3.925)
3.625
(4.520)
(4.403)
3.750
(4.756)
(4.644)
3.875
(4.992)
(4.884)
4.000
(5.229)
(5.125)
4.125
(5.391)
(5.290)
30 Year Fixed Rate - MyCommunity
Rate
35 Day
50 Day
3.625
0.286
0.455
3.750
(0.700)
(0.531)
3.875
(1.629)
(1.460)
4.000
(2.243)
(2.074)
4.125
(2.883)
(2.714)
4.250
(3.549)
(3.379)
4.375
(4.159)
(3.993)
4.500
(4.613)
(4.457)
4.625
(5.067)
(4.921)
4.750
(5.521)
(5.385)
7/1 LIBOR ARM - 2.250 Margin - 5/2/5 Caps
ARM Plan
2727
Index Value
0.625
Rate
35 Day
50 Day
3.000
2.353
2.507
3.125
1.884
2.039
3.250
1.453
1.607
3.375
1.063
1.217
3.500
0.672
0.826
3.625
0.281
0.435
3.750
(0.094)
0.060
3.875
(0.454)
(0.300)
4.000
(0.813)
(0.659)
4.125
(1.173)
(1.018)
10 Year Fixed Rate - Standard Loan Limit
Rate
35 Day
50 Day
2.500
0.723
0.859
2.625
(0.349)
(0.223)
2.750
(0.944)
(0.820)
2.875
(1.539)
(1.417)
3.000
(2.133)
(2.014)
3.125
(2.690)
(2.572)
3.250
(3.167)
(3.049)
3.375
(3.643)
(3.525)
3.500
(4.120)
(4.002)
3.625
(4.520)
(4.403)
Loan Level Price Adjustments - All Mortgages - All Adjustments are cumulative
<=
60.00%
60.01 70.00%
70.01 75.00%
75.01 80.00%
80.01 85.00%
85.01 90.00%
90.01 95.00%
95.01 97.00%
Term > 15 Yrs; Credit Score >= 740
(0.250)
0.000
0.000
0.250
0.250
0.250
0.250
0.250
Loan Amount $500,000+
0.000
Term > 15 Yrs; Credit Score 720 - 739
(0.250)
0.000
0.250
0.500
0.500
0.500
0.500
0.500
Loan Amount $425,000 - $499,999
0.150
0.185
Price Adjustments - All mortgages - All
Adjustments are cumulative
Term > 15 Yrs; Credit Score 700 - 719
(0.250)
0.500
0.750
1.000
1.000
1.000
1.000
1.000
Loan Amount $350,000 - $424,999
Term > 15 Yrs; Credit Score 680 - 699
0.000
0.500
1.250
1.750
1.500
1.250
1.250
1.000
Loan Amount $300,000 - $349,999
Term > 15 Yrs; Credit Score 660 - 679
0.000
1.000
2.000
2.500
2.750
2.250
2.250
1.750
Loan Amount $250,000 - $299,999
0.275
Term > 15 Yrs; Credit Score 640 - 659
1.500
2.250
3.500
4.000
4.250
3.750
3.750
3.250
Loan Amount $200,000 - $249,999
0.350
Term > 15 Yrs; Credit Score 620 - 639
1.750
2.500
4.000
4.000
4.250
4.250
4.250
4.000
Loan Amount $150,000 - $199,999
Term ≤ 15 Yrs; Credit Score <660
1.000
1.000
1.000
1.000
1.000
1.000
1.000
1.000
Loan Amount $100,000 - $149,999
0.450
1.000
Cash Out - Credit Score >=740
0.000
0.250
0.250
0.500
0.625
N/A
N/A
N/A
Loan Amount $50,000 - $99,999
2.375
Cash Out - Credit Score 720 - 739
0.000
0.625
0.625
0.750
1.500
N/A
N/A
N/A
Loan Amount $35,000 - $49,999
Cash Out - Credit Score 700 - 719
0.000
0.625
0.625
0.750
1.500
N/A
N/A
N/A
States: IL, MA, MN, NJ, SC, ND, SD, D.C.
3.750
0.000
Cash Out - Credit Score 680 - 699
0.000
0.750
0.750
1.375
2.500
N/A
N/A
N/A
States: CT, DE, MD, ME, NH, RI, VA, NC
0.125
Cash Out - Credit Score 660 - 679
0.250
0.750
0.750
1.500
2.500
N/A
N/A
N/A
States: NY, PA
Cash Out - Credit Score 640 - 659
0.750
1.750
1.750
2.750
3.500
N/A
N/A
N/A
States: FL
0.375
Cash Out - Credit Score 620 - 639
0.750
1.750
1.750
3.250
3.500
N/A
N/A
N/A
No Escrows
0.250
ARM
0.000
0.000
0.000
0.000
0.000
0.000
0.250
0.250
Co-op
1.000
Investment Property
1.750
1.750
1.750
3.000
4.750
N/A
N/A
N/A
MyCommunityMortgage (MCM)
0.750
Condos: Term > 15 Years
0.000
0.000
0.000
0.750
0.750
0.750
0.750
0.750
2-Unit Properties
1.000
1.000
1.000
1.000
1.000
N/A
N/A
N/A
3-4 Units
1.000
1.000
1.000
N/A
N/A
N/A
N/A
N/A
High Balance - ARMS
0.750
0.750
0.750
N/A
N/A
N/A
N/A
N/A
High Balance - Cash Out
1.000
N/A
N/A
N/A
N/A
N/A
N/A
N/A
NOTE: LLPAs above do not apply to MCM loans
Lender Paid Comp Options
RATE LOCK POLICY
1.500
1.750
2.000
2.250
2.500
2.750
Lender/Consumer Paid Comp: Points
and fees (including discount points) paid
by Borrower to Lender and/or Broker are
limited to 2.75% of the loan amount.
Line 1 Lender Fee is Zero
0.250
MCM with Subordinate financing
0.500
LTV >95%
0.500
Mortgages with Subordinate Financing (except
MCM)
RATE LOCK EXTENSIONS
35 Day
Loan must have all conditions
submitted to MIM
7 Day
0.125 point
15 Day
0.375 point
50 Day
Must be stipped by MIM
Only one rate lock extension permitted. Rate must be
extended prior to expiration.
LTV Range CLTV Range
Fees: No underwriting fee, $450 Attorney Fee Expired Rate Locks receive worse case price plus a 0.250
(NY only), $90 Tax Service Fee, $10 Flood Cert point penalty
Fee
Max premium is 5.00% after adjustments
0.250
ARMs are qualified at a rate 1.5% higher than note rate.
Non Interest Only
Credit
Score <
720
0.500
Credit
Score
>=720
0.250
65.01 -75% 80.01 -95%
0.750
0.500
75.01 -95% 90.01 -95%
1.000
0.750
75.01 -90% 76.01 -90%
1.000
≤ 65.00%
≤ 95.00%
80.01 -95%
95.01 -97%
0.750
1.50%
Lender Paid Mortgage Insurance - Price Adjustments
LTV
95% to
90.01%
90% to 85.1%
85% and
Under
Regional Office
Coverage
Fico
740+
720-739
680-719
<680
35%
2.625
2.750
3.875
4.875
30%
2.250
2.500
3.375
25%
1.750
2.250
3.000
16%
1.500
2.000
30%
1.625
25%
Adjustments
Fico
740+
720-739
680-719
<680
Rate and Term Refi
0.000
0.000
0.625
1.125
4.375
Cash Out Refinance
0.500
0.700
1.000
1.500
4.000
Second Homes
0.250
0.500
0.750
1.250
2.625
3.250
Investment
1.190
1.330
1.750
2.630
2.125
2.500
3.125
LA > $417,000
0.500
1.000
1.500
2.250
1.375
1.750
2.250
2.750
State: NY
0.250
0.250
0.250
0.250
17%
1.250
1.625
1.875
2.250
12%
1.125
1.500
1.625
2.000
25%
1.375
1.625
1.750
2.625
17%
1.250
1.375
1.625
2.125
12%
1.125
1.250
1.500
1.750
1.000
1.125
1.375
6%
400 W. Cummings Park, Suite 5800, Woburn, MA 01801
Note: 3/1 ARM is not allowed.
1.500
Corporate Headquarters
900 Merchants Concourse, Westbury, NY 11590
Legal © 2000-2015 Mid-Island Mortgage Corp.® (MIM). All Rights Reserved. Equal Housing Lender. This is not a commitment to lend. Restrictions apply. Provided to HUD/FHA approved and state authorized mortgage professionals and not intended for public
distribution Prices and Guidelines subject to change without notice.
notice This rate sheet / credit matrix is for reference purposes only.
only MIM underwrites all "Advantage"
4155 1 and 4155.2.
4155 2 Any deviation from
distribution.
Advantage loans in accordance with the FHA handbook section 4155.1
qualifying ratio guidelines must demonstrate strong compensating factors contributing to the borrower’s ability to repay the mortgage. The use of the word "Advantage" in context with the FHA loan is not approved by HUD or the FHA. "Advantage" loans are
priced higher due to applicants having poorer credit scores and are differentiated due to the high level of credit qualifying overlays.
NMLS # 1259 Licensed Mortgage Banker - NYS Banking Department; MA Licensed Mortgage Lender/Broker #MC1259; Licensed by the NH Banking Department; CT, MD, and MN Licensed Lender; Licensed by the NJ Department of Banking and Insurance;
FL Mortgage Lender Servicer; ME Licensed Supervised Lender; Licensed by PA Department of Banking; Virginia State Corporation Commission #MC-4685;RI Licensed Lender/Broker: SCBOFI Mortgage Lender/Servicer, Illinois Residential Mortgage Licensee,
Licensed with the North Carolina Commissioner of Banks, ND Money Broker, SD Licensed Lender, DC Mortgage Dual Authority Licensee, Licensed by the Delaware State Bank Commissioner to Engage in Business in this State, License # 9680 Expiration Date
12/31/14
Daily Rate Sheet
Conforming DU RefiPlus
Wholesale
2/6/15
solid, established, reliable - since 1959
10:10am
Conforming DU Approve Eligible Required
30 Year Fixed Rate - Standard Loan Limit
20 Year Fixed Rate - Standard Loan Limit
15 Year Fixed Rate - Standard Loan Limit
10 Year Fixed Rate - Standard Loan Limit
Rate
35 Day
50 Day
Rate
35 Day
50 Day
Rate
35 Day
50 Day
Rate
35 Day
3.375
0.590
0.759
3.250
0.395
0.564
3.000
(1.880)
(1.761)
2.500
0.723
50 Day
0.859
3.500
(0.275)
(0.106)
3.375
(0.461)
(0.292)
3.125
(2.575)
(2.457)
2.625
(0.349)
(0.223)
3.625
(1.281)
(1.112)
3.500
(1.316)
(1.147)
3.250
(3.004)
(2.887)
2.750
(0.944)
(0.820)
3.750
(2.177)
(2.008)
3.625
(2.172)
(2.003)
3.375
(3.494)
(3.376)
2.875
(1.539)
(1.417)
3.875
(2.793)
(2.624)
3.750
(2.887)
(2.718)
3.500
(4.043)
(3.925)
3.000
(2.133)
(2.014)
4.000
(3.435)
(3.266)
3.875
(3.391)
(3.222)
3.625
(4.520)
(4.403)
3.125
(2.690)
(2.572)
4.125
(4.103)
(3.934)
4.000
(3.894)
(3.726)
3.750
(4.756)
(4.644)
3.250
(3.167)
(3.049)
4.250
(4.695)
(4.530)
4.125
(4.398)
(4.229)
3.875
(4.992)
(4.884)
3.375
(3.643)
(3.525)
4.375
(5.149)
(4.994)
4.250
(4.882)
(4.717)
4.000
(5.229)
(5.125)
3.500
(4.120)
(4.002)
4.500
(5.603)
(5.458)
4.375
(5.336)
(5.181)
4.125
(5.391)
(5.290)
3.625
(4.520)
(4.403)
30 Year Fixed Rate - High Balance
15 Year Fixed Rate - High Balance
15 Yr Fix DU Refi Plus 105.01-125 LTV
30/20 Yr Fix DU Refi Plus 105.01-125 LTV
Rate
35 Day
50 Day
Rate
35 Day
50 Day
Rate
35 Day
50 Day
Rate
35 Day
3.375
2.496
2.665
3.000
(1.024)
(0.905)
3.125
0.084
0.203
3.375
4.189
50 Day
4.358
3.500
1.498
1.667
3.125
(1.825)
(1.707)
3.250
(0.923)
(0.805)
3.500
3.153
3.322
2.144
3.625
0.360
0.529
3.250
(2.254)
(2.137)
3.375
(1.461)
(1.344)
3.625
1.975
3.750
(0.571)
(0.402)
3.375
(2.744)
(2.626)
3.500
(2.060)
(1.942)
3.750
0.657
0.826
3.875
(1.078)
(0.909)
3.500
(3.293)
(3.175)
3.625
(2.718)
(2.601)
3.875
(0.546)
(0.377)
4.000
(1.610)
(1.441)
3.625
(3.700)
(3.583)
3.750
(3.280)
(3.163)
4.000
(1.459)
(1.290)
4.125
(2.169)
(2.000)
3.750
(3.717)
(3.605)
3.875
(3.547)
(3.435)
4.125
(2.398)
(2.229)
4.250
(2.635)
(2.471)
3.875
(3.735)
(3.627)
4.000
(3.815)
(3.707)
4.250
(3.363)
(3.194)
4.375
(2.941)
(2.786)
4.000
(3.752)
(3.649)
4.125
(4.082)
(3.979)
4.375
(4.239)
(4.074)
4.500
(3.247)
(3.101)
4.125
(3.706)
(3.605)
4.250
(4.281)
(4.180)
4.500
(4.958)
(4.803)
5/1 Libor ARM - 2.25 Margin - 5/2/5 Caps
ARM Plan
2737
15 Yr Fix DU Refi Plus 125+ LTV
7/1 LIBOR ARM - 2.250 Margin - 5/2/5 Caps
ARM Plan
2727
30/20 Yr Fix DU Refi Plus 125+ LTV
Index Value
0.625
Index Value
0.625
Rate
35 Day
50 Day
Rate
35 Day
50 Day
Rate
35 Day
50 Day
Rate
35 Day
50 Day
3.500
(0.679)
(0.561)
3.625
3.050
3.219
2.875
1.698
1.852
3.125
1.884
2.039
3.625
(1.415)
(1.298)
3.750
1.685
1.854
3.000
1.315
1.469
3.250
1.453
1.607
3.750
(2.050)
(1.933)
3.875
0.469
0.638
3.125
0.932
1.086
3.375
1.063
1.217
3.875
(2.380)
(2.267)
4.000
(0.404)
(0.235)
3.250
0.569
0.724
3.500
0.672
0.826
4.000
(2.710)
(2.602)
4.125
(1.304)
(1.135)
3.375
0.249
0.403
3.625
0.281
0.435
4.125
(3.040)
(2.936)
4.250
(2.230)
(2.061)
3.500
(0.071)
0.083
3.750
(0.094)
0.060
4.250
(3.281)
(3.180)
4.375
(3.092)
(2.927)
3.625
(0.392)
(0.237)
3.875
(0.454)
(0.300)
4.375
(3.331)
(3.230)
4.500
(3.835)
(3.680)
3.750
(0.702)
(0.548)
4.000
(0.813)
(0.659)
4.500
(3.382)
(3.281)
4.625
(4.578)
(4.433)
3.875
(0.991)
(0.837)
4.125
(1.173)
(1.018)
4.625
(3.433)
(3.332)
4.750
(5.321)
(5.186)
Loan Level Price Adjustments - All Mortgages - All Adjustments are cumulative
<=
60.00%
60.01 70.00%
70.01 75.00%
75.01 80.00%
80.01 85.00%
85.01 90.00%
90.01 95.00%
95.01 105.00%
105% +
Term > 15 Yrs; Credit Score >= 740
(0.250)
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
Price Adjustments - All Adjustments are
cumulative (not included in max adjustment
cap)
Term > 15 Yrs; Credit Score 720 - 739
(0.250)
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
Loan Amount $500,000+
0.000
Term > 15 Yrs; Credit Score 700 - 719
(0.250)
0.500
0.500
0.500
0.500
0.500
0.500
0.500
0.500
Loan Amount $425,000 - $499,999
0.150
Term > 15 Yrs; Credit Score 680 - 699
0.000
0.500
0.750
0.750
0.750
0.750
0.750
0.500
0.500
Loan Amount $350,000 - $424,999
0.185
Term > 15 Yrs; Credit Score 660 - 679
0.000
1.000
1.500
1.750
1.750
1.750
1.750
1.250
1.250
Loan Amount $300,000 - $349,999
0.250
Term > 15 Yrs; Credit Score 640 - 659
0.500
1.250
2.000
2.250
2.250
2.250
2.250
1.750
1.750
Loan Amount $250,000 - $299,999
0.275
Term > 15 Yrs; Credit Score 620 - 639
0.500
1.500
2.500
2.750
2.750
2.750
2.750
2.500
2.500
Loan Amount $200,000 - $249,999
0.350
High LTV - Over 25 Yrs up to 30 Yrs
0.000
0.000
0.000
0.000
0.000
0.000
0.000
1.000
1.000
Loan Amount $150,000 - $199,999
0.450
High LTV - Over 15 Yrs up to 25 Yrs
0.000
0.000
0.000
0.000
0.000
0.000
0.000
1.000
0.500
Loan Amount $100,000 - $149,999
1.000
High LTV <= 15 Yrs
0.000
0.000
0.000
0.000
0.000
0.000
0.000
1.000
0.500
Loan Amount $50,000 - $99,999
2.375
ARM
0.000
0.000
0.000
0.000
0.000
0.000
0.250
0.250
0.250
Loan Amount $35,000 - $49,999
3.750
Investment Property
1.750
1.750
1.750
3.000
3.750
3.750
3.750
3.750
3.750
No Escrows
0.250
Condos: Term > 15 Years
0.000
0.000
0.000
0.750
0.750
0.750
0.750
0.750
0.750
States: IL, MA, MN, NJ, SC, ND, SD, D.C.
0.000
2-4 Unit Properties
1.000
1.000
1.000
1.000
1.000
1.000
1.000
1.000
1.000
States: CT, DE, MD, ME, NH, RI, VA, NC
0.125
High Balance - ARM
0.750
0.750
0.750
1.500
1.500
1.500
1.500
1.500
1.500
States: NY, PA
0.250
States: FL
0.375
Lender Paid Comp Options
RATE LOCK POLICY
1.500
1.750
2.000
2.250
2.500
2.750
Lender/Consumer Paid Comp: Points
and fees (including discount points) paid
by Borrower to Lender and/or Broker are
limited to 2.75% of the loan amount.
Line 1 Lender Fee is Zero
Loan must have all conditions
submitted to MIM
7 Day
0.125 point
15 Day
0.375 point
50 Day
Must be stipped by MIM
Only one rate lock extension permitted. Rate
must be extended prior to expiration.
Max premium is 5.00% after adjustments
1.000
Coops
1.000
RATE LOCK EXTENSIONS
35 Day
Fees: No underwriting fee, $450 Attorney Fee
(NY only), $90 Tax Service Fee, $10 Flood Cert
Fee
Fico < 660
Mortgages with Subordinate Financing
LTV Range CLTV Range
Non Interest Only
Credit
Score
>=720
0.250
0.250
Expired Rate Locks receive worse case price
plus a 0.250 point penalty
65.01 -75% 90.01 -95%
Credit
Score <
720
0.500
75.01 -95% 90.01 -95%
0.500
ARMs are qualified at a rate 1.5% higher than
note rate.
75.01 -90% 76.01 -90%
0.250
0.000
1.500
1.500
Any
>95%
Maximum Price Adjustment for DU Refi Plus Primary Residence and LTV ≤ 80% or ALL Investment and Second Homes (ALL LTVs) = 2.000
Maximum Price Adjustment DU Refi Plus and LTV > 80% with Term > 20 Yrs = 0.750
Maximum Price Adjustment for DU Refi Plus and LTV > 80% with Term <= 20 Yrs = 0.000
Regional Office
400 W. Cummings Park, Suite 5800, Woburn, MA 01801
Corporate Headquarters
900 Merchants Concourse, Westbury, NY 11590
Legal © 2000-2015 Mid-Island Mortgage Corp.® (MIM). All Rights Reserved. Equal Housing Lender. This is not a commitment to lend. Restrictions apply. Provided to HUD/FHA approved and state authorized mortgage professionals and not intended for public
distribution. Prices and Guidelines subject to change without notice. This rate sheet / credit matrix is for reference purposes only. MIM underwrites all "Advantage" loans in accordance with the FHA handbook section 4155.1 and 4155.2. Any deviation from
qualifying ratio guidelines must demonstrate strong compensating factors contributing to the borrower’s ability to repay the mortgage. The use of the word "Advantage" in context with the FHA loan is not approved by HUD or the FHA. "Advantage" loans are
priced higher due to applicants having poorer credit scores and are differentiated due to the high level of credit qualifying overlays
overlays.
NMLS # 1259 Licensed Mortgage Banker - NYS Banking Department; MA Licensed Mortgage Lender/Broker #MC1259; Licensed by the NH Banking Department; CT, MD, and MN Licensed Lender; Licensed by the NJ Department of Banking and Insurance;
FL Mortgage Lender Servicer; ME Licensed Supervised Lender; Licensed by PA Department of Banking; Virginia State Corporation Commission #MC-4685;RI Licensed Lender/Broker: SCBOFI Mortgage Lender/Servicer, Illinois Residential Mortgage Licensee,
Licensed with the North Carolina Commissioner of Banks, ND Money Broker, SD Licensed Lender, DC Mortgage Dual Authority Licensee, Licensed by the Delaware State Bank Commissioner to Engage in Business in this State, License # 9680 Expiration Date
12/31/14
Daily Rate Sheet
solid, established, reliable - since 1959
Freddie Mac Wholesale
2/6/15
10:10am
Conforming LP Accept Eligible Required
30 Year Fixed Rate
20 Year Fixed Rate
15 Year Fixed Rate
Rate
35 Day
50 Day
Rate
35 Day
50 Day
Rate
35 Day
3.875
(2.168)
(2.061)
3.750
(2.750)
(2.643)
2.625
0.033
0.099
4.000
(2.856)
(2.728)
3.875
(3.240)
(3.134)
2.750
(0.493)
(0.427)
4.125
(3.600)
(3.472)
4.000
(3.549)
(3.422)
2.875
(1.106)
(1.020)
4.250
(4.325)
(4.198)
4.125
(4.237)
(4.110)
3.000
(1.832)
(1.746)
4.375
(4.815)
(4.687)
4.250
(4.888)
(4.760)
3.125
(2.457)
(2.371)
4.500
(4.877)
(4.729)
4.375
(5.326)
(5.199)
3.250
(2.906)
(2.820)
4.625
(5.578)
(5.430)
4.500
(5.622)
(5.474)
3.375
(3.241)
(3.135)
4.750
(6.276)
(6.128)
4.625
(6.258)
(6.110)
3.500
(3.872)
(3.766)
4.875
(6.744)
(6.596)
4.750
(6.901)
(6.753)
3.625
(4.457)
(4.350)
(6.641)
(6.473)
5.000
3/1 Libor ARM - 2.25 Margin - 2/2/6 Caps
Index Value
0.625
50 Day
(7.343)
(7.196)
3.750
(4.889)
(4.782)
4.875
5/1 LIBOR ARM - 2.250 Margin - 2/2/6 Caps 7/1 LIBOR ARM - 2.250 Margin - 5/2/5 Caps
Index Value
Index Value
0.625
0.625
Rate
35 Day
50 Day
Rate
35 Day
50 Day
Rate
35 Day
50 Day
2.500
(0.998)
(0.922)
2.875
(0.522)
(0.431)
3.000
(0.684)
(0.588)
2.625
(1.090)
(1.009)
3.000
(0.863)
(0.766)
3.125
(0.947)
(0.845)
2.750
(0.726)
(0.640)
3.125
(1.204)
(1.102)
3.250
(1.211)
(1.104)
2.875
(0.627)
(0.536)
3.250
(1.825)
(1.718)
3.375
(1.474)
(1.362)
3.000
(0.986)
(0.889)
3.375
(2.283)
(2.171)
3.500
(1.736)
(1.619)
3.125
(1.344)
(1.242)
3.500
(2.461)
(2.344)
3.625
(1.999)
(1.876)
3.250
(2.007)
(1.900)
3.625
(2.639)
(2.516)
3.750
(2.345)
(2.217)
3.375
(2.492)
(2.380)
3.750
(2.818)
(2.691)
3.875
(2.643)
(2.510)
3.500
(2.673)
(2.556)
3.875
(2.997)
(2.864)
4.000
(2.856)
(2.718)
Loan Level Price Adjustments - All Mortgages - All Adjustments are cumulative
Price Adjustments - All Mortgages except Relief Refi Mortgages - All Adjustments are cumulative
LTV range
Term
Term
Term
Term
Term
Term
Term
>
>
>
>
>
>
>
15
15
15
15
15
15
15
Cash
Cash
Cash
Cash
Cas
Cash
Cash
Cash
Out;
Out;
Out;
Out;
Out;
Out;
Out;
Yrs;
Yrs;
Yrs;
Yrs;
Yrs;
Yrs;
Yrs;
Credit
Credit
Credit
Credit
Credit
Credit
Credit
Credit
Credit
Credit
C
Credit
ed t
Credit
Credit
Credit
Score
Score
Score
Score
Score
Score
Score
Score
Score
Score
Sco
Score
e
Score
Score
Score
>= 740
720 - 739
700 - 719
680 - 699
660 - 679
640 - 659
620 - 639
>= 740
720 - 739
700 - 719
680 - 699
660 - 679
640 - 659
620 - 639
High Balance - Cash out
<=
60.00%
(0.250)
(0.250)
(0.250)
0.000
0.000
0.500
0.500
60.01 70.00%
0.000
0.000
0.500
0.500
1.000
1.250
1.500
70.01 75.00%
0.000
0.250
0.750
1.250
2.250
2.750
3.000
75.01 80.00%
0.250
0.500
1.000
1.750
2.750
3.000
3.000
80.01 85.00%
0.250
0.500
1.000
1.500
2.750
3.250
3.250
0.000
0.000
0.000
0.000
0
000
0.250
0.750
0.750
0.250
0.625
0.625
0.750
0
50
0.750
1.750
1.750
0.250
0.625
0.625
0.750
0
50
0.750
1.750
1.750
0.500
0.750
0.750
1.375
3 5
1.500
2.750
3.250
N/A
N/A
N/A
N/A
/
N/A
N/A
N/A
N/A
N/A
N/A
N/A
/
N/A
N/A
N/A
1.000
1.000
1.000
N/A
N/A
N/A
Price Adjustments - ALL Mortgages Adjustments are cumulative (not included in
max adjustment cap)
>85.00%
0.250
0.500
1.000
1.250
2.250
2.750
3.250
Loan Amount
Loan Amount
Loan Amount
Loan Amount
Loan Amount
Loan Amount
Loan Amount
Loan Amount
Loan Amount
Loan Amount
No
o Escrows
sc o s
Term
Term
Term
Term
Term
Term
Term
>
>
>
>
>
>
>
15
15
15
15
15
15
15
Yrs;
Yrs;
Yrs;
Yrs;
Yrs;
Yrs;
Yrs;
Credit
Credit
Credit
Credit
Credit
Credit
Credit
Score
Score
Score
Score
Score
Score
Score
>= 740
720 - 739
700 - 719
680 - 699
660 - 679
640 - 659
620 - 639
LTV range
High LTV
<=
60.00%
(0.250)
(0.250)
(0.250)
0.000
0.000
0.500
0.500
60.01 70.00%
0.000
0.000
0.500
0.500
1.000
1.250
1.500
70.01 75.00%
0.000
0.250
0.750
1.250
2.250
2.750
3.000
75.01 80.00%
0.250
0.500
1.000
1.750
2.750
3.000
3.000
80.01 85.00%
0.000
0.000
0.500
1.000
2.250
2.750
2.750
States: NY, PA
States: FL
Fico < 660
ARMs >90%
Mortgages with Subordinate Financing Relief Refi Mortgages Only
>85.00%
LTV Range TLTV Range
0.000
0.000
0.500
0.750
1.750
2.250
2.750
≤ 65%
65.01 -75%
75.01 -80%
75.01 -80%
80.01 -90%
90.01 -95%
ALL
All products
Condos: Term > 15 Years
Investment Property
2 Unit Properties
3-4 Unit Properties
High Balance - ARM - Purchase/Rate Term
High Balance - ARM - Cash out
1.500
1.750
2.000
2.250
2.500
2.750
Lender/Consumer Paid Comp: Points
and fees (including discount points) paid
by Borrower to Lender and/or Broker are
limited to 2.75% of the loan amount.
Line 1 Lender Fee is Zero
Regional Office
<=
60.00%
0.250
0.000
1.750
1.000
1.000
0.750
1.750
60.01 70.00%
0.250
0.000
1.750
1.000
1.000
0.750
1.750
70.01 75.00%
0.250
0.000
1.750
1.000
1.000
0.750
1.750
75.01 80.00%
0.250
0.750
3.000
1.000
1.000
1.500
N/A
RATE LOCK POLICY
Lender Paid Comp Options
80.01 - 95%
80.01 -95%
76.01 -90%
90.01 -95%
81.01 -95%
90.01 -95%
>95%
Credit
Score <
720
Credit
Score
>=720
0.500
0.750
1.000
1.000
1.000
0.500
1.500
0.250
0.500
0.750
0.750
0.500
0.250
1.500
>95.01% - 97.01% 97%
105%
0.500
1.000
Mortgages with Subordinate Financing Except Relief Refi Mortgages
Price Adjustments - ALL Mortgages - All Adjustments are cumulative (see additional adjustments to the right)
LTV range
0.000
0.150
0.185
0.250
0.275
0.350
0.450
1.000
2.375
3.750
0.250
0
50
0.000
0.125
0.250
0.375
1.000
0.250
States: IL, MA, MN, NJ, SC, ND, SD, D.C.
States: CT, DE, MD, ME, NH, RI, VA, NC
Price Adjustments - Relief Refi Mortgages - All Adjustments are cumulative
LTV range
$500,000+
$425,000 - $499,999
$350,000 - $424,999
$300,000 - $349,999
$250,000 - $299,999
$200,000 - $249,999
$150,000 - $199,999
$100,000 - $149,999
$50,000 - $99,999
$35,000 - $49,999
35 Day
Loan must have all conditions
submitted to MIM
50 Day
Must be stipped by MIM
80.01 85.00%
0.250
0.750
3.750
1.000
1.500
1.500
N/A
LTV Range TLTV Range
>85.00%
0.250
0.750
3.750
1.000
2.000
1.500
N/A
≤ 65%
65.01
75.01
75.01
80.01
RATE LOCK EXTENSIONS
7 Day
80.01% & ≤ 95%
80.01
76.01
90.01
81.01
-95%
-90%
-95%
-95%
Credit
Score
>=720
0.500
0.750
1.000
1.000
1.000
0.250
0.500
0.750
0.750
0.750
Price Adjustment Caps for Relief Refi
Mortgages
0.125 point
15 Day
0.375 point
Only one rate lock extension permitted. Rate
must be extended prior to expiration.
Fees: No underwriting fee, $450 Attorney Fee
(NY only), $90 Tax Service Fee, $10 Flood Cert
Expired Rate Locks receive worse case price
plus a 0.250 point penalty
Max premium is 5.00% after adjustments
ARMs are qualified at a rate 1.5% higher than
note rate.
400 W. Cummings Park, Suite 5800, Woburn, MA 01801
-75%
-80%
-80%
-90%
Credit
Score <
720
Primary Residence and LTV ≤ 80% or ALL Investment and
Second Homes (ALL LTVs) = 2.000
Primary Residences LTV > 80% with Term > 20 Yrs = 0.750
Primary Residence LTV > 80% with Term <= 20 Yrs =
0.000 (Does NOT apply to ARMs)
Corporate Headquarters
900 Merchants Concourse, Westbury, NY 11590
Legal © 2000-2015 Mid-Island Mortgage Corp.® (MIM). All Rights Reserved. Equal Housing Lender. This is not a commitment to lend. Restrictions apply. Provided to HUD/FHA approved and state authorized mortgage professionals and not intended for public
distribution. Prices and Guidelines subject to change without notice. This rate sheet / credit matrix is for reference purposes only. MIM underwrites all "Advantage" loans in accordance with the FHA handbook section 4155.1 and 4155.2. Any deviation from
qualifying ratio guidelines must demonstrate strong compensating factors contributing to the borrower’s ability to repay the mortgage. The use of the word "Advantage" in context with the FHA loan is not approved by HUD or the FHA. "Advantage" loans are
priced higher due to applicants having poorer credit scores and are differentiated due to the high level of credit qualifying overlays.
NMLS # 1259 Licensed Mortgage Banker - NYS Banking Department; MA Licensed Mortgage Lender/Broker #MC1259; Licensed by the NH Banking Department; CT, MD, and MN Licensed Lender; Licensed by the NJ Department of Banking and Insurance;
FL Mortgage Lender Servicer; ME Licensed Supervised Lender; Licensed by PA Department of Banking; Virginia State Corporation Commission #MC-4685;RI Licensed Lender/Broker: SCBOFI Mortgage Lender/Servicer, Illinois Residential Mortgage Licensee,
Licensed with the North Carolina Commissioner of Banks, ND Money Broker, SD Licensed Lender, DC Mortgage Dual Authority Licensee, Licensed by the Delaware State Bank Commissioner to Engage in Business in this State, License # 9680 Expiration Date
12/31/14