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posted Feb 16, 2011, 9:41 AM by Massey Kouhssari
BankerBroker.com
"Think USDA RD First"
BanekrBroker.com
RURAL HOUSING 
Our Website Requires No Password or Sign On for more information, click here for our website!
Date:  2-16-2011
INITIAL PRICING
Time  9:00 AM
USDA-RD 
We offer USDA in all States but Alaska, Hawaii & South Carolina.  24 Hour Turn Times Every Day!!

 
ATTENTION:   The 580+ FHA Product is now AVAILABLE!
 
This is available for the following states: AL, AR, GA, KY, LA, MS, OK, SC, TN, TX.
We will roll more states out later, please keep watching form more details.
 
If you are in AL, AR, GA, KY, LA, MS, OK, SC, TN, or TX and would like to offer FHA loans down to 580 please email USDA@bankerBroker.com. comand they will send you out the welcome kits when available!!
 
Please feel free to call or email on our National USDA product or our FHA Product!
877-410-6663
USDA Guaranteed Rural Housing 30 Year Fixed
Lock Days
10 Day
25 Day
40 Day
55 Day
 
   
 
4.500
97.58997.40197.213
97.026
4.625
98.30898.12097.932
97.745
4.750
99.40999.22199.033
98.846
4.850
100.224100.03699.848
99.661
5.000
100.982100.794100.606
100.419
5.125
101.643101.455101.267
101.080
5.250102.494
102.306
102.118
101.931
5.375
102.933
102.745
102.557
102.370
5.500  103.438 103.250 103.062
102.875
   
 
 
 
 
 
 
 
 
 
Loan Program CNB RD01
We Love Phone Calls!!
Call Our Sales Team Today!!
***Closed 2/21 for Presidents Day***
USDA GRH LOANS 
Are Net Priced
USDA GRH State Adjustments
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Improve price by .25NY PA RI TX
Improve price by .15AR GA IN KS MI MN NC OK VT WI
No price adjustmentAL CT FL IL IA KY LA ME
No price adjustmentMO MS ND NE NH OH OR SD TN WV
Reduce price by .15CA CO DE MA MD MT NM VA WY 
Reduce price by .25AZ ID NV NJ OR UT WA
Not AllowedHawaii, Alaska, South Carolina
 USDA GRH Loan Size & Credit Score Adjustments
Credit Score >640No Adjustments
Score <640         Reduce Prioce by .15
No Credit Socre eitherReduce Price by 3.00
        
 No Adjustment          >$55,001 
Reduce 1.00 to pricing$50,000-$55,000
Minimum Loan$50,000
 
 
www.BankerBroker.com

"Think USDA-RD First!!"
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**Current Service 24-48 Hours**
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Fees for All USDA Loans-Total $799

Lender Fee=$1714
Tax Service Fee:$73.00
Flood Cert $12.00
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Escrows Required on all USDA Loans
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Your 24-48 Hour Lender
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SERVICE LEVELS:

Underwriting/Stips: 24-48 Hours
Closing: 24-48 hours after Q/C & RD cleared
Final USDA: Depends on local USDA offices.

Ask about our Fast Track Service that guarantees you 24 Hour Service or less on all your USDA Files!
Main borrower must have 620.
All Co Borrows must have minium 620 Score
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Will Allow No Score Borrowers but 3.00% adjustment.
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Will not make any exception to borrowers under 620.
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SFR 1 Unit only.
No multi unit, N/O/O, or Commercial.
Each borrower can only own 1 property.
No Manufactured home allowed
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CNB National Landing will purchase all USDA GRH loans where a "subject to " Contional Commitment (USDA Form 1980-18) has been issued
GRH Maximum Note Rate: 5.50%
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We have Funding for 2011 USDA Purchases and USDA Refinances! The purchase fee is 3.50% and refi fee is 1.00%Brokers may not exceed this rate. The "maximum" interest rate as defined in RD Instruction 1980.320 is defined on the date the loan is locked
CNB National Lending Sales Team:
USDA@BankerBroker.com
Lock Expiration Calendar
10 Day
2/28/11
25 Day
3/14/11
40 Day
3/25/11
55 Day
4/13/11
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Loans must close and fund by lock expiration date
All 10 day locks must have the USDA-RD office approval prior to locking. All other locks must have our underwriting approval prior to locking.
Loans can only be extended a maximum of two times. On expired locks less than 30 days all re-locks are subject to the Extension Fee, listed below. Expired locked re-locked subject to worse case pricing PLUS the Extension Fee. Minimum Extension 15 days. Locks >30 days expired, no extension fee and current rates.
USDA Extension FeesDAYSCOST
 10 Days0.1875%
Existing Price25 Days0.3750%
worsened by cost of40 Days0.5625%
Extension Fee55 Days0.7500%

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*Locks must be received before 5:00 PM CST Weekdays.USDA Extension Fees
ratelocks@BanekrBroker.com
This information is intended for mortgage professionals only and may not be given to individuals who are entitled to a more complete disclosure under any circumstances. All rates, fees and programs are subject to change without notice.
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