Untitled Post
Post date: Feb 16, 2011 5:41:12 PM
BankerBroker.com
"Think USDA RD First"
BanekrBroker.com
RURAL HOUSING
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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 GRH LOANS
Are Net Priced
Improve price by .25
Improve price by .15
No price adjustment
No price adjustment
Reduce price by .15
Reduce price by .25
Not Allowed
Credit Score >640
Score <640
No Credit Socre either
No Adjustment
Reduce 1.00 to pricing
Minimum Loan
USDA GRH State Adjustments
NY PA RI TX
AR GA IN KS MI MN NC OK VT WI
AL CT FL IL IA KY LA ME
MO MS ND NE NH OH OR SD TN WV
CA CO DE MA MD MT NM VA WY
AZ ID NV NJ OR UT WA
Hawaii, Alaska, South Carolina
USDA GRH Loan Size & Credit Score Adjustments
No Adjustments
Reduce Prioce by .15
Reduce Price by 3.00
>$55,001
$50,000-$55,000
$50,000
We Love Phone Calls!!
Call Our Sales Team Today!!
***Closed 2/21 for Presidents Day***
www.BankerBroker.com
"Think USDA-RD First!!"
**Current Service 24-48 Hours**
Fees for All USDA Loans-Total $799
Lender Fee=$1714
Tax Service Fee:$73.00
Flood Cert $12.00
Escrows Required on all USDA Loans
Your 24-48 Hour Lender
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
Will Allow No Score Borrowers but 3.00% adjustment.
Will not make any exception to borrowers under 620.
SFR 1 Unit only.
No multi unit, N/O/O, or Commercial.
Each borrower can only own 1 property.
No Manufactured home allowed
GRH Maximum Note Rate: 5.50%
CNB National Landing will purchase all USDA GRH loans where a "subject to " Contional Commitment (USDA Form 1980-18) has been issued
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:
Lock Expiration Calendar
USDA@BankerBroker.com
10 Day
25 Day
40 Day
55 Day
2/28/11
3/14/11
3/25/11
4/13/11
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.
*Locks must be received before 5:00 PM CST Weekdays.USDA Extension Fees
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.