Real estate blog entries tagged with conforming rate adjustments by Chaz Ramirez (DE Underwriter, Trainer, HUD Title II Approval Consultant )

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Home : Blogs : Chaz Ramirez : Chaz Ramirez's Blog : Tag "conforming rate adjustments"

conforming rate adjustments: Conforming Credit Score Adjustments (LLPAs) Killing your Bottom Line??? - 03/28/08 02:22 PM

Conforming Credit Score Adjustments (LLPAs) killing your bottom line??
Can FHA work for your Conforming Customers? With new conforming Loan Level Price Adjustments (LLPAs) which are determined based on representative credit scores it certainly can...and it could be a better choice! Let's take a look.
The chart below is Fannie Mae's LLPA Matrix (Updated March 14, 2008) Click Here for web version.
Let's start a scenario for demonstration purposes (Grab your rate sheets)
Applicant has a 675 middle score. Is purchasing a $265,000.00 home in Georgia with a 5% down payment, has 2 months reserves, and ratios of 33/45 at the Loan Amount of … (3 comments)

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Chaz Ramirez

Atlanta, GA

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DE Underwriter, Trainer, HUD Title II Approval Consultant

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March 2008 (9)

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