Wholesale Mortgage Rates

All HELOC and HEIL Product Types:

Loan Size Adjustments		Credit Score Loan Size Restrictions
≤ 80%	$500,000	660 - 679	$100,000	DTI Max 45%
80.01% - 85.00%	$300,000	680-699	$250,000	Floor = 3.99%
85.01% - 89.99%	$250,000			Prime = 6.75%
90.00% - 95.00%	$175,000	over 95%: $100,000	Min. loan size: $10,000

Primary only to 100%** secondary residence to 89.99% CLTV max ** Future value/2nd home loans rate increase=.25%* ** Bridge Financing = HELOC rate fixed for 12mths with I/O payments ** Bridge Financing max CLTV=89.99% (700+, 680-699 cap of 85%)  ** N/O/O—-max CLTV of 75%, max $150,000, .50% origination fee, .75% increase to pricing, min. mid score 700 all borrowers, 1-4 unit ** 25 Year Amortization add .15% to rate ** 5/1 Arm add .25% to rate ** 95.01%-100% loan to value only for 11 county metro market applies to HELOC and HEIL** ** Rates are based off of the primary wage earner for all products, and secondary must be above product minimum. ** HELOCs Qualify using 1% of loan amount

***80.01-89.99%—-only for 11 county MN metro area—minimum credit for over 80%=680 ** Loan amount determined using the lesser of the sworn plus land value or appraisal value ** Max DTI is 45% ** Debt ratio is calculated using an assumed PITI payment per brokers take out. Taxes are estimated using 1% of appraised value ** Must use a title company that can handle progress inspections and priority photos ** No self-builds allowed ** Required take out letter from lender prior to closing ** 1.0% origination fee on loan amounts $500,000 and under and .75% for loan amounts over $500,000. Term of 12 months – Interest due monthly