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Thursday, November 10 2011 01:07 |
News
Great news! Positive changes to some of the loan size adjustments on our rate sheet
Great news! American Financial Resources, Inc. is making positive changes to some of the loan size adjustments on our rate sheet going into effect Friday 11/04/2011.* |
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Loan Size Adjustments
| Loan Size |
Previous Adj. |
New Adjust* |
| $125,000 - $199,999 |
-0.625 |
-0.500 |
| $200,000 - $299,999 |
-0.375 |
0.000 |
| $300,000 - High Balance |
-0.250 |
0.000 |
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We are also adding a NEW FICO adjuster**!
| FICO |
Previous Adj. |
New Adjust* |
| 700+ |
0.000 |
+0.125 |
** To be eligible for the FICO adjuster above, the loan has to be approved as a Premium loan. |
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High Balance Loans are starting at the following base loan amounts:
| Units |
48 States |
AK & HI |
| 1 Unit |
$417,001 |
$625,501 |
| 2 Unit |
$533,851 |
$800,776 |
| 3 Unit |
$645,301 |
$967,951 |
| 4 Unit |
$801,951 |
$1,202,926 |
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Please note that these changes will be in effect for all new locks once rates are released on Friday, November 4th, 2011. You can access our rate sheet by going to our website at www.AFRWholesale.com or accessing our rate sheet directly (Today's Rates).
Please also remember that AFR Wholesale only charges a $10.00 flood cert fee on ALL loans. NO UNDERWRITING, COMMITMENT or LOCK IN FEES!
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