Simple TPO

Basic information

QM program

• Conventional
• Home One
• Home Ready
• Home Possible
• Home Style (Fannie Renovation)
• FHA
• FHA Streamline
• FHA 203(b)
• FHA 203(h)
• FHA 203(k)
• FHA DBA
• Good Neighbor Next Door (FHA 100)
• Doctor Loan
• VA
• VA IRRRL
• VA Renovation
• VA High Balance
• VA Jumbo
• USDA
• USDA Streamline

Loss payee

Title Mortgagee Clause: Everett Financial, Inc., dba Supreme Lending 14801 Quorum Drive, Suite 300, Dallas, TX 75254

CPL or subordinate clause

Hazard and Flood Mortgagee Clause: Everett Financial, Inc., dba Supreme Lending | ISAOA ATIMA P.O. Box 7057, Troy, MI 48007-7057

Lock policies & fees

Lock policies

Lock extension

Lock Cut-off: 5pm EST for jumbo, all other midnight First Extension Adjustments 2.5 bps a day up to 30 days Second Extension Adjustments 5.0 bps a day up to 30 days A maximum of two rate lock extensions or 30 days will be granted per loan. Additional extensions may be granted on a case-by-case basis depending on market conditions. Additional rate lock extensions are not available for the Jumbo loan programs. Jumbo loans will be subject to worse case pricing after the 2nd extension plus the cost of the extension. Rate changes during the lock period are based on pricing from the original lock date.

Relock

Relock – Worst Case pricing plus 10 bps worst case 30 days with a 10 bps relock fee

Lock & Shop

No

Lender's niche & overlays

Lender's niche

Agency loans - FHA, VA, USDA, Conventional

Our FHA DPA program has a forgivable and repayable option and does not have an income requirement or require the borrower to be a FTHB.  Credit score down to 600 with a manual underwrite and no manual hit for any FHA products.   

We excel at FHA 203k and FNMA Homestyle. We also allow repair escrow on all agency products. 

You can always price our deals in PriceQuote.

No credit score required on Fannie or Freddie with Approve/Eligible, down to 600 on FHA.

Lender's overlays

For the most part, we follow AUS. 

Lender turn time

Initial underwrite (days)

1

CTC conditions review (days)

1

Initial CD (days)

1

Reviews