Emet Mortgage

Thông tin cơ bản

Chương trình QM

• Conventional
• Home Ready
• Home Possible
• FHA
• FHA Streamline

Loss payee

EMET MORTGAGE, A CALIFORNIA CORPORATION ISAOA/ATIMA 2601 SATURN ST. SUITE 200 BREA, CA 92821

Điều khoản CPL hoặc subordinate

EMET MORTGAGE, A CALIFORNIA CORPORATION ISAOA/ATIMA 2601 SATURN ST. SUITE 200 BREA, CA 92821

Chính sách khóa lãi & phí

Chính sách khóa lãi

Gia hạn khóa lãi

All rate lock extensions require a written request via email to the Lock Desk at lock@emetmortgage.com. The subject line of the email must contain the borrower name, loan number, and Rate Lock Extension Request. Conforming and FHA locks may be extended up to 3 times/30 days at a cost of 3 bps per day, while Non-Agency Jumbo and Non-QM locks may be extended up to 2 times/30 days in increments of 5 days (0.125%/5 days). The extensions cannot be greater than 30 days combined. Additional extensions may be granted on a case-by-case basis depending on market conditions. If an extension request is received and the extended loan will expire on a weekend or holiday, the Lock Desk will require the appropriate additional days at cost. Lock extension fees are cumulative. Conforming and FHA locks may be extended up to 3 times/30 days at a cost of 3 bps per day. If an extension request is received and the extended loan will expire on a weekend or holiday, the Lock Desk will require the appropriate additional days at cost. EXTENSIONS FOR NON-AGENCY JUMBO AND NON-QM: 5 days: 0.125% / 10 days: 0.250% / 15 days: 0.375% (up to 2 times/30 days). Lock extension fees are cumulative.

Khóa lại

All expired locks require a written re-lock request via email to the Lock Desk at lock@emetmortgage.com. The subject line of the email must contain the borrower name, loan number, and Expired Rate Lock Request. Locks expiring on a Saturday, Sunday, or a holiday will be rolled the next business day. The loan that is expired or cancelled less than 30 days, priced at current market or original lock price, whichever is worse-case pricing plus 25 basis points. The term for a re-lock is 15 days. If the lock expiration date is greater than 30 days/45 days(non-qm), then the loan may be relocked at current market pricing. No relock fee will apply and all previous extension costs and concessions will be cleared out.

Lock & Shop

Không

Thế mạnh & overlay của lender

Thế mạnh của lender

On NON-QM products allow:

For loan files with multiple borrowers, the borrower with the higher monthly income is considered the primary borrower and their credit score can be used as the Qualifying Credit Score. When both borrowers are self-employed and jointly own the business, use the highest score amongst the borrowers as the Qualifying Credit Score.

If the primary borrower has three (3) credit scores, the minimum tradeline requirement is waived.

100% Gift Allowed.

DSCR - First‐Time Homebuyer is allowed; Non‐Arm’s Length Transactions allowed

Transferred Appraisal: Allowed

Overlay của lender

Any exception requests will require an appraisal report and the loan to be registered before they can be reviewed.

Thời gian xử lý

Thẩm định ban đầu (ngày)

2

Xét điều kiện CTC (ngày)

1

CD ban đầu (ngày)

1

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