| FHA/VA Plan Types |
All fixed-rate mortgage types
|
| Term |
Up to 30 years fully amortizing
|
| Loan Limits |
FHA/VA conforming
|
| Occupancy |
Owner occupied (one to four units)
|
| Underwriting |
Follow FHA underwriting guidelines (AUS decisions
as permitted by FHA)
|
| Remittance |
Scheduled/scheduled
|
| Commitment Delivery |
3, 10, 20, 30, and 45 business days
|
| Pricing |
Premium and discount pricing available
|
| Servicing Fee |
44 bps
|
| Government Loan Fee |
2 bps
|
| Origination Volume |
$100 million annual production minimum
|
Master-Commitment
Size |
$50 million minimum
|
"Mortgage Partnership Finance"
and "MPF" are registered trademarks of the Federal Home
Loan Bank of Chicago.
|
