Are you giving your borrower the best rate and deal?  Don’t leave money on the table for your borrowers!

What are the benefits?

• AMI Waiver on all loans submitted as HomeReady or Home Possible
• Lower MI than any other program when your LTV >90%
• No FTHB requirement
• HomeReady and Home Possible are going to have the best price and the best fees or MI available from Fannie or Freddie. Switch your lock!

The Secondary Team will be providing a report to help you identify opportunity on existing locks. Let’s get in the habit of taking advantage of these programs! 

Before you lock your loan – read the Notes and Advisories in Optimal Blue to identify opportunities.

• Anything under 80% annual qualifying income will work
• When you have under 80% AMI – make sure you click Affordable in the Optimal Blue search to get the best execution for your borrower

Remember to rerun your loan through DU or LP choosing HomeReady or Home Possible for your program.