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JIMMY
390 Posts |
 Posted - 07/02/2009 : 02:04:12 AM
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| which lenders have aggressive arm pricing? |
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peter
6465 Posts |
Posted - 07/02/2009 : 05:42:39 AM
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B of A Wholesale. I just locked in 4.00% for their 5/1 LIBOR
Arm at 0.25 loan discount for my customer. They were at 3.75%
just about a month ago. Wait a while, and you will be able to lock
it at 3.75% on confirming 5/1 with 30-day lock as rates will likely
go down.
Peter |
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ELI420
88 Posts |
Posted - 07/02/2009 : 09:07:55 AM
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TBW or BOA have great FHA 5/1 ARM pricing. UWM has great FHA 3/1 ARM Pricing
I think the ARM's are coming back here soon. I just sold a customer on 3.875 3/1 FHA ARM... and I was saving $130 per month over the 5.25% fixed. They were happy |
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acassociate
551 Posts |
Posted - 07/02/2009 : 8:54:47 PM
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DIRECT LENDER!
CALIFORNIA, HAWAII, OREGON, NORTH CAROLINA & WASHINGTON!
Give me a call.619.253.4264
Steve Account Exec.
Manhattan Financial Group, Inc.
San Diego, CA 92108
Tel: (619) 253.4264
quote:
Originally posted by JIMMY
which lenders have aggressive arm pricing?
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daronc
1310 Posts |
Posted - 07/02/2009 : 9:28:44 PM
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| 5/1 ARM 3.875% before any add-ons here...... 48 hour turn time...... |
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JIMMY
390 Posts |
Posted - 07/06/2009 : 8:10:34 PM
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| what's b of a's turn time? |
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JCBroker
19 Posts |
Posted - 07/06/2009 : 11:30:55 PM
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I'm 4.125% on a legit two day turn.
3.625 with a one point cost.
Send me the specs. |
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tractor65
46 Posts |
Posted - 07/07/2009 : 08:52:43 AM
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| TBW 5/1 Arm has a great price but the problem is I have to keep extending the rate lock because they can't close and fund in time. B of A is great also but they have really tightened their guidelines on them, plus turn time is about 10 days in underwriting. |
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tractor65
46 Posts |
Posted - 07/07/2009 : 12:00:28 PM
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| Just priced out a 3/1 Arm FHA with UWM. $100,000 loan amount 660 plus score 4% is par on a 15 day lock. My AE says they are getting locks like crazy for streamlines on this product. |
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SSINGH88
673 Posts |
Posted - 07/07/2009 : 1:37:27 PM
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| BofA is your best bet, 5 day turn time on locked loans (they have priority) 8 days for unlocked loans, I would definitely lock today |
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PMFMike
390 Posts |
Posted - 07/07/2009 : 1:38:46 PM
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| Suntrust :) 3.875% PAR |
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