Page5

LOAN PROGRAM PRE-LOCKS? PRE-LOCKS? LOCK CUT- OFF (PST) LOCK CUT- OFF (PST)
AGENCY FIXED & ARM (AGN, HB, AGNP, HBP, CONF, HR, HRHB, HP, SCHP, MAX, MAXHB, H1, MAXRN, AGNRN, AGNRP, MAXRP, 21BD, 21HBD)
30, 45, or 60 days @ “Registered”
15 day lock @ “CTC”
5 PM
0.125- 5 business days 0.250-10 business days (max 2 extensions not to exceed 28 days total)
GOVERNMENT (FHA, VA, USDA)
30, 45, or 60 days @ “Registered”
15 day lock @ “CTC”
5 PM
0.125- 5 business days 0.250-10 business days (max 2 extensions not to exceed 28 days total)
PLATINUM JUMBO1 (PJ, PJE)
Purchase45 days @ “Registered”
Refi- 45 day lock @ “In Underwriting” 30 day lock @ “Approved”
2 PM
0.125- 5 business days (60 days max extension)
ELITE NON-QM & DSCR (EZ, EZB, EZP, EZ99, EZA, EZU, EZD)
x
30 or 45 day lock @ “In Underwriting”
5 PM
0.500- 7 calendar days (7 days max extension)
MEGA VOE AND P&L (MVP, MBP)
x
30 day lock @ “Approved
5 PM
0.250-5 business days (5 days max extension when current market is worse)
GOLD JUMBO (GJ)
Purchase45 days @ “Registered”
Refi- 45 day lock @ “In Underwriting” 30 day lock @ “CTC”
2 PM
0.125-5 business days (30 days max extension)
MEGA FOREIGN NATIONAL (FN)
x
30 day lock @ “In Underwriting”
5 PM
0.500- 7 calendar days (7 days max extension)
DIAMOND JUMBO (DJ)
45 or 60 days @ “Registered”
30 day lock @ “Approved”
4 PM
0.125- 7 calendar days (60 days max extension)
SILVER JUMBO (SJ)
45 or 60 days @ “Registered”
30 day lock @ “Approved”
4 PM
0.150- 7 calendar days (90 day max lock periodincluding original loc
HELOC
x
Locked by MCF @ time of docs
x
x
DSCR+ 1
Purchase45 days @ “Registered”
Refi- 45 day lock @ “In Underwriting” 30 day lock @ “Approved”
2 PM
0.125- 5 business days (60 days max extension)
MVP2
x
15 day lock @ “CTC”
5 PM
x
1 PLATINUM JUMBO/PLATINUM JUMBO EXPRESS/DSCR+ WORST-CASE PRICING POLICY:
• Worst-case pricing applies when:
o The rate lock has expired
o The loan has been cancelled/denied for sixty (60) days or less
o The loan product has changed
• NOTE: Worst-case pricing does not reset the lock period and standard extension fees will be assessed (from the lock expiration date) for the length of the extension needed to close.

Share