Locks Are Best Efforts

All programs have a 640 minimum FICO requirement

* Borrower Assistance will be paid by JPFA at closing. DPA is in the form of a 3-year forgivable 2nd mortgage

** For FHA loans, Borrower income must be =<140% AMI, currently $98,140

For Fannie Mae HFA Preferred and Freddie Mac HFA Advantage loans, income must be =<80% AMI, currently $56,080

Fannie Mae loans with standard MI are available for Borrowers with income over 80% AMI

***Loans MUST BE PURCHASED by US Bank as master servicer NO LATER than 70 days from the Rate Lock Date<

(applies to both rate lock and purchase by servicer)

Lender is permitted to set its own rate lock to the Borrower, as long as it provides sufficient time after closing to account for

loan delivery to and review by U.S. Bank, the clearing of all suspense itemsn and funding withing the 70-day timeline

****SRP paid at the time the loan is purchased

30-day extensions available, $375 Extension Fee

Fee will be netted out of the Purchase Price

Rate Lock-In Process:

Lock requests submitted through eHousing Plus and confirmation will be emailed within 1 hour of submission

MORTGAGE RATES ARE SUBJECT TO CHANGE BASED ON MARKET CONDITIONS

Interest Rate Notice Expires at 7:00 PM CT on the Interest Rate Notice Date

Contact for questions: DeDe Cross 720-673-3947