Mortgage Services III, L.L.C.

First State Mortgage

Current Wholesale Rate Sheet

Home Office Ph. #: 888-664-9108 Oakbrook Office Ph. #: 630-396-3553 Pricing E-Fax #: 309-807-0717 Web Site: Pricing E-Mail: fsmpricing@

Rate

3.250% 3.375% 3.500% 3.625% 3.750% 3.875% 3.990% 4.000% 4.125% 4.250% 4.375% 4.500% 4.625%

(Bank & Credit Union Partners Only)

15-Day 30 Day 45 Day 60 Day

Rate

#300000 - 30 Year Fixed * 99.035 98.970 98.915 99.571 99.506 99.451 100.103 100.038 99.983 100.686 100.621 100.566 101.376 101.311 101.256 101.817 101.752 101.697 102.156 102.091 102.036 102.274 102.209 102.154 102.693 102.628 102.573 102.935 102.870 102.815 103.120 103.055 103.000 103.486 103.421 103.366 103.847 103.782 103.727

98.830 99.366 99.898 100.481 101.171 101.612 101.951 102.069 102.488 102.730 102.915 103.281 103.642

3.125% 3.250% 3.375% 3.500% 3.625% 3.750% 3.875% 4.000% 4.125% 4.250% 4.375% 4.500% 4.625%

Market conditions are generally:

(compared to previous price sheet)

Unchanged to Slightly Improved!

October 24, 2019

Rate Sheet Updated as of:

9:30 AM

15-Day 30 Day 45 Day 60 Day

Rate

15-Day 30 Day 45 Day

CONFORMING -- FIXED RATE PROGRAMS

#200000 - 20 Year Fixed

#150000 - 15 Year Fixed *

98.974 98.909 98.854 98.769

3.000% 100.329 100.254 100.179

99.528 99.463 99.408 99.323

3.125% 100.792 100.717 100.642

100.163 100.098 100.043 99.958

3.250% 101.189 101.114 101.039

100.798 100.733 100.678 100.593

3.375% 101.538 101.463 101.388

101.386 101.321 101.266 101.181

3.500% 101.840 101.765 101.690

101.887 101.822 101.767 101.682

3.625% 102.099 102.024 101.949

102.347 102.282 102.227 102.142

3.750% 102.593 102.518 102.443

102.835 102.770 102.715 102.630

3.875% 102.930 102.855 102.780

103.279 103.214 103.159 103.074

4.000% 103.368 103.293 103.218

103.718 103.653 103.598 103.513

4.125% 103.327 103.252 103.177

104.133 104.068 104.013 103.928

4.250% 103.704 103.629 103.554

104.383 104.318 104.263 104.178

4.375% 104.015 103.940 103.865

104.814 104.749 104.694 104.609

4.500% 104.213 104.138 104.063

60 Day

100.094 100.557 100.954 101.303 101.605 101.864 102.358 102.695 103.133 103.092 103.469 103.780 103.978

Rate

15-Day 30 Day 45 Day 60 Day

3.000% 3.125% 3.250% 3.375% 3.500% 3.625% 3.750% 3.875% 4.000% 4.125% 4.250% 4.375% 4.500%

#100000 - 10 Year Fixed 100.470 100.395 100.320 100.970 100.895 100.820 101.369 101.294 101.219 101.628 101.553 101.478 101.948 101.873 101.798 102.426 102.351 102.276 102.833 102.758 102.683 102.981 102.906 102.831 103.303 103.228 103.153 103.524 103.449 103.374 103.709 103.634 103.559 104.005 103.930 103.855 104.239 104.164 104.089

100.235 100.735 101.134 101.393 101.713 102.191 102.598 102.746 103.068 103.289 103.474 103.770 104.004

FANNIE MAE (DU) -- CONFORMING ARM PROGRAMS

#510011 (DU) - 5/1 Arm

#710011 (DU) - 7/1 Arm

#910011 (DU) - 10/1 Arm

Caps: 2/2/5 Margin: 2.250 Index: Libor

Caps: 5/2/5 Margin: 2.250 Index: Libor

Caps: 5/2/5 Margin: 2.250 Index: Libor

3.500% 100.521 100.411 100.321 100.231

3.375% 100.789 100.679 100.589 100.499

3.500% 100.586 100.476 100.386 100.296

3.625% 100.706 100.596 100.506 100.416

3.500% 100.828 100.718 100.628 100.538

3.625% 100.953 100.843 100.753 100.663

3.750% 100.963 100.853 100.763 100.673

3.625% 101.188 101.078 100.988 100.898

3.750% 101.249 101.139 101.049 100.959

3.875% 101.204 101.094 101.004 100.914

3.750% 101.430 101.320 101.230 101.140

3.875% 101.606 101.496 101.406 101.316

4.000% 101.649 101.539 101.449 101.359

3.875% 101.732 101.622 101.532 101.442

4.000% 101.937 101.827 101.737 101.647

4.125% 102.202 102.092 102.002 101.912

4.000% 102.022 101.912 101.822 101.732

4.125% 102.231 102.121 102.031 101.941

4.250% 102.429 102.319 102.229 102.139

4.125% 102.284 102.174 102.084 101.994

4.250% 102.493 102.383 102.293 102.203

4.375% 102.466 102.356 102.266 102.176

4.250% 102.534 102.424 102.334 102.244

4.375% 102.744 102.634 102.544 102.454

4.500% 102.679 102.569 102.479 102.389

4.375% 102.782 102.672 102.582 102.492

4.500% 103.002 102.892 102.802 102.712

3.500% 3.625% 3.750% 3.875% 4.000% 4.125% 4.250% 4.375% 4.500% 4.625% 4.750%

100% GIFT PROGRAM

#300009 - 30 Year Fixed 99.653 99.588 99.533 100.236 100.171 100.116 100.926 100.861 100.806 101.367 101.302 101.247 101.824 101.759 101.704 102.243 102.178 102.123 102.485 102.420 102.365 102.670 102.605 102.550 103.036 102.971 102.916 103.397 103.332 103.277 103.797 103.732 103.677

99.448 100.031 100.721 101.162 101.619 102.038 102.280 102.465 102.831 103.192 103.592

FREDDIE MAC (LP) -- CONFORMING ARM PROGRAMS

#510012 (LP) - 5/1 Arm

#710012 (LP) - 7/1 Arm

#910012 (LP) - 10/1 Arm

Caps: 2/2/5 Margin: 2.250 Index: Libor

Caps: 5/2/5 Margin: 2.250 Index: Libor

Caps: 5/2/5 Margin: 2.250 Index: Libor

3.500% 101.007 100.897 100.807 100.717

3.500% 101.205 101.095 101.005 100.915

3.500% 101.063 100.953 100.863 100.773

3.625% 101.129 101.019 100.929 100.839

3.625% 101.354 101.244 101.154 101.064

3.625% 101.132 101.022 100.932 100.842

3.750% 101.252 101.142 101.052 100.962

3.750% 101.578 101.468 101.378 101.288

3.750% 101.249 101.139 101.049 100.959

3.875% 101.527 101.417 101.327 101.237

3.875% 101.752 101.642 101.552 101.462

3.875% 101.606 101.496 101.406 101.316

4.000% 101.456 101.346 101.256 101.166

4.000% 102.022 101.912 101.822 101.732

4.000% 101.937 101.827 101.737 101.647

4.125% 102.221 102.111 102.021 101.931

4.125% 102.284 102.174 102.084 101.994

4.125% 102.231 102.121 102.031 101.941

4.250% 102.370 102.260 102.170 102.080

4.250% 102.534 102.424 102.334 102.244

4.250% 102.493 102.383 102.293 102.203

4.375% 102.486 102.376 102.286 102.196

4.375% 102.782 102.672 102.582 102.492

4.375% 102.744 102.634 102.544 102.454

4.500% 102.690 102.580 102.490 102.400

4.500% 103.017 102.907 102.817 102.727

4.500% 103.002 102.892 102.802 102.712

100% Gift Parameters

1-Unit Properties Only Primary Residence Only LPMI is available

#300100 - 30 Yr Fixed - FHA/Stream * 3.250% 100.782 100.707 100.657 100.582 3.375% 101.296 101.221 101.171 101.096 3.500% 101.778 101.703 101.653 101.578 3.625% 102.200 102.125 102.075 102.000 3.750% 102.563 102.488 102.438 102.363 3.875% 102.919 102.844 102.794 102.719 4.000% 103.358 103.283 103.233 103.158 4.125% 103.793 103.718 103.668 103.593 4.250% 104.175 104.100 104.050 103.975 4.375% 104.305 104.230 104.180 104.105 4.500% 104.767 104.692 104.642 104.567

(LP Arm Products: Max LTV = 95%)

FHA / VA PROGRAMS

#300200 - 30 Yr Fixed - VA/IRRRL *

#150100 / #150113 - 15 Yr Fixed - FHA/Stream

3.250% 101.432 101.357 101.307 101.232

3.250% 101.639 101.564 101.514 101.439

3.375% 101.996 101.921 101.871 101.796

3.375% 102.067 101.992 101.942 101.867

3.500% 102.486 102.411 102.361 102.286

3.500% 102.372 102.297 102.247 102.172

3.625% 102.900 102.825 102.775 102.700

3.625% 102.768 102.693 102.643 102.568

3.750% 103.320 103.245 103.195 103.120

3.750% 102.897 102.822 102.772 102.697

3.875% 103.749 103.674 103.624 103.549

3.875% 103.281 103.206 103.156 103.081

4.000% 104.123 104.048 103.998 103.923

4.000% 103.534 103.459 103.409 103.334

4.125% 104.459 104.384 104.334 104.259

4.125% 103.899 103.824 103.774 103.699

4.250% 104.891 104.816 104.766 104.691

4.250% 103.906 103.831 103.781 103.706

4.375% 105.232 105.157 105.107 105.032

4.375% 104.158 104.083 104.033 103.958

4.500% 105.532 105.457 105.407 105.332

4.500% 104.413 104.338 104.288 104.213

3.250% 3.375% 3.500% 3.625% 3.750% 3.875% 4.000% 4.125% 4.250% 4.375% 4.500%

#150200 - 15 Year Fixed - VA 101.815 101.740 101.690 102.194 102.119 102.069 102.541 102.466 102.416 102.897 102.822 102.772 103.007 102.932 102.882 103.372 103.297 103.247 103.656 103.581 103.531 104.019 103.944 103.894 103.946 103.871 103.821 104.198 104.123 104.073 104.453 104.378 104.328

101.615 101.994 102.341 102.697 102.807 103.172 103.456 103.819 103.746 103.998 104.253

#300216 - VA 30 Yr Cash Out to 100% * Program Discontinued

#150216 - VA 15 Yr Cash Out to 100% Program Discontinued

Expiration Dates

15 Day 30 Day 45 Day 60 Day 90 Day

11/8/19 11/25/19 12/9/19 12/23/19 1/22/20

Price Caps 30/25 Yr FHA/VA Programs = 105.000 All Other FHA/VA Programs = 105.000

#300215 - 30 Yr VA IRRRL w/No Appraisal * 3.500% 102.134 102.059 102.009 101.934 3.625% 102.412 102.337 102.287 102.212 3.750% 102.839 102.764 102.714 102.639 3.875% 102.823 102.748 102.698 102.623 4.000% 103.128 103.053 103.003 102.928 4.125% 103.403 103.328 103.278 103.203 4.250% 103.791 103.716 103.666 103.591 4.375% 103.050 102.975 102.925 102.850

VA Program Notes VA IRRRL w/No Appraisal is Not Available on 15 Yr The MSI admin fee is NOT charged on the VA programs

#510100 - 5/1 FHA Arm - Treasury Caps: 1/5 Margin: 2.000

3.500% 101.428 101.278 101.128 100.928 3.625% 101.716 101.566 101.416 101.216 3.750% 102.011 101.861 101.711 101.511 3.875% 102.115 101.965 101.815 101.615

#510200 - 5/1 VA Arm - Treasury 3.500% 101.240 101.090 100.940 100.740 3.625% 101.545 101.395 101.245 101.045 3.750% 101.729 101.579 101.429 101.229 3.875% 102.085 101.935 101.785 101.585

NEWS & NOTES

U/W Turn Times:

Working date file moved from

Review to UW:

Conv:

Gov't

USDA

10/23

10/22

10/23

Conditions: 10/22

Updated: 10/22

In accordance with the final Federal Reserve Board ruling, this published pricing structure may be used in connection with your "Borrower Paid Compensation structures. Please refer to your individual company's executed compensation agreement with MSI, to determine your prescribed premium/commission structure if opting for the "Lender Paid Compensation" structure.

Effective 9/3/19 our name is changing to: "First State Mortgage"

(*) Next to the program name indicates there is offsheet pricing available onlina via OB.

75 & 90 day locks now available on the conforming fixed products! All "Wholesale" transactions must be "Lender Paid Comp".

Page 1 of 5

First State Mortgage Services, L.L.C. is a wholly owned subsidiary of First State Bank This rate sheet is intended for Mortgage Professionals only. Max price paid is 105.000 unless otherwise noted.

10/24/2019 FSM-Wholesale

First State Mortgage

Current Wholesale Rate Sheet

Rate

15-Day 30 Day 45 Day 60 Day

3.750% 3.875% 4.000% 4.125% 4.250% 4.375% 4.500%

Conventional - High Balance 30 Year Fixed (DU) - #300017

101.064 100.999 100.944 101.512 101.447 101.392 101.926 101.861 101.806 102.303 102.238 102.183 102.228 102.163 102.108 102.610 102.545 102.490 102.952 102.887 102.832

100.859 101.307 101.721 102.098 102.023 102.405 102.747

3.750% 3.875% 4.000% 4.125% 4.250% 4.375% 4.500%

Conventional - High Balance 15 Year Fixed (DU) - #150017

102.098 102.033 101.978 102.193 102.128 102.073 102.461 102.396 102.341 102.723 102.658 102.603 102.943 102.878 102.823 103.109 103.044 102.989 103.315 103.250 103.195

101.893 101.988 102.256 102.518 102.738 102.904 103.110

Rate

3.750% 3.875% 4.000% 4.125% 4.250% 4.375% 4.500%

15-Day 30 Day 45 Day 60 Day

Rate

15-Day 30 Day 45 Day 60 Day

High Balance Programs

FHA - High Balance

FHA Streamline - High Balance

30 Year Fixed - #300117 101.349 101.149 100.899 100.749

3.375%

30 Year Fixed - #300148 101.488 101.288 101.038 100.888

101.519 101.319 101.069 100.919

3.500% 101.964 101.764 101.514 101.364

101.835 101.635 101.385 101.235 102.127 101.927 101.677 101.527

3.625% 3.750%

102.395 102.195 101.945 101.795 102.237 102.037 101.787 101.637

102.430 102.230 101.980 101.830

3.875% 102.594 102.394 102.144 101.994

101.990 101.790 101.540 101.390

4.000% 102.910 102.710 102.460 102.310

102.384 102.184 101.934 101.784

4.125% 103.161 102.961 102.711 102.561

FHA High Balance Program Min FICO = 640 (Purchase or R/T Refi) Min FICO = 660 (Cash Out Refi) Min FICO = 680 (Streamline)

Rate

15-Day 30 Day 45 Day 60 Day

3.500% 3.625% 3.750% 3.875% 4.000% 4.125% 4.250%

VA - High Balance 30 Year Fixed - #300217 101.175 100.955 100.875 101.515 101.295 101.215 102.135 101.915 101.835 102.452 102.232 102.152 102.754 102.534 102.454 103.043 102.823 102.743 102.861 102.641 102.561

100.625 100.965 101.585 101.902 102.204 102.493 102.311

VA - Jumbo 30 Year Fixed - #300245

Same as VA High Balance Pricing

VA High Balance & VA Jumbo Program Min FICO: 660 IRRRL's - Not available

Loan Amount $20,000 - $59,999 $60,000 - $89,999 $90,000 - $139,999 $140,000 - $199,999 $200,000 - $249,999 $250,000 - $349,999 $350,000 to conf non-HB limit

-1.750 -1.000

-.375 No Adj +.375 +.500 +.550

State Adjusters CO, NV AZ, NM, UT, WY AL, CA, FL, IA, ID, IL, IN, KS, KY, MI, MN, MO, MT, SD, TN, VA, WA, WI AR, GA, LA, MS, NC, NE, OH, OR,

SC OK, PA TX

-.125 -.050 No Adj

+.100

+.150 +.250

High Balance

Cash Out Refi (in addition to agency)

-1.000

Purch, R/T Refi (in addition to agency)

-.250

LTV/CLTV 75% 90% (ARM Only)

-1.750

Loan amount adj do not apply

N/O/O: LTV 15 yr terms)

-.750

90 day lock (from 60 day price) *

-.500

2nd Homes > 85.00% (FNMA)

-.250

Fannie 97 (LTV 95.01 - 97.00%)

No Adj.

See online (OB) for pricing on 5-10 financed properties

* 75 & 90 day lock only available on conforming fixed programs: #300000, #200000, #150000, #100000

FICO = 740 720 - 739 700 - 719 680 - 699

660 - 679 640 - 659 620 - 639 600 - 619

No Adj. No Adj. No Adj. No Adj.

No Adj. -.500 -.500 -.500

60.01 70.00%

-.250 -.250 -.500 -.500

-1.000 -1.250 -1.500 -1.500

Agency FICO/LTV Adjustments

70.01 - 75.01 - 80.01 -

75.00% 80.00% 85.00%

-.250

-.500

-.250

-.500

-.750

-.500

-1.000 -1.250 -1.000

-1.250 -1.750 -1.500

-2.250 -2.750 -2.750

-2.750 -3.000 -3.250

-3.000 -3.000 -3.250

N/A

N/A

N/A

85.01 90.00%

-.250 -.500 -1.000 -1.250

-2.250 -2.750 -3.250

N/A

90.01 95.00%

-.250 -.500 -1.000 -1.250

-2.250 -2.750 -3.250

N/A

95.01 97.00%

-.750 -1.000 -1.500 -1.500

-2.250 -2.750 -3.500

N/A

Applicable to all loan terms greater than

15 years.

FICO

>= 740 720 - 739 700 - 719 680 - 699 660 - 679 640 - 659 620 - 639

Cash Out - Agency FICO/LTV Adj

= 720

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