Programs - A&D Mortgage

[Pages:15]Wholesale Rate Sheet

Effective Date and Time: 2/1/24 2:35 PM

EST

Please Note: Rate Sheets are provided for pricing purposes only and do not necessarily reflect product eligibility or availability. Please refer to the Product Guidelines located in the ADM Library in order to determine product eligibility and/or availability for a given loan scenario.

Lock Desk Contact Information

Phone: 305-824-2421 Email: lock@ Lock Desk Support: 9:00 am - 5:00 pm EST

Lock Hours: 10 am - 5 pm EST 10 am - 8 pm EST 24 hours

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Lock Terms

PRICING ADJUSTMENTS

Lock Extensions1

Cost Per Day

1st Extension

0.025

2nd Extension 3rd Extension

0.050 0.075

RELOCK OPTIONS Term 15 Days 30 Days

Total Fee

0.250 0.375

+

Worst Pricing

LOCK EXPIRATIONS

Term

15 days 30 days 45 days 60 days

Date

2/16/2024 3/2/2024 3/17/2024 4/1/2024

General Information

MAILING ADDRESSES Mortgage Loss Payee Clause: A&D Mortgage, LLC ISAOA/ATIMA 1040 S Federal Hwy, Hollywood, FL 33020

FEES Admin Fee Conf & Govt Admin Fee Non-QM & PJ Tax Service Fee Flood Certification Fee MERS fee

ELIGIBLE STATES

AL, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, KS, KY, MD, ME, MI, MT, NC, NE, NH, NJ, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, VA, TN, TX, UT, WA, WI, WY

LENDER/SPONSOR ID FHA 0033000004

$995 $1,495 $80 $11 $24.95

SALES LEADERSHIP

Mike Majidian West Coast Account Executive Manager mike.majidian@

Mark Glaser East Coast Account Executive Manager mark.glaser@

COMPANY NMLS# 958660

Programs

PRIME JUMBO

Min. FICO 680 ? Up to 80% HCLTV

? 15 & 30 Year Fixed up to $2.5 Million ? Cash-Out up to 80.00% HCLTV ? Manual UW for over $2 Million ? DU Approve/Ineligible ? No Mortgage Insurance required ? Primary, Second Home and Investment

properties are allowed ? Purchase, Rate & Term Refinance and Cash-Out

Refinance ? Delayed Financing is available up to 180 days ? No Overlays on Reserves, Credit and Tradelines

as per DU ? Income as per DU

DSCR

Min. FICO 620 ? Up to 80% CLTV

? Loan amounts up to $3 Million ? Max cash-on-hand $1 Million,

no limit for CLTV 15 years only)

30.01?60 60.01?70 70.01?75 75.01?80 80.01?85 85.01?90

0

0

0

-0.375 -0.375

-0.25

0.000

0.000 -0.250 -0.625 -0.625 -0.500

0.000

-0.125

-0.375 -0.875 -1.000 -0.750

0.000

-0.250 -0.750

-1.250

-1.250

-1.000

0.000

-0.375 -0.875 -1.375

-1.500

-1.250

0.000

-0.625

-1.125

-1.750

-1.875

-1.500

0.000

-0.750 -1.375

-1.875

-2.125

-1.750

0.000

-1.125

-1.500 -2.250 -2.500 -2.000

-0.125

-1.500

-2.125 -2.750 -2.875

-2.625

90.01?95

-0.25 -0.500 -0.625 -0.875 -1.125 -1.375 -1.625 -1.875 -2.250

95.01-97 -0.125 -0.250 -0.500 -0.750 -0.875 -1.125 -1.250 -1.500 -1.750

FICO / LTV

780

760 - 779 740 - 759

720 - 739

700 - 719 680 - 699 660 - 679 640 - 659

639

Limited Cash-Out Refinance (Terms > 15 years only)

30 30.01?60 60.01?70 70.01?75 75.01?80 80.01?85 85.01?90

0

0

0

-0.125

-0.5

-0.625

-0.5

0.000 0.000

-0.125

-0.375 -0.875 -1.000 -0.750

0.000 0.000

-0.250 -0.750

-1.125

-1.375

-1.125

0.000 0.000

-0.500 -1.000

-1.625

-1.750

-1.500

0.000 0.000

-0.625 -1.250

-1.875

-2.125

-1.750

0.000 0.000

-0.875

-1.625

-2.250

-2.500

-2.125

0.000 -0.125

-1.125

-1.875 -2.500 -3.000 -2.375

0.000 0.000

-0.250 -0.375

-1.375 -1.750

-2.125 -2.500

-2.875 -3.500

-3.375 -3.875

-2.875 -3.625

90.01?95 -0.375 -0.625 -1.000 -1.250 -1.625 -1.750 -2.125 -2.500 -2.500

95.01-97 -0.375 -0.625 -1.000 -1.250 -1.625 -1.750 -2.125 -2.500 -2.500

Feature/LTV

ARM Condo*** Investment Second Home Manufactured 2-4 Unit HB Fixed HB ARM

HB Cash-Out** Sub financing EW (Excl NY) DTI > 40%

30

0 0.000 -1.125 -1.125 -0.500 0.000 -0.500 -1.250 -0.750 -0.625 -0.125 0.000

Additional Adjustments

30.01?60 60.01?70 70.01?75 75.01?80 80.01?85 85.01?90

0

0

0

0

0

0

0.000

-0.125

-0.125 -0.750 -0.750 -0.750

-1.125

-1.625

-2.125

-3.375

-4.125

-4.125

-1.125

-1.625

-2.125

-3.375

-4.125

-4.125

-0.500 -0.500 -0.500 -0.500 -0.500 -0.500

0.000

-0.375 -0.375 -0.625

-0.625

-0.625

-0.500 -0.750 -0.750 -1.000

-1.000

-1.000

-1.250

-1.500

-1.500 -2.500 -2.500 -2.500

-0.750 -0.750 -0.750 -0.750

N/A

N/A

-0.625 -0.625 -0.875 -1.125

-1.125

-1.125

-0.125

-0.125

-0.125

-0.125

N/A

N/A

0.000

0.000

0.000

0.000

0.000

0.000

90.01?95

-0.25 -0.750 -4.125 -4.125 -0.500 -0.625 -1.000 -2.750

N/A -1.875 N/A 0.000

95.01-97 -0.25 -0.750 -4.125 -4.125 -0.500 -0.625 -1.000 -2.750 N/A -1.875 N/A 0.000

FICO / LTV

780

760 - 779 740 - 759 720 - 739 700 - 719 680 - 699 660 - 679 640 - 659

639

Cash-Out Refinances

30 30.01?60 60.01?70

-0.375 -0.375

-0.625

-0.375 -0.375

-0.875

-0.375 -0.375

-1.000

-0.375 -0.500

-1.375

-0.375 -0.500

-1.625

-0.375 -0.625

-2.000

-0.375 -0.875

-2.750

-0.375 -1.375

-3.125

-0.375 -1.375

-3.375

70.01?75

-0.875 -1.250 -1.625 -2.000 -2.625 -2.875 -4.000 -4.625 -4.875

75.01?80

-1.375 -1.875 -2.375 -2.750 -3.250 -3.750 -4.750 -5.125 -5.125

Adjustable Rate Details

5/6 ARM, 7/6 ARM, 10/6 ARM 30 Day Average SOFR Index

Margin First Rate Adjustment (Months)

2.75% 60/84/120

Initial Adjustment Cap

2%/5%/5%

Subsequent Periodic Adjustments Subsequent Adjustment Cap

6 months 1%

Lifetime Adjustment Cap

Initial rate + 5%

Conventional Specials

Loan Amount* $150,000-174,999 $175,000-199,999 $200,000-224,999 2nd Home* NY*

Points 0.250 0.125 0.125 0.125 0.250

Home Ready / Home Possible Cumulative LLPA Cap

FICO

LTV Range

80

>= 680 < 680

0.000 0.000

0.000 0.000

Refi Now / Refi Possible A $500 credit will be provided ****

*Conventional Specials: Loan Amount, 2nd Home and NY adjustments are inapplicable for all High Balance, HomeReady / HomePossible, RefiNow / RefiPossible **High Balance Cash-Out adjustment applies on top of other HB adjustments. ***Hit for condo is not applicable to detached condo units. ****If an appraisal was obtained for the transaction. For RefiNow / RefiPossible use HomeReady / HomePossible rate stack. High Balance is not avaliable on RefiNow RefiPossible programs.

NMLS# 958660 A&D Mortgage LLC. Programs and Pricing are subject to change without notice. This ratesheet is intended to be used by mortgage professionals only and is not an advertisement under Section 226.24 of Regulation Z, and is not meant for use by the general public.

Rate 4.875 5.000 5.125 5.250 5.375 5.500 5.625 5.750 5.875 6.000 6.125 6.250 6.375 6.500 6.625 6.750 6.875 7.000

FHA 30 Yr Fixed

15 Day 30 Day 45 Day 97.900 97.697 97.494 98.482 98.273 98.065 99.038 98.825 98.611 99.612 99.393 99.174 100.164 99.941 99.717 100.705 100.476 100.247 100.833 100.598 100.364 101.354 101.115 100.875 101.844 101.599 101.354 102.297 102.047 101.797 101.868 101.613 101.358 102.322 102.062 101.801 102.741 102.475 102.209 103.122 102.851 102.580 102.438 102.162 101.886 102.843 102.562 102.281 103.207 102.921 102.634 103.526 103.234 102.943

60 Day 97.291 97.857 98.398 98.955 99.493 100.018 100.130 100.636 101.110 101.547 101.102 101.541 101.944 102.309 101.610 102.000 102.348 102.651

Rate 4.875 5.000 5.125 5.250 5.375 5.500 5.625 5.750 5.875 6.000 6.125 6.250 6.375 6.500 6.625 6.750 6.875 7.000

FHA Pricing

Effective Date and Time: 2/1/24 2:35 PM EST

FHA 20 Yr Fixed

15 Day 30 Day 45 Day

97.620 97.417 97.214

98.121

97.913 97.705

98.830 98.617 98.403

99.334 99.115 98.897

99.809 99.585 99.361

100.256 100.027 99.798

100.587 100.352 100.118

101.040 100.800 100.561

101.457 101.212 100.968

101.845 101.595 101.345

101.629 101.374 101.118

102.038 101.777 101.517

102.416 102.150 101.884

102.756 102.485 102.215

102.233 101.957 101.681

102.558 102.276 101.995

102.843 102.557 102.270

103.091 102.799 102.507

60 Day 97.010 97.496 98.190 98.678 99.137 99.569 99.883 100.321 100.723 101.095 100.863 101.256 101.619 101.944 101.405 101.714 101.984 102.216

Rate 4.250 4.375 4.500 4.625 4.750 4.875 5.000 5.125 5.250 5.375 5.500 5.625 5.750 5.875 6.000 6.125 6.250 6.375

FHA 15 Yr Fixed

15 Day

30 Day 45 Day

97.671

97.494

97.317

98.114

97.932

97.750

98.553

98.366

98.178

98.832

98.639

98.447

99.274

99.076

98.878

99.712

99.509

99.306

100.148

99.940

99.732

100.161

99.947

99.733

100.600 100.382 100.163

101.038

100.814 100.590

101.472

101.243

101.014

101.181

100.947 100.713

101.615

101.376

101.136

102.043

101.798

101.553

102.463

102.213

101.963

101.868

101.613

101.357

102.288 102.028 101.767

102.703 102.438 102.172

60 Day 97.140 97.567 97.991 98.254 98.680 99.103 99.523 99.520 99.944 100.366 100.785 100.478 100.897 101.309 101.713 101.102 101.507 101.907

FHA High Balance 30 Yr Fixed

Rate 15 Day 30 Day 45 Day 60 Day 5.000 98.099 97.891 97.682 97.474 5.125 98.845 98.632 98.418 98.205 5.250 99.355 99.136 98.917 98.698 5.375 99.841 99.617 99.393 99.169 5.500 100.314 100.085 99.855 99.626 5.625 100.632 100.398 100.163 99.929 5.750 101.084 100.845 100.605 100.366 5.875 101.503 101.258 101.013 100.768 6.000 101.882 101.632 101.382 101.132 6.125 101.656 101.400 101.145 100.890 6.250 102.039 101.778 101.518 101.258 6.375 102.386 102.121 101.855 101.589 6.500 102.697 102.426 102.156 101.885 6.625 102.223 101.946 101.670 101.394 6.750 102.560 102.279 101.997 101.716 6.875 102.858 102.571 102.285 101.999 7.000 103.114 102.822 102.530 102.239 7.125 102.650 102.353 102.056 101.759

30 Yr Fixed FHA Streamline

Rate

15 Day 30 Day 45 Day 60 Day

4.875 97.900 97.697 97.494 97.291

5.000 98.482 98.273 98.065 97.857

5.125

99.038 98.825

98.611 98.398

5.250

99.612 99.393 99.174 98.955

5.375 100.164 99.941 99.717 99.493

5.500 100.705 100.476 100.247 100.018

5.625 100.833 100.598 100.364 100.130

5.750 101.354 101.115 100.875 100.636

5.875 101.844 101.599 101.354 101.110

6.000 102.297 102.047 101.797 101.547

6.125

101.868 101.613 101.358 101.102

6.250 102.322 102.062 101.801 101.541

6.375 102.741 102.475 102.209 101.944

6.500 103.122 102.851 102.580 102.309

6.625 102.438 102.162 101.886 101.610

6.750 102.843 102.562 102.281 102.000

6.875 103.207 102.921 102.634 102.348

7.000 103.526 103.234 102.943 102.651

30 Yr Fixed FHA Streamline High Balance

Rate

15 Day

30 Day 45 Day 60 Day

5.000

98.099

97.891

97.682

97.474

5.125

98.845

98.632

98.418

98.205

5.250

99.355

99.136

98.917

98.698

5.375

99.841

99.617

99.393

99.169

5.500

100.314 100.085 99.855

99.626

5.625

100.632 100.398 100.163

99.929

5.750

101.084 100.845 100.605 100.366

5.875

101.503

101.258

101.013

100.768

6.000

101.882

101.632

101.382

101.132

6.125

101.656

101.400

101.145

100.890

6.250

102.039

101.778

101.518

101.258

6.375

102.386

102.121

101.855

101.589

6.500

102.697

102.426

102.156

101.885

6.625

102.223

101.946 101.670

101.394

6.750

102.560 102.279 101.997

101.716

6.875

102.858

102.571

102.285

101.999

7.000

103.114

102.822 102.530 102.239

7.125

102.650

102.353

102.056

101.759

FHA Pricing Adjustments

760 + 740 - 759 720 - 739 700 - 719 680 - 699 660 - 679 640 - 659 620 - 639

FHA FICO Price Adjustments

110K 225K

0.250 0.200 0.150 0.075 -0.150 -0.625 -1.500 -1.750

0.225 0.200 0.150 0.075 -0.050 -0.250 -0.500 -1.000

0.200 0.200 0.150 0.075 0.000 -0.125 -0.375 -1.000

FHA Adjusters

DTI >= 50% & = 55% New Jersey 2 Units New Jersey 3-4 Units High Balance NJ, NY

-0.250 NA

-0.500 -0.500 -0.250 0.000

** NMLS# 958660 A&D Mortgage LLC. Programs and Pricing are subject to change without notice. This ratesheet is intended to be used by mortgage professionals only and is not an advertisement under Section 226.24 of Regulation Z, and is not meant for use by the general public.

Wholesale Prime Jumbo Full Doc AUS

Effective date: 2/1/2024

Rate

6.625 6.750 6.875 7.000 7.125 7.250 7.375 7.500 7.625 7.750 7.875 8.000 8.125 8.250 8.375 8.500 8.625 8.750 Max price

15 Days

99.918 100.365 100.751 101.089 101.397 101.688 101.980 102.259 102.507 102.705

N/A N/A N/A N/A N/A N/A N/A N/A 101.5

30Yr Fixed

30 Days

99.864 100.306 100.687 101.020 101.322 101.608 101.895 102.169 102.412 102.604

N/A N/A N/A N/A N/A N/A N/A N/A

45 Days

99.810 100.247 100.622 100.950 101.247 101.528 101.810 102.078 102.316 102.503

N/A N/A N/A N/A N/A N/A N/A N/A

FICO / HCLTV 800+

780 - 799 760 - 779 740 - 759 720 - 739 700 - 719 680 - 699

0-55 0.375 0.375 0.250 0.250 0.125 0.125 0.000

Purchase Rate/Term Refi Cashout Out Refi

2nd Home Investment

Condo 2 Units Escrow Waiver (Excl NY) DTI > 40% Interest-Only Self-employed Non-Perm Resident

0-55

0.125 0.000 -0.125 -0.125

NA 0.000 -0.375 -0.125 0.000

NA 0.000

NA

60 Days

99.756 100.188 100.558 100.881 101.172 101.449 101.725 101.988 102.220 102.403

N/A N/A N/A N/A N/A N/A N/A N/A

Rate

6.375 6.500 6.625 6.750 6.875 7.000 7.125 7.250 7.375 7.500 7.625 7.750 7.875 8.000 8.125 8.250 8.375 8.500

15 Days

98.613 99.217 99.740 100.194 100.592 100.946 101.269 101.583 101.871 102.119

N/A N/A N/A N/A N/A N/A N/A N/A

15Yr Fixed

30 Days

98.569 99.168 99.686 100.135 100.528 100.877 101.194 101.503 101.786 102.029

N/A N/A N/A N/A N/A N/A N/A N/A

45 Days

98.526 99.120 99.632 100.076 100.463 100.807 101.120 101.423 101.701 101.938

N/A N/A N/A N/A N/A N/A N/A N/A

Loan Level Price Adjustments

55.01-60 0.375 0.250 0.250 0.125 0.125 0.000 0.000

60.01-65 0.375 0.250 0.250 0.125 0.125 0.000 -0.375

65.01-70 0.375 0.250 0.250 0.125 -0.125 -0.375 NA

70.01-75 0.250 0.250 0.000 -0.125 -0.375 -0.750 NA

Other LLPA

55.01-60

0.125 0.000 -0.125 -0.250

NA -0.125 -0.750 -0.125 -0.125

NA 0.000

NA

60.01-65

0.125 0.000 -0.125 -0.375

NA -0.125 -1.000 -0.125 -0.250

NA 0.000

NA

65.01-70

0.125 0.000 -0.375 -0.375

NA -0.125 -1.500 -0.125 -0.250

NA 0.000

NA

70.01-75

0.125 0.000 -0.625 -0.500

NA -0.125 -2.000 -0.125 -0.250

NA 0.000

NA

75.01-80 0.250 0.000 -0.250 -0.500 -0.875 -1.375 NA

75.01-80 0.125 0.000 NA NA NA -0.125 -3.000 -0.125 -0.375 NA 0.000 NA

80.01-85 NA NA NA NA NA NA NA

80.01-85 NA NA NA NA NA NA NA NA NA NA NA NA

60 Days 98.482 99.071 99.578 100.017 100.399 100.738 101.045 101.343 101.616 101.848

N/A N/A N/A N/A N/A N/A N/A N/A

85.01-90 NA NA NA NA NA NA NA

85.01-90 NA NA NA NA NA NA NA NA NA NA NA NA

** NMLS# 958660 A&D Mortgage LLC. Programs and Pricing are subject to change without notice. This ratesheet is intended to be used by mortgage professionals only and is not an advertisement under Section 226.24 of Regulation Z, and is not meant for use by the general public.

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