Illustrative pricing for a 740 FICO file on the wholesale channel. Not a live feed and not a commitment to lend. Your actual rate is set by your file, and by which program it lands in. Here is how the process runs.
| Program | Rate | APR | Points | Notes |
|---|---|---|---|---|
| 30-Year Fixed, Conventional | 6.500% | 6.618% | 0.625 | Owner-occupied, 740 FICO, 20% down, $480,000 loan amount. |
| 15-Year Fixed, Conventional | 5.750% | 5.881% | 0.500 | Same borrower profile as above. |
| 30-Year Fixed, FHA | 6.125% | 7.060% | 0.500 | 3.5% down, 680 FICO. APR includes mortgage insurance premium. |
| 30-Year Fixed, VA | 6.000% | 6.214% | 0.500 | Eligible service, 0% down. Funding fee financed. |
| 30-Year Fixed, USDA | 6.250% | 6.392% | 0.500 | Eligible rural property, income limits apply. |
| 30-Year Fixed, Jumbo | 6.875% | 6.946% | 0.750 | Loan amount above $832,750. Reserves required. |
| 7/6 ARM, Conventional | 6.125% | 6.812% | 0.500 | SOFR-indexed, 5/1/5 caps. Suitable when horizon is under seven years. |
| HELOC, Variable | 8.250% | 8.250% | 0.000 | Prime minus 0.25%. Floor 4.00%, ceiling 18.00%. |
| DSCR 30-Year Fixed | 7.250% | 7.380% | 1.000 | Investment property. 1.0+ DSCR, 75% LTV, 680 FICO. Rate set by property cash flow. |
| DSCR 7/6 ARM | 6.875% | 7.190% | 1.000 | Investment property. 7-year fixed period. 1.0+ DSCR, 75% LTV. |
Indicative only. Not a Loan Estimate. Pricing changes intra-day with the bond market. Your actual rate is set by your file: credit score, loan amount, occupancy, property type, debt-to-income, reserves. A formal pre-approval will state the rate available to you specifically. DSCR pricing assumes 1.0+ debt-service coverage and 75% LTV. Sub-1.0 DSCR loans price higher and are available on select investors.
Best if you plan to keep the loan seven years or longer. Break-even on points is roughly 5.6 years on this file.
No bet either way. Middle option with neither discount cost nor a credit. If you do not know the answer, start here.
Best if you plan to refinance inside three years or want a tight cash-to-close. Lender covers most third-party costs.
Illustrative pricing for the borrower profile above. Real pricing is locked at application after a soft credit pull and is subject to lender approval. Not a commitment to lend.
Estimate only. Excludes taxes, insurance, and any mortgage insurance premium. The math here matches the principal-and-interest math your Loan Estimate will run.
Our DSCR calculator runs rent against full PITIA and tells you whether the file clears 1.0 before you take it to a lender. It is the same math a DSCR underwriter runs.
Indicative pricing is a sketch. To see the rate available to your file, send us an inquiry. Pre-approval lands within twenty-four hours.
