Carrington Delivers A BIG Non-QM Pricing Improvement on 3 programs

June 26, 2019

Big Pricing Improvement with our Non-QM Loan Programs

The team at Carrington Mortgage Services is extremely excited to announce some big changes to our Non-QM pricing:
Carrington Flexible Advantagesm:

  • LLPA's improved .25% (Full Doc and lower FICO loans) - see the matrix

Carrington Flexible Advantage PLUS:

Carrington Investor Advantage:

  • Base price improved by 100bps across the board! - see the matrix
  • Increased max price from 101 to 102.25
  • FICO x LTV LLPA improvements across the broad
  • Prepay Buy out – reduced from 1.5 to1.25
  • Reduced DSCR bands to help simplify your pricing scenarios

[btn link="/loan-scenario/" color="tomato" size="size-xl"]SUBMIT YOUR SCENARIO[/btn]
[btn link="/loan-products/" color="tomato" size="size-xl"]VIEW THE GUIDELINES[/btn]
[btn link="https://www.carringtonhomeloans.com/drop-in/CMSWholesaleRates.pdf" color="tomato" size="size-xl"]VIEW TODAY'S RATES[/btn]

Government Agency Approvals

FHA Non-Supervised Mortgagee Approval #:
24751-0000-5
VA Automatic Lender Approval #:
902324-00-00

Mortgagee/Loss Payee Clause

Carrington Mortgage Services LLC
ISAOA/ATIMA
P.O. Box 692408
San Antonio, TX 78269-2408

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This information is provided for your convenience and Carrington Mortgage Services, LLC makes no warranties concerning the accuracy or completeness of any of the information. This is not financial or legal advice and should not be taken as such. This information is for mortgage professionals only and is not intended for distribution to consumers.
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An Equal Housing Opportunity Lender. Copyright 2007 - 2024 . Carrington Mortgage Services, LLC headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS ID # 2600. Toll Free # 800-561-4567. All rights reserved. Restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines.  Nationwide Mortgage Licensing System (NMLS) Consumer Access Web Site: www.nmlsconsumeraccess.com.

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Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00

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