Effective for loans purchased on or after April 16, 2024, Arc Home is reducing the Correspondent Funding Fee for select loan products, as highlighted in the table below.
|
Delegated |
||
|
Previous Fee |
New Fee |
|
|
· Fannie Mae · Freddie Mac · FHA · VA · FNMA/FHLMC 30 Yr Fixed Second Home · FNMA/FHLMC 30 Yr Fixed Investment |
$400 |
$400 |
|
· Access NQM · Edge NQM · Elite QM · Elite Jumbo · Conventional 30 Year Fixed Rate Investment Property · Foreign National |
$795 |
$695 |
|
Non-Delegated |
||
|
Product |
Previous Fee |
New Fee |
|
· Conventional 30 Year Fixed Rate Investment Property · Fannie Mae · Freddie Mac · FNMA/FHLMC 30 Yr Fixed Second Home · FNMA/FHLMC 30 Yr Fixed Investment |
$695 |
$695 |
|
· FHA* · VA*
*See below for Streamline/IRRRL pricing |
$795 |
$795 |
|
· FHA Streamline · VA IRRRL |
$495 |
$495 |
|
· Jumbo Express · Jumbo Prime · Elite Jumbo |
$1,025 |
$1,025 |
|
· Access NQM · Edge NQM · Elite QM · Foreign National |
$1,495 |
$1,215 |
The fee schedules of the Arc Home Delegated Correspondent – Client Reference Guide and Non-Delegated Correspondent – Client Reference Guide will be updated on the website soon. Please contact your Arc Home Account Executive with any questions.