Pennymac is making updates to its ‘Purchase Special’ LLPA effective for all Best Efforts Commitments taken on or after Tuesday, April 25, 2023 as follows:
- Replace current ‘Purchase Special’ LLPA of 0.125 with a new grid that is based on loan amount.
- Payup amounts are improving and range from 0.15 to 0.70.
(5) Not subject to Cumulative LLPA Cap
(6) Applies to fixed rate Purchase transactions with terms greater than 240 months and is a primary residence
Please contact your Sales Representative with any questions.