23-34: Updates to Conventional LLPAs

Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Monday, May 15, 2023 as follows:

• Introduce new ‘2^nd Home Additional’ LLPA to the ‘LLPAs by Product Feature for All Eligible Loans’ LLPA Grid.

⁽⁵⁾ Not subject to Cumulative LLPA Cap
⁽⁸⁾ Applies to Fixed rate transactions with terms greater than 300 months, loan balances > 225,000, ​​​FICO > = 660, and lock period < = 45 days

Please contact your Sales Representative with any questions.