How to Read the MPF Price Sheet - Mandatory Pricing
- Loan Level Price Adjustments (LLPAs) do not apply to the MPF Traditional product.
Pricing Example
MPF Price 1.922
SRP .680
Total Price 2.602
- Note rates are quoted in 1/8’s
- MPF Traditional pricing is mandatory delivery
- An agent represents a premium or discount payable on a loan funding
- High balance pricing is available within the eMPF website
Note: A high balance loan is a loan in an area of the country having a high cost of housing (Boston, New York, California, Washington, D.C., etc.)
- Loans are priced in 15, 20 and 30 year fixed rate terms
- Odd amortization terms are allowed
- 120 – 180 month term priced at a 15-year term
- 181 – 240 month term priced at a 20-year term
- 241 – 360 month term priced at a 30-year term
- The posted pricing is available within the eMPF website
- Lock terms are available for periods of 5, 15, 30, 45 and 60 calendar days
- Loan funding requests may be made up to 3:30 PM CST on the day of the price expiration
