Use this form to get pricing for a loan scenario. Press the "Get Pricing" button to view pricing results.
Note: fields marked with * are required.
Credit events include Housing Events, Mortgage Lates, and Bankruptcy.
Credit events may affect pricing and eligibility.
See our Matrices page (located at the top of screen) to review loan program specific details.
STANDARD: 6 months interest on the amount prepaid that exceeds 20% of the original balance • Available on all Non-QM products • Eligible for 1, 2, 3, 4, 5 year term • 4 and 5 year term eligible on DSCR ONLY
TIERED: Declining structure that does not exceed 5% and decreases each year, i.e. (5%/4%/3%/2%/1%) • Available on DSCR ONLY • Eligible for 1, 2, 3, 4, 5 year term • 4 and 5 year term eligible on DSCR ONLY
FLAT: 5% flat rate • Available on DSCR ONLY • Eligible for 3, 4, 5 year term • Offers the BEST PRICING
Note: PPP structure and requirements may differ by state. See matrix for details.
Prime/Plus/Flex Connect, Jade Full/Alt Doc: Middle of three or lesser of two for Primary Wage Earner
Agency/Jumbo Connect, ITIN Obsidian, Jade Asset Utilization: Lowest middle of three or lesser of two for all borrowers
DSCR: Highest middle of three or lesser of two for any borrower/guarantor
Foreign Credit: DSCR: Enter 680 as credit score for pricing ITIN Obsidian: Enter 0 as credit score for pricing
For purposes of determining when a loan is subject to an LLPA for Self-Employment, the following definitions apply:
• A borrower with a 25% or greater ownership interest in a business is considered self-employed. • Schedule C income or loss is considered self-employed (even if considered a hobby job) • A borrower paid 1099 is considered self-employed (generally reported on Schedule C) • A borrower who runs an LLC or management company related to rental properties is considered self-employed (generally reported on business returns and the same 25% or greater ownership interest applies)
A hybrid appraisal is a valuation completed by a Licensed/Certified appraiser and is very similar to a desktop appraisal. The appraisal report is typically shorter than a traditional appraisal and the inspection is performed by a party other than the appraiser.
The goal of utilizing these alternative valuation methods is to streamline the appraisal process and provide a quicker more cost-effective product, however, restrictions do apply. Please review the broker guide for eligibility criteria as there are certain property characteristics that would cause the property to be a less viable candidate.
If your scenario does not generate pricing or product results, we encourage you to email pricing@clearedgelending.com, for more information as the loan may qualify under different parameters, OR be eligible for an exception request. Please include all pertinent loan details and your contact information in your communication. Once your email is received, one of our Sales team members will contact you shortly!
ClearEdge Lending LLC f/k/a CEL Lending LLC, NMLS ID 1924815. Information above is provided to assist residential mortgage lending professionals and is not an advertisement to extend consumer credit as defined by section 1026.2 of Regulation Z. Pricing is based on unverified information entered by a residential mortgage lending professional and there is no guarantee that all borrowers will qualify. All rates/programs are subject to review and approval by ClearEdge Lending. Pricing does not include broker compensation. This is not a commitment to lend and is not an underwriting pre-qualification or approval. Residential mortgage lending professionals are strongly encouraged to review all related underwriting matrices associated with ClearEdge’s programs prior to communicating pricing with their borrower(s). Terms, conditions, and programs are subject to change without notice. Programs may not be available in all states. Restrictions may apply.
