For each fundable loan, the recommended warehouse line by lowest cost of capital.
Fundable Loans
5
Can Be Funded
5
No Eligible Line
0
Total Cost of Capital
¤5,157.51
Loan #
Borrower
Type
Amount
Investor
Recommended Line
Est. Cost
2024-00811
Maria Alvarez
Conventional
¤312,500
Fannie Mae
Wells Fargo Standard
¤692.58
Line-by-line evaluation for 2024-00811
Line
Eligible?
Cost
Notes
Wells Fargo Standard (6.75 %)
✓ Eligible
¤692.58
Texas Capital Gestation (5.90 %)
✓ Eligible
¤699.22
JPMorgan Line A (6.25 %)
✓ Eligible
¤788.02
Comerica Jumbo Line (7.10 %)
✗ No
—
Loan amount ¤312,500 is below the line minimum ¤500,000.
2024-00812
James Carter
FHA
¤198,000
Ginnie Mae
Wells Fargo Standard
¤658.23
Line-by-line evaluation for 2024-00812
Line
Eligible?
Cost
Notes
Wells Fargo Standard (6.75 %)
✓ Eligible
¤658.23
Texas Capital Gestation (5.90 %)
✓ Eligible
¤669.50
JPMorgan Line A (6.25 %)
✓ Eligible
¤756.38
Comerica Jumbo Line (7.10 %)
✗ No
—
Loan type FHA is not permitted on this line. Take-out investor "Ginnie Mae" is not approved on this line. Loan amount ¤198,000 is below the line minimum ¤500,000.
2024-00813
Wei Zhang
Jumbo
¤875,000
Chase
Comerica Jumbo Line
¤1,725.47
Line-by-line evaluation for 2024-00813
Line
Eligible?
Cost
Notes
Comerica Jumbo Line (7.10 %)
✓ Eligible
¤1,725.47
JPMorgan Line A (6.25 %)
✗ No
—
Loan type Jumbo is not permitted on this line. Take-out investor "Chase" is not approved on this line.
Wells Fargo Standard (6.75 %)
✗ No
—
Loan type Jumbo is not permitted on this line. Take-out investor "Chase" is not approved on this line.
Texas Capital Gestation (5.90 %)
✗ No
—
Loan type Jumbo is not permitted on this line. Take-out investor "Chase" is not approved on this line. Insufficient capacity: needs ¤853,125, only ¤800,000 available.
2024-00814
Olivia Brooks
VA
¤245,750
Ginnie Mae
Wells Fargo Standard
¤998.51
Line-by-line evaluation for 2024-00814
Line
Eligible?
Cost
Notes
Wells Fargo Standard (6.75 %)
✓ Eligible
¤998.51
JPMorgan Line A (6.25 %)
✓ Eligible
¤1,069.86
Comerica Jumbo Line (7.10 %)
✗ No
—
Loan type VA is not permitted on this line. Take-out investor "Ginnie Mae" is not approved on this line. Loan amount ¤245,750 is below the line minimum ¤500,000.
Texas Capital Gestation (5.90 %)
✗ No
—
Expected dwell of 22 days exceeds the line max of 20 days.
2024-00815
Daniel Reed
Conventional
¤410,000
Freddie Mac
Texas Capital Gestation
¤1,082.72
Line-by-line evaluation for 2024-00815
Line
Eligible?
Cost
Notes
Texas Capital Gestation (5.90 %)
✓ Eligible
¤1,082.72
Wells Fargo Standard (6.75 %)
✓ Eligible
¤1,135.83
JPMorgan Line A (6.25 %)
✓ Eligible
¤1,196.35
Comerica Jumbo Line (7.10 %)
✗ No
—
Take-out investor "Freddie Mac" is not approved on this line. Loan amount ¤410,000 is below the line minimum ¤500,000.