23-31: Updates to Conventional LLPAs


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.

announcement 23-31 table image

(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.