LoanStream will transition from the LIBOR Index to the Secured Overnight Financing (SOFR) Index for our NanQ (Non-QM) adjustable-rate mortgage (ARM) programs.

To comply with the required timeframe, please be aware of the following important dates:

  • LIBOR Index ARMs (NanQ, Non-QM)
    • The last day for loan submission and locks is Tuesday, December 21st, 2021.
  • SOFR Index ARMs (NanQ, Non-QM)
    • New submissions and locks begin on Wednesday, December 22nd, 2021.

Active Loan Pipeline Transition to SOFR
LIBOR Index ARM (NanQ) loans that do not close by December 31st, 2021, will be automatically transitioned to SOFR ARM. A Change of Circumstance (COC) will be generated, and LoanStream will redisclose the loan.

New SOFR ARMs for NanQ (Non-QM) Programs
The new SOFR ARM products will remain 5 or 7 year fixed to adjustable-rate products, with a subsequent 6-month rate change in place of the current yearly rate change, after the fixed-rate period.

About LoanStream’s SORF ARM Programs

Index: SOFR, the 30-day average of the overnight Secured Overnight Financing Rate as published by the Federal Reserve Bank of New York.

Margin: 4.0

Life Floor: The floor is the margin


Interest Rate Caps

Product First Subsequent Lifetime


Change Date

Product First Change Date
The first Change Date is the 61st payment due date. Subsequent Change Dates are every 6 months thereafter.
The first Change Date is the 85th payment due date. Subsequent Change Dates are every 6 months thereafter.


Conversion Option


We appreciate your business. Please contact your Account Executive regarding your immediate questions.

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