3.42- What is Total points and fee threshold?

For a loan amount greater than or equal to 114,847$ points and fees may not exceed 3 percent of the total loan amount. For a loan amount greater than or equal to 68,908 but less than 114,847$, points and fees may not exceed 3,445$.

Related Topics: What are Mortgage Points What are Permitted fees, payments, and compensation (e.g., Loan Estimate)?

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