2017 Qualified Mortgage Points & Fees Threshold

BSA Training and Banking Regulations Compliance Consulting amy11 - 2017 Qualified Mortgage Points & Fees ThresholdThe Points & Fees thresholds for determining QM status have been decreased and cannot exceed the following:

Loan Amount:                              Points & Fees Cap:

$102,894 & Up…………………… 3% (of the Total Loan Amount)

$61,737 – $102,893.99………….. $3,087

$20,579 – $61,736.99…………… 5% (of the Total Loan Amount)

$12,862 – $20,578.99…………… $1,029

Under $12,862…………………… 8% (of the Total Loan Amount)

**The above thresholds apply to most types of QMs. However, if your institution originates “Special QMs” under any government programs (HUD, VA, etc.), you should check those specific program requirements.

Share This