On the recordApril 12, 2015
One of the criteria is that the up-front costs ('points and fees') not exceed three percent of the total loan amount.
Source
presidency.ucsb.edu“One of the criteria is that the up-front costs ('points and fees') not exceed three percent of the total loan amount.”
Statement of Administration Policy: H.R. 685 - Mortgage Choice Act of 2015
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