Lender Guidelines: 6.1 Program Fees

Lender Guidelines: 6.1 Program Fees

For Non-Bond DPA (no MCC) and Bond DPA: The following fees will be deducted from the mortgage loan purchase price by Lakeview:

 

• $250 Funding Fee

• $75 Tax Service Fee

• $10 Flood Transfer Fee

• $200 Compliance Review Fee

• For loans with representative FICO scores of 620-639, an origination charge of:

o 0.50% of the loan amount for FHA, VA or USDA-RHS loans

 

For Non-Bond DPA (with MCC): The following fees will be deducted from the mortgage loan purchase price by Lakeview:

 

• $250 Funding Fee

• $75 Tax Service Fee

• $10 Flood Transfer Fee

• $200 Compliance Review Fee

• For loans with representative FICO scores of 620-639, an origination charge of:

o 0.50% of the loan amount for FHA, VA or USDA-RHS loans

• $400 MCC Issuance Fee*

*The $400 MCC Issuance Fee will not be charged to borrowers in the Homes for Texas Heroes program who are receiving non-bond down payment assistance in combination with the MCC. The $400 MCC Issuance Fee will be charged to borrowers under the Home Sweet Texas program. 

For access to the full TSAHC DPA & MCC Guidelines, please click here.

 

 

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