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

• $500 MCC Issuance Fee*

 

*The $500 MCC Issuance Fee will not be charged to borrowers in the Homes for Texas Heroes program who are receiving non-bond government down payment assistance in combination with the MCC. The $500 MCC Issuance Fee will be charged to borrowers under the Home Sweet Texas program.

 

For MCCs Only (No DPA): The following fees will be due to the Texas State Affordable Housing Corporation:

 

• $200 Compliance Review Fee

• $500 MCC Issuance Fee

These fees must be remitted to TSAHC through an ACH transfer of funds. If an ACH transfer is not available, a corporate check for the fees may be sent to the following address:

Texas State Affordable Housing Corporation

2200 E. Martin Luther King Jr. Blvd.

Austin, Texas 78702-1344

Attn: MCC Compliance

 

 

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

 

 

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