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#2256900 - 07/19/21 07:11 PM FHA QM Safe Harbor- Points and Fees test
Cheli Offline
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Cheli
Joined: May 2013
Posts: 919
Good afternoon-
I feel a little silly asking this question:
I am receiving a failed points and fees test for a FHA loan. The auditor is stating a specific fee (an origination fee) is causing the fail... Very new to the FHA world and the QM Safe Harbor rule. My question is, where do I look to see what is included in an FHA's points and fees test?

Thank you kindly in advance.

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Ability to Repay/Qualified Mortgage Rule
#2256902 - 07/19/21 07:36 PM Re: FHA QM Safe Harbor- Points and Fees test Cheli
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 76,962
Galveston, TX
FHA loans have the same point and fees test as 1026.43(e)(3) and a rebuttable presumption if the APR exceeds the APOR by no more than 2%.
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#2256933 - 07/20/21 12:41 PM Re: FHA QM Safe Harbor- Points and Fees test Cheli
Cheli Offline
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Cheli
Joined: May 2013
Posts: 919
Thank you, Randy. I appreciate your quick response.

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