Skip to content
BOL Conferences
Learn More - Click Here!

New Reply
Post Icon
Smilies Insert Link Insert Email Link Insert Image Link Insert Media Tag List Bold Italic Underline Strike-through Spoiler Quote Font Color Fonts Font Size
Make textarea smaller
Make textarea bigger
Post Options

HTML is disabled.
UBBCode is enabled.
Poll Manager (Total Polls: 0)




In Response To:
Thread Starter: Anonymous
Title: Re: Construction/Permanent Single Closing - General QM

Hello, I'm wondering how construction to permanent loans with a single closing should be treated under the GSE's new General QM price-based threshold test.

For ARM loans, we must use the highest interest rate that'll be in effect during the first five years. However, it seems that this will basically always automatically disqualify ARM loans from General QM classification since the APR will exceed the APOR by more than 2.25%.

Are construction loans somehow exempt from the new General QM price-based threshold test? Thanks.