I’m not in a rural / underserved area. Can I make a Small Creditor QM?

Answered by:

Question:

To be a Small Creditor QM, must the loan be made in a rural or underserved area?

Answer:

No. There is no constraint on the geographic location of a loan to meet the Small Creditor QM requirement. But here are many other qualifying requirements! Learn what they are, and if they have changed. Tune into the upcoming webinar “Taking a Fresh Look at Qualified Mortgages and the Ability-To-Repay Rule” on February 15, 2023!

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Learn more about Rebekah Leonard’s Taking a Fresh Look at Qualified Mortgages and the Ability-To-Repay Rule webinar.