The HUD Higher Priced Mortgage Loan (HPML) rule exempts FHA Streamline loans from the Federal ATR/QM Higher Priced Maximum APR requirement.
CMS will accept FHA Streamlined loan submissions that exceed HPML APR Thresholds (APR can exceed APOR + 1.15 + MIP).
FHA Streamlined loans will remain subject to:
Contact your CMS Account Executive should you have any questions.
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Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00