Loan Amount: Points & Fees Cap:
$102,894 & Up…………………… 3% (of the Total Loan Amount)
$61,737 – $102,893.99………….. $3,087
$20,579 – $61,736.99…………… 5% (of the Total Loan Amount)
$12,862 – $20,578.99…………… $1,029
Under $12,862…………………… 8% (of the Total Loan Amount)
**The above thresholds apply to most types of QMs. However, if your institution originates “Special QMs” under any government programs (HUD, VA, etc.), you should check those specific program requirements.