SS Multifamily Memo 11-01

MULTI-FAMILY LOAN PURCHASE PROGRAM
MULTI-FAMILY FEDERALLY INSURED LOAN PURCHASE PROGRAM
Contact: Eric Havelock, Multi-Family Underwriting Supervisor

Date: January 25, 2011

Interest Rate Buydowns

(Section 1002.02.M.4 & 1002.04.C - Respectively)

Effective with the date of this memo, the fee structure for an interest rate buydown is reflected in the chart below.

A buydown associated with a commitment issued prior to the date of this memo will be honored as stated in the commitment contract.

Interest Rate

Buydown Amount

Buydown Fee

15 year

30 year

.125

.500

.500

.250

1.000

1.125

.375

1.750

2.000

.500

2.500

2.875

.625

3.500

3.750

.750

4.375

4.875

.875

5.375

6.000

1.000

6.500

7.125

Forms Guide revisions: Contact MULTI-FAMILY

Available in PDF. (Adobe Acrobat or Adobe Reader is required to read and print PDF files)

ATTACHMENTS

Available in PDF only. (Adobe Acrobat or Adobe Reader is required to read and print PDF files)

Attachments

Section 1002
Section 1002 Federal