Seller/Servicer Memorandum 22-02

Date:  March 21, 2022

From:  Jan Miyagishima
            Director, Mortgage Operations

SELLING GUIDE REVISIONS: CONTACT UNDERWRITING
(Anchorage Only: 907-330-8400/ Outside Anchorage: 888-854-3884)

Interest rate buydown fees
(Section 1005.09.E) 

Effective immediately, the following fee schedule will be used to determine interest rate buydown fees.

 

Interest Rate Buydown Buydown Fees
30 Year 15 year
0.125 0.625 0.625
0.250 1.250 1.250
0.375 2.000 2.000
0.500 2.750 2.750
0.625 3.500 3.500
0.750 4.250 4.250
0.875 5.125 5.125
1.000 6.000 6.000