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 |
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