FHA Streamline Loans HPML Status
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:
- ATR/QM Fee threshold unless the property is Manufactured
- Section 32 APR (APOR + 6%) requirements
Contact your CMS Account Executive should you have any questions.