Skip to content

What happened to the fifth Qualified Mortgage option?

Question: 
How many Qualified Mortgage options exist today?
Answer: 

While the regulation still refers to 5 qualified mortgage options, the temporary balloon payment option expired on April 1, 2016; therefore, there are only 4 qualified mortgage options available.

-----------------------------
Learn more about Kelly and Jack’s webinar
Ability-to-Repay/Qualified Mortgage – Review and Update

First published on 08/27/2017

Search Topics