CFPB Final High-Cost Mortgage Rule Includes Limited Exemption for HFAs. A loan of less than $20,000 with borrower-paid points and fees that exceed the lesser of 8 percent of the loan amount or $1,000. A loan of $20,000 or more with points and fees that exceed 5 percent of the loan amount.
All mortgage product related costs should be outlined in a mortgage. Since then, "An Act to conform state mortgage Laws with Federal Laws" took.. Adjustable rates do not automatically make a loan a higher priced mortgage loan. mortgage loan less any excluded points and fees exceed 5% of the total loan amount; and.