Underwriting Fee Exemption

Clarification about U.S. Bank HFA Division’s $300 Underwriting Fee  
Minnesota Housing participating lenders are exempt from the HFA Preferred™ and HFA Preferred Risk Sharing™ underwriting requirements U.S. Bank MRBP announced in a Bulletin dated December 22, 2014. The Bulletin references a $300 underwriting fee which does not apply to Minnesota Housing lenders as lenders do not have to send conventional loans with 95.01-97% LTVs to U.S. Bank MRBP for underwriting.
Please reference the HFA Preferred and HFA Preferred Risk Sharing  product descriptions for more information about these programs.
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We are hosting an in-person training on Wednesday, February 11. The time, location and training options will be announced on our website and in a follow-up eNews. You can also view upcoming Webinars on our website. 
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