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.
