24.401(d)(4)

(4) Purchaser's points and loan origination or assumption fees, but not seller's points, shall be paid to the extent:

  • 24.401(d)(4)(i) They are not paid as incidental expenses;...
  • 24.401(d)(4)(ii) They do not exceed rates normal to similar real estate transactions in the ...
  • 24.401(d)(4)(iii) The Agency determines them to be necessary; and...
  • 24.401(d)(4)(iv) The computation of such points and fees shall be based on the unpaid mortga...
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