View 4a: Loan Origination Page/New or Refinanced Loan at Closing (Part One)

Select if the loan is assumable by another borrower.

Select if there is a temporary buydown subsidy. A subsidy is money paid by the borrower or third party for the purpose of paying down the interest rate or reducing the monthly payments.

Select if the loan has been modified or is an Option Adjustable Rate Mortgage (ARM). Capitalized mortgages are those in which accrued interest, taxes, hazard insurance premiums and/or late charges are added to the unpaid principal balance of the loan. Interest capitalization occurs any time interest (accrued and unpaid) and loan fees are added to the outstanding principal balance of a loan.

Select if the loan is a construction loan.

Select if the loan has a convertible characteristic.

Select if the loan qualifies for a Fannie Mae Affordable Product program as specified in the Fannie Mae Selling Guide. HomeReady is the only standard Fannie Mae Selling Guide product that is considered an affordable program. The lender's Master Agreement may contain variances for other affordable products. The lender must contact its Fannie Mae Account Manager or Credit Account Risk Manager (CARM) with questions about specific variances.

Select if at the time of delivery, the Note is stored electronically (eNote) rather than by traditional paper documentation.

Select if the loan is part of a corporate relocation program.

Select if the property has a shared equity mortgage. These mortgages are typically done as part of an affordable lending program with a government agency or nonprofit sharing some of the costs (and ownership), and thereby incurring lower payments or costs to purchase for the homeowner. All loans (first or second) with a shared equity feature are to be identified as shared equity loans, regardless of the form of the investor.