USA Today, April 23, 2023, Mortgage Fees Are Changing For Homebuyers Next Month. Here’s What You Should Know.
Starting May 1, upfront fees for loans backed by Fannie Mae and Freddie Mac will be adjusted because of changes in the Loan Level Price Adjustments (LLPAs), the fees that vary from borrower to borrower based on their credit scores, downpaymenets, types of home, and more. The changes relate to credit scores and downpayment sizes.
