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Change to Allowable Closing Costs for 203(k) Rehabilitation Loans (Nov. 3rd, 2009):

Please click here, to see Notice H2009-17 which revises certain provisions related to allowable closing costs for 203(k) rehabilitation loans.  For 203(k) loans, HUD will reimburse loan origination fees up to: one percent (1%) of the total 203(k) mortgage amount, plus the Supplemental Origination Fee calculated on line B11 of form HUD-92700 (line B11 is the greater of $350 or 1.5% of the total of rehabilitation costs and allowable fees.)