lending organizations, Home loans

Are Any Lenders Exempt From Ability-To-Repay Rules?

Are Any Lenders Exempt From Ability-To-Repay Rules? Unlimited Mortgage Lending
This video explains that some specific kinds of lending organizations are exempt from the ability-to-repay laws enacted in 2014. These include:
  • Community Development Financial Institutions
  • Community Housing Development Organizations, or
  • Downpayment Assistance Providers, and
  • State Housing Finance Agencies
In addition, small nonprofit organizations that make relatively few home loans, and loans made under Federal programs such as the Emergency Economic Stabilization Act may be exempt. The laws and guidelines are intended to help consumers and lenders avoid risk. ‘If you want to confirm a lender’s statement ‘about being exempt from Ability-to-Repay inquire with the Consumer Financial Protection Bureau online, or by telephone.
Share post
Share on facebook
Share on twitter
Share on linkedin

Check if you Qualify for a Loan

Before you start shopping for a home, you need to know exactly how much you can actually qualify for.

Answer 6 simple questions to make sure that you meet the simple basic requirements to qualify for a mortgage.  Once in our “Exclusive Pre-Qualifying Mortgage Calculator,”  all you have to do is plug in your numbers to see if you qualify.  This calculator is based on the income, debt, and purchase price that you enter and will show you if you qualify or not for a Conventional Mortgage Loan or an FHA (Federal Housing Administration) Mortgage Loan.

Search Posts

Recent Posts


[gravityform id="3" title="false" description="false" ajax="true"]

Have a Question? Talk to Our Expert.

Unlimited Mortgage Lending is here to help. If you have any questions about your dream house loan program, never hesitate to call.

Skip to content