Resolve for Fannie 3062 Freddie DQC1558 CRIT0043:
- The interest rate is required and must be 'NoteRatePercent', 'WeightedAverageInterestRate', 'DisclosedFullyIndexedRatePercent', or 'BuydownInitialEffectiveInterestRatePercent'.
- The interest rate is required.
One of the following must be completed:
- Loan Estimate > Loan Terms Interest Rate
- On the Borrower Information screen, complete the Note Rate field in the Loan Summary section
- Truth-In-Lending > Rate Adjustments complete the Margin and Index % fields to populate the Closing Disclosure pg. 4 > Adjustable Interest Rate (AIR) Table Index + Margin % field
TIL > Rate Adjustments
- eLoanFile > Loan Product > Buydown Final Buydown Rate
- Truth-In-Lending > Buydown Mortgage section, complete as appropriate