Introduction to Mortgage Origination Examinations Training

3/7/2025

Internal Use Only

Qualified Mortgages

“GSE-Eligible” Category of QMs: Any loan that meets the product feature requirements & is eligible for purchase, guarantee, or insurance by a GSE, FHA, VA, or USDA is QM regardless of the debt-to-income ratio.

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Internal Use Only

Qualified Mortgages

Small Creditor Category of QMs: Less than $2B in assets & originate 500 or fewer first mortgages per year, loans you make & hold in portfolio are QMs if you have considered & verified borrower’s debt-to-income ratio.

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