What is the lender compensation with the Wisconsin Neighborhood Advantage?
Lenders can charge an origination fee of 1.5% or $900, whichever is greater. WHEDA will pay a servicing released premium (SRP) of 0.50%. The lender may charge miscellaneous fees, not to exceed $500, for document preparation, application, processing ,etc. The lender may also recover out-of-pocket costs incurred for the appraisal, credit report, rate lock, etc.
