Lender Guideline: 8.2 Change in Purchase Price
Lender Guidelines: 8.2 Change in Purchase Price
For a change in purchase price after the commitment and prior to closing which does not exceed the maximum purchase price limit, the Lender will be required to submit a corrected Program Affidavit, re-executed by the borrower, through the Lender Portal for additional review. If the purchase price of the applicable residence increases so as to exceed the maximum purchase price limit, the commitment shall be revoked and the registered/locked loan will be cancelled.
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