Type One / Type Two checklist
Questions to ask a lender
Classification
Ask the lender to show the type classification and each protection on your disclosures. This is not a government website.
Last reviewed against the primary sources listed below.
Type
- Is my loan Type I or Type II, and why?
- Would any change in the loan amount change the type?
Protections
- How does this loan meet the net tangible benefit test?
- When will I receive the equity comparison?
Costs
- Is the funding fee financed, and how does that affect the type?
How to use the answers
Enter your numbers in the type classifier.