How to enter EMD and other credits?
A step-by-step guide on how to enter EMD, Seller, Lender, Realtor, and other credits.
- General credits are to be added here
- If there are true Seller Paid Closing costs it will need to be itemized in the Disclosure > Cost Details section
- If there is a forgivable grant for DPA and it is not recorded and does not count towards LTV use the Other option.
- Within the loan file go to the overview screen
- Go to Details of Transaction and hit edit.
- Navigate to BELOW section K in the Add Purchase Credit drop-down.
- Make your selection and enter the dollar amount.