Mortgage Rates
Refinance Rates
FHA Rates
VA Rates
Jumbo Rates
Adjustable Rate Mortgage Rates
Interest Only Mortgage Rates
Non-Owner Occupied Rates
Home Equity Loan Rates
Example Qualified Mortgage Scorecard

Example Qualified Mortgage Scorecard

The Qualified Mortgage Scorecard determines if a mortgage is a Qualified Mortgage according to a set of government guidelines. The QM guidelines focus on the borrower's ability to pay back the mortgage and key features of the loan. We provide a detailed discussion of the Qualified Mortgage guidelines. In the Qualified Mortgage Scorecard example document below we show a loan that complies with the QM guidelines as the borrower spends 38.5% of his or her monthly gross income on total monthly housing expense plus other monthly debt, which is less than the 43.0% maximum debt-to-income ratio permitted according to the QM rules.

The example also shows that the mortgage has no negative amortization, interest only period or balloon payment, a loan term of no more than 30 years and lender fees below a specified limit, all of which satisfy QM guidelines.  Please note that this is an example Qualified Mortgage Scorecard that should be used for informational purposes only.

Current Mortgage Rates as of January 23, 2019
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact
View All Lenders


Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.

Get Free Personalized Mortgage Quotes

First Name:
Last Name:
Phone Number:

My Mortgage Info

Mortgage Type
Credit Score
Loan Amount
Property Value
FREEandCLEAR.comThank you for submitting your information!
FREEandCLEAR.comYour mortgage quote request has been sent to our lending partners and you should receive emails from multiple lenders shortly
FREEandCLEAR.comComparing proposals from multiple lenders is the best way to save money on your mortgage!