# Eligibility Reminder: Higher Priced Mortgage Loan (HPML)

Source: https://www.gatewaycorrespondent.com/announcements/eligibility-reminder-higher-priced-mortgage-loan-hpml

Eligibility Reminder: Higher Priced Mortgage Loan (HPML)

The recent changes in annual FHA MIP, as noted in HUD Mortgagee Letter 2013-04, may affect the eligibility of loans submitted to Gateway Mortgage Group for purchase.  As a reminder, Gateway will not purchase a Higher Priced Mortgage Loan (HPML), as defined in Regulation Z.  For reference, Average Prime Offer Rate (APOR) tables may be accessed here: [https://www.ffiec.gov/ratespread/aportables.htm](https://www.ffiec.gov/ratespread/aportables.htm)

*Please direct questions to your Sales Manager.*