Pricing by Loan Type
Pricing requests can be modified to price different types of loans. This page covers the key payload changes for FHA and VA scenarios.
FHA and VA Loans
To price FHA and/or VA loans, add the mortgage types to your mortgageTypes array and set the relevant fee fields in criteria.
Key fields for FHA/VA:
| Field | Description |
|---|---|
mortgageTypes | Add "FHA" and/or "VA" to the array |
vaUsageType | Determines the VA funding fee percentage (e.g., "First_Use") |
veteranType | Determines the fee percentage (e.g., "Active_Or_Veteran") |
ufmipFinanced | "YES" to include UFMIP in total loan amount (FHA) |
fundingFeeFinanced | "YES" to include VA funding fee in total loan amount |
Example payload:
{
"companyId": "57983532e4b063ac0cad4d18",
"date": null,
"criteria": {
"purchasePrice": 500000,
"loanAmount": 400000,
"pmiType": "None",
"loanPurpose": "Purchase",
"loanType": "Fixed",
"mortgageType": "Conventional",
"propertyUse": "PrimaryResidence",
"fico": 760,
"monthlyIncome": 5000,
"monthlyDebt": 1,
"clientDti": null,
"vaUsageType": "First_Use",
"veteranType": "Active_Or_Veteran",
"ufmipFinanced": "YES",
"fundingFeeFinanced": "Yes"
},
"property": {
"address": {
"zip": "91776",
"state": "CA"
},
"propertyType": "SingleFamily",
"numberOfUnit": 1
},
"termsCriteria": [30],
"loanPurposeCriteria": ["Purchase"],
"mortgageTypes": ["Conventional", "FHA", "VA"],
"loanTypeCriteria": ["Fixed", "Variable"],
"varLoanTypeCriteria": []
}