19.4.4.6 Change(s) to Permanent Financing After Initial Closing

A. Re-processing of loans for changes to the permanent financing from the terms in the Firm Commitment after Initial Closing is generally prohibited by Chapter 3, Section 3.1.4. Changes are only allowed in the limited situation of a bond deal, as the permanent interest rate may not be known at Initial Closing (see Chapter 8, Section 8.15.2). If the evidence submitted in preparation for Final Endorsement indicates that permanent financing is not available at the interest rate, term length, or mortgage loan amount identified in the Firm Commitment, then the Firm Commitment must be reprocessed accordingly.