Selling Guide

Published April 07, 2021

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What is the maximum IPC for a HomePath property?

Interested Party Contributions

In cases where the subject property is a HomePath property, an exception to the maximum interested party contribution (IPC) limit for principal residences is permitted, as described in the table below. All other requirements related to IPCs, as described in B3-4.1-02, Interested Party Contributions (IPCs), continue to apply. 

   Occupancy Type     

   LTV/CLTV Ratio     

   Maximum IPC     

  Principal Residence     Greater than 90%   6%

Note: DU is not able to determine if the subject property is a sale of a HomePath property. DU will issue a message if the amount of the IPC appears to exceed the standard limits described in B3-4.1-02, Interested Party Contributions (IPCs). The lender must determine whether the subject transaction is a purchase of a HomePath property eligible for the higher IPC limit and document the loan file accordingly. 

For additional information, see B5-4.2-03, Loans Secured by HomePath Properties.

 

 

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