Help with Point 7.4: 203K Worksheet Calculations

BJ Bounds

The second post in our help series is about a calculation error in Line 13 of Section B of the 203K Worksheet.

When you start working in the worksheet, you’ll notice that the “Sub-Total for Release at Closing” does not include all fields from line items B6 through B9 plus B11 and B12 as it should.

This is a very quick fix.  The field in line 11 must be unlocked for the calculation to work properly.  Here’s what you need to do:

  1. Scroll to section B. Rehabilitation and Other Allowable Costs.
  2. Insert a check into the lock box Next to Line item 11. Supplemental Origination Fee
  3. Remove the fee amount and then remove the check from the lock box.

That’s it.  The calculation is now correct.  If you want details and illustrations, visit the KB article # 0269 or call our support team at 800-342-2599.

Don’t miss next time when I’ll be talking about transfer taxes.

One Response to Help with Point 7.4: 203K Worksheet Calculations

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