Overview
Lender credits help you contribute toward buyer closing costs as part of builder partnerships or other lending arrangements. Deal Details gives you flexibility in how these credits are calculated: you can lock in a specific dollar amount that stays constant regardless of loan size, or set a percentage that adjusts automatically when the sales price changes. This ensures your scenarios always reflect the correct credit structure for each unique relationship.
Before You Start
Requirement | Details |
Active deal | Open an existing deal or create a new one in Deal Details |
Builder/partner terms | Know whether your agreement requires a fixed dollar amount or percentage-based credit |
Credit amount | Have the specific dollar figure or percentage ready to enter |
Step-by-Step: Setting Up Lender Credits
1. Access Key Metrics
Open your deal in Deal Details
Navigate to the Key Metrics section where lender credit settings are located
2. Choose Your Credit Type
Credit Type | When to Use |
Locked Dollar Amount | Your agreement specifies a fixed credit (e.g., $1,500) that stays the same regardless of sales price or loan amount |
Percentage of Loan Amount | Your agreement requires a percentage-based contribution (e.g., 0.5%) that scales with the loan size |
3. Configure a Fixed Dollar Credit
Activate the "Locked Dollar Amount" option
Enter your specific credit amount (e.g., $1,500)
⚠️ Important: When using a locked dollar amount, the percentage shown will automatically adjust as the sales price changes, but your actual dollar contribution remains constant.
4. Configure a Percentage-Based Credit
Enter your required percentage in the lender credit field (e.g., 0.5%)
The dollar amount will calculate automatically based on the current loan amount
When the sales price changes, the dollar amount updates while the percentage stays fixed at your specified rate.
How Credits Display in Scenarios
Viewing Applied Credits
Location | What You'll See |
Key Metrics | Your configured credit type and amount |
Expanded Scenario | Total credits displayed as a line item (e.g., "Lender Credit: $2,070") |
After saving your settings, the lender credit appears in the Total Credits section of each scenario, giving your borrowers clear visibility into the contribution.
Finishing Up
1. Save Your Settings
Click Save and Apply to lock in your lender credit configuration
The credit will now appear in your deal scenarios
2. Verify the Display
Review the expanded scenario view
Confirm the lender credit amount displays correctly under Total Credits
Quick Reference
Open Deal → Key Metrics → Select Credit Type (Fixed $ or %) → Enter Amount → Save and Apply → Verify in Expanded Scenario
Tips for Success
Document your builder agreements—keep a reference sheet of which partners require fixed amounts versus percentages so you configure each deal correctly from the start
Test price changes—after setting up a locked dollar amount, adjust the sales price temporarily to confirm your credit stays fixed while the percentage recalculates
Use percentages for scaling deals—when working with builders who have varying price points but consistent percentage requirements, the percentage option saves you from manual recalculations
Review before presenting—always check the expanded scenario view to see exactly how your lender credit will appear to borrowers
Related Topics
Setting Up Builder Partnerships
Understanding Key Metrics
Presenting Scenarios to Borrowers
Managing Closing Cost Credits