Fha mip refund refinance
[PDF File]FHA Streamline Refinance Worksheet
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• the combined principal, interest and MIP payment of the new Mortgage does not exceed the combined principal, interest and MIP of the refinanced Mortgage by more than $50. *Combined Rate refers to the interest rate of mortgage plus the annual MIP rate. FHA Upfront Mortgage Insurance Premium Refund Percentages Year Month of Year
[PDF File]Single Family FHA Single Family Origination > Upfront ...
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Updated: 08/2016 Upfront Premium Collection - Upfront Premium Case Information - 3 Single Family FHA Single Family Origination > Upfront Premium Collection The Case Master Summary Results page provides a summary of the premium, late, and interest amounts paid, refunded, and debited for the case and, when applicable, refinance information.
[PDF File]APPENDIX 1.0 – MORTGAGE INSURANCE PREMIUMS Upfront ...
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Streamline Refinance and Simple Refinance mortgages used to refinance a previous FHA endorsed mortgage on or before May 31, 2009 Hawaiian Home Lands (Section 247) Hawaiian Home Lands (Section 247) do not require Annual MIP. Mortgage Term of More Than 15 Years Base Loan Amount LTV MIP (bps) Duration Less than or equal to $625,500
[PDF File]FHA Rate and Term Refinance Worksheet
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FHA Rate and Term Refinance Worksheet (Effective 2-1-2016) General Eligibility Eligible for any loan type. Current loan does not have to be FHA-insured Appraisal required and minimum property requirements must be met Full credit qualifying required Condominium units allowed if …
[PDF File]Streamline Refinance without Appraisal – Maximum Mortgage ...
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LESSER OF UNEARNED UFMIP (MIP Refund, if applicable, from 4A Refinance Authorization Form/FHA Connection) OR THE NEW ESTIMATED UPFRONT PREMIUM 3-B = $ Maximum Mortgage BEFORE UFMIP New Base Loan Amount ** Demand must be dated in the month you are funding . CALCULATION #2 $
[PDF File]FHA SIMPLE VS. STREAMLINE REFINANCE COMPARISON
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Reduced MIP cost (same MIP schedule as streamline): o Case numbers assigned before 05/31/09 are eligible for reduced MIP of .50 Maximum 1 (x) 30 payment in last 12 months or since date of note if less than 12 months FHA Streamline Refinance FHA to FHA only
[PDF File]Chapter 7. Mortgage Insurance Premiums (MIP) 1. Types of ...
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MIP Mortgage insurance premiums (MIP) are used to protect lenders against loss in the event of a foreclosure. 4155.2 7.1.b Types of MIP For most of its mortgage insurance programs, FHA collects an upfront mortgage insurance premium (UFMIP), and annual insurance premium, which is collected in monthly installments. Note: The monthly premium ...
[PDF File]FHA Maximum Mortgage Worksheet - LenderLive
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- MIP Refund, if applicable (Enter the lesser of the new UFMIP or the unearned UFMIP stated on the Refinance Authorization) = Maximum Loan Amount before addition of the financed up-front mortgage insurance premium STEP FOUR $ LenderLive’s Loan Limit • …
[PDF File]RE: FHA MIP REFUND CALCULATIONS - Bob Hein
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When you pull the FHA case number on the new loan and indicate that this is an FHA to FHA refi you will be given the amount of their refund for a funding date within the current month and the next month. Months After Closing MIP refund Months After Closing MIP refund Months After Closing MIP refund 1 80% 13 56% 25 32% 2 78% 14 54% 26 30% 3 76% ...
[PDF File]FHA Refinance Maximum Total Loan Amount Worksheet
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Pro Rata MIP (if paying off an FHA mortgage, up to two [2] months) + $0.00 Any pre-payment penalty + $0.00 MIP Refund (if applicable and not using streamline refinance)*** - $0.00 Base Loan Amount = $0.00 New UFMIP + $0.00 Total Loan Amount = $0.00 II Appraised Value (if property has been owned less than one year, and is not already FHA $0.00
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