Fillable FHA Maximum Mortgage Worksheet Streamline Refinance (Flagstar Bank)

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FHA Maximum Mortgage Worksheet Streamline Refinance (Flagstar Bank)

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FHA Maximum Mortgage Worksheet –Streamline Refinance
IX. Government Guidelines 1 of 1 Document #9347
Return to Top 01/10/2020
Maximum loan amount before adding the financed up-front mortgage insurance premium is the lower of the
following two calculations:
STEP ONE
$
Original principal balance of the existing loan – Found on the Refinance Authorization screen in FHA
Connection
-
MIP Refund
=
Original Principal Balance Calculation
STEP TWO
$ Outstanding principal balance of the existing mortgage as of the month prior to disbursement
+ Interest due on the existing mortgage (Do NOT include for investment properties)
+
MIP due on the existing mortgage (Do NOT include for investment properties)
-
MIP Refund
=
Outstanding principal balance calculation – There is no maximum CLTV
0
0
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Completed 20 November 2020

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