Ufmip Refund Chart
Upfront Mortgage Insurance Premiums (UFMIP), Continued 4155.2 7.2.f UFMIP 5 Year Refund Schedule Below is the 5 year UFMIP refund schedule with UFMIP earnings factors.
Microsoft Word - FHA UFMIP Refund Chart. U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASHINGTON, DC 20410-8000 ASSISTANT SECRETARY FOR HOUSING-FEDERAL HOUSING COMMISSIONER www.hud.gov espanol.hud.gov January 6, 2005 ...
... < 90.00 1.250 UFMIP.500 Monthly 1.250 UFMIP.500 Monthly 1.250 UFMIP.500 Monthly 1.500 UFMIP.500 Monthly 1.500 UFMIP.500 Monthly 90.01 ... Refund of Upfront Premiums Refunds of upfront premiums are available to borrowers refinancing to another FHA-insured mortgage within a three-year time period, ...
... FHA collects an • up front mortgage insurance premium ... has not been received by FHA, the case cannot be insured. 4155.2 7.2.e UFMIP Refunds Borrowers are entitled to a partial refund of the UFMIP paid at ... see HUD 4155.1 2.A. 4155.2 7.3.e Reference Chart: UFMIP and Annual MIP for Mortgages ...
Effective for loans closed on or after January 1, 2001, HUD reduced the Upfront MIP ("UFMIP"); shortened the UFMIP refund schedule; ... [The new UFMIP and Annual MIP Premium Chart is attached to Mortgagee Letter 00-38.] 2.
Maximum Mortgage BEFORE UFMIP: ... Outstanding principal balance – UFMIP refund + new UFMIP New loan term may not exceed the remaining term plus 12 years or new appraisal is required. The maximum is 125% CLTV with re-subordination of any subordinate financing.
... appraiser's estimate of value plus the new UFMIP or the sum of the outstanding principal balance minus the applicable refund of UFMIP, plus related closing costs and prepaid expenses for the refinance ... Up-front 2.25% 2.25% REFERENCE CHART FOR UP REFINANCES ...
(This will allow the borrower to bring fewer monies to the closing.) 4-C. UFMIP REFUND IS GREATER THAN THE NEW UFMIP ... É See County limits Chart for Max Loan Amount. ...
... Mortgage Amount Calculation The maximum FHA insurable mortgage is the outstanding principal balance minus the applicable refund of the UFMIP plus the new UFMIP ... WITH TERMS ≤15 YEARS Upfront 2.25% 2.25% Upfront MIP REFERENCE CHART FOR UPFRONT AND ANNUAL MIP FOR PURCHASE MORTGAGES REFINANCES ...
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