Examples of FHA Mortgage in a sentence
For guidance with this section and doing business with FHA, follow applicable published FHA handbooks, mortgagee letters, or announcements.4.1 | Correspondent EligibilityTo be eligible to sell FHA Mortgage Loans to CBC Mortgage Agency, the correspondent must meet the specific eligibility requirements determined by FHA authority.
The new FHA Mortgage Loan can include the outstanding principal balance (from the payoff statement) plus odd day’s interest, minus the applicable refund of the UFMIP, plus the new UFMIP, up to a maximum amount of 97.75% of the original appraised value.
Total Loan AmountTotal Loan Amount of the FHA Mortgage is the mortgage amount including the amount of any financed UFMIP.
Buyer shall pay Private Mortgage Insurance Premium (PMI), VA Loan Funding Fee, or FHA Mortgage Insurance Premium (MIP) as required by the lender.
FHA Mortgage Insurance Certificate, or the VA Loan Guaranty or USDA/Rural Development Guaranty, as applicable.