Refinance Credit Query - Business Background

Refinance Credit Query is used to determine the refinance credit available for an active FHA-insured loan (case) that is being refinanced. However, it cannot be used for a HECM refinance case. Refinance Credit Query provides 30-day and 60-day calculations based on the projected closing date of the new loan.

Refinance credit is upfront MIP that was paid but not earned by HUD. It was formerly known as the refi netting amount. Refinance credit from the old case is applied to the new case when an upfront MIP payment is remitted for the new case.

Refinance Credit Query can be used before Case Number Assignment is processed for the new loan and a Refinance Authorization Number is issued. Refinance Credit Query does not issue or provide the Refinance Authorization Number. After Case Number Assignment is processed for the new loan, you can use Refinance Authorization to view refinance information (including the Refinance Authorization Number) and update the projected closing date.

You can access Refinance Credit Query through the following sequence of FHA Connection links: Single Family FHA, Single Family Origination, Case Processing, and Refinance Credit Query.

Refinance Credit Query - Business Background

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