| Field |
Description |
| FHA Case Number |
Unique 10-digit identifier
assigned by the Federal Housing Administration (FHA) to the active FHA-insured
mortgage being refinanced. |
| Projected Closing Date |
Estimated closing date of the
new mortgage for which FHA insurance is requested. Note: Refinance credit (refi netting amount) is calculated based
on this date. |
| Pricing LTV |
The loan-to-value ratio of the prior FHA-insured mortgage used to determine the upfront and annual mortgage insurance premium (MIP) factors for the new mortgage based on loan characteristics. Note: Only valid for a streamline refinance case. |
| Term |
Period of time in months from
the beginning of loan amortization until maturity. Projected period of time in months from the beginning of loan amortization
until maturity for the new mortgage (e.g., 180 or 360). |
| Upfront MIP Factor | Projected factor for determining the amount of upfront mortgage insurance premium (MIP) for the specified Term. Note: Only valid for a streamline refinance case. |
| Annual MIP Factor | Projected factor for determining the amount of annual mortgage insurance premium (MIP) for the specified Term. Note: Only valid for a streamline refinance case. |
|
Refinance Credit Query
|
| Computed Premium |
Upfront mortgage insurance premium
for the mortgage being refinanced. |
| Original Property
Value |
Appraised value or sales price
of the property, whichever was used in the loan-to-value calculation for the FHA-insured mortgage being refinanced. |
| Original Mortgage
Amt |
Dollar amount that identifies
the principal obligation for the FHA-insured mortgage being refinanced as stated
on the borrower's security instrument at the time of endorsement. |
| Original Closing Date |
Date of the closing of the FHA-insured mortgage being refinanced. |
| Old
Term (in months) |
Number of months required to amortize
(repay) the FHA-insured mortgage being refinanced. |
| Original Endorsement Date |
Date the mortgage being refinanced was endorsed for FHA insurance. |
| Original Annual MIP Factor (%) |
Factor
used to determine the amount of annual mortgage insurance premium (MIP) for the prior FHA-insured mortgage. |
| New Closing Month |
Projected closing month for the
new mortgage and month following.
| First Column: Thirty-day calculation
column. Month and year of the closing of the new FHA-insured
loan, based the Projected Closing Date.
|
| Second Column: Sixty-day calculation
column. Month and year following the Projected
Closing Date. |
|
| Period of Insurance |
Number of months the mortgage being
refinanced has been FHA-insured, based on the Projected
Closing Date. |
| Refund UFMIP Factor (%) | Factor used to calculate the upfront mortgage insurance premium (UFMIP) refinance
credit amount, based on the Projected Closing Date. |
| UFMIP Earned by HUD | Dollar amount of upfront mortgage
insurance premium (UFMIP) earned by HUD, based on the Projected
Closing Date. |
| Unearned UFMIP | Dollar amount of upfront mortgage
insurance premium (UFMIP) not earned by HUD, based on the Projected
Closing Date. Refinance credit amount. |
| Original Property Value | Appraised value or sales price
of the property, whichever was used in the original loan-to-value calculation. |
| Unpaid Balance |
Unpaid principal balance of the prior FHA-insured mortgage. |
| Prior Case Partial Claim Exists? |
For an FHA-to-FHA refinance, this specifies whether a partial claim exists for the prior FHA-insured mortgage (case) per the Single Family Insurance System-Claims Subsystem (CLAIMS/A43C) (i.e., Claim Type 33, and Status Code 1 or 2). |
| Prior Case Partial Claim Amount |
For an FHA-to-FHA refinance, this is the partial claim amount for the prior FHA-insured mortgage (case) retrieved from the Single Family Insurance System-Claims Subsystem (CLAIMS/A43C). If a partial claim does not exist, N/A is displayed. |