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The Worksheet
and Mortgage Information sections
contain monetary information. If entered incorrectly, denial
of FHA insurance endorsement may result. Below are key points:
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Insurance
Application cannot be processed if loan
to value (LTV) ratio exceeds HUD
limits. |
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Case
information used to calculate LTV must be entered
correctly. |
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Mortgage
Amount (w/o financed UFMIP) must be within Federal Housing
Administration (FHA)
mortgage limits. |
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Complete the Secondary Financing Update page (available from Case Processing) for each secondary financing source utilized by the borrower. |
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If 203k Calculator was completed for a 203(k) Rehabilitation Mortgage Insurance case, some fields are labeled differently and are pre-filled with view-only information from 203k Calculator. |
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