Module 6: Programs and Products - Refinance
The information in this document is current as of the Last Update date noted above. This document does not establish or modify the policy contained in FHA s Handbooks and Mortgagee Letters in any Family Housing Policy Handbook : Title II Insured Housing Program Forward Mortgages Origination through Post-Closing/EndorsementModule 6: Programs and Products -RefinanceAs of June 30, 2016Presented by:Kevin Stevens, DirectorSingle Family Housing, Home Mortgage Insurance Division2FHA s Office of Single Family Housing Training Module23FHA s Office of Single Family Housing Training ModuleIntroductionThe Programs and Products Refinances section of the Handbook provides Mortgagees FHA s underwriting requirements for the following allowable Refinance transactions: Cash-Out Refinances No Cash-Out Refinances Rate and Term Refinances S
May 02, 2016 · Rate and Term Simple Refinance Streamline Refinance All proceeds are used to pay existing Mortgage liens on the subject property and costs associated with the transaction. FHA-insured Mortgage in which all proceeds are used to pay the existing FHA-insured Mortgage lien on the subject property and costs associated with the transaction.
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