Transcription of FHA Refinance Net Tangible Benefit Worksheet
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FHA Refinance Net Tangible Benefit Worksheet
FHA Refinance Net Tangible Benefit Worksheet 1 of 3 Form #3348 Effective 11/25/2013 The following Worksheet is used to determine if the borrower s net Tangible Benefit meets LenderLive's and/or FHA s requirements. FHA NET Tangible Benefit REQUIREMENTS FHA s net Tangible Benefit requirement for streamline Refinance transactions is based on the existing loan and the new loan types. All streamline Refinance transactions must provide the net Tangible Benefit required by FHA, and exceptions cannot be granted.
FHA Refinance Net Tangible Benefit Worksheet 2 of 3 Form #3348 Effective 11/25/2013 SECTION TWO - Complete this section for the following Streamline Refinance transactions only (not required for rate and
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