Transcription of HUD REO $100 Down Maximum Mortgage …
1 HUD REO $ 100 down maximum mortgage calculation Sales Price .. $_____ Subtract Downpayment .. - $ Equals Base Loan Amount .. = $_____ Base Loan Amount .. $_____ Multiplied by UFMIP Factor .. x 1% Equals UFMIP .. = $_____ Base Loan Amount .. $_____ Plus UFMIP .. + $_____ Equals Total Loan Amount .. = $_____ HUD REO $100 down w/Repair Escrow Maximum Mortgage calculation Sales Price .. $_____ Plus Repair Escrow Amount .. + $_____ Subtract Downpayment .. - $ Equals Base Loan Amount .. = $_____ Base Loan Amount .. $_____ Multiplied by UFMIP Factor .. x 1% Equals UFMIP .. = $_____ Base Loan Amount .. $_____ Plus UFMIP.
2 + $_____ Equals Total Loan Amount .. = $_____ NOTE: The UFMIP can only be financed if the total loan amount does not exceed 100% of the As Is appraised value NOTE: The UFMIP can only be financed if the total loan amount does not exceed 110% of the As Is appraised value
