FHA loan with no Appraisals
Existing Debt: The sum of the existing FHA insured first lien, closing costs, accrued late charges, escrow shortages, reasonable discount points and the pre-paid expenses necessary to establish the escrow account minus any refund of UFMIP plus the new up-front MIP. Did you know you can do a streamline refinance of your FHA loan with no Appraisal. The existing first lien may include the interest charged by the servicing lender, when the payoff is not received by the first of the month, but may not include delinquent home mortgage loan quote interest. Sum of the existing FHA insured first lien, closing costs, accrued late charges, escrow shortages, reasonable discount points and the prepaid expenses necessary to establish the escrow account minus any refund of UFMIP plus the new up-front MIP.