FHA Streamline Refinance Without Appraisal
EXHIBIT 4-17
AFFILIATED
MORTGAGE COMPANY
FHA Streamline Refinance Without Appraisal
Maximum Mortgage Calculation Worksheet
* Effective with Case #'s Assigned on or after November 18, 2009*
Borrower Name: Calculation # 1 (A)
1. Statutory Limit for County
Calculation # 2 (B)
(Existing Debt)
1. Unpaid Principal Balance (plus up to 1 month interest from payoff statement)
2. Minus LESSER of:
a.Unearned UFMIP Refund (from FHA
Refinance Authorization)
$ - OR -
b.New Estimated UFMIP
$
c. Maximum UFMIP (lesser of a or b)
$ yhj
- $
Loan #: 1. $
2. $
MAXIMUM BASE MORTGAGE $ Plus UFMIP $
TOTAL NEW MORTGAGE AMOUNT: $
Based on the lesser of 2 calculations
(Maximum Base x 1 50%* or 225%) *Depending on case # assignment date
Streamline Refinance WITHOUT an Appraisal ? New UFMIP will be 1.500% for case numbers assigned on or after October 1, 2008 ? Loan must meet all requirements per ML 2009-32
Affiliated Mortgage Company 06-09-10
Exhibit 4-17
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