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Get Fha Streamline Submission Checklist - Clearpoint Funding
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How to fill out the FHA Streamline Submission Checklist - Clearpoint Funding online
Navigating the FHA Streamline Submission Checklist can seem daunting, but with the right guidance, you can complete it efficiently. This guide provides step-by-step instructions to help you fill out the form online with confidence and accuracy.
Follow the steps to complete the form effectively.
- Click ‘Get Form’ button to obtain the form and open it for online completion.
- Enter the borrower name(s) at the designated field at the top of the form. Ensure the names are correctly spelled and as they appear on your official documentation.
- Input the CPF loan number, which is essential for tracking your submission correctly.
- Enter the FHA case number, as this helps identify your loan application within the FHA system.
- Proceed to the first calculation section and enter the total loan amount of your current FHA loan. This figure is crucial for determining your next steps.
- In the second calculation section, provide the existing indebtedness, starting with the unpaid principal balance. Include any applicable monthly MIP and interest as specified.
- Subtract the lesser of the unearned UFMIP or the new estimated UFMIP from the unpaid principal balance.
- Calculate the maximum base mortgage by determining the lesser value of either calculation from step 1 or step 2.
- Add the new UFMIP to the maximum base mortgage to determine the total new mortgage amount.
- Review all the entered information for accuracy, then proceed to save the changes, download, print, or share the completed form as needed.
Start completing your FHA Streamline Submission Checklist online today for a smoother refinancing experience!
Pros and cons of FHA streamline refinances No credit check: Having a low credit score typically won't keep you from refinancing with this program. No income verification: Unlike with a conventional mortgage, you won't need to verify your income.
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