FHA Refinance Transactions
The FHA Refinance Transactions course will explore the guidelines for the types of refinances offered under the FHA 203(b) program. This course will focus on the variations between the Rate and Term, Cash-Out, and Streamline refinance.
This course covers the following objectives:
- Describe the distinctions between the Rate and Term refinance, Cash-Out refinance and Streamline refinance
-Calculate the maximum loan amounts for all of the FHA refinance types
- Identify the Up Front Mortgage Insurance Premium and Annual Mortgage Insurance Premiums for all FHA refinance types
- Explain the eligibility requirements for all of the FHA refinance types