Tag: maximum loan

FHA – Loan with UFMIP Exceeds Maximum Loan Amount

Question: If the base loan amount of the FHA loan is at or below the loan limit, can the total loan amount with the MIP financed exceed the maximum loan limit? Answer: Yes, below is the guideline that states that the financing of the UFMIP may exceed the total mortgage amount (unless otherwise stated). Reference: […]

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