Tag: streamline refinance

Solar Panels and HERO Loans

Question: We are running into an issue with an FHA Streamline refinance because the HERO loan that is on the title for Solar Panels does not subordinate.  How does FHA handle this? Solar Panels – Chart – NEW MTP™ What Every Homeowner Needs to Know About Solar Panel Obligations Answer: Our understanding is that HERO […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Can You Roll Closing Costs into an FHA Streamline?

Question: How do you roll closing costs into an FHA streamline?  MC-  Refinance Loans Chart – All Agencies Answer: There are no Streamline Refinance options that allow for the closing costs to be rolled into the loan, unless you accomplish it through premium pricing and still meet the net tangible benefit requirements.  You would have […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

FHA – Original Purchase Documents – Streamline Refinance: If an FHA borrower cannot provide a copy of their original FHA note, how would you suggest proceeding?

Answer: A copy of the note provides the FHA case number as well as the terms of the current loan for determining Net Tangible Benefit. Is there any chance that the borrowers can go to their original lender for a copy? There should be an executed electronic copy on file that would have been created […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Scroll to Top