| Documentation Requirements | Completed | Notes |
|---|
| FHA Case Number Assignment and Refinance Authorization | | |
Application and HUD Addendum 92900A
| | Must be signed and dated by all borrowers prior to underwriting. Provide income source only (amount not required) in Section IV. |
| Do not complete Section V, VI, VIII a - VIII k | | |
| Complete Section VI if funds are needed to close | | |
| Check GSA, LDP, Procurement/Non-Procurement lists | | |
| Provide specific FHA disclosures | | |
| Important Notice to Homebuyer (92900B) | | |
| Informed Consumer Choice Disclosure Notice | | |
| Provide Loan Estimate | | |
| Order Flood Cert | | |
| Obtain evidence of valid SSN | | |
| Assets | | Provide proof of assets to support any cash required at closing. |
| Minimum Credit Score Requirements | | Minimum score of 580 on Mortgage Credit Only Report with FICO Scores |
| Report must reflect that existing mortgage is current | | No more than 1x30 in preceding 12 months and all payments within month due for 3 months prior to application date |
| Verbal Verification of Employment | | |
| Seasoning | | Existing FHA Case Number must be seasoned for 210 days from closing date of mortgage being refinanced |
| Review current deed or preliminary title report | | Confirm at least one borrower is listed as owner |
| Copy of Existing Note | | Verify current information - date of Note, FHA Case Number, Loan Amount, Interest Rate, P&I amount, and loan term |
| Existing HUD | | Verify amount of Upfront MIP paid and existing FHA Case Number |
| Current Payoff Demand | | |
| Estimated HUD for new loan | | |
| Completed Maximum Mortgage Calculation Worksheet | | |
| DE Underwriter must sign and provide CHUMS ID Number | | |
| FHA Loan Underwriting and Transmittal Summary, HUD 92900-LT | | |
| Page 3 of HUD Addendum 92900A | | |
| Address Net Tangible Benefit | | |
| Do Not Provide: Appraisal, IRS 4506-T, income figure or ratios, CAIVRS check | | |
