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Does Fha still finance up to 98.15% of appaised value?

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March 23 2012 - US
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Answers (5)

As Bob stated:

And, the up front mortgage insurance can be financed on top of the base loan amounts.

Which is where the funny LTV figure is coming from. Although the LTV is calculated without the UFMIP for lending purposes , once it is added the LTV increases. On a 97.75% refinance it increases to 98.75%, on a 3.5% down purchase the final LTV ends up 97.465%
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March 24 2012
And, the up front mortgage insurance can be financed on top of the base loan amounts.
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March 24 2012
FHA will allow a purchase transaction to 96.5% financing; 97.75% rate/term refinance; 85% cash out refinance.
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March 23 2012
If you are asking about a refinance it's 97.75 unless you are doing a cash out.  
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March 23 2012
96.5%
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March 23 2012
 
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