FHA STREAMLINE REFINANCE

SUBMISSION CHECKLIST

WHAT DOCUMENTS DOES HUD REQUIRE FOR NO-QUALIFYING STREAMLINES???

1. No credit report or VOE

2. Obtain a certified true copy of the mortgage payment record or 12 months of cancelled checks. (Or length of

period mortgage has been held)

3. Borrower is not required to provide evidence of funds to close and no portion of borrower's payment for

escrow items is considered.

4. A form reflecting the lender's calculations for new loan amount and assurance that payments are current at

closing. (FHA streamline refinance Calculation Worksheet.

5. Important information to the Homebuyer (92900-B) is required.

6. Evidence of Social Security number is required.

7. Evidence that current mortgage is FHA insured. A copy of the original note and HUD-I Settlement

Statement which reflect first payment due date, term of mortgage, original mortgage amount and if Upfront

MIP was paid in cash or financed.

8. If Assumption without credit approval, evidence has been held at least six months.

9. NO bank statement or pay stub. NO face-to-face interview. NO Credit Alert Number, LDP List/Debarment

List. NO importance of Home Inspections Form is required.

10. No Appraisal???? Nothing is required/ With Appraisal???? All regular documents.

11. House built before 1978? EPA Pamphlet "Protecting Your Family From Lead In Your Home" is required to

be given to the borrower at application.

12. Credit Analysis Worksheet reflecting:

a. Case Number, Section of the Act and items 1 through 5, excluding 4 (if no appraisal), and 9.

b. Appropriate portions of Section 10a through q.

c. Appropriate portions of Section 13a through e.

d. Loan-to-Value (14a), if with appraisal.

e. Final approval - Section 17, 18, 19 and CHUMS ID#

13. URLA/FNMA 1003 - All of Sections I, II, VII, IX and X. Current information for Section III, Section Vonly

Present and Proposed Housing, and Section VI - Only assets needed for closing.

14. Complete a HUD Addendum form with signatures.

15. Second Lien??? Submit evidence the lien will remain subordinate.