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Business, 01.07.2021 15:50 crismelycalderon1904

To obtain an FHA-insured loan, the buyers will have to pay a MIP of 1.75 points, which will be financed into the loan. What will be the amount of their loan if FHA insures 96.5% of the appraised value and this property appraises for $210,000 (the maximum loan the FHA will insure in their area is $271,000)?

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To obtain an FHA-insured loan, the buyers will have to pay a MIP of 1.75 points, which will be finan...
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