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TODO_AP2_EXPORT_REVIEW

FHA MIP Eligibility Calculator

FHA mortgage insurance premium (MIP) eligibility and cost calculator per HUD Handbook 4000.1. UFMIP: 1.75% of base loan. Annual MIP grid (0.15%-0.75%) by base loan amount vs $726,200 threshold, LTV, and term. MIP duration: 11 years when original LTV at or below 90%; life-of-loan when above 90%. Qualifying ratios: 31% front-end / 43% back-end (compensating factors to 40%/57%). Credit score floors: 580 for 96.5% LTV; 500-579 for 90% max. Table version: HUD-MIP-ML2023-05-ML2024-01 (HUD Mortgagee Letter 2023-05, effective 2023-03-20).

Tool URL: https://ainumbers.co/chaingraph/art-224-fha-mip-eligibility.html

post/v1/tools/compute_fha_mip_eligibility

Request

  • Base URL: https://ainumbers.co
  • URL: https://ainumbers.co/v1/tools/compute_fha_mip_eligibility
  • Auth: none declared

Request body

back_end_dti_pctnumber

Percentage value

base_loan_amountnumber
fico_scorenumber
front_end_dti_pctnumber

Percentage value

loan_purposeunknown required
ltv_pctnumber

Percentage value

term_yearsnumber

Response

Successful tool execution result

fha_eligibleboolean
fico_eligibleboolean
ltv_eligibleboolean
max_ltv_pctnumber
notestring
pii_notestring
regulatory_basisstring
table_sourcestring
table_versionstring

Changes

No recorded changes to this operation across all 1 revision of this API.