How to enter an FHA loan in Advice Engine

In order to enter an FHA properly in the Advice Engine, you will need to make sure to account for the following:

• Selecting the Upfront Premium Type so it identifies this as an FHA loan
• Entering the UFMIP % on the closing costs screen and financing it into the loan
• Adding monthly mortgage insurance as a percentage
• Selecting the “MI Calc on Balance” checkbox

This video tutorial will show you how to do each of these items as well as how to check your work for accuracy.

https://youtu.be/by2UqCJ5nGY