FHA Refinancing in Indiana – What does it mean to us that Indiana is “high cost” state?
Our appraisal is finished. Our loan has been submitted by our loan officer to the underwriter for approval. Our loan officer is not in Indiana. We thoroughly checked out the company before deciding to do business with them. My question is, our loan officer mentioned that Indiana is a "high cost" state and because of that we will save money on closing costs. His answer on what "high cost" state means was complicated and I don't know how it effects us. I have researched it on the internet and still don't know. How does this effect our closing costs and what else does it effect?
Related FHA and HUD Posts
- Fha Streamline Refinance Saves Money!
- Down Payment Assistance with FHA loans-Nehemiah & Genesis
- aready approved for a FHA home loan
- FHA loan has a low signal
- Sample letter of explanation for FHA LOAN?
- Closing costs question (In California)?
- What are Conveyance Stamps on a Good Faith Estimate to buy a house?
- FHA Appraisal Guideline Question?
- How much needed at closing? FHA?
- What is the HUD/VA Addendum to Uniform Residential Loan Application?
- Trouble with closing on a HUD home?
- We were trying to Re-Fi out of an arm into FHA fixed…in Aug we were told everything looked good…?
- I have a question about a refinance that didnt got thru – please read – its a question about the appraisal.?
- Can a 401K loan cause my FHA loan to fall through?
- Is there a federal law concerning how long the FHA has to approve a mortgage loan?
- What i s the difference between a broker, and FHA Underwritter?
- Can Down Payment Assistance programs be used with FHA loans?
- Real Estate Conditions 2 – Mortgage & First Time Home Buyer Dec08 Seller to pay Closing Costs
- General FHA home Loan Underwriting Guidelines
- First time Home Buyer and confused. What is the Difference between an 80/20 and an FHA Loan?
- Florida FHA Loans, Florida FHA Mortgage, Florida FHA Lenders, 97% Financing
- Refinance Review – Short Payoff
- “Hard Money Loan, San Diego, Private money loans, Fast Clos
- Palm Springs Real Estate – Louise Hampton Team -1170 Via Colusa, Palm Springs, CA 92262
- Will overdrafts hurt me in applying for an FHA mortgage?
- HomePath Financing – How To Buy A Home In Phoenix With A Low Down Payment
- I’m thinking of having someone assume my FHA mortgage…..?
- NEED ADVISE ON FHA HOME LOAN VS PRIVATE LOAN?
- Buying a house from a wholesaler with an FHA Mortgage? Is It Legal?
- Mortgage question. Please help!?
- Closing costs with an FHA mortgage loan…?
- Zero Down Payment No Money Down USDA Rural Development …
- Should I refi my mortgage when I bought my house only 6 months ago?
- can scholarship money be used towards income on an FHA loan?
- Is it possible to get an actual FHA Streamline in Minnesota?
- Questions on my mortgage application?
- CHL 203K
- Can a mortgage company report you to the credit bureau after making partial payments?
- Salt Lake City Real Estate by Corie : Changes In FHA Financing …
- 2loan: FHA Mortgage Rates: FHA Loan Rates Today Finish a Wild Week …
- Can I get a mortgage (probably FHA) while paying the IRS?
- Is the 1.75% Mortgage Insurance Premium (FHA loan) up front payment tax deductible in the tax year its paid?
- What are the four elements of a mortgage payment?
- FHA loan info, need Help!?
- Did I get a good deal on this mortgage????
- FHA home loan on a house that needs work.?
- In 2003 what did FHA Reverse Mortgages pay in interest on unused available cash?
- Can I get approved for a bigger mortgage if my rate goes down?
- FHA 203k Streamline Financing Rehab Loan Program
- UNITED FIRST MONEY MERGE ACCOUNT
Tags:
closing costs,
FHA Refinance,
loan officer,
money,
underwriter
This entry was posted
on Thursday, June 11th, 2009 at 12:36 pm and is filed under FHA Refinance.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Top incoming search terms for this post
It should not affect a refi at all, only a buy. This is why people should deal with people who know the state. Couldn't you have done a streamline refi without an appraisal? Next time deal with a local company who understands your state.