View a real-life scenario video here: Jonathan McKinnies | FHA vs. Conventional Mortgage Strategies
Click here to view the walk through tutorial: How to Enter an FHA Loan in the 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
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