InstantForum.NET v4.1.4Calyx Software Message Boardhttp://messageboard.calyxsupport.com/support@calyxsoftware.comWed, 07 Jan 2009 17:03:34 GMT20http://messageboard.calyxsupport.com/Topic3363-14-1.aspxHuh?<P>Why would you do an FHA for a veteran? Do a VA loan, then you don't need any downpayment, and they don't have mortgage insurance.</P><P>But if you're determined to do a FHA, then on the borrower information screen you:</P><P>1) enter purchase price, 2) 3% down payment, 3) click MTG Insurance button at bottom of screen, 4) enter 1.5 in MIP, FF, 5) enter .5 in box 1. of "Monthly Mortgage Insurance Premium"</P><P>Then your MCAW should be right. </P><P>Or just fill it out to the best of your ability and let the underwriter correct you.JaySat, 08 Jul 2006 12:13:10 GMTJay Strausshttp://messageboard.calyxsupport.com/Topic3363-14-1.aspxI am processing my 1st FHA loan to a Veteran and I can't figure out how to get the loan keyed in properly to allow the 3% statutory investment requirement to be reduced (line 10d) on MCAW. Does anyone else have experience with these loan types? PP is 189,700 and I have put 2.25% in DP on borrower screen and need to have line 10d on Mcaw changed to 2.25%, correct? Does the section of the Housing Act drop down need to be changed--I currently have 203b?Fri, 09 Jun 2006 08:57:37 GMTHOMETOWN GAL