Point User Guide 191FHA loansf Select Federal Housing Administration (FHA) > FHA Combined MCAW–Purchase.The information is automatically populated from both the Borrower andProspect Information screens and the MCAW screens.FHA Refinance MCAW screenMost of the information needed on the MCAW can be pulled from other screens.To complete the FHA Refinance MCAW:1 Select Forms > Federal Housing Administration (FHA) > FHA MCAW–Refinance(HUD-92900-WS).2 Select a Refinance Type from the dropdown list.Each of the options listed has a different calculation effect on the MCAW to generateand copy the Maximum Loan Amount correctly:• Streamline with Appraisal• Streamline without Appraisal• Regular Refinance• Cash-Out Refinance3 If the loan is an EEM, enter the amount of qualifying improvements in the EnergyEfficient Improvements field.This amount is used to calculate the Maximum Loan Amount and the EEM QualifyingRatios in the Remarks field at the bottom of the MCAW.4 In the Settlement Requirements/Mortgage Calculation section, enter the payoff of theexisting mortgage in the Existing Mortgage Lien field, 10a.5 In the Repairs and Improvements field, 10b, enter any repairs and improvements thatcannot be financed.6 In the MIP Refund field, 10d, enter any MIP Refund due to the borrower.Related informationRefer to Chapter 5, Loan Application, for information about filling outthe Loan Application.PrerequisitesComplete the Borrower Information screen, Loan Application, andGood Faith Estimate before you complete the MCAW screens.
