HUD-92210 Request for Credit Approval

Request for Credit Approval
of Substitute Mortgagor

U.S. Department of Housing
and Urban Development
Office of Housing
Federal Housing Commisioner

OMB No. 2502-0036
(exp. 11/30/2011)

Public reporting burden for this collection of information is estimated to average 1 hour per response, including the time for reviewing instructions, searching existing
data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. This information is mandatory and is required to
obtain benefits. HUD may not collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number.
Section 204(b) of the National Housing Act authorizes the Secretary of the Department of Housing and Urban Development to consent to the release of the mortgagor
from his liability under the mortgage. HUD uses this information collection to approve the credit of a substitute mortgagor who desires to assume an FHA-insured
mortgage. The information is also needed to document the financial stability of the mortgagor. While the information is considered confidential, HUD does not pledge
assurances of confidentiality to respondents. HUD generally discloses this data only in response to a Freedom of Information request.
Privacy Act Notice – The United States Department of Housing and Urban Development, Federal Housing Administration, is authorized to solicit the information
requested on this form by virtue of Title 12, United States Code, Section 1701 et seq. The Housing and Community Development Act of 1987, U.S.C. 3543 authorized
HUD to collect Employer ID and/or Social Security Numbers. These numbers are used to provide information to the IRS regarding payment of commissions or other
fees. HUD may also disclose this information to Federal, State, and local agencies when relevant to civil, criminal, or regulatory investigations and prosecutions. It will
not be otherwise disclosed or released outside of HUD, except as required and permitted by law. Failure to provide the Employer ID Number or Social Security Number
could affect your participation in HUD’s FHA Insurance Program.

Mortgagee Instructions: This form is for use in cases involving the release of a Mortgagor from liability for a deficiency occurring as a result of foreclosure
as required under the National Housing Act (12 U.S.C. 1701). HUD has not retained a copy of this form in its files. Within 30 days of the change, you are
required to submit the Mortgage Record Change information via Internet through the FHA Connection or the Electronic Data Interchange (EDI).
Case Number

Section of the National Housing Act

203
Mortgagee's Name, Address & Zip Code

Other (specify)
Property Address (street, city & state)

fold line

Seller's Name, Address & Zip Code

Purchaser's Name, Address & Zip Code

Purchaser's Social Security No.

Sensitive Information: The information collected on this form is considered sensitive and is protected by the Privacy Act. The Privacy Act requires that these
records be maintained with appropriate administrative, technical, and physical safeguards to ensure their security and confidentiality. In addition, these records
should be protected against any anticipated threats or hazards to their security or integrity which could result in substantial harm, embarrassment,
inconvenience, or unfairness to any individual on whom the information is maintained.
A. Mortgagee's Request for Substitution. It is requested that the above named purchaser be accepted as Mortgagor and the seller released from financial
responsibility for a deficiency occurring as a result of foreclosure. A form HUD-92900, Mortgagor's Application for Credit Approval, with required exhibits is
submitted herewith and the statements contained therein are true and complete to the best knowledge and belief of the undersigned.
Title of the above property

Has been
transferred

Monthly mortgage payment

Will be
transferred

$

Current balance

Months
Is mortgage current?

Yes

$
Date

Remaining term of mortgage

Face amount of original mortgage

(Total principal, interest, MIP, Ins.,taxes,
ground rent or special assessments)

Date of first payment
(original)

Purchaser is or will be
owner / occupant

Yes

$

Date of next scheduled
payment

No

No

Insured under Escrow Commitment
Procedure

Yes

No

Name & Title of Officer

By
B. Consent by the Federal Housing Commissioner. The above named purchaser is acceptable as a mortgagor and, subject to compliance with the following
conditions, if any, and the issuance of form HUD-92210.1 to the seller, consent is given to the release of the seller from financial liability for a deficiency occurring
as a result of foreclosure in connection with the above numbered loan. Form HUD-92210.1 shall not be executed by the mortgagee until the sale to the above
named purchaser is concluded and the conditions specified below are met.
Specific Conditions:

Date

Authorized Agent

By
All previous editions are obsolete.

Clear All

Send Original only to HUD

Print

form HUD-92210 (10/2002)
ref. Handbook 4155.1