Application for FHA-Insured Mortgage

U.S. Department of
U.S. Department of Housing and Urban Development
Housing and Urban Development
(HUD)/Federal Housing Administration (FHA) Office of Housing Federal Housing Commissioner

OMB Approval No. 2502-xxxx
(exp. x/xx/xxxx)

IMPORTANT NOTICE TO HOMEBUYERS
FHA Mortgage Insurance Premium (MIP): FHA collects an upfront premium at mortgage loan closing as well as
premiums paid with your monthly mortgage payment.
Canceling FHA’s Monthly Insurance Premiums. The monthly mortgage insurance premium will be collected until
the loan-to-value of your mortgage reaches 78 percent of the initial sales price of your home provided that premiums
are paid for at least five years. You will reach the 78 percent loan-to-value threshold in one of two ways:
�
Through normal amortization as you make your monthly payments, or
�
Paying additional principal on the mortgage.
IfIfyou
you
will
pay
thethe
monthly
MIP
forfor
thethe
lifelife
of the
mort
mortgage.
youwere
werenot
notcharged
chargedananupfront
upfrontMIP,
MIP,
you
will
pay
monthly
MIP
of the
mortgage.

Eligibility for MIP Refunds when Refinancing: You may be eligible for a refund of a portion of the upfront
insurance premium if you are refinancing with another FHA mortgage. Any refund from the old premium is applied
toward the upfront premium required for the new loan.
Underthe
theFreedom
FreedomofofInformation
InformationAct,
Act,individuals
individuals
and
companies,
companies
commonly
known
as third
party
tracers,
tracers
Under
and
companies,
commonly
known
as third
party
tracers,
maymay
request
requestofcopies
lists ofhomeowners.
unpaid homeowners.
may use
various techniques
find these homeowners
and,
for them
a
copies
lists ofofunpaid
They may They
use various
techniques
to find thesetohomeowners
and, for a fee,
assist
fee,
assist them
acquiring
refunds.
do not need
to to
goreceive
throughyour
tracers
to receive
yourcan
refunds
can
in
acquiring
theirinrefunds.
Youtheir
do not
need toYou
go through
tracers
refunds
when you
obtainwhen
themyou
directly
obtain
themfordirectly
from
HUD
for free. on
Forhow
more
information
onobtain
how homeowners
refunds
from
from
HUD
free. For
more
information
homeowners
can
their refunds can
fromobtain
HUD,their
please
visit our
website
HUD,
please visit
our
website
at www.hud.gov
and click on FHA Refunds.
at
www.hud.gov
and
click
on FHA
Refunds.
IMPORTANT
rules
governing
thethe
eligibility
for for
upfront
premium
refunds
are based
on the
nancial
IMPORTANTNOTICE:
NOTICE:The
The
rules
governing
eligibility
upfront
premium
refunds
are based
on fithe
financial
status
statusof
ofthe
theFHA
FHAinsurance
insurancefund
fundand
andare
aresubject
subjecttotochange.
change.
Should
a refund
of of
unearned
upfront
MIP,
please
contact
the the
Shouldyou
youhave
haveany
anyquestions
questionsregarding
regardingyour
youreligibility
eligibilityforfor
a refund
unearned
upfront
MIP,
please
contact
Department’s
oror
viavia
e-mail
onon
[email protected].
Department’sSupport
SupportService
ServiceCenter
Centeronon1-800-697-6967
1-800-697-6967
e-mail
[email protected].

Help with Preventing Foreclosure: If you become unable to make your monthly mortgage payments, FHA provides
a wide range of relief options for borrowers. Immediately contact a HUD-approved housing counseling agency at
(800) 569-4287.
Don’t Commit Loan Fraud.
�
Provide complete and accurate information when applying for a mortgage loan.
�
Disclose all loans and debts (including money borrowed to make the downpayment).
�
Do not assume the identity of another person or falsify information about your income or assets.
�
Do not falsely certify that a property will be your primary residence if you intend to rental it out.
�
Do not purchase a property for and then transfer title to another person.
�
Do not sign an incomplete or blank document.
�
If an individual tries to persuade you to make false statements on a loan application, you should report the matter
by calling your nearest HUD Office or HUD’s Hotline at (800) 347-3735.
For
information
you
cancan
access
thethe
FHA
Resource
Center
online
at http://answers.
Forfurther
furtherinformation
informationononallallofofthetheabove
above
information
you
access
FHA
Resource
Center
online
at
hud.gov,
email
at
[email protected]
or
call
FHA
toll-free
between
8:00
a.m.
and
8:00
p.m.
EST
(5:00
a.m.
5:00
p.m.(5:00
PT)
http://answers.hud.gov, email at [email protected] or call FHA toll-free between 8:00 a.m. and 8:00 to
p.m.
EST
ata.m.
1-800-CALLFHA
or
1-800-225-5342.
to 5:00 p.m. PT) at 1-800-CALLFHA or 1-800-225-5342.

form HUD-92900-B