Form HUD 92900-LT HUD 92900-LT FHA Loan and Underwriting and Summary Transmittal

FHA Loan Underwriting
and Transmittal Summary
See back of page for Public Burden and Sensitive Information statements

U.S Department of Housing
and Urban Development

OMBApproval
Approval
OBM
No.No.
25022502
- XXXX
(expires
02/27/2007)
expires
(XX/XX/2007

Office of Housing Federal Housing Commissioner

Borrower and Property Information FHA Case No. ___________________
SOA ___________
Borrower Name _______________________________ SSN ________________________
Co-Borrower Name ____________________________
SSN ________________________
Property Address __________________________________________________________________
Property Type (Check
(Check
only
only
1) 1) Additional Property Information Property Rights Construction
1 unit
2 units
3-4 units Sales Price
$
Fee Simple
Existing
Condominium
Co-op
Appraised Value $
Leasehold
Proposed
Manufactured Housing
New (less
than 1 year)
Mortgage Information
Loan Purpose (Check all that apply) Secondary Financing
Amortization Type (Check only 1)
Fixed-Rate-Monthly Payments
Purchase
Source/Name
ARM 1_, 3 _, 5 _, 7 _, or 10 _ yr
No Cash-Out Refinance
Gov’t
NP
Family
��������������������
Cash-Out Refinance
Other
�������������������
Streamline Refinance
Amount of Secondary Financing
Int. Rate Buydown
w/appraisal
$
w/o appraisal
Gifts Seller Funded DAP
Y/N
Loan Information
Construction-to-Permanent 1) Source/Name
Mortgage w/o UFMIP $
Energy Efficient Mort
Gov’t
NP
Family
Total UFMIP
$
Building On Own Land
Other
Mortgage w/ UFMIP $
HUD REO
Amount of Gift $
Interest Rate
%
203(k)
2) Source/Name
Qualifying Rate
%
Other
Gov’t
NP
Family
(1 Yr. ARM)
Other
Loan Term (in months)
Amount of Gift $
Underwriting Information
Monthly Income
Proposed Monthly Payments
Borrower Co-Borrower
Total
Borrowers Primary Residence
Base Income
$
$
$
First Mortgage P&I
$
Other Income
$
$
$
Monthly MIP
$
Net Rental Income $
$
$
HOA Fees
$
Total Income
$
$
$
Lease/Ground Rent
$
Second Mortgage P&I
$
Hazard Insurance
$
Taxes & Special Assessments $
Total Mortgage Payment
$
Debts & Obligations
Monthly
Total Installment debt
_______
Child Support
_______
Negative Rental Cash Flow
_______
All other monthly payments
_______
Total Fixed Payment
_______
Borrower Funds to Close
Required
$_______________
Verified Assets
$_______________
$_______________
Closing Costs
Source of Funds
_______________
No. of Months in Reserves _________
Seller Contribution _______________%
Underwriter Comments

Underwriter’s signature & date (if req.)

Unpaid Bal.
__________
__________
__________
__________

Qualifying Ratios
LTV
CLTV (if 2nd permitted)
Mortgage Payment-to-income
Total Fixed Payment-to-Income

Borrower
CAIVRS # _________
LDP/GSA
yes
no

____ %
____ %
____ %
____ %

Co-Borrower
___________
no
yes

CHUMS ID #

�
Risk Assessment
no Risk Class
yes
Scored by TOTAL?
A/A or
Refer
CHUMS ID # for Reviewer of appraisal _________________________
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(XX/XX/2007)
form HUD-92900-LT (10/27/2006)

FHA Loan Underwriting
and Transmittal Summary

U.S Department of Housing
and Urban Development

Office of Housing Federal Housing Commissioner
__________________________________________________________________________________________
This information is required to determine the eligibility of FHA mortgage insurance applicants.
Public reporting burden for this collection of information is estimated to average 6 minutes 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 agency may not conduct or sponsor, and a person is not required to respond to, a collection information unless that
collection displays a valid OMB control number.
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.

________________________________________________________________________

The FHA Loan Underwriting and Transmittal Summary was developed to reflect changes to FHA’s reporting requirements.
Borrower and Property Information
SOA:

Lenders must enter the Section of the Act under which the
mortgage is to be insured.

Mortgage Information
Interest Rate:

Lenders must enter the rate for fixed rate mortgages or the
initial rate for 3, 5, 7, and 10 year ARMs.

ARM Index:

Lenders must enter the name of the index used.

Total UFMIP:

Lenders must enter the amount being financed into the loan
(i.e. exclude cents).

Qualifying Rate:

Lenders must enter the interest rate used to qualify a borrower
for a 1 year ARM.

Loan Purpose:

Lenders must check all loan purpose types that apply (e.g. the
purchase of a property owned by HUD should have both the
Purchase and HUD REO boxes checked).

Secondary Financing:

Lenders must indicate the type of source and enter the name of
the source. NP indicates nonprofit. When indicating Other, lend
ers must identify the type (e.g. seller, employer).

Seller-Funded DAP:

Lenders must indicate whether any of the gift funds are derived
from such a program by entering Y.

Gifts:

Lenders must indicate the type of source(s) and enter the
name(s) of the source(s). NP indicates nonprofit. When indicat
ing Other, lenders must identify the type (e.g. employer, labor
union).

Underwriting Information
Negative Rental Cash Flow:

If there is negative rental cash flow for the subject property and/
or other properties owned by the borrower, the lender must enter
the total dollar amount.

Borrower Funds to Close Required:

Lenders must enter the total amount that the borrower is required
to pay at closing. If the borrower is receiving cash back, the
amount should be in parentheses.
Lenders must enter the amount being paid by the borrower.

Closing Costs:

No. of
of Months
MonthsininReserves:
cash Reserves
No.

Lenders must enter the number of months in reserves for 3 and 4
unit properties only.

Seller Contribution:

Lenders must enter as a percentage of the sales price.

CHUMS ID# for Review of Appraisal:

This captures the CHUMS ID of the underwriter who reviewed
the appraisal. Completing this field is applicable when the under
writer who reviewed the appraisal is different from the one who
reviewed the credit package (e.g. an Automated Underwriting
System).

(XX/XX/2007)
form HUD-92900-LT (10/27/2006)