HUD-50143-A Section 184A Loan Guarantee Firm Commitment Form

OMB Approval No.
(exp. date)

SECTION 184A LOAN GUARANTEE FIRM COMMITMENT FORM
U.S. Department of Housing and Urban Development

Office of Native American Programs

General Commitment Conditions
1.

2.
3.
4.

Maximum Mortgage Amount and Term: a) Occupant Mortgagors: Mortgage amount and terms assume satisfactory
owner-occupant mortgagor(s); b) Changes: HUD may, due to a significant negative event affecting the homebuyer’s
income, liabilities, credit, or the collateral, change the mortgage amount and term.
Validity Period: This document expires 60 days from the issue date with an optional 60-day extension at the discretion of
the approving underwriter.
Cancellation: This document may be cancelled after 60 days from the date of issuance if construction has not started.
Property Standards: All construction, repairs, or alterations proposed in the application or on the construction exhibits
returned herewith must equal or exceed applicable codes and HUD requirements.

Section 184A Case Number: _____________________________
Institutional Reference Number: ___________________________
Lender Name:
_____________________________________
Borrower(s) Name: _____________________________________
Property Address: _____________________________________
_____________________________________
_____ Purchase
_____ Refinance

Date issued:
Expiration Date:

_______________________________
_______________________________

Section 184A Cohort# (to be completed by HUD):
_______________________________________________

_____ Rehab
_____Purchase & Rehab
_____ Manufactured Existing Housing

COMMITMENT TERMS
Estimated Value of Property: _______________________
Remaining Economic Life:
_______________________
Mortgage Amount
Without Loan Guarantee Fee: _______________________
Monthly Expense Estimate:
Hazard/Flood Insurance
Real Estate Taxes
Lease payment
Homeowner Association Dues
Total Expenses

Mortgage Amount With
Loan Guarantee Fee:
Loan Term (Years):
Interest Rate:

_____ New Construction

_______________________
_______________________
_______________________

_________________________
_________________________
_________________________
_________________________
_________________________

UNDERWRITER CERTIFICATION
_____ Approved

_____ Rejected

__________________________________________

_________________________________

Direct Guarantee Underwriter Signature

Date

__________________________________________
Direct Guarantee Underwriter Printed Name

COMMITMENT CONDITIONS
HUD’s commitment to guarantee a mortgage on this property is dependent on the completion of the conditions listed below.
HUD does not guarantee the work done to comply with the conditions. This property ___ is ___is not eligible for maximum
financing (maximum loan-to-value ratio mortgage). Describe commitment conditions below:

Form HUD-50143-A (date)

OMB Approval No.
(exp. date)

SECTION 184A LOAN GUARANTEE FIRM COMMITMENT FORM
U.S. Department of Housing and Urban Development
Office of Native American Programs

Page 2 of 2

Conditions to be met prior to closing:
1.
2.

Evidence of clear title to the leasehold interest documented on DHHL’s Certification of Eligibility. Otherwise, all
unreleased liens must be documented to HUD’s satisfaction as paid in full.
Document that Hawaiian home lands lease is acceptable to HUD.

Conditions to be met at closing and/or prior to request for loan guarantee:
1.

Provide copy of Hazard Insurance Policy with coverage equal to the lesser of:
a. 100 percent of the insurable value of the improvements as established by the property insurer; or
b. The unpaid balance of the mortgage as long as it at least equals the minimum amount required to
compensate for damage or loss on a replacement cost basis at the time the damage or loss occurs.

NOTE:
HUD’s Office of Loan Guarantee encourages the borrower to execute an automatic mortgage payment; however, this is not a
condition for HUD to guarantee the loan.

Privacy Act Statement. This statement is provided pursuant to the Privacy Act of 1974, 5 USC § 552a. The authority
for collecting personally identifiable information (PII) in the Regulatory Consistency Communication Board
(RCCB) Electronic Feedback Form is based in Section 313 of Public Law 112-95.
Public reporting burden for this collection of information is estimated to average .15 hours per response, including
the time for reviewing instructions, searching existing data sources, gather and maintaining the data needed, and
completing and reviewing the collection of information. HUD may not collect this information, and you are not
required to complete this form, unless it displays a currently valid OMB control number.
This information is required in order for an eligible homebuyer to obtain a benefit and for HUD to administer the
Loan Guarantee Program for low-income Native Americans, Alaska Natives, and native Hawaiians (24 CFR
Parts1000 and 6000). The requested information is necessary to determine the income and credit worthiness of low
income homebuyers. If HUD did not collect this information, it would prevent HUD from guaranteeing mortgages
to eligible homebuyers. While no assurances of confidentiality are pledged to respondents, HUD generally discloses
this data only in response to a Freedom of Information request.

Form HUD-50143-A (date)