Form HUD-11702 asks for a variety of information related to the property being mortgaged. This form is used by the Federal Housing Administration (FHA) in order to determine whether or not a mortgage will be insured. The information requested on this form includes the name and address of both the mortgager and the mortgagee, as well as the legal description of the property. The purpose of this form is to help protect both the government and taxpayers from potential losses in case of default on the mortgage. Form HUD-11702 can be found on hud.gov, and must be completed before submitting a request for an FHA insurance endorsement.
| Question | Answer |
|---|---|
| Form Name | Form HUD-11702 |
| Form Length | 2 pages |
| Fillable? | Yes |
| Fillable fields | 20 |
| Avg. time to fill out | 4 min 30 sec |
| Other names | 11702 hud, gnma 11702 form, hud 11702, hud 11702 pdf |
