Mortgagees 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).
Reserves: mortgagees must enter the number of months in reserves for 3- and 4-unit properties only.
Seller contribution: mortgagees must enter the seller contribution as a percentage of the sales price.
Closing costs: mortgagees must enter the amount being paid by the borrower, which may include prepaid & non-recurring closing costs but not discount points.
Total UFMIP: mortgagees must enter the amount being financed into the loan Total UFMIP (i.e., exclude cents).
| Question | Answer |
|---|---|
| Form Name | Form HUD-92900-LT |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 6 min |
| Edition | 04/2023 |
| Issuing agency | U.S. Department of Housing and Urban Development |
| Other names | HUD-92900-LT, HUD 92900-LT, 92900-LT, 92900 LT, Form HUD-92900-LT, FHA Loan Underwriting and Transmittal Summary |
| Official source | Form HUD-92900-LT (Rev 04/2023), U.S. Department of Housing and Urban Development |
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