Form Hud 92900Lt – Fill Out and Use This PDF

FHA Loan Underwriting

U.S Department of Housing

and Transmittal Summary

and Urban Development

Office of Housing Federal Housing Commissioner

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 source type. If indicating a nonprofi t

(NP) or government agency (Gov' t), they must also enter in the

Employer Identifi cation Number (EIN) for the entity. When

indicating Other, lenders must identify the type, e.g. employer,

labor union, and enter in the EIN (if applicable).

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 source type(s). If indicating a

nonprofit (NP) or government agency (Gov' t), they must also

enter in the Employer Identification Number (EIN) for the entity.

When indicating Other, lenders must identify the type(s), e.g.

employer, labor union, and enter in the EIN (if applicable).

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.

Total Fixed Payment:

All debts and obligations, including the propsed housing

payment.

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.

Closing Costs:

Lenders must enter the amount being paid by the borrower,

which may include prepaid & non-recurring closing costs but not

discount points.

No. of Months in Cash Reserves:

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

underwriter who reviewed the appraisal is different from the one

who reviewed the credit package (e.g. an Automated

Underwriting System).

GCC - 92900LT -2(2/09)r

form HUD-92900-LT (5/2008)