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FHA Loan UnderwritingU.S Department of Housing andOBM Approval No. 2502 - 0059and Transmittal SummaryUrban Developmentexpires (09/30/2022)See back of page for Public Burden and Sensitive Information statementsOffice of Housing Federal Housing CommissionerBorrower and Property Information FHA Case No. SOA Borrower Name SSN Co-Borrower Name SSN Property Address 6464302264410007137402264410Amortization Type (Check only 1)Loan Purpose (Check all that apply)Secondary Financing00Amortization Type (Check only 1)Loan Purpose (Check all that apply)Secondary Financing8686802434590Fixed-Rate-Monthly Payments ARM 1_, 3 _, 5 _, 7 _, or 10 _ yrARM Index ARM Margin Int. Rate Buydown00Fixed-Rate-Monthly Payments ARM 1_, 3 _, 5 _, 7 _, or 10 _ yrARM Index ARM Margin Int. Rate Buydown31635702434590PurchaseNo Cash-Out Refinance Cash-Out Refinance Streamline Refinance00PurchaseNo Cash-Out Refinance Cash-Out Refinance Streamline Refinance36207702909570w/appraisal00w/appraisal49834802434590Source/EIN00Source/EIN58432702538730NP Family00NP Family49834802815590Amount of Secondary Financing$ 00Amount of Secondary Financing$ 49834802538730Gov’t00Gov’t50901602673350Other00Other7137404168775Loan Term (in months) Amount of Gift $00Loan Term (in months) Amount of Gift $7042153096895Loan Information Mortgage w/o UFMIP Total UFMIP Mortgage w/ UFMIP Interest Rate Qualifying Rate (1 Yr. ARM)00Loan Information Mortgage w/o UFMIP Total UFMIP Mortgage w/ UFMIP Interest Rate Qualifying Rate (1 Yr. ARM)36207703096895w/o appraisal00w/o appraisal31635703248025Construction-to-Permanent Energy Efficient Mortgage Building On Own Land HUD REO203(k)Other00Construction-to-Permanent Energy Efficient Mortgage Building On Own Land HUD REO203(k)Other55289453096895Seller Funded DAPY/N00Seller Funded DAPY/N49834803239135Source/EIN00Source/EIN58432703359150NP Family00NP Family51727103496310Other 00Other 49834803632835Amount of Gift $Source/EIN 00Amount of Gift $Source/EIN 51727103883025Gov’t00Gov’t51727104050665Other 00Other 49650653096895Gifts 00Gifts 49834803359150Gov’t00Gov’t58432703935095NPFamily00NPFamily21031203197225$ $ $ 00$ $ $ 26111203197225%%00%%5666105249936000549275027736800058458103325495005845810371856000584581038525450022098003813175002209800395605000Underwriting Information6553204529455006553204529455007042154554855Monthly Income00Monthly Income7042154701540 BorrowerCo-BorrowerTotalBase Income$$$Other Income$$$Net Rental Income$$$Total Income$ $ $ 00 BorrowerCo-BorrowerTotalBase Income$$$Other Income$$$Net Rental Income$$$Total Income$ $ $ 44500804554855Proposed Monthly Payments Borrowers Primary ResidenceFirst Mortgage P&IMonthly MIPHOA FeesLease/Ground RentSecond Mortgage P&IHazard InsuranceTaxes & Special AssessmentsTotal Mortgage Payment00Proposed Monthly Payments Borrowers Primary ResidenceFirst Mortgage P&IMonthly MIPHOA FeesLease/Ground RentSecond Mortgage P&IHazard InsuranceTaxes & Special AssessmentsTotal Mortgage Payment63919104827270$ $ $ $ $ $ $ $ 00$ $ $ $ $ $ $ $ 6946906015355Debts & Obligations Total Installment debtChild SupportNegative Rental Cash Flow All other monthly payments Total Fixed PaymentBorrower Funds to CloseRequiredVerified AssetsClosing CostsSource of FundsNo. of Months in ReservesSeller ContributionUnderwriter Comments00Debts & Obligations Total Installment debtChild SupportNegative Rental Cash Flow All other monthly payments Total Fixed PaymentBorrower Funds to CloseRequiredVerified AssetsClosing CostsSource of FundsNo. of Months in ReservesSeller ContributionUnderwriter Comments26092156015355MonthlyUnpaid Balance 00MonthlyUnpaid Balance 26092156258560$ $ $ 00$ $ $ 26092157640955%00%44532556015355Qualifying Ratios LTVCLTV (if 2nd permitted)Mortgage Payment-to-incomeTotal Fixed Payment-to-Income00Qualifying Ratios LTVCLTV (if 2nd permitted)Mortgage Payment-to-incomeTotal Fixed Payment-to-Income47307506684645Borrower 00Borrower 47307507362190yesno00yesno34715456684645CAIVRS # LDP/GSA00CAIVRS # LDP/GSA64985906174740%%%%00%%%%59467757150100Co-Borrower00Co-Borrower59467757428230yesno00yesno267906562636400034988506394450003498850652589500267906566630550034988506675120002679065679386500267017574707750026670007611110002667000774827000468503073672700034988506263640002679065639445000267906565258950059467757367270006464308839200007137409237980CHUMS ID # for Reviewer of appraisal (Required for loans scored by TOTAL with risk class A/A or loans where the appraisal and credit reviews are performed by different underwriters.)00CHUMS ID # for Reviewer of appraisal (Required for loans scored by TOTAL with risk class A/A or loans where the appraisal and credit reviews are performed by different underwriters.)7010408896350Risk Assessment Scored by TOTAL?00Risk Assessment Scored by TOTAL?19932658896350yesnoRisk Class A/A or Refer00yesnoRisk Class A/A or ReferUnderwriter’s signature & date (if required) XCHUMS ID #form HUD-92900-LT (05/2008FHA Loan UnderwritingU.S Department of Housingand Transmittal Summaryand Urban DevelopmentOffice of Housing Federal Housing Commissioner1179830101473000This 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. HUD is committed to protecting the privacy of individuals’ information stored electronically or in paper form, in accordance with federal privacy laws, guidance, and best practices. HUD expects its third-party business partners, who collect, use, maintain, or disseminate HUD Information to protect the privacy of that information in accordance with applicable law. 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. Borrower and Property InformationSOA:Lenders must enter the Section of the Act under which themortgage is to be insured.Mortgage InformationInterest Rate:Lenders must enter the rate for fixed rate mortgages or theinitial 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: Loan Purpose:Lenders must enter the interest rate used to qualify a borrower for a 1 year ARM.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).Lenders must indicate the source type. If indicating a nonprofitSecondary Financing:(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, e.g. employer, labor union, and enter in the EIN (if applicable).Seller-Funded DAP:Gifts:Lenders must indicate whether any of the gift funds are derived from such a program by entering Y.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 InformationNegative Rental Cash Flow:If there is negative rental cash flow for the subject propertyand/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 housingpayment.Borrower Funds to Close Required:Lenders must enter the total amount that the borrower isrequired 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 for3 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).1179830957072000form HUD-92900-LT (04/2015) ................
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