Transcription of FHA Fixed Rate with Jumbo Addendum
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FHA Fixed Rate with Jumbo Addendum
7150,7200,7202,7250,7252,7300,7302,JUM73 00,JUM7302 FHA Fixed Rate with Jumbo Addendum Page 1 of 26 For Correspondent Lenders Only FHA Fixed Rate with Jumbo Addendum General Description: FHA Fixed Rate principal and interest level payments for the life of the loan. Follow published FHA guidelines if item not addressed below. Lenders are responsible for complying with all applicable FHA/HUD regulations as further modified by the guidelines within this product description. Effective for loans locked on or after January 3, 2022 Appraisal FHA Jumbo Addendum Number of Loans/Properties Assumability Flipping Requirements Occupancy Borrowers (Eligible/Ineligible) Geographic Restrictions Programs & Special Features Cash Reserves Gift Funds Property Eligibility Closing Costs Identity of Interest Transactions Property Inspections Closing Requirements Investment Properties Qualified Mortgage Condos Legal Documentation Ratios Construction-to-Permanent Loan Term Refinance Transactions Credit History Loan-to-Value Seller/IPC Contributions Credit Scores/Non-Traditional Credit Loan Type/Eligible Section of the Act Subordinate Financing Documentation Manual Underwriting Temporary Buydowns Down Payment Maximum/Minimum Loan Amount TOTAL M
The HUD-9991 FHA Condominium Questionnaire is required and all sections on pages 1 through 3 must be ... transfer of control has been turned over to the homeowner’s association. CONSTRUCTION-TO-
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