You’re offline. This is a read only version of the page.
Toggle navigation
DEV US HUD
US Department of Housing and Urban Development
Home
Knowledge Base
Submit A Question
Search
Search
Home
Reverse Mortgage Programs
Processing Guidelines
Appraisal/Property Analysis
Display All Subcategories
Appraisal Procedures
Appraiser Approval/Eligibility
Appraiser Roster Changes
Documentation Requirements
Electronic Appraisal (EAD)
Manufactured Housing
Property Eligibility
Property Flipping
Property Inspections
Sanctions
System Support
Closing and Insuring
Display All Subcategories
Allowable Closing Costs/Fees
Case Binder Submission
Case Cancellation
Case Processing Status
Case Reinstatement
Case Transfer
Documentation Requirements
Lender Insurance
MIC Correction Submission
Mortgage Insurance
Notice of Return (NOR)
Title Issues
Condo Project Approval
Display All Subcategories
Condominium Project Approval
Condominium Project Approval Status
Single Unit Approval (SUA)
Consumer Information
Display All Subcategories
Energy Efficiency
Find a Lender
Forms and Publications
General Purchase Info
General Refinance Info
Grant Programs
Housing Counseling
Mortgage Insurance
Mortgage Limits
Spanish Language
COVID-19
Display All Subcategories
Appraisal Property Analysis
Closing and Insuring
COVID-19 Indemnification
Credit Underwriting
HUD NSC Loss Mitigation
HUD NSC Servicing
HUD Owned Properties
Lender Approval / Eligibility
LSC HECM Servicing
Misrouted
Quality Control Compliance
Rehabilitation Programs
Credit Underwriting
Display All Subcategories
Assets/Funds to Close
Automated Underwriting/Total
Borrower Eligibility
Credit Alert (CAIVRS)
Credit History/Credit Report
Documentation Requirements
Employment and Income
Liabilities
Mortgage Calculation
Purchase Transactions
Refinance Transactions
Secondary Financing
Disaster Relief
Display All Subcategories
Allowable Closing Costs/Fees
Appraisal Procedures
Borrower Eligibility
Case Cancellation
Case Number Assignment
Consumer Information
Credit History/Credit Report
Documentation Requirements
Foreclosure/Conveyance
HECM Servicing
Property Eligibility
Property Inspections
Rental Assistance
FHA System Support
Display All Subcategories
Borrower Validation
Case Number Assignment
FHA Catalyst – Authorized Registration Form
FHA Catalyst General Info
FHA Catalyst: Case Binder Module
FHA Catalyst: Claims Module
FHA Catalyst: EAD Module
FHA Catalyst: Mortgagee Admin
FHA Catalyst: Multiple Modules
FHA Catalyst: Servicing Module
FHA Catalyst: SFDMS Module
FHA List Serv
General User Assistance
ID/Password Issues
New Access
Servicing Issues
Forward Servicing
Display All Subcategories
Servicing.
HUD NSC Servicing
Display All Subcategories
Bankruptcy
Disaster
Escrow/Taxes/Insurance/HOA
Foreclosure/Conveyance
Loss Mitigation
Preservation & Protection/Repairs/Inspections
Servicing
Treasury Homeowner Assistance Fund (HAF) Program
HUD Owned Properties
Display All Subcategories
Agent/Broker Information
Asset Control Areas
Bid Information
Closing
Discount Programs
General Purchase Info
Maintenance Issues
Property Listings
Lender Approval/Eligibility
Display All Subcategories
Annual Recert Requirements
Branch Offices
DE Mortgagee Approval
Employee Requirements
FHA Lender Lists
LEAP
Lender Application Procedures
Lender Application Status
Lender Approval Changes
Lender Sanctions
Operation Requirements
Originating FHA Loans
Misrouted Contacts
Display All Subcategories
EHLP/Hardest Hit
Federal Consumer Protection
Federal Housing Programs
FHA Loss Mitigation
HASP/MHA Programs
HUD Grants
Mortgage Insurance Refunds
Multifamily/Hospital Info
Rental Assistance
RESPA
Servicing
Title I Servicing/Asset Mgt.
Partner Approval/Eligibility
Display All Subcategories
203(k) Consultant Updates/Recertification
203(k) Consultants Application/Eligibility
DE Underwriters
HCS Password Reset
Housing Counseling Agencies
Inspectors
Nonprofit Agencies/Governmental Entities
Training Opportunities
Quality Control/Compliance
Display All Subcategories
Compliance Issues
Loan Review System (LRS)
Monitoring
Neighborhood Watch
Permissable Payments
Quality Control Plan
Reporting Fraud
Sanctions
Test Case/Post Endorsement Loan Review
Rehabilitation Programs
Display All Subcategories
Basic Eligibility Requirements
Close Out
Energy Efficiency
Escrow Accounts
Reverse Mortgage Programs
Display All Subcategories
Basic Eligibility Requirements
Counseling Requirements
HECM Collateral Assessment
HECM Servicing
Processing Guidelines
Refinance Transactions
Processing Guidelines
Are borrowers with delinquent federal tax debt or tax liens eligible for a Home Equity Conversion Mortgage (HECM)?
Are contingent liabilities included in the expense analysis for a HECM Borrower?
Are disputed derogatory credit accounts included in the expense analysis for a Home Equity Conversion Mortgage (HECM) Borrower?
Are existing HECM borrowers eligible for a reduction of the UFMIP on a HECM purchase?
Are Private Savings Clubs an acceptable source of funds for a HECM borrower?
Are property repairs required prior to closing on a HECM purchase loan?
Are the expenses of an eligible Non-Borrowing Spouse or Other Non-Borrowing Household Member included in the Home Equity Conversion Mortgage (HECM) analysis?
Are there other property or disclosure requirements that must be satisfied in a HECM purchase?
Can a borrower lock in the interest rate on HECM mortgages?
Can a HECM borrower's government assistance non-cash benefits be counted as qualifying income?
Can a HECM borrower's non-taxable income be grossed up for qualifying purposes?
Can Boarder Income be considered effective income in qualifying a Home Equity Conversion Mortgage (HECM) borrower?
Can borrowers be required to sign documents at closing specifying the HECM payment plan they choose?
Can HECM Mortgagees use the 30-Day Average Secured Overnight Financing Rate (SOFR) rate to establish the initial mortgage interest rate on the day it is published?
Can HUD extend the effective date of Mortgagee Letter 2016-16, "Home Equity Conversion Mortgage (HECM) Program: Source for 10-Year LIBOR Swap Rate?"
Can I continue to process a HECM application if the borrower has delinquent federal non-tax debt?
Can income from Public Assistance be considered effective income in qualifying a Home Equity Conversion Mortgage (HECM) borrower?
Can lenders reimburse HECM Borrowers for Required Repairs completed by the Borrower?
Can Military Income be considered effective income in qualifying a HECM borrower?
Can Mortgagees accept documents handled by interested parties in a Home Equity Conversion Mortgage (HECM) transaction?
Can Mortgagees use a revised Home Equity Conversion Mortgage (HECM) application form incorporating some of the worksheet content?
Can Rental Income from a property being vacated by a HECM borrower be used in qualifying?
Does HUD allow partial prepayment of the outstanding balance on an unseasoned lien for a HECM?
How are Charge Off Accounts considered in the evaluation of a HECM borrower's credit history?
How are Collection Accounts considered in the evaluation of a HECM borrower's credit history?
How are Judgments considered in the evaluation of a HECM borrower's credit history?
How can a lender avoid misleading a borrower about the HECM Program requirements?
How do I calculate a HECM Borrower's Rental Income from other real estate?
How do I calculate and document a borrower’s student loan payments on a Home Equity Conversion Mortgage (HECM)?
How do I calculate and document a HECM Borrower's 30 day credit account payments?
How do I calculate and document a HECM Borrower's revolving charge account payments?
How do I calculate and document a Home Equity Conversion Mortgage (HECM) borrower's installment loan payments?
How do I calculate and document the payment for a Home Equity Conversion Mortgage (HECM) borrower's deferred obligations?
How do I calculate Rental Income from the subject property for a HECM borrower?
How do I determine a Home Equity Conversion Mortgage (HECM) Borrower's utility and maintenance expense?
How do I document and calculate a HECM borrower's alimony, child support, or other payments?
How do I document and calculate a HECM borrower's income from IRA/401(k) accounts?
How do I document and calculate a Home Equity Conversion Mortgage (HECM) borrower's Investment Income or Capital Gains and Losses?
How do I document Rental Income from other real estate for a HECM borrower?
How do I document Rental Income from the subject property for a HECM borrower?
How do Lenders enter Non-Borrowing Spouse information into FHA Connection for HECM loans?
How does a Mortgagee determine if a Life Expectancy Set-Aside is required on a Home Equity Conversion Mortgage (HECM)?
How does a Mortgagee verify a borrower's nontraditional credit references in a Home Equity Conversion Mortgage (HECM)?
How is Employment Income calculated in qualifying a HECM borrower?
How is Income from an "Other Non-Borrowing Household Member" considered in a Home Equity Conversion Mortgage (HECM) transaction?
How is income from an Ineligible Non-Borrowing Spouse considered in a Home Equity Conversion Mortgage (HECM) transaction?
How must Lenders track the First 12-Month Disbursements for Adjustable Interest Rate HECMs?
How must Mortgagees document extenuating circumstances involving unemployment on a HECM?
How must Mortgagees document payment of property charges in a Home Equity Conversion Mortgage (HECM) transaction?
How often is the Secured Overnight Financing Rate (SOFR) index published?
How should lenders evaluate a Home Equity Conversion Mortgage (HECM) borrower's credit history?
How should real estate tax waivers or deferrals be accounted for when calculating property charges on a HECM mortgage?
Is a borrower with a delinquent FHA loan eligible for a Home Equity Conversion Mortgage (HECM)?
Is a credit report required for a HECM Borrower, Non-Borrowing Spouse, or Other Non-Borrowing Household Member?
Is a Home Equity Conversion Mortgage (HECM) Borrower's business debt included in the expense analysis?
Is Commission Income considered effective income in qualifying a HECM borrower?
Is employer provided housing assistance considered effective income in qualifying a HECM borrower?
Is Expected Income considered effective income in qualifying a Home Equity Conversion Mortgage (HECM) borrower?
Is income from a family owned business considered effective income in qualifying a HECM borrower?
Is Overtime and/or Bonus Income considered effective income in qualifying a HECM borrower?
Is Part Time Income considered effective income in qualifying a HECM borrower?
Is pay-off of Federal Debt a mandatory obligation in a HECM transaction?
Is Seasonal Income considered effective income in qualifying a HECM borrower?
Is self-employment income considered effective income in qualifying a HECM borrower?
Is social security number verification required for a Non-Borrowing Spouse in a HECM transaction?
Is the right of rescission applicable to a HECM purchase transaction?
May charge off accounts be paid off at closing using Home Equity Conversion Mortgage (HECM) proceeds?
May HECM term or tenure payments be considered income for purposes of calculating residual income?
May judgments be included in Mandatory Obligations and paid off at closing using HECM proceeds?
May Mortgagors pay off installment, revolving and other credit at closing using HECM proceeds?
May the borrower provide funds for the Life Expectancy Set-Aside if HECM proceeds are insufficient?
May the credit history of an Eligible Non-Borrowing Spouse be used as a compensating factor in a Home Equity Conversion Mortgage (HECM) transaction?
May third party services be used to verify information required for the Home Equity Conversion Mortgage (HECM) financial assessment?
Must an Eligible Non-Borrowing Spouse or Other Non-Borrowing Household Member's credit history be reviewed in a Home Equity Conversion Mortgage (HECM)?
Must charge off accounts be included in the expense analysis in a HECM transaction?
Must lenders consider disputed derogatory credit accounts in a HECM borrower's Financial Assessment?
Must lenders examine the public records section of the credit report of an eligible Non-Borrowing Spouse for a HECM?
Must Mortgagees use the model HECM Worksheet provided by HUD or may they design their own?
Must the lender check the LDP and GSA lists for a HECM purchase loan?
Must the Mortgagee obtain a copy of the Certificate of Occupancy in a HECM transaction?
Should HECM mortgagees round the 30-day Average Secured Overnight Financing Rate (SOFR) rate?
What are Projected Life Expectancy Property Charges in a HECM transaction?
What are the additional credit report requirements for an RMCR in a HECM transaction?
What are the bankruptcy requirements for a borrower applying for a HECM Purchase?
What are the changes HUD made to the Home Equity Conversion Mortgage (HECM) program?
What are the credit history requirements for borrowers without a credit score in a HECM for Purchase transaction?
What are the credit report requirements for HECM Borrowers?
What are the HECM ADP codes?
What are the requirements if collection account balances total $2,000 or more in a Home Equity Conversion Mortgage (HECM) transaction?
What changes were made to the HECM Loan Application as a result of ML 2014-07?
What is a Property Charge and what documentation is required in a Home Equity Conversion Mortgage (HECM) transaction?
What is acceptable for developing a borrower's non-traditional credit history in a Home Equity Conversion Mortgage (HECM) for purchase?
What is an "Other Non-Borrowing Household Member" in a Home Equity Conversion Mortgage (HECM) transaction?
What is considered a satisfactory property charge payment history in a Home Equity Conversion Mortgage (HECM) transaction?
What is imputed income from dissipated assets in a HECM transaction?
What is required to document a HECM borrower's auto allowance and how is it calculated?
What is required to document a HECM borrower's checking and savings accounts?
What is required to document a HECM borrower's federal, state and local taxes?
What is required to document a HECM borrower's non-delinquent federal debt payments?
What is required to document a HECM borrower's Social Security or Supplemental Security Income?
What is required to document a HECM borrower's Trust Income and how is it calculated?
What is required to document a Home Equity Conversion Mortgage (HECM) borrower's Alimony, Child Support, or Maintenance Income?
What is required to document a Home Equity Conversion Mortgage (HECM) borrower's Annuity Income and how is it calculated?
What is required to document a Home Equity Conversion Mortgage (HECM) borrower's current employment income?
What is required to document a Home Equity Conversion Mortgage (HECM) borrower's disability income benefits?
What is required to document a Home Equity Conversion Mortgage (HECM) Borrower's frequent job changes or employment gaps?
What is required to document a Home Equity Conversion Mortgage (HECM) borrower's Notes Receivable Income and how is it calculated?
What is required to document a Home Equity Conversion Mortgage (HECM) borrower's Pension Income from former employers?
What is required to document a Home Equity Conversion Mortgage (HECM) borrower's self-employment income?
What is required to document a Home Equity Conversion Mortgage (HECM) borrower's Stocks, Bonds, and Retirement Accounts?
What is required to evaluate and document a HECM borrower's Cash on Hand?
What is required when undisclosed debt is revealed while processing a HECM borrower's application?
What is the maximum age of mortgage application documents used in the Home Equity Conversion Mortgage (HECM) financial assessment?
What is the minimum credit score necessary to be eligible for a HECM?
What is the proper method for calculating imputed income from the dissipated assets of a HECM Borrower?
What is the purpose of conducting a HECM borrower's financial assessment?
What monthly debts and expenses are included in the expense analysis for a Home Equity Conversion Mortgage (HECM) borrower?
When can a Mortgagee take the HECM initial loan application on a property that will serve as collateral for a HECM for purchase transaction?
When do Home Equity Conversion Mortgage (HECM) Mortgagees need to begin using the revised model Note language in ML 2021-08?
When does the HECM First 12-Month Disbursement Period begin and end?
When is the HECM Second Mortgage (Security Instrument) and Second Note required?
When must a lender document a HECM borrower's previous employment history?
Where can Home Equity Conversion Mortgage (HECM) Mortgagees obtain the 30-Day Average SOFR interest rate?
Where can I find guidance on how to calculate disbursement payments for a Home Equity Conversion Mortgage (HECM)?
Where can I find the acceptable compensating factors for a Home Equity Conversion Mortgage (HECM) Transaction?
Where can I obtain the HECM Mortgage calculation software?
Where can I obtain the HECM Principal Limit Factor Tables?
Whose age is used if a Non-Borrowing Spouse doesn't meet the Deferral Period eligibility requirements at origination?
Why did HUD make the changes announced in Mortgagee Letter 2017-12 to the Home Equity Conversion Mortgage (HECM) program?
Why must property taxes be calculated as a percentage of the Home Equity Conversion Mortgage (HECM) borrower's gross income?