ADP Code Selection Page - Field Descriptions

The field descriptions for the ADP Code Selection page are listed below in the order they appear on the page.

Field

Description

Case Type

Federal Housing Administration's (FHA) classification of the case, including:

All Case Types: All FHA case classifications.

Direct Endorsement (DE): Case primarily processed by the lender. Lender performs all or part of the property appraisal, if required, and the borrower evaluation.

HUD Processed: Case is processed by HUD and, except for a streamline refinance, requires an appraisal and issuance of a Conditional Commitment or Rejection Notice.

HUD Processed VA/CRV: Case has a Certificate of Reasonable Value (CRV) and an appraisal by an FHA-approved appraiser. It has been underwritten by the Department of Veterans Affairs (VA).

Type of Construction

Building status, including:

Proposed Construction: Property where no concrete or permanent material has been placed. (Digging of footing is not considered permanent.)

Substantial Rehabilitation: Property is being repaired and mortgage is being insured under Section 203(k). (Not applicable to a HECM case.)

Under Construction: Construction period from the first placement of permanent material to 100 percent completion with no Certificate of Occupancy (or equivalent).

Existing Construction: Property where construction is 100 percent complete and the building is habitable.

Notes:
•	The FHA treats an occupied property that has been completed less than one year from the issuance of the Certificate of Occupancy (or equivalent) as an existing property.
•	For Manufactured Housing, Existing Construction refers to a manufactured home that has been permanently installed on a site for one year or more prior to the Case Number Assignment date.

New Construction (Less than 1 Year): Property that is 100 percent complete and was completed less than one year from the date of the issuance of the Certificate of Occupancy (or equivalent). The property was never occupied.

Note: For Manufactured Housing, New Construction refers to a manufactured home that has been permanently erected on a site for less than one year prior to the Case Number Assignment date.

Amortization Type

Loan amortization classification, including:

Fixed: Amount of the payment and the interest rate remain fixed for the life of the loan.

Adjustable Rate Mortgage (ARM): Interest rate changes over the life of the loan relative to changes in the index rate. Also called Adjustable Mortgage Loan (AML) or Variable Rate Mortgage (VRM).

Graduated Payment Mortgage (GPM): Payments are low for the first few years, gradually increase for a few years, and then remain fixed.*

Growing Equity Mortgage (GEM): Scheduled increases in payments, with the additional amount being used to reduce the principal.*

*Note: GPM and GEM are now obsolete for a Home Equity Conversion Mortgage (HECM).

Select a Housing Program if applicable

Type of Federal Housing Administration (FHA) Single Family Housing program, including:

All Programs: All FHA Single Family Housing programs.

FHA Standard Mortgage Program (203b): Basic FHA mortgage insurance for one- to four -family housing.

Condominium (203b): FHA mortgage insurance for a unit in a condominium building (which must contain at least four dwelling units).

Improvements (203k): FHA mortgage insurance for a loan that covers both the acquisition and rehabilitation of a home.

Improvements Condominium (203k): FHA mortgage insurance for a loan that covers both the acquisition and rehabilitation of a condominium unit.

Cooperative (203n): FHA mortgage insurance for an apartment in a residential cooperative (which can be a detached or semidetached building, a row house, or a multifamily building). Note: Status of ADP codes for this housing program is Deleted.

Urban Renewal (220): FHA mortgage insurance for new or rehabilitated housing located in a designated urban renewal area or area with concentrated programs of code enforcement and neighborhood development.

Credit Risk (237): FHA mortgage insurance for a one- to four- family home or condominium, where the borrower does not qualify for home ownership under regular HUD credit standards. Note: Status of ADP codes for this housing program is Deleted.

Home Equity Mortgage (255) - Standard: FHA mortgage insurance on a reverse mortgage for a home (Home Equity Conversion Mortgage or HECM). Note: Status of ADP codes for this housing program is Deleted.

Home Equity Mortgage Condominium (255) - Standard: FHA mortgage insurance on a reverse mortgage for a condominium unit (HECM). Note: Status of ADP codes for this housing program is Deleted.

Home Equity Mortgage (255) - Saver: FHA mortgage insurance on a reverse mortgage for a home (HECM). The upfront mortgage insurance premium and the amount of funds (principal limit) available to the borrower are less than the standard HECM. Note: Status of ADP codes for this housing program is Deleted.

Home Equity Mortgage Condominium (255) - Saver: FHA mortgage insurance on a reverse mortgage for a condominium unit (HECM). The upfront mortgage insurance premium and the amount of funds (principal limit) available to the borrower are less than the standard HECM. Note: Status of ADP codes for this housing program is Deleted.

Home Equity Mortgage (255): FHA mortgage insurance on a reverse mortgage for a home (Home Equity Conversion Mortgage or HECM).

Home Equity Mortgage Condominium (255): FHA mortgage insurance on a reverse mortgage for a condominium unit (HECM).

HOPE for Homeowners (257): FHA mortgage insurance on a HOPE for Homeowners loan for non-condominium housing. Note: Status of ADP code for this housing program is Deleted.

HOPE for Homeowners Condominium (257): FHA mortgage insurance on a HOPE for Homeowners loan for condominium housing. Note: Status of ADP code for this housing program is Deleted.

Other: FHA Single Family Housing program not listed herewith.

Select a Special Program if applicable

Type of Federal Housing Administration (FHA) Single Family Housing special program, including:

All Programs: All FHA Single Family Housing special programs.

Indian Lands: FHA mortgage insurance for property located on Native American trust land or otherwise restricted land (property eligible for insurance pursuant to Section 248 of the National Housing Act).

Hawaiian Homelands: FHA mortgage insurance for property located within Hawaiian home lands (property eligible for insurance pursuant to Section 247 of the National Housing Act).

Military Impact Area: FHA mortgage insurance for property located in a military impacted area designated by the Secretary of Defense (property eligible for insurance pursuant to Section 238(c) of the National Housing Act). (Obsolete)

223(e) Location Waiver: FHA mortgage insurance for property in an older, declining urban area where there is a need for affordable housing (property eligible for insurance pursuant to Section 223(e) of the National Housing Act).

Principal Write-down: FHA insurance for a conventional refinance mortgage (prior mortgage was not FHA insured) where the amount owed on the original mortgage is reduced by 10 percent (10%) or more (i.e., Underwater Homeowners initiative).

Sales Incentive

Indicator specifying whether there is an interest buy-down (IBD) sales incentive to reduce the amount of the borrower's payments during the early years of the loan.

Status

Indicator specifying the status of the ADP code(s).

Active: Currently used for loan origination.

Deleted: No longer used for loan origination.

Both: Active and no longer used.

ADP Code Selection Page - Field Descriptions

See Also