| Field |
Description |
| Message | Notification that processing
was successful. |
| |
| ADP
Code | Automated data processing
code related to the section of the National Housing Act under which a loan can
be insured by the Federal Housing Administration (FHA). |
| Description | Descriptive
title for the section of the National Housing Act. |
| SOA
Code | Section number of the
National Housing Act. |
| Fund | Name
of the Federal Housing Administration (FHA) insurance fund, including:
| Mutual Mortgage Insurance (MMI):
Covers most programs, including most of those authorized
under Section 203(b). | | General
Insurance (GI): Covers condominiums under Section
234(c), among others. | | Special
Risk Insurance (SRI): Covers Section 223(e) and
203(k) programs, among others. | | H4H
Insurance: Covers the Section 257 program (HOPE
for Homeowners). | |
|
|
| 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). |
|
|
Housing Program | 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. |
|
| Special Program | 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. |
|