| Firm
Commitment Page |
|
Field | Description |
| FHA
Case Number | Unique 10-digit identifier assigned to the mortgage by the Federal Housing
Administration (FHA). |
| ADP Code | Automated data processing code related to the section
of the National Housing Act under which mortgage insurance is being requested. |
| Mortgage Amount | Amount of the principal obligation stated on the mortgage (or other security instrument);
dollar value of the mortgage insurance to be issued for the property. Includes
upfront mortgage insurance premium (UFMIP), if upfront MIP is financed. |
| UFMIP | Amount
of upfront mortgage insurance premium (UFMIP) required. |
| UFMIP
Financed | Indicator specifying whether the upfront
mortgage insurance premium (UFMIP) is included in the mortgage. |
| Borrower-paid
Discount | Points the borrower paid
to the lender for processing and securing the mortgage. |
|
Borrower-paid Closing Costs | Borrower's
share of the expenses incurred in transferring ownership of the property. |
| Name of Mortgagor (last, first,
MI) | Last name, first name, and
middle initial of the primary borrower. |
|
Mortgage Amount w/o UFMIP | Amount of the mortgage
without financing of the upfront mortgage insurance premium (UFMIP) payment. |
| Interest Rate | Rate at which interest is charged on the mortgage. |
| Firm Issue Date | Effective
date of the Firm Commitment. |
| Name
of Co-mortgagor (last, first, MI) | Last
name, first name, and middle initial of the coborrower. |
| Term
(Months) | Period of time in months from
the beginning of loan amortization until maturity. |
| Monthly
Payment (P/I) | Mortgage payment, including principal and interest, due from the borrower to the
lender on a monthly basis. |
| Firm
Expire Date |
Pre-closing test cases and HUD Employee Loans (Program ID 05): Date the Firm
Commitment expires; the later of the Firm Commitment
issue date plus three months or the Conditional Commitment
expiration date.
-or-
Post-closing test cases: Not applicable (N/A). |
| Address
of Property | House number, street name, city, state, and zip code of the property (including
unit number, if applicable). |
| Originator Name, Address, and
ID No. |
Name, address, and 10-digit FHA ID of the lender originating the mortgage or lender (principal)
that designated another FHA-approved lender to serve as its agent in originating
the mortgage.
-or-
Sponsored originator's name and nine-digit Employer Identification Number (preceded by zero).
|
| Sponsor/Agent Name, Address, and ID
No. |
Name, address and 10-digit FHA ID of
the lender acting as an approved sponsor or agent for the lender originating the
mortgage loan. |
| Firm
Commitment Conditions | Stipulation(s)
on the Firm Commitment and/or any additional
factors. |
| Firm
Commitment Reject Page |
|
Field | Description |
| FHA
Case Number | Unique 10-digit identifier assigned to the mortgage by the Federal Housing
Administration (FHA). |
| ADP Code | Automated data processing code related to the section
of the National Housing Act under which mortgage insurance is being requested. |
| Reject
Date | Date the rejection of the
Firm Commitment was issued. |
| Name of Mortgagor (last, first, MI)
| Last name, first name, and middle
initial of the primary borrower. |
| Name
of Co-mortgagor (last, first, MI) | Last
name, first name, and middle initial of the coborrower. |
| Address
of Property | House number, street name, city, state, and zip code of the property (including
unit number, if applicable). |
| Originator Name, Address, and
ID No. | Name, address, and 10-digit FHA ID of the lender originating the mortgage or lender (Principal)
that designated another FHA-approved lender to serve as its Agent in originating
the mortgage.
-or-
Sponsored originator's name and nine-digit Employer Identification Number (preceded by zero). |
| Sponsor/Agent Name, Address, and ID
No. | Name, address and 10-digit FHA ID of
the lender acting as an approved sponsor or agent for the lender originating the
mortgage loan. |
| The
application for Firm Commitment has been rejected for the following reasons | Explanation
for HUD's rejection of a Firm Commitment. |