| Mortgage
Insurance Certificate Page |
|
Field | Description |
| Message | Notification that processing
was successful. |
| 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 was requested. |
|
Amortization Plan | Amortization plan code for cases with a Graduated Payment Mortgage (GPM) or Growing
Equity Mortgage (GEM).
| A: Annual
increase of 2.5% for five years - Section 245(a) GPM. |
| B: Annual
increase of 5.0% for five years - Section 245(a) GPM. |
| C: Annual
increase of 7.5% for five years - Sections 245(a) and 245(b) GPM. |
| D: Annual
increase of 2.0% for ten years - Section 245(a) GPM. |
| E: Annual
increase of 3.0% for ten years - Section 245(a) GPM. |
| F: Annual
increase of 4.9% for ten years - Section 245(b) GPM. |
| L: Annual
increase of 1% for life of loan - GEM. |
| M: Annual
increase of 2% for life of loan - GEM. |
| N: Annual
increase of 3% for life of loan - GEM. |
| O: Annual
increase of 4% for life of loan - GEM. |
| P: Annual
increase of 5% for life of loan - GEM. |
Note: The Section 245(b) GPM program is no longer available. |
| Program ID | FHA's
two-character identifier for the mortgage insurance program under which the insurance
application was made. |
|
LTV Ratio | Percentage of the property value or sales price that the mortgage
covers. |
| Borrower Type | Classification
of the borrower in relation to the property.
| 1
| Occupant |
| 2 | Landlord |
| 5 | Escrow
Commitment | | 7 | Corporation/Partnership
(Refi) | | 8 | Government
Agency/Non-Profit | |
|
Living Units | Number of separate dwellings. For example, a two-family house has 2 living units. |
| Control Number | Unique
10-character identifier that is used to track the specific FHA case number. |
| Name of Mortgagor (last, first,
MI) | Last name, first name, and
middle initial of the borrower. |
|
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.
(Not applicable to HECM cases.) |
|
Interest Rate | Rate at which interest is charged on the mortgage. |
| Monthly Payment (P/I) | Mortgage payment, including principal and interest, due from the borrower to the
lender on a monthly basis.
(For HECM cases, REVERSE appears instead of an amount.) |
| Name of Co-Mortgagor (last, first,
MI) | Last name, first name, and middle
initial of the coborrower. |
|
Maturity Date | Month and year
(mm/yy) of the final mortgage payment. |
| First
Payment | Month and year (mm/yy) of
borrower's first mortgage payment. |
|
Endorsement Date | Month, day, and year (mm/dd/yy) the mortgage (case) was approved for FHA insurance.
|
| Address of Property | House number, street name, city, state, and zip code of the property (including
unit number, if applicable). |
| Mortgagee Name, Address, and
ID Number |
FHA ID and name of
the lender that originated the mortgage loan, or its sponsor or agent; address and c/o
line of the requesting lender. |