Let FHA Loans Help You FHA loans have been helping people become homeowners since 1934. How do we do it? The Federal Housing Administration (FHA) - which is part of HUD - insures the loan, so your lender can offer you a better deal. Low down payments Low closing costs Easy credit qualifying What does FHA have for you? Buying your first home? Want a fixer-upper? Financial help for seniors Are you 62 or older? Want to make your home more energy efficient? How about manufactured housing and mobile homes? Ask an FHA lender to tell you more about FHA loan products. Good Faith Estimate - Form Appendix C to Part 3500 -- Sample Form of Good Faith Estimate [Name of Lender]\1\ The information provided below reflects estimates of the charges which you are likely to incur at the settlement of your loan. The numbers listed beside the estimates generally correspond to the numbered lines contained in the HUD - 1 or HUD - 1A settlement statement that you will be receiving at settlement. Loan origination fee Loan discount fee Appraisal fee Credit report Inspection fee Mortgage broker fee [Use blank line in 800 Section] CLO access fee Tax related service fee Interest for [X] days at $XXXX per day Mortgage insurance premium Hazard insurance premiums Reserves Settlement fee Abstract or title search Title examination Document preparation fee Attorney's fee Title insurance Recording fees City/County tax stamps State tax Survey Pest inspection [Other fees -- list here] Applicant Date Authorized Official These estimates are provided pursuant to the Real Estate Settlement Procedures Act of 1974, as amended (RESPA).
Handbooks, Forms and Publications HUD provides program information to the public in a variety of ways. The most commonly requested information is discussed below. We have basic information on Homebuying and Rental Assistance on our web site. We also have information on resources for senior citizens and people with disabilities . For help with housing needs, you can find the nearest HUD-approved counseling agency on the web or by calling 1 (800) 569-4287. Grant applications and funding announcements are available online on the Grants Page . Families or individuals seeking housing assistance can find basic information on Homebuying and Rental Assistance on our web site. Official HUD forms used in all programs and other commonly used forms are available online to print and download. Forms for housing discrimination complaints are available online. For assistance using forms we provide information on program technical guidance below. HUD Handbooks, Notices and other documents are available to print or view at HUDCLIPS .
RESPA - Home Page Effective July 21, 2011, the Real Estate Settlement Procedures Act (RESPA) will be administered and enforced by the Consumer Financial Protection Bureau (CFPB). If you are a consumer with a question or complaint related to your mortgage or mortgage servicer, please call at (855) 411-2372 (or (855) 729-2372 TTY/TDD), or by fax number (855) 237-2392, or contact the CFPB’s Consumer Response team. If you are a settlement service provider with questions about RESPA, please email the CFPB at CFPB_RESPAInquiries@cfpb.gov. The Real Estate Settlement Procedures Act (RESPA) ensures that consumers throughout the nation are provided with more helpful information about the cost of the mortgage settlement and protected from unnecessarily high settlement charges caused by certain abusive practices. The most recent RESPA Rule makes obtaining mortgage financing clearer and, ultimately, cheaper for consumers. Highlights Consumers RESPA is about closing costs and settlement procedures. Industry
Office of Housing The Office of Housing provides vital public services through its nationally administered programs. It oversees the Federal Housing Administration (FHA) the largest mortgage insurer in the world, as well as regulates housing industry business. The mission of the Office of Housing is to: Contribute to building and preserving healthy neighborhoods and communities Maintain and expand homeownership, rental housing and healthcare opportunities Stabilize credit markets in times of economic disruption Operate with a high degree of public and fiscal accountability Recognize and value its customers, staff, constituents and partners Within the Office of Housing are four business areas: HUD's Single Family programs include mortgage insurance on loans to purchase new or existing homes, condominiums, manufactured housing, houses needing rehabilitation, and for reverse equity mortgages to elderly homeowners.