The Federal Housing Administration (FHA) has translated and is making available more than 30 single-family mortgage documents and related resources used in the origination of FHA-insured mortgages. Translated documents are available in Chinese, Korean, Spanish, Tagalog, and Vietnamese and are accessible from FHA’s new language access web page.
These resources are intended to assist lenders, servicers, housing counselors, and other FHA program participants in explaining information related to FHA-insured mortgages to those with limited English proficiency prior to borrowers executing legal documents in English, as required by law.
This first set of translations is part of ongoing efforts by FHA to remove language access barriers for consumers whose preferred language may not be English, and in conjunction with HUD Secretary Marcia L. Fudge’s commitment to making equity a leading compass within the Biden-Harris Administration.
“Understanding the products, processes, and documents associated with a mortgage transaction is vital to a borrower’s ability to become a successful homeowner,” says Assistant Secretary for Housing and Federal Housing Commissioner Julia Gordon. “These new resources will help prospective homebuyers better understand their transaction and make more informed decisions before they are at the closing table.”
The translated documents include:
- The HUD Addendum to the Uniform Residential Loan Application (HUD 92900-A) required for all FHA-insured single-family mortgages.
- Model documents, including mortgage notes and riders used in FHA forward and Home Equity Conversion Mortgage (HECM) transactions.
- Required borrower disclosures.
Also available, newly translated versions of some of FHA’s most popular single-family homebuyer education materials and information resources:
- Save Your Home, Tips to Avoid Foreclosure brochure.
- Disaster Relief and Recovery options information card.
- FHA Myth Busters question and answer cards.
FHA intends to make additional resources available in the future.
Photo by Scott Graham at Unsplash.
