The FHA Center is where users can determine the eligibility of a selected FHA loan product by completing an eligibility worksheet for a variety of loan scenarios. This page is only available when an FHA loan product is selected.
Table of Contents
The FHA Center is available from both the loan menu or the navigation bar only after a FHA loan product has been selected and applied to the borrower's loan.
|Loan Menu - FHA Center|
|Navigation Bar - FHA Info|
When an FHA product is applied to the borrower's loan, users must complete a worksheet in FHA Center and determine that the loan is FHA eligible before initial disclosures can be requested. If a user attempts to request disclosures before completing a worksheet or when the loan has been deemed ineligible, the following warning message will prompt users to navigate to FHA Center to complete the worksheet or to Shop for Rates to select a different loan product.
The loan application should be complete before using the FHA Center to determine eligibility.
Select an FHA Worksheet
In the FHA Center, click Select an FHA Worksheet to select the worksheet that matches the current loan. The available worksheet types are:
The respective fields for the chosen worksheet will then appear below. Complete any fields in the worksheet that are not already filled out. If you do not have an FHA case number, leave this field and any others related to the FHA case number blank.
The system will use the information provided in this section to calculate the the Maximum Base Mortgage and the Total New Mortgage Amount.
When each field in the worksheet is complete, an indicator will display whether the loan is FHA eligible.
FHA Determining Factors
The left side of the page also contains FHA Determining Factors, which includes important information about the loan drawn from the loan application.
|Determining Factors - Purchase|
|Determining Factors - Refinance|
FHA Addendum Questionnaire
Users should also respond to the questions in the FHA Addendum Questionnaire so that this information can be stored in the loan file sent to the LOS. Each of these questions is required.
|FHA Addendum Questionnaire - Purchase|
|FHA Addendum Questionnaire - Refinance|