FHA Loan Transmittal

The FHA Loan Transmittal form (HUD-92900LT) enables an underwriter to analyze an FHA loan and decide whether to approve the loan application. Most of the information on the form will already be completed, using data entered on other loan forms.

Identifiers

  1. At the top of the form, enter the FHA Case No.

  2. Select an option from the SOA (Section of the Act) list that describes the section of the National Housing Act under which home loans are insured by the FHA.

  3. Type the date the case number was assigned, or click the Calendar icon to select a date.

    The Case # Assigned Date field determines which mortgage insurance pricing scenario to use when you import data from the FHA MI tables. Dates of October 1, 2008 through September 30, 2009 will use the pricing mandated by ML 2008-22. If this field is left blank, the pricing scenario is determined by the date the file was started. For more information about importing FHA MI data into a loan, refer to Calculating Mortgage Insurance Premiums and Payments.

Borrower and Property Information

  • Complete any missing information in the Borrower and Property Information section.

Mortgage Information

  1. Complete any missing information in the Amortization Type, Purpose of Loan, and Loan Information sections.

    Click the Edit icon on the Total UFMIP line to open the MIP/PMI/Guarantee Fee calculator to determine mortgage insurance premiums and monthly payments.

  2. If applicable, complete the Secondary Financing and Gifts sections to describe additional funding received by the borrower.

Underwriting Information

  1. Complete any missing information in the following sections:

    • Monthly Income

    • Debts & Obligations

    • Borrower Funds to Close

    • Proposed Monthly Payments

    • Qualifying Ratios

  2. Below the Qualifying Ratios section:

    • Enter the CAIVRS numbers assigned to the borrower and co-borrower by HUD's Credit Alert Interactive Voice Response System.

    • Select a checkbox to indicate whether the borrower or co-borrower is found in the LDP or SAM search as an individual who has been denied participation in FHA insurance programs.

    • Enter the CHUMS ID # for the underwriter reviewing the loan.

  3. Enter Underwriter Comments related to the underwriting information on the form.

  4. In the Risk Assessment section, indicate whether the loan has been scored by the FHA's TOTAL Mortgage Scoreboard system. If you select Yes, select the checkbox for the appropriate Risk Class.

  5. Enter the CHUMS ID number for the underwriter who reviewed the appraisal for the loan.