HUD-928005b Cond Commitment

The HUD-928005b Conditional Commitment form is issued by the Direct Endorsement underwriter when a loan is approved for a borrower who is insured under the HUD Direct Endorsement program.

If the loan is approved without conditions, or if no appraisal was ordered, complete only the Commitment Terms section. If the loan is approved with conditions, select the See Below (Appraisal done) checkbox and complete the Specific Commitment Conditions section.

Commitment Terms

Many of the fields in this section will already be populated from data entered on other forms.

If Banked Wholesale has been selected as the Channel (field ID 1264), the lender name will be copied from field 1264, otherwise the loan originator name will be copied from field 315.

1. Select the Conditional Commitment under Act checkbox to indicate that the loan is conditionally approved.

2. Enter underwriter, lender, FHA, sponsor, and institution IDs as appropriate.

3. Type a Commitment Issued date and Commitment Expires date.

Specific Commitment Conditions

1. Select appropriate checkboxes and record information to document the conditions that must be met prior to approval of the loan.

2. Beneath See Indicated Additional Items on Attached, list the specific conditions that are described on attached documents. Enter identification codes for the conditions as applicable.

3. Beneath See the following Additional Conditions on page 2, enter the specific codes (separated by commas) for conditions described on page 2 of the printed form.