Press Release News

Washington- More than 30 single-family mortgage documents and related resources used in the FHA-insured mortgages were made available by the Federal Housing Administration (FHA) in Chinese, Korean, Spanish, Vietnamese, and Tagalog. FHAs new language access web page not only provides access to educational resources but also assists lenders, servicers, housing counselors, and other participants to provide information concerning FHA-insured mortgages, especially to the ones who have limited English proficiency. The first set of translations forms a crucial part of ongoing efforts made by FHA to remove language access barriers whose preferred language is not English. In addition to this, it is also a vital part of HUD’s Secretary’s commitment to make equity a leading compass within the Bidden-Harris administration.

Julia Gordon said, “Understanding the products, processes, and documents associated with a mortgage transaction is vital to a borrower’s ability to become a successful homeowner. These new resources will help prospective homebuyers better understand their transaction and make more informed decisions before they are at the closing table.”

The documents required for all FHA-insured single-family mortgages include model documents, mortgage notes, and riders used in FHA forward and Home Equity Conversion Mortgage (HECM) and borrower disclosures. Some widely used single-family homebuyer education materials and information resources have newly translated versions such as Save your home, Tips to avoid foreclosure brochure, disaster relief, and recovery options information card.
Besides this, FHA also has plans to provide additional resources in the future.