30 Single-Family FHA Docs Translated to 5 Languages
FHA now offers the 30 documents in Chinese, Korean, Spanish, Tagalog and Vietnamese, along with other tools, such as its ‘Tips to Avoid Foreclosure’ brochure.
WASHINGTON – The Federal Housing Administration (FHA) debuted a new translation resource – more than 30 single-family mortgage documents and related resources used when originating FHA-insured mortgages are now available in Chinese, Korean, Spanish, Tagalog and Vietnamese.
The educational resources are accessible via FHA’s new language access web page to help lenders, servicers, housing counselors and others explain information related to FHA-insured mortgages to people with limited English proficiency before they execute those documents in English, as required by law.
FHA says the translations are part of ongoing efforts to remove language access barriers for consumers whose preferred language isn’t English.
“These new resources will help prospective homebuyers better understand their transaction and make more informed decisions before they’re at the closing table,” says Assistant Secretary for Housing and Federal Housing Commissioner Julia Gordon.
The translated documents include the HUD Addendum to the Uniform Residential Loan Application (HUD 92900-A), which is required for all FHA-insured single family mortgages. It also includes model documents, including mortgage notes and riders, used in FHA forward and Home Equity Conversion Mortgage (HECM) transactions.
In addition, FHA has newly translated versions of some of its most widely used single-family homebuyer information materials, including its “Save Your Home, Tips to Avoid Foreclosure” brochure, its disaster relief and recovery options information card, and FHA “myth busters” question and answer cards.
FHA will make additional resources available in the future.
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