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Lenders seeking FHA approval must submit an online application containing all information and documentation required to demonstrate eligibility for approval as provided in the Single Family Housing Policy Handbook 4000.1 (Handbook 4000.1).

The Closing Disclosure (CD - formerly the HUD-1 Uniform Settlement Statement) is a three-page, government-mandated form that details the costs associated with a real estate transaction. The borrower should receive a copy of the CD at least one day prior to the closing.

For a Federal Housing Administration (FHA) loan to be approved, the home must pass an FHA inspection and appraisal. That means it must be worth the purchase price and have such basics as electricity, drinkable water, adequate heat, a stable roof, fire exits and more.

A settlement statement is a document given to borrowers at closing that itemizes services and fees charged to the borrower by the lender or broker. It also contains a good faith estimate.

Form HUD 92900 A is a legal document signed in the case of an application for an FHA loan or a VA loan (Source). This is an annex to the loan application (Source), as an addendum (Source).In the case of default, the federal government will proceed to partial reimbursements of the losses of the FHA lender.

The Closing Disclosure is a final accounting of your loan's interest rate and fees, mortgage closing costs, your monthly mortgage payment and the grand total of all payments and finance charges. The form is issued at least three days before you sign the mortgage documents.

A settlement statement is also known as a HUD-1 form or a closing statement.These costs include loan origination fees, appraisal fees, closing costs and all other costs associated with obtaining a mortgage.