Note: You must have a valid FHA Lender ID, or a valid Sponsored Originator EIN (if a broker or correspondent) to submit this practice case for an underwriting recommendation. In addition, you can use the borrower and Social Security number listed in this document when performing practice submissions to the FHA TOTAL Mortgage Scorecard.
FHA mortgage loans are insured by FHA of the U.S. Department of Housing and Urban Development. With an FHA-insured loan, borrowers can purchase a home with a very low down payment (usually 3 percent of the FHA appraisal value or the purchase price, whichever is lower). FHA mortgages are subject to maximum loan limits that vary, depending on the cost of housing in the geographic location where the property is located.
Our practice cases give you unlimited hands-on experience with the underwriting process. The cases represent different common types of loans and provide data for one or more borrowers. The expected underwriting recommendation for each practice case varies (based on the latest version of DU).