The FHA 203(b) Loan Program - STM Partners

Overview, Continued
HUD Home
Ownership
Centers,
(continued)
HUD Section of
the Act and
ADP Codes
• All communication from the HOCs can be accessed through the Internet.
Reference: See the subtopic “Helpful Web Sites” within this topic for internet
links to individual HOCs.
• The information provided in this product description MAY NOT include all HOC
policies that may vary from standard FHA guidelines. It is the Correspondent
Lender’s responsibility to determine the guidelines specific to their location.
The table below provides the HUD codes for the Section of the Act and the applicable
ADP code for each product.
Section of
the Act
Description ADP Code for DE
203(b) Basic Home Mortgage Insurance 703
203(b) Interest Rate Buydown 796
203(b) Condominium 734
203(b) Condominium Interest Rate Buydown 797
Section 2.22 July 27, 2012
FHA 203(b) Loan Program Page 8 of 217
Correspondent Seller Guide