Calyx Point 7 - FHA;VA Addendum to the URLA; FHA 203(K) Worksheet (HUD-92700)

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FHA and VA loans
FHA/VA Addendum to the URLA
The FHA/VA Addendum to the URLA is a supplemental form to accompany the Uniform
Residential Loan Application. To process an FHA or VA loan, you must complete this form.
The form is accessible from both the FHA forms menu and the VA forms menu.
To open the FHA/VA Addendum to the
Loan Application:
1 Open a prospect or borrower file.
2 Select Forms > Federal Housing Administration (FHA) > FHA Addendum to
URLA (HUD 92900–A/ 26-1802a) or
Forms > Veterans Administration (VA) > VA
Addendum to URLA (HUD 92900–A/ 26-1802a).
FHA 203(k) Worksheet (HUD–92700)
The HUD-92700, Maximum Mortgage Worksheet helps to calculate the maximum
mortgage amount that is allowed for Streamlined (k) loans for purchases and refinances.
To access the Maximum Mortgage Worksheet:
1 Open a borrower file.
2 Select Forms > Federal Housing Administration (FHA) > FHA 203(k) Worksheet
(HUD–92700).
The screen follows the printed form line-by-line. The fields that are grayed out cannot be
accessed except when there are lock boxes. These fields are calculated based on the
input screens and will auto-populate.
1 In the borrower section, enter the name and address of the borrower if those fields are
not already populated.
2 Complete all the other general loan information including the
FHACaseNumber field.
3 If the property is owned by HUD, select the
HUD-REO Property check box.
4 In section A, Property Information, enter the applicable amounts, and select the
Existing Debt check box if the borrowers are taking over an existing loan.
110%After‐ImprovedValue is a calculated field and it is not accessible.
5 Populate any accessible fields in Section B, Rehabilitation and Other Allowable Costs.
However, most of the fields are calculated for you.
Related information
• For information about the FHA Loan Underwriting and
Transmittal Summary
, refer to Completing the FHA Loan
Underwriting and Transmittal Summary, on page176.
• For information about the Loan Application, refer to Chapter 5,
Loan Application.
• For information about the Good Faith Estimate, Borrower
Information
screen, and Mortgage Insurance Premium/
Funding Fee
dialog box, refer to Chapter 6, Disclosures and other
forms.
Attention
When you process an FHA 203(k) loan, always complete the FHA 203(k)
Maximum Mortgage Worksheet first, even before the Mortgage Credit
Analysis Worksheet.