FHA HOPE for Homeowners H4H
Consumer Protections and
Although counseling is not
required as a condition of insurance endorsement, borrowers
should be strongly encouraged to contact and work with a
housing counseling agency. The lender must provide to the borrower(s) the HOPE for Homeowners Consumer Disclosure and
Certification Form at the time of initial loan application for
the Program. This disclosure form must be signed and dated by
the borrower at least one day prior to execution of the
initial Universal Residential Loan Application (URLA) and
HUD/VA Addendum to the Loan Application.
Typically, borrowers execute
a final Loan Application and a final Addendum to the Loan
Application at the time of closing. Borrowers will also need
to sign and date the HOPE for Homeowners Consumer Disclosure
and Certification Form at the time of closing.