HUD has expanded the 40 translated mortgage documents previously published, adding language translations of 19 different single-family mortgage documents.
WASHINGTON — The U.S. Department of Housing and Urban Development announced Wednesday that it will begin offering 19 single-family home mortgage documents in Chinese, Korean, Spanish, Tagalog and Vietnamese.
The new translations will be added to the 40 translated mortgage documents already published.
“At HUD, we are committed to making homeownership available to everyone who wants it, especially first-time homebuyers, and to do that we need to ensure everyone has access to information about our programs. This common-sense action will help families realize their dreams of homeownership,” Acting HUD Secretary Adrienne Todman said in a statement. “Today, we are taking an important step toward a generation of more inclusive, diverse and equitable homeownership.”
The Federal Housing Administration maintains a Language Access Page to make mortgage information available to mortgage seekers, lenders, and other FHA program participants.
“We continue to work to remove language access barriers for borrowers seeking FHA-insured mortgages,” Federal Housing Commissioner Julia Gordon said in a statement. “We believe it's critical that borrowers understand their options for buying a home and that existing borrowers can get help if they're having difficulty making their mortgage payments.”
She added that about 60 mortgage-related documents are currently translated into multiple languages and the FHA has a comprehensive collection of translation tools for mortgage seekers.
Copyright 2024 United Press International, Inc. (UPI). Reproduction, republication, redistribution, and/or modification of UPI content without the prior written consent of UPI is strictly prohibited.