New translations of single-family home mortgage documents will make mortgage information more accessible to non-English-speaking borrowers.
WASHINGTON – Today, the U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), is releasing translated versions of 19 single-family mortgage documents used to service FHA-insured mortgages. These documents will be available in Chinese, Korean, Spanish, Tagalog, and Vietnamese. Educational resources will be accessible through FHA's Language Access webpage to help lenders, servicers, housing counselors, and other FHA program participants explain information related to FHA-insured mortgages to people with limited English proficiency before executing these documents in English, as required by law.
This set of translations complements the previously released 40 translated mortgage issuance documents and homeownership education resources already available to consumers. Combined, these translated documents remove language access barriers for FHA consumers whose preferred language is not English.
“At HUD, we are committed to ensuring homeownership is accessible to everyone who wants it, especially first-time homebuyers, and to do that we must ensure everyone has access to information about our programs. This common-sense action will help families realize their dreams of homeownership,” said Acting HUD Secretary Adrienne Todman. “Today, we take an important step toward a generation of more inclusive, diverse and equitable homeownership.”
“We continue to work to remove language access barriers for borrowers of FHA-insured mortgages. We believe it is critical that borrowers understand their homebuying options and that existing borrowers receive assistance if they are having difficulty making their mortgage payments,” said Federal Housing Commissioner Julia Gordon. “With nearly 60 mortgage documents translated into multiple languages, we now have a comprehensive collection of translation tools and resources that our program partners can use to more effectively reach people whose first language is not English.”
Newly translated mortgage documents and educational resources
The mortgage documents and information resources listed below are currently available in Chinese, Korean, Spanish, Tagalog and Vietnamese through FHA's Language Access webpages.