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# FHA/HUD Lending - Supported by Wolters Kluwer Financial Services Non-Proprietary Content

Product = Section 203(b) Standard Fixed Rate Mortgage

Table 1. Products and Descriptions
Product and Index | Investor | Investor Note/Rider | Product Description | VMP BSI Reference | Available for Production Use | Target Available
N/A | FHA/HUD |  | 203(b) Single Family, 1st Lien, Purchase Money Mortgage, fixed rate, monthly payments | 1R | X |
N/A | FHA/HUD |  | 203(b) Single Family, 1st Lien, No Cash-Out Refinance* [Rate and Term or Simple] |  | X |
N/A | FHA/HUD |  | 203(b) Single Family, 1st Lien, Construction/Perm, single transaction Single Fixed or Variable Rate, I/O Construct Period [monthly payments], P and I Perm Period [monthly payments] |  |  | TBD

Product = Section 203(k) Standard Fixed Rate Rehabilitation (Home Improvement) Mortgage

Table 2. Products and Descriptions
Product and Index | Investor | Investor Note/Rider | Product Description | VMP BSI Reference | Available for Production Use | Target Available
N/A | FHA/HUD |  | 03(k) Single Family, 1st Lien, monthly payments | 1R | X | TBD

Product = Section 251 Standard Adjustable Rate Mortgage

Table 3. Products and Descriptions
Product and Index | Investor | Investor Note/Rider | Product Description | VMP BSI Reference | Available for Production Use | Target Available
Index = 1 Year Treasury Bill (CMT) | FHA/HUD |  | Single Family, 1st Lien, (1/1, 3/1, 5/1, 7/1, 10/1 Adjust Type), Open Cap, Non-Assumable | 590 |  | TBD
Index = 1 Year Wall Street Journal LIBOR | FHA/HUD |  | Single Family, 1st Lien, (1/1, 3/1, 5/1, 7/1, 10/1 Adjust Type), Open Cap, Non-Assumable | 590L |  | TBD