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Home»Real Estate»HUD translates 19 mortgage documents into five languages to broaden accessibility
Real Estate

HUD translates 19 mortgage documents into five languages to broaden accessibility

July 3, 2024No Comments2 Mins Read
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The U.S. Department of Housing and Urban Development (HUD) recently announced the release of five new language translations for 19 single-family mortgage documents used for Federal Housing Administration (FHA)-insured mortgage servicing.

These translations, available in Chinese, Korean, Spanish, Tagalog, and Vietnamese, can be accessed from FHA’s language access webpage. They aim to help lenders, servicers, housing counselors, and other FHA program participants explain information related to FHA-insured mortgages to those with limited English proficiency before executing these documents in English, as required by law.

This release expands on the existing translated mortgage origination documents and homeownership education resources, further breaking down language barriers in accessing FHA-insured mortgage financing.

HUD acting secretary Adrianne Todman emphasized the importance of making homeownership accessible to all, especially first-time homebuyers. Providing access to information about programs is crucial in helping families achieve their dream of owning a home and fostering inclusivity, diversity, and equity in homeownership.

FHA Commissioner Julia Gordon highlighted the value of these newly translated resources in helping borrowers understand home purchasing options and accessing assistance in case of mortgage payment difficulties. With nearly 60 mortgage documents translated into multiple languages, program partners now have a comprehensive set of tools to effectively reach non-English speakers.

For a full list of the newly translated documents, visit HUD’s website.

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