Question: explain the two different dollar limits that apply to HUD/FHA-insured commitments. In HUD/FHA settlement requirements of the down payment? To the handling of the closing

  1. explain the two different dollar limits that apply to HUD/FHA-insured commitments.
  2. In HUD/FHA settlement requirements of the down payment? To the handling of the closing costs?
  3. Explain the difference between loan underwriting commitments made by the VA and those made by HUD/FHA.
  4. What charges must a borrower pay for a HUD/ FHA-insured commitment?

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