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INFORMED CONSUMER CHOICE DISCLOSURE NOTICE Loan Number: Case Number: Date: Borrower: Property Address: In addition to an FHAinsured mortgage, you may also qualify for other mortgage products offered.

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How to fill out the FHA Form Informed Consumer Choice Disclosure online

Filling out the FHA Form Informed Consumer Choice Disclosure is an important step in understanding your options for mortgage financing. This guide will help you navigate the process of completing this form online with clarity and confidence.

Follow the steps to complete the FHA Form Informed Consumer Choice Disclosure.

  1. Click the ‘Get Form’ button to access the form and open it in the editor.
  2. Enter the loan number in the appropriate field. This is a specific identifier for your mortgage application.
  3. Fill in the case number. This number is used for tracking your loan application within the mortgage system.
  4. Provide the date of completing this form. This helps to record when you acknowledged the comparison of mortgage products.
  5. List the borrower’s name(s) in the respective field as it appears on official documents.
  6. Input the property address where the loan will be applied. Ensure this is accurate for proper processing.
  7. Review the comparison section that outlines FHA financing versus conventional financing. Take your time to consider the costs and benefits.
  8. Acknowledge the receipt of this disclosure by signing in the indicated signature fields. Each borrower should sign and date where applicable.
  9. Once all fields are filled out correctly, save your changes. You may download, print, or share the completed form as needed.

Get started filling out your FHA Form Informed Consumer Choice Disclosure online today!

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When required under paragraph (a) of this section, a mortgagee must provide an informed consumer choice disclosure notice to a prospective FHA mortgagor not later than three business days after the mortgagee receives the prospective FHA mortgagor's application.

Section 203(b)(2) of the National Housing Act requires a disclosure to assist borrowers in comparing the costs of a FHA-insured mortgage versus similar conventional mortgages. This disclosure must be given to prospective borrowers that may qualify for both FHA-insured financing and a conventional mortgage product.

This notice is provided to identify the key differences between these mortgage products offered by your lender. This disclosure is not a contract and does not constitute loan approval. Actual mortgage approval can only be made following a full underwriting analysis by your mortgage lender.

U. Section 203(b)(2) of the National Housing Act was recently amended to include requirements for an "Informed Consumer Choice" disclosure. This disclosure is intended to assist borrowers in comparing the costs of a FHA loan versus similar conventional loans.

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