FHA Loan Processing Services | CTC Processing LLC
FHA loans are the most condition-heavy files in residential lending. CTC Processing specializes in navigating HUD guidelines, managing MIP structures, and clearing the underwriting conditions that slow FHA closings.
Key requirements
- 3.5% down (580+ credit) or 10% down (500–579 credit)
- 1.75% upfront MIP financed into loan
- 0.55% annual MIP on most 30-yr loans
- FHA case number required before appraisal
- condo must be FHA-approved or spot approved
Processing steps
- 1Order FHA case number
- 2submit to underwriting with case number
- 3schedule FHA appraisal (must use FHA roster appraiser)
- 4clear title conditions
- 5clear credit/income conditions
- 6obtain FHA Firm Commitment
- 7CTC
Common conditions
- Gift fund documentation
- large deposit explanation
- FHA amendatory clause
- well/septic compliance for rural properties
- HOA certification for condos
- prior FHA loan verification (CAIVRS)
How we process it
CTC orders the FHA case number the day the file is assigned. We monitor appraisal receipt and flag any repair requirements immediately — FHA appraisals that require repairs add 5–10 days if not caught early.
Frequently Asked Questions
What is an FHA case number and when does it need to be ordered?
An FHA case number is a unique identifier assigned by HUD to each FHA loan. It must be ordered before the appraisal is scheduled. CTC orders it on day 1 of processing.
What causes FHA loans to take longer to close?
The most common delays: FHA appraisal repair requirements, CAIVRS hits (prior FHA defaults), gift fund documentation, and condo project approvals. CTC front-loads all of these checks.
Do you handle FHA 203(k) renovation loans?
Yes — both Standard and Limited 203(k). These require a HUD Consultant (Standard) and specific draw schedule documentation. CTC manages the entire process.
FHAs — closed with precision.
Hand us the file. We'll handle the guideline, the conditions, and the closing.