(Insert Date)
(Insert Mortgagee’s Name and Address) (Insert Project Number)
Madam/Gentlemen:
We have favorably considered your request to reopen this mortgage transaction to increase the maximum insurable mortgage amount. An increase of $____________________ is approved making the new maximum mortgage amount $_____________________. This increase will be insured pursuant to Section _________ of the National Housing Act, and Regulations applicable to the original mortgage, provided all legal instruments are modified in a manner satisfactory to the HUD closing attorney assigned to the case. It is understood that no portion of this increase will become available before final closing.
(Insert the amount of additional fees required and the time of payment thereof in accordance with appropriate Regulations.)
Please signify your acceptance of this agreement to modify by signing all five (5) copies of this letter in the space provided and promptly returning originals (and an electronic version of the originally-signed letter) to (Insert name and address of the Regional Director or Satellite Office Director of the Office of Multifamily Housing Production ) .
Sincerely,
Accepted HUD By: Accepted Mortgagee By: Name: Name: Title: Title:
MAP Guide, March 2021 Go to beginning of Appendix 13
Bookmarked Version Go to Acronym and Abbreviation List, Glossary, Index
Appendix 13 Page A13-1
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Appendix 13 Cost Certification A.13.2 Agreement Authorizing Deferment of Principal Payments for Level Annuity Monthly Payment
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