source:
  type: guide
  id: hud-4000-1-ii-a-definition
  authority: FHA Single Family Housing Policy Handbook 4000.1, Part II — a. Definition (04/29/2024)
  description: FHA Single Family Housing Policy Handbook 4000.1, Part II — a. Definition (04/29/2024).
  coverage_tier: operative
obligations:
- id: hud-4000-1-ii-a-definition-full
  canonical_id: hud-4000-1-ii-a-definition-full
  section: FHA Single Family Housing Policy Handbook 4000.1, Part II
  description: "Definition: a. Definition (04/29/2024) \nFinancial Assessment refers to the Mortgagee’s\
    \ evaluation, performed by an underwriter, of \nthe Borrower’s willingness and capacity to meet their\
    \ financial obligations in a timely \nmanner, comply with the mortgage requirements, and determine\
    \ if the HECM will be a \nsustain…"
  type: do
  tags:
  - regulator-direct
  - section-complete
  - hud
  - 4000-1
  - curated
  primary_source:
    tier: 1
    authority: FHA Single Family Housing Policy Handbook 4000.1, Part II — a. Definition (04/29/2024)
    source_class: hud-handbook
    source_url: https://www.hud.gov/hud-partners/single-family-handbook-4000-1
    snapshot_id: 8c03836f77f317e1
    fetched_at: '2026-05-23T00:28:40Z'
    content_hash: sha256:411430f29b13f9b54a2ebb0e6f6e7087ecd2b90d0da22eb0c8c792eaa2d7d0df
    paragraph_quote: "a. Definition (04/29/2024) \nFinancial Assessment refers to the Mortgagee’s evaluation,\
      \ performed by an underwriter, of \nthe Borrower’s willingness and capacity to meet their financial\
      \ obligations in a timely \nmanner, comply with the mortgage requirements, and determine if the\
      \ HECM will be a \nsustainable solution to the Borrower’s financial circumstances."
    drafter_attestation: Verbatim section from snapshot 8c03836f77f317e1; boundary human-curated + substring-verified
      (2026-07-23).
  judgment: false
