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HOMEBUYER AFFORDABILITY - Lowcountry Housing Trust

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					                                       1        2        3        4        5
Charleston-North Charleston MSA   43,600   49,800   56,000   62,200   67,200
Beaufort MSA                      48,300   55,200   62,100   68,900   74,500
Georgetown MSA                    39,800   45,500   51,200   56,800   61,400
     6        7        8
72,200   77,200   82,200
80,000   85,500   91,000
65,900   70,500   75,000
                HOMEBUYER AFFORDABILITY
                                          KEY
                            White Spaces indicate Data Entry!


ORGANIZATION:
PROJECT NAME:
DATE:



Housing Description
                                    Number of units this size
                                      Number of bedrooms
                                     Number of square feet

Anticipated Occupancy                                               Enter Values
                                        Number of occupants                        7
                                         Location of property Beaufort MSA
                                             Median income $                 85,500

Anticipated Housing Costs                                           Enter Values
                                   Anticipated interest rate                 0.00 %
                             Anticipated loan term in years                        0
                                     Anticipated sales price    $                -
                                Anticipated down payment        $                -
                                  Anticipated financed fees     $                -
                                    Annual real estate taxes    $                -
                                   Annual homeowner fees        $                -
                            Annual homeowner's insurance        $                -
                         Annual private mortgage insurance      $                -

Range of Affordability                                              Calculations
                                          Mortgage Amount       $                  -
                                Annual Mortgage Payment
                     Total annual taxes, fees, and insurance    $                  -
         Total Annual Mortgage, Taxes, Fees, and Insurance      $                  -
                                    Total Monthly Payment       $                  -
                        Required annual household income        $                  -
                    Required percentage of median income                               0%

Is this home affordable to your homebuyer?                          Calculations
                    Homeowner's annual household income $                          -
                 Homeowner's percentage of median income                               0%
      Homeowner's percentage of income spent on housing               #DIV/0!
                                           This home is               #DIV/0!

Will a lender approve this home loan? (LTV Method)                  Enter Values
                                    Appraised value of home
                     Maximum Loan to Value Lender Allows                               0%
                               Maximum Loan Lender Allows $                        -
                               Projected Loan to Homebuyer $                       -
                   Will this loan meet lender requirements?             YES

Will a lender approve this home loan? (DTI Method)                  Enter Values
                              Maximum Front Ratio (Housing)                            0%
                           Maximum Back Ratio (Total Debt)                             0%
              Homeowner's current monthly debt obligations
           Homeowner's projected total monthly obligations $                   -
                                   Homeowner's Front Ratio                  #DIV/0!
                                    Homeowner's Back Ratio                       0%
                               Maximum Loan Lender Allows $                    -
                               Projected Loan to Homebuyer $                   -
                   Will this loan meet lender requirements?           #DIV/0!

				
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posted:3/27/2012
language:English
pages:3