Instructions for Data Entry Fields
Applicant # 1 and 2 Names of Applicants
Choose the correct income category in the drop down menu
Area Loan Limit Enter the Geographical County and the Area loan limit.
Repayment Income Enter repayment income by source (Note that the annual income is not
automatically included from the Payment Assistance Calc sheet)
Other Debt List all appropriate debts including:
Regular assessments, such as homeowner assessments;
Long-term obligations with more than 6 months repayment remaining, including
loans, alimony, and child support;
Payments that come due in the next 12 months, including deferred loans and
The minimum monthly payment required for revolving credit card debts
Short-term obligations that are considered to have a significant impact on
repayment ability, such as large medical bills and car or other credit payments.
The spreadsheet will do the rest of the calculations for you.