OHCD PRE-QUALIFICATION WORKSHEET

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					                   OHCD PRE-QUALIFICATION WORKSHEET

Client Name: ______________________________ Date: ______________________

Gross Monthly Income (Combined)                                     $ _______________

Total Monthly Debts                                                 $ _______________

                                         RATIOS

   1. Housing expense to income ratio
            Gross monthly income @ _______%                         $ _____________ (A)

   2. Total debt to income ratio
             Gross monthly income @ _______%                        $______________

       Less monthly debts                                          - $______________

       Maximum house payment with current debt                      $ _____________ (B)

MAXIMUM PITI (Lesser of A or B)                                     $ _____________

Taxes and Insurance (including MI, if applicable)               - $ _____________

Maximum PITI                                                        $_____________ (C)

                             ELIGIBILITY ASSESSMENT

Property Address _____________________________ Sale Price $ _____________ (1)

Down Payment Assistance                                        -    $ _____________ (2)

Client Funds                                                   -    $ _____________ (3)

Other Assistance                                               -    $ _____________ (4)

Estimated First Mortgage Amount                                     $_____________ (5)
       (line 5 = l minus 2-4)

Principal and Interest on first mortgage @ ________%                $_____________

Principal and Interest on other funds, if applicable                $ ____________

Estimated taxes, insurance and other escrows, if any                $ ____________

MAXIMUM LOAN AMOUNT                                                 $ _____________

TOTAL PITI*                                                         $ ____________



*Compare to PITI above (C) to determine if client can afford this property.